Income Tax June 3, 2026
The IRS’s ‘New’ Syndicated Conservation Easement Settlement Offer: Deja Vu All Over Again?
According to the IRS, this settlement initiative is a great deal, and taxpayers should jump on it. But is it deja vu all over again?
Taxes June 3, 2026
San Diego Voters Reject Measure That Would Heavily Tax Second Home
A highly divisive measure that would impose a hefty tax on the owners of second homes that lack a full-time resident failed to garner majority support from San Diego voters Tuesday night.
IRS June 3, 2026
Trump to Drop $1.8 Billion Fund in IRS Deal, But Tax Probe Ban Stays, Blanche Says
The Trump administration is moving to drop controversial plans for a $1.8 billion fund to pay victims of alleged government “weaponization,” but will still provide immunity from any probes into the president’s past tax filings under an agreed-to deal.
Taxes June 3, 2026
North Carolina Lawmakers Want to Place a 50% Tax on Pornographic Materials
North Carolina lawmakers on Tuesday proposed implementing a 50% excise tax on pornography or other “prurient material” to fund efforts to stop human trafficking and domestic violence.
Taxes June 2, 2026
Florida Legislature Sends Property Tax Overhaul to Voters After Including Protections for Schools
The proposal will ask Florida voters in November to provide a $250,000 exemption on homesteaded properties, a move that would radically overhaul how local governments raise and spend money.
Taxes June 2, 2026
Illinois Lawmakers Pass $56B Budget Funded by New Business Taxes
Illinois lawmakers approved the state budget early Monday morning after slogging through the night, enacting new taxes on businesses and authorizing less spending than what Gov. JB Pritzker proposed in February.
Taxes June 2, 2026
Missouri Ballot Issue to End Income Tax is Lawful, Judge Says, in Win for GOP
A Missouri judge on Monday upheld the ballot language of a Republican plan to replace the state’s income tax with expanded sales taxes in a key win for Republican lawmakers.
Taxes June 2, 2026
Florida Lawmakers Protect Schools From DeSantis’ Property Tax Plan
State lawmakers also gutted a proposal to spend $5.5 million alerting property owners about the ballot amendment.
IRS June 1, 2026
Trump to Scrap $1.8B ‘Anti-Weaponization Fund’ Amid Broad Opposition
President Trump Monday was reportedly planning to scrap his $1.8 billion “anti-weaponization” fund, which was portrayed as a settlement to a $10 billion lawsuit he filed against the IRS.
IRS June 1, 2026
IRS Introduces Look-Back Interest Calculator for Long-Term Contracts
The IRS has unveiled a new Excel-based calculator to help businesses working on large, multi-year construction or manufacturing projects calculate the interest related to those contracts.
IRS June 1, 2026
Trump Ordered to Address ‘Grievous’ Fraud Claims in IRS Case
A federal judge ordered President Donald Trump to respond to “grievous allegations” that his deal with the government to create a $1.8 billion fund to resolve his lawsuit against the IRS was the result of a “fraud” on the court.
Small Business June 1, 2026
U.S. to Appeal Judge’s Order for Broad Refund of Trump Tariffs
The Trump administration said it will appeal a judge’s authority to order across-the-board refunds of all tariffs ruled illegal by the U.S. Supreme Court.