Taxes
Latest News
An Increase in Customer Theft is Increasing Restaurant Prices
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
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Tax Court Says Group Overshot on the Augusta Rule
If the rental period lasts 14 days or less—in other words no more than two weeks—you don’t have to report any of the taxable income to the IRS On the other side of the coin, the rental expenses aren’t tax-deductible, either.
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Tax Relief for Fire Victims Clears Major Hurdle with House Vote
The measure was approved 357-70 by the House of Representatives as part of a bipartisan tax deal that included fire victim tax relief.
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IRS Says It Won’t Change Decision to Tax Minnesota Rebate Checks
The state’s rebates didn’t fall under the category of general welfare or disaster relief, both of which can be excluded from federal taxes.
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H&R Block’s New ‘Direct Import’ Feature is Another Swipe at Tax-Prep Rival TurboTax
Competition between the two software makers has intensified in the lead-up to the 2024 tax season, which started on Jan. 29.
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House Passes Bipartisan Tax Bill Without SALT Changes
The bill would devote about $33 billion to reviving a trio of business tax breaks and roughly the same amount to expand the child tax credit.
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Five Tax Breaks Often Overlooked By Small Business Owners
Did you know you could get a break on your company’s taxes by hiring your kids? Here are other tactics to help you lower your business’ taxes.
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U.S. Sales Tax Rate Changes Hit 10-Year High
In 2023, businesses faced 444 sales tax rate changes spanning state, county, city and district jurisdictions, marking a 17% rise from last year's combined rate changes. This surpasses the former record of 412 rate changes witnessed in 2017.
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Trump Tax Leaker Gets 5 Years in Prison
Charles Littlejohn had pleaded guilty to stealing Donald Trump’s tax records from the IRS and leaking them to the New York Times.