Taxes April 7, 2025
IRS Says Average Tax Refund Up Nearly 4% From Last Year
More than 61.5 million Americans have received their annual tax refunds from the IRS, with the average filers getting back about 4% more than they did last year.
Taxes April 7, 2025
Trump Tax Cut, Debt Limit Plan Advances Despite Tariff Turmoil
The Senate passed a measure April 5 that allows congressional Republicans to craft legislation to extend Trump’s 2017 tax cuts for individuals and closely held businesses that expire at the end of 2025.
IRS April 4, 2025
IRS Job Cuts Hit Civil Rights Office
The IRS began implementing a reduction in force Friday that will result in staffing cuts across multiple offices and job categories, with the agency's Office of Civil Rights and Compliance getting the brunt of it.
General News April 4, 2025
Fed Chairman Warns Trump Tariffs Raise Inflation Risks and Could Slow Growth
Federal Reserve Chairman Jerome Powell said Friday that President Donald Trump's "Liberation Day" global tariffs will lead to "higher inflation and slower growth" in the coming months.
Taxes April 4, 2025
Survey Shows How and When Taxpayers File, Common Errors, And How They Spend Their Refunds
More than one-quarter of respondents (28%) noted that filing their taxes incorrectly is a top concern during tax season, and another 14% are concerned about not understanding the tax filing process or requirements.
Taxes April 4, 2025
The Tax Blotter – April 2025
The Tax Blotter is a round-up of recent tax news and Tax Court rulings.
Taxes April 3, 2025
Trump Likens Tariffs to Successful Surgery: ‘The Patient Lived and is Healing’
President Donald Trump, in the wake of his sweeping tariffs announcement on Wednesday, took a victory lap Thursday morning, posting on Truth Social that he had saved the American economy.
Taxes April 3, 2025
Here is the Full List of Trump’s ‘Reciprocal’ Tariffs
These are the nations, many of them staunch U.S. allies, that President Donald Trump has claimed take advantage of the U.S. through unfair trade practices.
Taxes April 2, 2025
President Trump Declares ‘Liberation Day,’ Sweeping Tariffs on Goods Worldwide
In a Rose Garden speech on April 2, Trump said the U.S. would begin applying a universal baseline tariff of 10% on imported goods from all foreign countries.
Mergers and Acquisitions April 2, 2025
Global Tax Management Acquires DuCharme, McMillen & Associates’ State Income Tax Practice
As part of the deal, GTM and DMA have entered into a strategic alliance, and the acquisition complements GTM's existing income tax practice.
Mergers and Acquisitions April 2, 2025
Ryan Acquires Brayn Consulting in Texas
The Dallas-based tax services firm has expanded its income tax practice after acquiring Brayn Consulting, a Houston-based tax firm that specializes in research and development, cost segregation, and green energy income tax incentives.
Taxes April 2, 2025
Washington Gov. Ferguson Says He Won’t Sign a State Budget with a New ‘Wealth Tax’
Washington Gov. Bob Ferguson on April 1 panned budget plans by legislative Democrats for relying on "far too much in taxes," including a new wealth tax he warned could be overturned by courts.