Small Business June 26, 2026
Tax Court Doesn’t Horse Around in New Hobby Loss Case
After examining all the evidence, the Tax Court ruled that the activity doesn’t rise to the level of a business. Result: All the loss deductions are denied.
Taxes June 26, 2026
California Governor Calls for National Tax on Billionaires After Opposing State’s Version
California Gov. Gavin Newsom argued that a federal push to ensure the wealthiest Americans pay their fair share would be more effective than a state effort set to appear on the Nov. 3 ballot.
Taxes June 26, 2026
Controversial Billionaire Tax Will Appear on November Ballot in California
A one-time 5% tax on California billionaires’ assets is headed to the November ballot, pitched as a way to backfill Trump administration healthcare cuts.
Taxes June 26, 2026
Study: Massachusetts ‘Not Progressive’ in How it Taxes Lower-, Middle-Income Households
A Boston-based nonprofit think tank says the state taxes a larger share of “typical families’” incomes than competing states.
Taxes June 25, 2026
4 Steps to Get Ahead of Higher Taxes
Most taxpayers do not proactively plan ahead on taxes for the next year. Having a CPA assist before the end of the year can result in a strategy to mitigate tax burden.
Taxes June 24, 2026
Taxpayer Advocate Tells Congress About IRS Hits and Misses This Tax Season in New Report
"In the end, the IRS performed better than expected in most respects," Erin Collins said. "But taxpayers who required assistance from the IRS often struggled to get it."
Taxes June 24, 2026
These 10 States Might Have a Tax Identity Theft Problem
ConsumerAffairs, an online consumer news and review platform, looked at state-level IRS data covering processing year 2025 and evaluated states across the following two metrics: confirmed identity theft rate and unconfirmed identity theft rate.
Technology June 23, 2026
Taxfyle Launches Plan, an AI-Native Tax Strategy Platform Built to Streamline RIA Tax Planning Workflow
Plan transforms tax planning from a manual, time-intensive process into an AI-driven workflow.
Taxes June 23, 2026
Former Fugitive Ohio Pharmacist Pleads Guilty to Defrauding IRS
In February, Sbeih Sbeih, 57, was arrested in the eastern European country of Georgia after he was a fugitive for 11 years.
Taxes June 22, 2026
Comedian Carlos Mencia Arrested for Tax Evasion, $8.7M in Unreported Income
Mencia was arrested at his Los Angeles home on Thursday around 7 a.m. and held on $250,000 bail. If convicted, he faces more than 11 years in prison, and he would likely have to pay the tax bills and the interest.
IRS June 22, 2026
DOJ Rejects Judge Request to Certify $1.8 Billion ‘Weaponization’ Fund Nixed
The fund was part of a settlement to resolve President Donald Trump's $10 billion lawsuit seeking to hold the Internal Revenue Service liable for a leak of his tax information.
Taxes June 18, 2026
Court Strikes Down Ballot Initiative to Lower Massachusetts Income Tax
The Massachusetts Supreme Judicial Court stated that a summary of the proposal authored by Attorney General Andrea Campbell and used to collect required signatures was misleading and must be disqualified from appearing on the ballot.