Taxes April 4, 2025
More than one-quarter of respondents (28%) noted that filing their taxes incorrectly is a top concern during tax season, and another 14% are concerned about not understanding the tax filing process or requirements.
Taxes April 4, 2025
The Tax Blotter is a round-up of recent tax news and Tax Court rulings.
Mergers and Acquisitions April 2, 2025
The Dallas-based tax services firm has expanded its income tax practice after acquiring Brayn Consulting, a Houston-based tax firm that specializes in research and development, cost segregation, and green energy income tax incentives.
Taxes April 2, 2025
Washington Gov. Bob Ferguson on April 1 panned budget plans by legislative Democrats for relying on "far too much in taxes," including a new wealth tax he warned could be overturned by courts.
Taxes April 1, 2025
Residents of Hawaii are burdened by taxes the most, while Alaska residents have the lowest tax burden, a new WalletHub study found.
Taxes March 31, 2025
President Donald Trump signed an executive order last week that authorizes the federal government to begin phasing out the use of paper checks and switch exclusively to electronic payments this fall, with some limited exceptions.
Payroll March 31, 2025
If a taxpayer is in dire need, the taxpayer may choose to take a “hardship distribution” from a qualified retirement plan. However, as shown in a new case, Campana, TC Memo 2025-23, 3/19/25, this doesn’t absolve any tax liability.
Taxes March 31, 2025
The IRS has sent more than 55.7 million refunds to taxpayers totaling nearly $179.5 billion thus far this tax season, an increase of 1.3% and 5.9%, respectively, from last year.
Taxes March 29, 2025
A component of the Tax Reduction Act, the EITC was signed into law by President Gerald Ford on March 29, 1975, and has become one of the federal government's largest anti-poverty programs.
Taxes March 28, 2025
The IRS Criminal Investigation unit released new statistics on March 28 highlighting how the agency has investigated financial crimes using Bank Secrecy Act data.
Taxes March 27, 2025
With capital gains, dividends and interest income soaring, many taxpayers are seeing the flip side—bigger tax bills and smaller refunds.
IRS March 26, 2025
The IRS Criminal Investigation unit has launched 2,039 tax and money laundering cases related to COVID fraud, with attempted fraud in these cases totaling $10 billion, since the CARES Act was signed into law in March 2020.