Taxes September 2, 2026
Tax Court Penalizes ‘Pretty Sophisticated’ Taxpayer
Depending on the situation, the IRS may have discretion to hand out some of these penalties or to cut unknowing taxpayers some slack.
Taxes September 2, 2026
Big Change for Colorado Income Tax Makes Ballot
Initiative 195 would create a graduated income tax for the state under which higher earners pay a greater percentage of their income than lower earners, generating significantly more tax revenue.
Accounting September 2, 2026
Former Bookkeeper at Hartford Law Firm Pleads Guilty in $750,000 Embezzlement Scheme
Heather Murdock used the firm's bookkeeping software to generate hundreds of fake checks that were made payable to herself between approximately 2010 and 2022.
Payroll September 1, 2026
What the New 1099 Reporting Rules Mean
The IRS has updated Forms 1099-NEC, 1099-MISC, and 1099-K for 2026 to separately report information related to tips and qualified overtime compensation.
Taxes September 1, 2026
Trump Calls for Federal Tax Incentives to Revive U.S. Film Industry
President Donald Trump on Monday urged Congress to approve federal tax incentives aimed at reviving American film and television productions.
Taxes September 1, 2026
Pelosi Avoids Billionaire Tax Vote as Wealth Tax Turns Toxic in San Francisco
California's billionaire tax proposal is splintering the state's Democratic Party, with party leaders opposing the wealth tax even as voters, and especially young voters, appear eager to increase taxes on the rich.
Taxes September 1, 2026
Attorney Points to 6,700 Wrongfully Notified in NYC Pied-à-Terre Tax Rollout
The city initially sent notices to 17,000 homeowners indicating they might owe the second-home property tax surcharge.
Taxes September 1, 2026
Illinois Tax Preparer Sentenced, Ordered to Pay $700K for Filing False Returns
A federal judge sentenced Dormeshia A. Haire of Belleville, IL, to three years in prison and ordered her to pay more than $700,000 in restitution after she admitted to filing false tax returns for years.
Payroll September 1, 2026
American Airlines Says It Will Match $1,000 for Trump Accounts
In addition to matching the initial one-time $1,000 federal investment employees who have children with the accounts, American Airlines will allow employees to annually contribute $2,500 pre-tax.
IRS August 31, 2026
Ohio Couple’s Five-Month Refund Wait Puts a Face on Nationwide IRS Staffing Cuts
Monnie and Bob Johnston of Brunswick, OH, who are both CPAs, haven't been able to get straight answers from the IRS about the status of their tax refund, five months after they filed their return.
IRS August 31, 2026
DOJ Balks at Demands for Details on Trump’s Deal in IRS Case
The U.S. Justice Department is pushing back on requests for information about how it resolved President Donald Trump's $10 billion lawsuit against the Internal Revenue Service.
Taxes August 31, 2026
How North Carolina’s Income Tax Rate Compares to Its Neighbor States, as Voters Consider Cap
North Carolina voters will get to decide in November whether to cap their personal income tax rate at 3.5%. So how does North Carolina’s personal income tax rate compare to its neighbors?