General News March 26, 2025
Trump Announces 25% Tariff on All Imported Cars
President Donald Trump announced 25% tariffs on autos not produced in the United States on Wednesday afternoon.
IRS March 26, 2025
IRS-CI Has Kept Busy Investigating COVID, ERC Fraud Cases
The IRS Criminal Investigation unit has launched 2,039 tax and money laundering cases related to COVID fraud, with attempted fraud in these cases totaling $10 billion, since the CARES Act was signed into law in March 2020.
Taxes March 26, 2025
Survey: Some Americans Might Roll the Dice on Not Filing Their Taxes This Year Due to IRS Job Cuts
Disruptions at the IRS have some people, especially millennials, thinking about cutting corners on their taxes, while some are considering forgoing filing altogether, according to Intuit Credit Karma.
Taxes March 26, 2025
Senate Finance Panel Advances Oz Nomination to Lead CMS Despite Dems’ Tax Concerns
The Senate Finance Committee on Tuesday advanced Dr. Mehmet Oz to lead the Centers for Medicare and Medicaid Services by a vote of 14-13, splitting along party lines.
General News March 26, 2025
Hawaii to Charge EVs a Road Usage Tax Starting July 1
Revenue generated by Hawaii’s gas taxes is declining because more Hawaiians are driving electric and hybrid vehicles. The RUC is designed to provide “fair, long-term, sustainable funding for Hawaii’s roads,” according to the Department of Transportation.
Taxes March 26, 2025
ION Partners with Avalara to Tackle Tax Compliance Risks in Energy Trading
The integration will offer energy companies an automated, more accurate, and scalable tax compliance solution, enabling real-time tax calculation, reducing reliance on manual processes, and minimizing errors.
Taxes March 25, 2025
IRS Cuts May Cost $500 Billion in Lost Tax Revenue as Taxpayers Exploit System
Cuts to IRS staffing and taxpayer behavior are contributing factors in the anticipated revenue decline.
Taxes March 25, 2025
‘Real Housewives of N.J.’ Star and Husband Face Over $3 Million in Tax Liens
Records show Teresa Giudice owing a sum of $303,889.20 and husband Luis Ruelas owing nearly $2.6 million. Ruelas was issued another tax lien back in December for an amount of $163,523.94.
Income Tax March 25, 2025
AICPA Responds to Proposed Regulations under SECURE 2.0
This requirement generally applies to 401(k) and 403(b) plans established after Dec. 29, 2022, the date the SECURE 2.0 Act became law, with exceptions for new and small businesses, church plans, and governmental plans.
Taxes March 24, 2025
An Idea That Never Quite Disappears: Taxing Wealth
A wealth tax could bring states a lot of revenue. But voters don’t like it, even though few of them would have to pay.
Taxes March 24, 2025
As of Mid-March, IRS Says Tax Returns Filed Are Down, But the Average Tax Refund Amount is Up
The number of tax returns that have been filed with the IRS is down 1.7% compared to this time last year, but the average tax refund amount is up 5.2%, according to the agency's latest 2025 tax season data.
General News March 21, 2025
Is Homeland Security Using IRS Agents to Help with Deportations?
The news that the Department of Homeland Security has pressured the Internal Revenue Service to help with immigration enforcement actions has stirred up more concerns of potential mass deportations in Fresno and the Central Valley.