Taxes
Latest News
U.S. Consumer Inflation Outlook Fell Slightly, Fed Survey Shows
KSM Adds Valuation Firm ValueKnowledge in Illinois
How AI is Reshaping the Future of Finance
EY Acquires HR Tech Consulting Firm Jubilant
Trump Tax Cuts Could Cost $10.5 Trillion
The price tag is based on rough, initial estimates from tax and budget specialists because the Trump campaign hasn’t released detailed policy plans for its tax promises.
AICPA Comments on Interaction between Section 266 and Section 163(j)
The Tax Cuts and Jobs Act (TCJA) rewrote section 163(j) to enact significant new limitations on the deduction of “business interest expense.”
Hunter Biden Intends to Change Plea to Guilty in Federal Tax Case
The son of President Joe Biden has been accused of nine misdemeanor and felony offenses. He previously pled not guilty.
Kamala Harris Stops in New Hampshire to Unveil ‘Ambitious’ Small Business Plan
Her proposal would open entrepreneurship to those currently excluded by the high cost of starting a new business.
Maryland Joins IRS Direct File Program For 2025
About 700,000 filers in Maryland are expected to be able to use the free tax filing service from the IRS, state officials said.
Watch Out for These Sales Tax Audit Triggers
Keeping up with sales tax changes can be difficult and, even if you’re careful, your business can be selected for a state audit.
IRS Unsure If Audit Rates for Taxpayers With Incomes Below $400K Comply With Treasury Directive
After the Inflation Reduction Act was enacted, the IRS was ordered to not increase audits on those earning below $400,000 a year.
IRS Issues Regs on Changing Accounting Method For Research Expenses
The regs pertain to the automatic consent to change accounting methods for expenditures paid or incurred after Dec. 31, 2021.