Taxes
Latest Taxes News
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…
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…
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…
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.…
Kamala Harris’ 28% Capital Gains Tax Plan Is A Surprise. Here’s Why
Vice President Kamala Harris has proposed a 28% tax on long-term capital gains for Americans who earn $1 million or…
Guide to Capital Gains Taxes on Commercial Properties
Capital gains tax on commercial property can vary depending on factors like the length of ownership and the taxpayer’s income…
Kamala Harris Supports Tax on Unrealized Capital Gains: What It Means for Wealthy Households
The Kamala Harris campaign has made one of its first concrete policy proposals this week with a tax plan. The…
Michigan Supreme Court Rules In Favor Of Homeowners In Years-Old Foreclosure Fight
In 2014, then-83-year-old Uri Rafaeli, a retired engineer in Michigan, underpaid his property taxes by $8.41. That was all it…
Trump Calls For Eliminating The Income Tax On Social Security Payments
When Donald Trump broached the idea of getting rid of federal income taxes on Social Security payments, critics immediately dumped…
Essential Businesses Bear The Brunt Of ERC Denials, Tax Pros Say.
The Employee Retention Credit (ERC) – sometimes called the Employee Retention Tax Credit or ERTC – is a refundable tax…
