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.
Taxes December 26, 2025
New USPS Rule Could Affect Year-End Tax Deductions
As a result of the new stipulation, the date stamped on mailed items may be several days later than when the mail was actually deposited, raising concerns for taxpayers who rely on the postmark to document the timing of charitable gifts.
Taxes December 26, 2025
IRS Extends Tax Deadline to May 1 for Washington Storm Victims
The IRS announced tax relief for individuals and businesses in Washington state affected by severe storms, straight-line winds, flooding, landslides, and mudslides that began on Dec. 9.
Taxes December 26, 2025
Marijuana Group Appeals Court Order Upholding Michigan’s 24% Wholesale Tax, Urges Action by Jan. 1
The Michigan Cannabis Industry Association on Tuesday appealed a lower court ruling that upheld the imposition of a new 24% wholesale tax on marijuana sales, set to take effect Jan. 1, 2026.
Taxes December 26, 2025
Column: Let’s Be Grateful for the Gift of Tax Indexing
The legendary 1981 Reagan tax cut included a little-known provision called tax indexing, which has been saving taxpayers money ever since—far more money than most of us can imagine.
Taxes December 26, 2025
Gov. Ferguson Expresses Support for Income Tax on Millionaires in Washington State
Gov. Bob Ferguson said Dec. 23 the proposal would be tied to reducing sales taxes on baby and hygiene items, expanding the working families tax credit, increasing K-12 school funding, and lowering the key tax rate for small businesses.
Special Section: Guide to 2025 Tax Changes December 23, 2025
2026 Income Tax Filing Guide – An Overview of All of the New Tax Laws – OBBBA
This series of articles spotlights key tax issues and changes made to tax law in 2025 that will affect the 2026 income tax filing season and the years to come, as a result of the One Big Beautiful Bill Act.
Taxes December 23, 2025
IRS Rolls Out Digital Form for Whistleblower Claims
The IRS Whistleblower Office said Dec. 19 that it's making it easier for whistleblowers to report tax cheats to the IRS with the launch of the new digital Form 211, "Application for Award for Original Information."
Taxes December 23, 2025
IRS Says Guidance Forthcoming on Dyed Fuel Excise Tax Refunds
Announcement 2026-01, which was issued on Dec. 22, notes that future IRS guidance will explain the process of how eligible taxpayers can submit a dyed fuel refund claim.
Taxes December 23, 2025
Washington Tax Preparer Gets 18-Month Sentence for Fraudulent Returns
Keith Altamirano, 52, of Vancouver, WA, is already in prison for second-degree attempted murder of his son.
Taxes December 22, 2025
IRS Seeks Comments on Proposed Changes to Voluntary Disclosure Practice
The IRS on Monday opened a 90-day public comment period, which ends March 22, for proposed updates to its voluntary disclosure practice, including a more streamlined penalty framework.
Taxes December 22, 2025
IRS Provides Safe Harbor for Claiming Carbon Capture Tax Credit
Notice 2026-01 provides a safe harbor for businesses that wish to claim the Section 45Q tax credit for qualified carbon oxide captured and disposed of in secure geological storage occurring during calendar year 2025.