Taxes April 17, 2026
Mamdani Made More Than $1,600 in Rapping Royalties Last Year, Tax Return Shows
New York City Mayor Zohran Mamdani made $1,643 in royalties from his now-defunct rap career last year, a copy of his tax return shows.
Taxes April 17, 2026
Income Tax Elimination Plan Moves Closer to Ballot in Missouri
Gov. Mike Kehoe’s plan to ask Missouri voters to replace the state’s income tax with sales and use taxes advanced out of the Senate early Thursday, putting his top-tier issue one step closer to being on the November ballot.
Taxes April 17, 2026
Hawaii Income Tax Cuts Hang in Balance as Legislative Session Nears End
Hawaii Gov. Josh Green wants annual tax cuts slated for 2027 through 2031 repealed for all taxpayers in order to preserve revenue he said is needed to offset federal cutbacks over several years.
Technology April 16, 2026
K1x Secures Outside Investment From Sumeru Equity, Edison Partners
K1x, an AI-native private markets tax data platform, announced Thursday the closing of a $175 million growth investment led by technology-focused private equity firm Sumeru Equity Partners, with additional investment from Edison Partners.
Accounting April 16, 2026
Connecticut Accountant Gets Three Months in Prison for $1.3 Million Tax Evasion Scheme
Edward Sodlosky, 72, was sentenced in federal court in New Haven to three months in prison and one year of supervised release for tax evasion. He was also ordered to pay a $50,000 fine.
Taxes April 16, 2026
Mamdani Lauds New York Gov. Hochul’s Pied-à-Terre Tax, Which Would Bring in $500 Million a Year to NYC
The tax on expensive secondary residences in New York City represents a safe middle ground between Zohran Mamdani’s tax-the-rich proposals and Kathy Hochul’s more moderate standpoint on taxes.
Small Business April 16, 2026
Vendors, Gig Workers, and Therapists Push Back on Philadelphia’s ‘Very Unfriendly’ Business Tax
One therapist's Business Income and Receipts Tax increased to more than $5,700 this year. "It exorbitantly affects my business," she said.
Taxes April 15, 2026
Several States Didn’t Report Losses From Data Center Tax Breaks, Study Says
The lack of disclosure comes as some states report losing more than $1 billion per year to data center incentives.
Taxes April 15, 2026
IRS Reminds Tax Pros About the Alternative Media Center
Tax professionals and their clients can access hundreds of tax forms, instructions, and publications in alternative formats through the IRS Alternative Media Center, the tax agency said earlier this month.
Taxes April 15, 2026
IRS Launches New Text Chat for Taxpayers Outside the U.S.
The IRS said earlier this month that it has launched a live text chat, a no-cost alternative to the traditional toll telephone line for international taxpayers.
Taxes April 15, 2026
How the Biggest COVID Fraudster in the Country Swindled His Tax Clients, Too.
New Jersey tax preparer Leon Haynes ran what prosecutors called the largest COVID-19 tax relief fraud case ever tried in the U.S.
Taxes April 15, 2026
Ex-Connecticut Tax Preparer Gets 18-Month Prison Sentence for Filing $1.06M in False Returns
Diana Miller-Lloyd, 45, of Port Orange, FL, who was convicted of preparing false tax returns while running a Connecticut-based tax preparation business, was sentenced Tuesday to a year and six months in prison.