Taxes
Latest News
IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
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IRS Direct File is Now Officially Open for Use in 12 States
The IRS moved the Direct File pilot out of the testing phase, allowing 19 million eligible taxpayers to use the free filing software.
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Fewer People Are Getting Tax Refunds This Year, IRS Stats Show
Compared with a similar point in the tax season the previous year, there have been nearly 6 million fewer refunds, according to the IRS.
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Some States Are Looking to Abolish Property Taxes Entirely
As property values surge, some state lawmakers are hoping to end the property tax. Doing so would not be cheap or easy.
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6 Most Common Errors Made on Retirees’ Tax Returns
Reducing your lifetime tax bill is the goal, so if mistakes were made, an amended return or better planning might be in your future.
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Capital Gains Hikes at the Center of Biden’s Second-Term Tax Agenda
The president's budget proposal is the opening round of a looming tax fight set to consume Washington next year.
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Here Are the Top 10 Tax Expenditures in 2024
If lawmakers want to raise revenue to offset the cost of extending the 2017 tax cuts, these are key targets.
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Alabama Promotes the Great Outdoors with Proposed “Adventure Awaits” Sales Tax Holiday
Qualifying items would not be subject to the state sales and use tax during the adventure awaits sales tax holiday. As with all Alabama tax-free weekends, local jurisdictions may choose to participate — or not.
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AICPA Provides Recommendations for Clarification on Proposed Digital Asset Transactions Regulations
The AICPA recommends that Treasury and the IRS clarify the meaning of important terms and certain examples within the section 6045 proposed regulations.