Payroll Taxes October 7, 2026
Tax Court Upholds 100% Penalty in Payroll Tax Case
A business owner may be held personally for unpaid payroll taxes due to a willful failure.
Taxes October 7, 2026
Tax-Free Red-Dyed Diesel Order Unlikely to Stem Red Ink From High Prices
A White House bid to address sky high fuel prices by allowing temporary expanded use of untaxed diesel will have a limited impact on businesses and consumers feeling the pain at the pump, experts say.
Technology October 7, 2026
Wolters Kluwer Adds Agentic Tax Preparation to TaxWise
Agentic tax preparation capabilities are now available within TaxWise, designed to help tax preparers automate routine preparation work, improve productivity, and increase return preparation capacity.
Taxes October 7, 2026
Trump Says He’s Considering Gas Tax Suspension to Ease Costs
President Trump said that he is weighing a potential suspension of the federal gas tax, as his administration looks for ways to ease high energy costs ahead of November’s midterm elections.
Taxes October 6, 2026
Senate Dems Call on IRS to Drop Citizenship Question From 1040 Form
Nearly a dozen Senate Democrats are urging IRS CEO Frank Bisignano to drop a newly proposed citizenship and work authorization checkbox from the final version of the 2026 Form 1040.
Taxes October 6, 2026
Key IRS Deadline Looms for as Many as 20 Million Tax Filers
As many as 20 million Americans—roughly 15% to 20% of all filers—ask for tax extensions each year. The Oct. 15 extension deadline is now upon us.
IRS October 5, 2026
IRS Gets Rid of 71 Pieces of Old Tax Guidance
The IRS is obsoleting a total of 71 revenue rulings, revenue procedures, notices, and announcements previously published in the Internal Revenue Bulletin as part of the Trump administration’s push to reduce regulations.
Taxes October 5, 2026
Federal Education Tax Credit Rules Are Finally Here. What We Know So Far
Ahead of the January launch, the Treasury Department unveiled regulations governing a massive infusion of education funding nationwide.
Taxes October 5, 2026
Colorado Voters Weigh a Tax Transformation
For nearly 40 years, Colorado has been one of relatively few states—only 15, as of this year—to have a flat income tax. That may soon be changing.
Taxes October 5, 2026
Voters to Decide Fate of State Taxes This Fall
At least nine states are putting tax policy directly in voters’ hands.
Legislation October 5, 2026
Is Congress On the Right Track with Its Proposed EV Tax?
A bipartisan bill in Congress could add a new tax for electric vehicles just as there is a renewed push to move away from gas-powered cars.
Taxes October 2, 2026
Tax Court Forces Guitar Collector to Change His Tax Tune
The absolute necessity for accurate recordkeeping by both individuals and corporations cannot be overemphasized.