Taxes August 5, 2026
Paxton Pitches Family Tax Cuts While Hammering Talarico in Texas Senate Race
The GOP candidate promotes tax breaks on health care, homes and children as the Democrat's campaign calls the affordability push "laughable."
Taxes July 9, 2026
IRS Introduces Automatic Exemption From Penalty Process, Phases Out First Time Abate
The IRS on Wednesday announced a new automatic process that will provide penalty relief for taxpayers who have a history of filing and paying their tax debts on time instead of requiring them to request assistance.
Taxes July 9, 2026
IRS Final Rules Identify Certain CRATs as ‘Listed Transactions’
The final regulations identify certain arrangements claiming to be charitable remainder annuity trusts as "listed transactions," a specific type of abusive tax shelter that the IRS has formally identified as a tax-avoidance scheme.
Taxes July 9, 2026
Chicago Aldermen Reject Mayor’s Move to Ask Voters if Millionaires Should Be Taxed
Chicago Mayor Brandon Johnson released a statement on Thursday ripping the City Council Rules Committee for not letting voters have their say on the millionaire tax.
IRS July 8, 2026
Are IRS Chatbots Really Helping Taxpayers?
It's a question that's difficult to answer because the data the IRS collects to measure chatbot performance is unreliable, limiting the agency's ability to determine whether the applications are operating effectively, the Treasury Inspector General for Tax Administration says.
Taxes July 8, 2026
Will World Series of Poker Main Event Attendance Be Impacted by Major Tax Changes?
While there are several variables that help determine the field size for the Main Event, one factor that could impact this year’s tournament is an amendment in the One Big Beautiful Bill Act that limits declarable losses for gamblers.
Taxes July 8, 2026
The 1099 Rules Are Changing, But the Compliance Problem Remains
The coming threshold increase should not lessen the focus on 1099 compliance. It presents an opportunity for firms to elevate the conversation.
Taxes July 8, 2026
Senators Probe Trump’s IRS Immunity Deal
Sens. Elizabeth Warren, Chuck Schumer, and Ron Wyden are investigating whether the immunity deal also protects companies affiliated with President Donald Trump's family.
Taxes July 8, 2026
Feds to Decide Fate of California’s $2 Billion Plan to Tax Health Insurers to Fund Medi-Cal
The U.S. Centers for Medicare and Medicaid Services, led by Mehmet Oz, has regulatory power over California’s plan for the managed care tax.
Taxes July 8, 2026
Instead of Uniting the Left, California’s Billionaire Tax Measure Has Split Democratic Allies
The November ballot item has triggered a rift among progressive labor unions and Democrats, groups critical to the measure's success.
Taxes July 8, 2026
Child Care Tax Credit for New Hampshire Biz Becomes a Reality
Starting in 2028, employers that create new or expanded childcare options can qualify for a tax credit against either of the state’s two main business taxes.
Taxes July 7, 2026
42 States Don’t Tax Social Security. Here Are the 8 That Do
Recognizing the vital role the program plays for many, the majority of states exempt Social Security income from taxation. Eight do not, however, though rules of what is taxed vary widely.
Taxes July 7, 2026
California GOP Asks for Trump Administration’s Help to Stop New Tax on Health Insurers
California Republicans are turning to the Trump administration to do what they couldn’t in the Legislature: defeat a new tax on health insurers recently approved by Democrats.