Income Tax
Latest News
N.Y. Congressman Requests Trump’s Support For Tax Cap Elimination
Chicago Aldermen Give Mayor Brandon Johnson’s $300M Property Tax Plan the Boot
Some Enrolled Agents Have Until Jan. 31 to Renew Their Status, IRS Says
Rho Launches Partner Portal Specifically For Accountants
IRS Failed to Audit Trump During Presidency
Donald Trump was the first major party presidential candidate in decades to refuse to release his returns to the public during his 2016 campaign.
Marijuana Sales Drop in Washington State for First Time Since Legalization
After voters in Colorado and Washington approved ballot measures to legalize the recreational use and sale of small amounts of cannabis in 2012, the first retail cannabis stores opened in 2014.
If I Were the IRS Commissioner…
If the IRS were to change its filing dates so that 1/12 of the taxpayers had tax returns due each month, instead of 100% of the taxpayers having tax returns due in the same month...
Treasury Sets Tight Deadline for Getting Out Guidance on Inflation Reduction Act Tax Provisions
Before year’s end, Treasury said it will release information on the tax provisions contained in the legislation.
Suspected Digital Holiday Shopping Fraud in U.S. Increases 127%
18% of e-commerce transactions between Nov. 24 and Nov. 28 in the U.S. were suspected to be fraudulent.
IRS Says Early Tax Filers Should Wait and File Later in 2023
The word of caution from the IRS comes due to a change in how the tax agency issues 1099-Ks.
IRS Puts Out Guidance on New Sustainable Aviation Fuel Credit
It applies to a qualified fuel mixture containing sustainable aviation fuel for sales or uses in calendar years 2023 and 2024.
Sam Bankman-Fried Prepared to Be Extradited to U.S. as Soon as Monday
The disgraced FTX co-founder is expected to disclose in court today that he won’t fight extradition.