Income Tax
Latest News
81% of Business Owners Have Some Optimism for 2025 Economic Outlook
Opsahl Dawson Merges in Hauser Jones & Sas
Intuit Assist for QuickBooks Adds Gen-AI Financial Assistant to Power Business Growth
Bridging the Accounting Profession’s Generational Gap Requires Purpose-Driven Strategy Steeped in Innovation and Adaptability
Japanese Restaurant Owner Avoids Raw Tax Deal
A taxpayer in a recent Tax Court case tried to use the "Cohen rule" from an age-old case to escape out of a tax jam.
Intuit and H&R Block Stocks Fall on Report of ‘DOGE’ Interest in Tax App
The Washington Post reported that leaders of the new "Department of Government Efficiency" have discussed creating a tax filing app.
Opinion: Trump is Right—Expat Taxes Are Too Complicated
Simplifying the tax code for U.S. citizens working abroad would benefit both those Americans and America itself.
IRS Cuts Tax Interest Rates For Q1 of 2025
For the first time since 2020, interest rates for tax overpayments and underpayments will be lower than the previous quarter.
Eligible IRA Owners Can Deduct Up to $105,000 in Charitable Donations For TY 2024
IRA owners age 70½ and older can make up to $105,000 in tax-free charitable donations during 2024 through qualified charitable distributions. That’s up from $100,000 in past years.
Republican Election Sweep Emboldens Trump’s Tax Cut Dreams
The incoming Republican majorities in the House and Senate mean Trump can enact a tax bill without making concessions to Democrats.
Some Enrolled Agents Have Until Jan. 31 to Renew Their Status, IRS Says
EAs with a Social Security number ending in 0, 1, 2, or 3 must renew their status before their current enrollment expires March 31, 2025.
April Launches New Tax Filing Solution to Tackle Complex Financial Situations
April introduced AprilPro, an AI-powered solution to meet the evolving needs of taxpayers who have intricate tax situations.