Taxes December 12, 2025
IRS Says Financial Crimes Surged Nearly 16% in 2025—Up to $10.6B
Of the $10.59 billion, $4.5 billion resulted from tax fraud, marking an increase of 111.8% from FY24, the agency said this week.
General News August 5, 2025
Distrust in U.S. Inflation Data Threatens $2 Trillion Market
A $2 trillion market for securities linked to U.S. inflation data could be the first area of Treasuries that would crack if the Bureau of Labor Statistics is politicized, according to bond investors.
Legislation August 5, 2025
Big Beautiful Bureaucratic Headaches
The One Big Beautiful Bill Act (OBBBA) imposes costly new recordkeeping and administrative requirements on the states and counties that are often the ones who deliver various federal aid programs.
Taxes August 5, 2025
Sen. Josh Hawley Wants $600 Tax Credits for Most Americans But Will Likely Run Into GOP Pushback
The Missouri Republican proposes refundable tax credits of at least $600 per adult and dependent child. The credits would phase out for incomes exceeding $75,000 for singles and $150,000 for joint filers.
Taxes August 5, 2025
Kiddie Tax 101: What Is It, How Does It Work, and Who Has to Pay It?
The kiddie tax was established almost 40 years ago to prevent parents from avoiding taxes by transferring large gifts of investment assets to their children.
Taxes August 5, 2025
Republicans Betting Trump Tax Law’s Business Provisions Trigger Boon
Three tax provisions intensely sought by business interests carry a heavy share of hopes by Republicans, like Rep. Kevin Hern of Oklahoma, that their "big, beautiful bill" will trigger one big, beautiful boon in the U.S. economy.
Taxes August 5, 2025
Workers Cautiously Embrace No Tax on Tips and Overtime
Workers are cautiously optimistic about the tax code changes in the One Big Beautiful Bill Act, which allow some to deduct tips and overtime pay from their income up to certain limits.
Small Business August 5, 2025
New Visa Policy for Foreign Visitors Will Require Posting a Bond of Up to $15,000
The State Department will require some tourists and business travelers to pay bonds of $5,000, $10,000 or $15,000 to come into the country. When they leave the country, the money will be returned.
Payroll August 5, 2025
Want to Win Retirement? Take Financial Direction From This NFL Team’s Training Strategy
Just as the Kansas City Chiefs don't waste preseason games, you shouldn't waste your time leading up to retirement.
Small Business August 5, 2025
Customs Agency Posts Guidance on Rollout of New Tariffs
The expanded reciprocal tariffs will not apply to any products loaded onto a vessel for transport into the United States before 12:01 a.m. Eastern time on Thursday.
Taxes August 4, 2025
Epstein’s Work for Leon Black Should Face IRS Probe, Wyden says
Ron Wyden, the Senate Finance Committee’s top Democrat, questioned why the IRS had not audited at least $158 million in payments that private equity titan Leon Black made to Jeffrey Epstein between 2012 and 2017 for complex tax-related transactions.
Payroll August 4, 2025
Trump’s Former Jobs Data Chief Decries Firing of His Successor
President Trump’s firing of the chief labor statistician Erika McEntarfer was criticized by her predecessor, who called it an unfounded move that will undermine confidence in a key data set on the U.S. economy.
Payroll August 4, 2025
U.S. Notches Worst 3 Months for Jobs Growth Since Pandemic
Payrolls increased 73,000 in July after the prior two months were revised down by nearly 260,000, according to a Bureau of Labor Statistics report out Aug. 1.