Income Tax January 20, 2026
2026 Tax Season Checklist
Every taxpayer’s situation is different depending on how they earn taxable income, so here’s a list of the most common forms to watch for.
Taxes January 20, 2026
Explaining California’s Billionaire Tax: The Proposals, the Backlash and the Exodus
The battle over a new tax on California's billionaires is set to heat up in the coming months as citizens spar over whether the state should squeeze its ultra-rich to better serve its ordinary residents.
Taxes January 20, 2026
Americans Bear Almost All the Cost of Trump Tariffs, Study Shows
“The tariff functions not as a tax on foreign producers, but as a consumption tax on Americans,” researchers from the Kiel Institute for the World Economy wrote in a new report.
Taxes January 19, 2026
Tax Court Halts Deduction for Conservation Easement
With a huge amount of tax dollars at stake, it is important to strictly adhere to the rules for qualified appraisals. Don’t be overly greedy.
Taxes January 19, 2026
Florida Governor Candidate Suggests 50% OnlyFans Tax
Far-right gubernatorial candidate James Fishback is looking to institute a so-called “sin tax” of 50% on income generated from OnlyFans, the popular online streaming service known for adult content.
Technology January 18, 2026
Canopy Adds AI-Powered Tax Prep Through New Filed Integration
Canopy has announced the addition of AI-powered tax preparation to its accounting practice management software through a new integration with AI tax prep platform Filed.
Taxes January 16, 2026
Sports Stadium Deals Hand Even More Taxpayer Money to Billionaires
Stadium deals in Washington, D.C. and Kansas— both involving relocations within the same metropolitan area—have set separate records for taxpayer subsidies to sports teams.
Taxes January 16, 2026
Massachusetts Senate Kills Boston Mayor’s Tax Shift Plan, OKs Alternative ‘Tax Shock’ Bill
Boston Mayor Michelle Wu's push to increase commercial tax rates was defeated again by the state Senate on Jan. 15.
Taxes January 15, 2026
IRS Posts Interim Rules on Permanent 100% Additional First-Year Depreciation Deduction
The Treasury Department and the IRS released interim rules on the additional first-year depreciation deduction for eligible depreciable property acquired and placed in service after Jan. 19, 2025, provided by the One Big Beautiful Bill Act.
Technology January 15, 2026
TaxStatus Rolls Out Tax Prep Checklist and Tax Return History Tools
TaxStatus has launched two new productivity tools designed to help financial advisors, accountants, and tax preparers improve accuracy, efficiency, and client readiness ahead of the 2025 filing season.
Taxes January 15, 2026
Missouri Governor to Voters: Swap Income Taxes for More Sales Taxes
Gov. Mike Kehoe wants Missouri voters to phase out the state's income tax and fill the resulting $9 billion budget hole with an expansion of the state’s sales tax base.
Taxes January 14, 2026
6 Airplanes Seized by IRS at Private Maine Airport
The planes were seized from Thomas Shaughnessy, who has been "uncooperative" with the IRS as it attempts to collect the just over $1.6 million he owes from 2014, according to court records.