Income Tax January 8, 2026
10 Tax Deductions the IRS Will Slap Down Fast
While there have been several unusual deductions that were approved by the courts or the IRS, here are 10 that didn’t make the grade.
Taxes January 6, 2026
Retirement Savers Be Warned: A Tax Break Has Disappeared in 2026
For years, workers nearing retirement could decide whether to take the immediate tax break of pretax savings in their 401(k) plans or build tax-free income they could access later from a Roth IRA. But starting in January, that choice will disappear for high-income earners.
Taxes January 6, 2026
7 Wild and Crazy Tax Deductions that the IRS Actually Allowed
As the 2026 tax filing season gets underway, take note of these seven “wild and crazy” deductions that have previously been allowed.
Taxes January 6, 2026
New Postmark Change Impacts Tax Filings, Extensions, and More
A quietly released USPS postmark change update is changing how postmark dates are defined and applied, creating real problems for taxpayers.
Taxes January 6, 2026
AICPA Recommends Automating Extension Process for Taxpayers Affected by Federally Declared Disasters
The AICPA is requesting that the IRS leverage the use of its online taxpayer accounts to streamline the extension request submissions and notifications for section 1033 requests.
Taxes January 5, 2026
Billionaire Tax Proposal Sparks Soul-Searching for Californians
The controversial proposed ballot measure is already creating fractures among powerful Democrats who enjoy tremendous sway in California.
Taxes January 5, 2026
These States Cut Their Income Tax for 2026. Could Massachusetts Be Next?
The pro-business Massachusetts Opportunity Alliance is pushing for a pair of proposed ballot questions this year. One of them would lower the state’s income tax from 5% to 4%.
Taxes January 5, 2026
Bettors’ Phantom Winnings—in Nevada and Elsewhere—Now Face Real Tax Liability
Gamblers and casual bettors nationwide face a new tax reality: Starting in 2026, they can deduct just 90% of their losses against winnings, a drop from the prior full 100% allowance.
Taxes January 2, 2026
Vrbo Parent Company Sues Michigan Over $18.8 Million Tax Bill
The short-term vacation rental platform HomeAway has sued Michigan's Department of Treasury, disputing an $18.8 million use tax bill levied for the years 2020 through 2022.
Taxes December 31, 2025
IRS-CI Releases Its 2025 Highlight Reel
From tax evasion to cybercrime, IRS Criminal Investigation’s top 10 cases of 2025 resulted in multiyear prison sentences and multimillion-dollar financial settlements.
Taxes December 30, 2025
Will Billionaires Really Leave California? Why Wealth Tax Backers Aren’t Worried
If passed by California voters in November 2026, the measure would impose a one-time tax of 5% on individuals with assets worth $1 billion or more.
Taxes December 29, 2025
Tax Court Affirms Nature of Constructive Dividends
In a new case, Alioto, TC Memo 2025-125, 12/4/25, a C corporation paid the personal expenses of its main shareholder, with adverse tax consequences.