Taxes August 19, 2026
IRS Posts Updated Fact Sheet on Business Interest Expense Deduction Limit
The IRS said Aug. 19 that it has updated frequently asked questions about the limitation on the deduction for business interest expense.
Taxes August 19, 2026
Carried Interest Tax Hike Would Barely Dent Federal Debt, Analysis Finds
High cost, low benefit. That’s the projected impact from a proposed tax hike on carried interest, according to an analysis from the Tax Foundation.
Taxes August 19, 2026
New York City Council Outraged by Mamdani Administration’s No Show at Pied-à-Terre Hearing
The Mamdani administration was accused by City Council members of putting a “scarlet letter” on homeowners facing the extra surcharge.
Taxes August 18, 2026
Mamdani Administration Skipping NYC Council Hearing on Pied-à-Terre Tax, Sparking Criticism
The move is coming under fire from local reps as it allows administration officials to dodge critical questions about the controversial surcharge.
Small Business August 18, 2026
Column: Small Businesses Despise Trump’s Tariffs—for Good Reason
This explains the odd spectacle of American toymakers, spice importers, wine merchants, and baby retailers being the voice of the tariff resistance in the courts.
Taxes August 17, 2026
Billionaire Mark Cuban Blasts ‘Insane’ Ro Khanna Wealth Tax Proposal
Cuban lashed out at Silicon Valley Congressman Ro Khanna over the Democratic lawmaker’s proposal that the government should lend money to billionaires with large paper fortunes to help them pay wealth taxes.
IRS August 17, 2026
Treasury, IRS Provide Guidance on Paid Family and Medical Leave Tax Credit
The One Big Beautiful Bill Act makes the tax credit permanent and expands eligibility and coverage for businesses offering paid family and medical leave benefits to employees.
IRS August 17, 2026
IRS-CI Isn’t Playing Games with Illegal Sports Gambling
In an announcement last week, the IRS Criminal Investigation unit warned that illegal sports gambling often fuels other financial crimes, such as tax evasion and money laundering.
Taxes August 14, 2026
Florida Property Tax Proposal Lacked Transparency, State’s Attorney General Says
James Uthmeier said the property tax proposal “could certainly have been rolled out with greater transparency” and the involvement of “key stakeholders” like law enforcement.
Taxes August 14, 2026
NYC Can Keep Rolling Out the Pied-à-Terre Tax, at Least for Now, Judge Rules
New York City can move forward with its implementation of a tax on luxury second homes, a state appeals court judge ruled—at least until a court hearing at the end of the month.
Taxes August 14, 2026
Californians Split on Proposed Tax on Billionaires, Poll Shows
California voters are sharply divided over a ballot measure to impose a one-time tax on billionaires to help fund healthcare programs, according to a poll released Friday.
Taxes August 14, 2026
Google Co-Founder Sergey Brin Pours Over $100 Million Into Fighting California Billionaire Tax
Google co-founder Sergey Brin has poured $102 million this year into Building a Better California, a group that's funding two ballot measures that could block a billionaire tax.