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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3 Tax-Smart Tactics for Clients With $1 Million or More in Tax-Deferred Investments
Here are some tax planning strategies on how you can keep more of that $1 million for yourself and away from Uncle Sam.
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IRS Launches Tax Professional Awareness Week
The special week is the IRS' latest effort in support of taxpayers and the tax community. Each year, millions of taxpayers seek the help of tax professionals to prepare their federal tax returns and other filings.
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Vegas CPA Gets Prison for Bribery and Tax Fraud
Guilty of conspiring with, and paid a public official with the U.S. Department of Interior’s Bureau of Reclamation more than $150,000 in bribes and kickbacks.
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Key State Tax Changes for 2024
As of Jan. 1, several state tax reforms have gone into effect that can impact your finances. Here's a recap of some significant changes.
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2024 State-by-State List of Sales Tax Holidays
A sales tax holiday is a time when consumers don’t pay sales tax on eligible purchases of certain normally taxable goods. A vacation from sales tax, if you will.
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Florida Sales Tax Holiday Runs from Jan 1 to Jan 14
According to the Tax Foundation, Florida has an average combined state and local tax rate of 7.02%. See Kiplinger’s tax guide for more information about other taxes in Florida.
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Only 13 Electric Cars Now Qualify for $7,500 EV Tax Credit
The new rules exclude from the tax credit vehicles that use battery components made by Chinese manufacturers.
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TikTok Ban Not Fully Enforced at the IRS, Report Finds
Hundreds of IRS-CI employees still had access to TikTok months after the app was banned from all government devices, TIGTA said.