Taxes May 18, 2026
What’s the Tax Verdict on Deducting Legal Fees?
As evidenced by a new Tax Court decision, Rosso, TC Memo 2025-115, 11/6/25, payment of fees relating to some types of legal actions may still be deductible.
Taxes May 18, 2026
IRS Lays Out Terms for Conservation Easement Dispute Settlements
The IRS last week announced the terms of a new settlement opportunity for eligible taxpayers involved in syndicated conservation easement or historic preservation easement disputes with the tax agency.
Taxes May 11, 2026
IRS Plans Settlement Offers in Conservation Easement Disputes
The IRS said last week that it will soon release the terms of a limited-time settlement opportunity for eligible taxpayers involved in conservation easement disputes.
Taxes May 4, 2026
Trump Touts ‘Golden Age’ for Seniors During Florida Rally
President Donald Trump came to the friendly territory of Florida’s retirement haven Friday for his first public event since an alleged assassination attempt against him, touting tax cuts for seniors and parading Dr. Phil on stage.
Taxes April 30, 2026
Federal Disaster Tax Relief Certainty Act Passes House
The bipartisan bill, introduced by U.S. Reps. Mike Thompson (D-CA) and Greg Steube (R-FL), would permit victims to claim disaster-related personal casualty losses without having to itemize deductions through Jan. 1.
Taxes April 29, 2026
House Passes Panetta’s Bipartisan ‘Supporting Early-Childhood Educators’ Deductions Act’
Introduced by Rep. Jimmy Panetta (D-CA), the SEED Act would allow early childhood educators to take a tax deduction for classroom supplies, educational materials and professional development opportunities.
Taxes April 24, 2026
IRS Provides New Guidance on Educational Assistance Plans
Employers may be encouraged to add an EAP to their fringe benefit package as a way to attract and retain high-quality employees.
Taxes April 21, 2026
New York Congressman’s Legislation Would Allow Tax Deductions on Utility Bills
The No Taxes on Utility Bills Act, introduced by Rep. John Riley (D-NY), would allow U.S. taxpayers to deduct all taxes and state-mandated surcharges included on gas and electric bills.
Taxes April 20, 2026
Johnson, Scalise Lean on Tax Cuts as They Fight to Keep Their Majority in Congress
House Speaker Mike Johnson, Rep. Steve Scalise, and their GOP colleagues say millions of taxpayers saved money on One Big Beautiful Bill Act tax breaks like exemptions for some tips, overtime, state and local taxes, and more.
Taxes April 17, 2026
Mamdani Made More Than $1,600 in Rapping Royalties Last Year, Tax Return Shows
New York City Mayor Zohran Mamdani made $1,643 in royalties from his now-defunct rap career last year, a copy of his tax return shows.
Taxes April 13, 2026
Trump Has McDonald’s DoorDashed to Oval Office to Tout ‘No Tax on Tips’ Policy
Sharon Simmons, a DoorDash employee from Arkansas, delivered a McDonald's lunch to President Donald Trump at the doors of the Oval Office Monday, claiming she's saved $11,000 from the president’s tax policy.
Taxes April 10, 2026
IRS Issues Final Regs on Occupations Eligible for OBBBA Tips Deduction
The Treasury Department and the IRS issued final regulations on Friday that list the occupations of tipped workers eligible for the "no tax on tips" provision introduced by last summer's One Big Beautiful Bill Act.