Taxes March 24, 2025
An Idea That Never Quite Disappears: Taxing Wealth
A wealth tax could bring states a lot of revenue. But voters don’t like it, even though few of them would have to pay.
Taxes March 24, 2025
As of Mid-March, IRS Says Tax Returns Filed Are Down, But the Average Tax Refund Amount is Up
The number of tax returns that have been filed with the IRS is down 1.7% compared to this time last year, but the average tax refund amount is up 5.2% according to the agency's latest 2025 tax season data.
General News March 21, 2025
Is Homeland Security Using IRS Agents to Help with Deportations?
The news that the Department of Homeland Security has pressured the Internal Revenue Service to help with immigration enforcement actions has stirred up more concerns of potential mass deportations in Fresno and the Central Valley.
Taxes March 20, 2025
Trump Administration Confirms It Will Ask IRS for Information on Undocumented Taxpayers
The Trump administration acknowledged on March 19 in federal court that it is seeking confidential information from the IRS on immigrants, which could result in the deportation of undocumented immigrants.
Taxes March 19, 2025
5 Top Trending Tax Questions During the 2025 Filing Season
Cryptocurrency gains, remote work tax implications, and NFT reporting rules are among the many topics taxpayers are asking accountants questions about this tax season, according to new data from expert platform JustAnswer.
Taxes March 19, 2025
Child Tax Credits, a Longtime Liberal Priority, Find Favor in Republican States
If an Indiana or Ohio bill passes, it would mark the first time a GOP-led state implemented a refundable child tax credit.
Taxes March 18, 2025
Michigan House OKs Cut to State’s Personal Income Tax Rate
The Michigan House on Tuesday voted 65-43 to lower the state's income tax rate from 4.25% to 4.05%, with several Democratic lawmakers joining Republicans in support of the measure.
Taxes March 18, 2025
Gen Zers and Millennials Panic the Most About Taxes, Survey Finds
A new survey from CNET reveals that 44% of tax filers have anxieties and fears about filing their taxes, with Gen Z and millennials freaking out the most at 51% and 48%, respectively.
Taxes March 18, 2025
2025 Tax Changes Could Upend Clients’ Financial Goals, CFPs Warn
With key Tax Cuts and Jobs Act provisions set to expire at the end of this year, most Certified Financial Planner professionals say clients' retirement and financial plans could be at risk, according to new research by the CFP Board.
Tax Planning March 18, 2025
The Death of a CPA: What Happens to the Firm? Time to Make a Plan
You will die one day. What if it happens before you retire? CPAs should have a formal succession plan that addresses how the sale or termination of the practice (retirement, incapacity, or death) will be handled.
Taxes March 18, 2025
Illinois Doctor Pleads Guilty to Evading Approximately $1.6M in Taxes
An Illinois doctor has pleaded guilty to tax evasion for hiding assets and lying to the IRS about his ability to pay approximately $1.6 million in taxes, penalties, and interest.
Payroll March 18, 2025
Child Care for Infants is More Expensive than College in 38 States, Shows Study
In addition, child care is more expensive than rent in 17 states and Washington D.C., showing that child care is one of the biggest expenses families face.