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 July 28, 2025
4 Rich Colleges Dodged a Big Trump Tax—and May Have an Unlikely Ally to Thank
Four small wealthy and elite private colleges in Massachusetts may have a conservative college in the Midwest in part to thank for escaping a hike in an endowment tax under President Donald Trump’s tax law.
Taxes July 28, 2025
Trump Says Surprise Rebate Checks Could be Coming Thanks to Tariff Revenue
President Donald Trump on July 25 said that he’s considering issuing rebate checks to Americans that would be paid out of the revenue generated by increased tariffs on other countries
Taxes July 25, 2025
Advanced Section 1202 (QSBS) Planning for S Corporations
Section 1202 provides for a substantial exclusion of gain from federal income taxes when stockholders sell qualified small business stock (QSBS).
Taxes July 25, 2025
IRS Sets July 29 Deadline to Revalidate Business Tax Account Access
Business Tax Account designated officials must revalidate their accounts by July 29 in order to maintain access, the IRS said on Wednesday.
Small Business July 25, 2025
Some Small Business Owners Sweating Impact Trump Tax Law Will Have on Their Bottom Line
Business owners have shared concerns about cuts to Medicaid and other health care programs, while the U.S. Chamber has praised the new law as pro-growth.
Taxes July 25, 2025
Trump’s Big Bill Boosts Micron’s Tax Break for Chip Plants by About $5 Billion
The bill increases an existing investment tax credit from 25% to 35% for semiconductor manufacturers who build new plants in the United States.
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Taxes July 25, 2025
Bloomberg Tax & Accounting Adds Enhanced AI Assistant Features
This chat-based research tool is designed to streamline and speed up tax and accounting research, making the process more efficient and user-friendly.
State and Local Taxes July 25, 2025
Taking a Look at the New SALT Deduction
Now that the 2025 federal tax bill has been signed into law, it’s appropriate to revisit one of its most news-making elements: the federal deduction for state and local taxes.
Taxes July 24, 2025
IRS Slot Machine Jackpot Threshold is Going Up, Experts Say
The slot reporting threshold is governed by an IRS regulation, so the change will not go into effect until the agency updates its rules.
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Taxes July 23, 2025
AI Tax Platform April Raises $38 Million in Funding
With core infrastructure in place, april is now focused on delivering the most connected tax software to enable millions of Americans to forecast, optimize, and file their taxes.
Taxes July 23, 2025
IRS Gives Tax Filing Relief to Those Impacted by May St. Louis Tornado
The IRS recently announced tax relief for individuals and businesses located in the city of St. Louis and St. Louis and Scott counties in Missouri after an EF3 tornado caused widespread destruction on May 16.