Taxes May 26, 2026
Missourians Will Vote on Plan to Phase Out State Income Tax in August
Gov. Mike Kehoe announced Friday that the measure would appear on the statewide ballot in the Aug. 4 election after promoting the proposal since January.
Taxes May 22, 2026
Taxes and Marriage: Innocent Spouse Relief Isn’t Guaranteed Forever
Although an “innocent spouse” may be absolved of their tax responsibilities, a Tax Court case shows that this special tax protection may be forfeited if the spouse later becomes aware of improprieties.
Taxes May 22, 2026
How Much of ‘Survivor 50′ Champion’s Winnings—the Biggest Prize in Show History—Will Go to Taxes?
The money is certainly life-changing, but the winner will have to fork over a significant portion of the $2 million to the government.
Taxes May 21, 2026
5 Tax Planning Moves to Make Due to the One Big Beautiful Bill Act
A higher SALT cap, no tax on tips and overtime, and a new $6,000 senior deduction reshape 2026 planning.
Taxes May 21, 2026
Show Your Client’s Support for Education by Encouraging Them to Donate Excess Inventory
Product philanthropy is a form of in-kind giving that benefits communities as well as businesses.
Technology May 21, 2026
Innovation Award Nominations Close on Sept. 8, 2026
The awards honor new technologies that help accounting firms and their small business clients operate more efficiently and profitably through improved workflow, increased accessibility, or enhanced collaboration.
Taxes May 21, 2026
Bottom Half of Earners Should Pay Zero in Income Taxes, Bezos Says
Speaking with CNBC’s Andrew Ross Sorkin on “Squawk Box,” Jeff Bezos said the top 1% of taxpayers pay about 40% of all tax revenue while the bottom half pay 3%.
Taxes May 21, 2026
Summer Camps May Qualify for Dependent Care Tax Credit
The credit isn’t limited to just day care centers and other traditional childcare services.
Taxes May 21, 2026
AICPA Urges Taxpayer Relief in Use of IPIC Method for Last-In, First-Out Inventory
The letter cites recent changes made by the Bureau of Labor and Statistics (BLS) to the PPI detailed report.
Taxes May 20, 2026
Michigan Tax Audits Skipping Over Out-of-State Big Businesses, Whistleblowers Say
Despite out-of-state taxpayers historically contributing the majority of tax revenue, out-state auditing operations for Michigan have been under "serious erosion," the state House Oversight Committee was told.
Taxes May 19, 2026
IRS Deal Reportedly Bars Agency from Auditing Trump
The agreement by the IRS is just one part of a major settlement resolving the case.
Taxes May 19, 2026
Form 8621 Non-Filing Risk: Why PFIC Compliance Deserves More Attention
Under the international information reporting rules, if a required Form 8621 is not filed, the IRS may be able to keep the statute of limitations open on the entire tax return indefinitely.