Small Business June 13, 2025
President Donald Trump’s trade war is affecting Americans from buying groceries to paying electric bills, with the cost of bananas, ground beef, and electricity surging to all-time highs.
Taxes June 13, 2025
The lawyer who represented adult film star Stormy Daniels in her court battles against President Donald Trump, was resentenced June 12 to 11 years in prison for dodging taxes and stealing millions of dollars from clients.
IRS June 12, 2025
The former Missouri lawmaker won confirmation on June 12 to be the next commissioner of the IRS, leading an agency that will play a key role in administering new tax breaks if Congress passes the “big, beautiful” reconciliation package.
Taxes June 12, 2025
The reconciliation bill passed by the House would most benefit high earners and reduce financial resources available to the lowest-income households, the Congressional Budget Office said on June 12.
Taxes June 12, 2025
The Treasury Department is considering changing rules to revoke tax-exempt status for colleges that consider race in student admissions, scholarships, and other areas.
IRS June 11, 2025
Danny Werfel, who served as IRS commissioner during the Biden administration, has joined the strategic advisory board of alliant, a Houston-based professional services and consulting firm formerly known as alliantgroup.
Taxes June 11, 2025
The need for fixes risked derailing the reconciliation package containing most of President Donald Trump’s agenda, from tax cuts and border security to spending cuts and a major increase in the nation’s borrowing limit.
Taxes June 11, 2025
The Republican-led House of Representatives was poised Wednesday to tweak some provisions in the sprawling budget bill that ran afoul of the complicated rules allowing the GOP to pass the bill using the arcane reconciliation process.
Taxes June 11, 2025
The former presidential advisor recently slammed the president’s proposed spending bill claiming it will balloon the deficit. Turns out, most Americans agree with his critique, new polling reveals.
Small Business June 11, 2025
The order Tuesday by the U.S. Court of Appeals for the Federal Circuit extends an earlier, short-term reprieve for the Trump administration as it presses a challenge to a lower court ruling last month that blocked the tariffs.
Technology June 10, 2025
E-commerce software-as-a-service provider SHOPLINE announced June 10 a new integration with Avalara to help merchants selling in the U.S. simplify sales tax calculation and filing.
Taxes June 10, 2025
A company that sells automobiles through an auction house claimed a software glitch outside of its control led to the non-filing of Form 8300. Did the Tax Court give the company a pass?