Taxes February 6, 2026
IRS Issues Proposed Rules on Clean Fuel Tax Credit
The Treasury Department and the IRS released proposed regulations Feb. 3 on the clean fuel production credit under the One Big Beautiful Bill Act.
Taxes January 25, 2023
Highlights of the SECURE Act 2.0 for Businesses
The new SECURE Act 2.0, enacted late last year as part of a spending measure, features several notable provisions affecting individuals saving for retirement.
Taxes January 25, 2023
Manchin Floats Bill to End EV Tax Credits for Unqualified Cars
Treasury missed a Dec. 31 statutory deadline to release proposed rules for the new credits.
Payroll January 25, 2023
Maine Man Gets 33 Months in Prison for Misusing PPP Funds
He admitting using more than $300,000 from two loan programs authorized by Congress during the COVID-19 pandemic for bail on a theft charge in Florida.
Taxes January 24, 2023
IRS to Use ‘Digital Assets’ Instead of ‘Virtual Currency’ on 2022 Forms 1040
A question regarding digital assets must be answered by all taxpayers on their 2022 income tax returns.
Accounting January 24, 2023
Five Reasons Cannabis Organizations Should Outsource Their Accounting in 2023
Outsourcing accounting functions not only simplifies their financial responsibilities and allows them to focus on other business functions, but also strengthens compliance with tax and legal regulations.
Taxes January 23, 2023
Supreme Court Shoots Down Appeal on Use of COVID Aid for Tax Cuts
Several GOP-led states sued after President Biden signed the American Rescue Plan Act into law in 2021.
Taxes January 23, 2023
Arizonans Renting Homes During Super Bowl May Need a Permit and Face a Rental Tax
Short-term rental hosts that don’t already have an Arizona transaction privilege tax (TPT) license will need to obtain one from the Arizona Department of Revenue. A local business license may also be required.
Taxes January 23, 2023
Some States Are Considering Shelving the Grocery Tax
Five of the 13 states where groceries were taxed as of last Jan. 1 passed laws to eliminate or ease the pinch.
Taxes January 23, 2023
Trump Ends NY Tax Return Fight Because GOP ‘Has No Interest’
Latest filing from Trump’s lawyer cited the TRUST Act and the recent change in political circumstances.
Taxes January 23, 2023
Abolish Income Taxes? Idea Gains Some Traction in Congress
House Republicans recently introduced “Fair Tax” legislation that will likely stall in the Senate.
Taxes January 23, 2023
Will the Increase in the Teacher Tax Deduction Really Help Educators Much?
Tax pros and educators agree: Even with this year’s increase from $250 to $300, the deduction falls short.
Taxes January 23, 2023
Tax Pros Help Clients Deal with Smaller Refunds
Refund amounts are expected to fall this year due to the end of pandemic-related tax breaks.