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.
Taxes June 22, 2026
Sovereign Wealth Fund Tax on AI Companies Unveiled by Sanders
Newly released text offers details on legislation from progressive Sen. Bernie Sanders, I-Vt., for the federal government to take a 50% share in leading artificial intelligence companies.
Taxes June 22, 2026
Trump’s New U.S. Tariff Wall Shakes Up Winners, Losers Lineup
The Trump administration wants the rebuilt wall of import taxes to mirror those the president put on every major trading partner at the beginning of his second term.
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.
Taxes June 18, 2026
Confusing CP53E Notices from IRS Results in AICPA Requesting Adjustments and Offering Recommendations on Their Use
Many taxpayers were confused by the IRS notices, which some received simply for requesting overpayments be applied to next year's taxes.
Taxes June 18, 2026
Controversial California Billionaire Tax Proposal Declared Eligible for the November Ballot
A proposal to tax California billionaires to fund healthcare has tentatively qualified for the November ballot, setting the stage for a more intense and expensive battle over whether the state should squeeze the ultra-rich.
Taxes June 18, 2026
California Legislature Keeps ‘Hand Grenade’ Corporate Tax Proposal Alive for Next Governor
If accepted by Gov. Gavin Newsom, the state Department of Finance will be required to draft plans for lawmakers to tax corporations whose employees depend on Medi-Cal for health insurance coverage.
Benefits June 18, 2026
A Simple Change Could Reshape Social Security’s Future, O’Malley Says
Former Social Security Commissioner Martin O'Malley says raising the cap on income subject to Social Security payroll taxes could help address the system’s looming financial challenges.
Taxes June 17, 2026
Treasury Department Says Expect Guidance Soon on New Scholarship Tax Credit
The Treasury Department last week previewed guidance expected to be released this fall on the new federal scholarship tax credit enacted as part of the One Big Beautiful Bill Act.
Taxes June 17, 2026
Pritzker OKs $56 Billion Illinois Budget with New Taxes on Social Media, Crypto, Digital Ads
Illinois Gov. JB Pritzker on Tuesday gave his approval to a nearly $56 billion spending plan that factored in both a windfall from the state’s gas sales tax and a number of election-year tax breaks.