Taxes

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Latest Taxes News

How Senate Rules Could Slow Down Any GOP-Trump Tax Cuts

Soon after the 2024 elections results rolled in, the speculation began about what they might mean—especially when it comes to…

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In Lawsuit Settlement Agreements, Tax Language Is Very Important

Almost every legal settlement includes a full release of claims. A release may recite some of the plaintiff's claims, but…

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State Election Outcomes Mixed On Property Tax, Cannabis, And Other Ballot Measures

While federal tax questions have dominated the headlines this election cycle, state and local taxes can significantly impact individuals and…

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Sales Taxes On Halloween Candy Can Be More Trick Than Treat

Halloween spending is expected to reach $11.6 billion in 2024, just shy of last year's record-breaking spooky season—that works out…

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It’s Time For Tax Pros To Renew Their Preparer Tax Identification Number (PTIN)—Here’s How

Even though tax returns on extension were filed just a few days ago, the IRS is already thinking about the…

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Al Capone Found Guilty Of Tax Evasion On This Day In 1931

On this day in 1931, Al Capone was found guilty of tax evasion. The gangster, who had reportedly boasted, “They…

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IRS Announces Direct File Program Will Be Available In Twice As Many States In 2025

The U.S. Department of the Treasury and the IRS have announced that the number of states offering Direct File will…

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IRS Introduces Process For Third-Party Payers To Withdraw Bad Employee Retention Credit Claims

The IRS is not backing down on efforts to stem the tide of what it believes to be erroneous or…

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As The Corporate Transparency Act Deadline Creeps Closer, FinCEN Updates Guidance

The Corporate Transparency Act—or CTA—requires reporting companies to file reports with the Financial Crimes Enforcement Network (FinCEN). The deadline for…

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Hyper-Targeted Tax Breaks Are A Troubling Campaign Trend

Both Donald Trump and Kamala Harris are promoting a troubling idea: Hyper-targeting tax subsidies to narrowly favored activities or occupations.…

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