Taxes December 1, 2025
Hunter Biden Could Be Disbarred in Connecticut Over Tax, Gun Convictions
The son of former President Joe Biden has been a member of the bar in Connecticut since 1997, a year after graduating from Yale Law School.
Taxes December 1, 2025
Northwest Region Leads on Tax Competitiveness, with One Glaring Exception
The latest numbers from the Tax Foundation show that Wyoming is the most taxpayer-friendly state, Montana is 6th, and Idaho is 9th. But Washington coming in near last at 45th is a cause for concern.
Income Tax November 27, 2025
IRS Income Tax Refund Schedule for 2026 – When Will You Get Your Refund?
An easy calendar with no log-in or financial data needed to see an estimate of when you may receive your income tax refund, based on when you file.
Taxes November 26, 2025
Sen. Jim Justice to Pay $5.2M in Overdue Taxes After DOJ Suit
The Republican senator from West Virginia and his wife owed the $5.2 million going back to at least 2009. The Justice Department sued Nov. 24 to collect the money, and the Justice family agreed hours later to pay up.
Taxes November 25, 2025
A Shifting Trump-Era Landscape in Public Finance
State and local financial managers face the impact of federal aid cutbacks, plus new rules and even some opportunities. It’s a time to focus on what’s practical and necessary, both near and longer term.
Taxes November 24, 2025
New Jersey Gov.-Elect Sherrill Suggests State Could Stop Paying Federal Taxes in Swipe at Trump
While speaking with comedian Jon Stewart earlier this week, Mikie Sherrill called the prospect of the state withholding federal tax dollars a “good idea,” adding, “I think about that all the time.”
Taxes November 24, 2025
AICPA Makes Recommendations to IRS and Treasury on ‘All or Nothing’ Approach to Dual Consolidated Loss
The AICPA is asking Treasury and the IRS to allow an exception for these permanently disallowed amounts so companies aren’t penalized unnecessarily.
Taxes November 23, 2025
If Georgia Eliminates the Income Tax, There Are Costly Tradeoffs to Consider
With this complex issue, the state needs to proceed with caution and learn from what happens in states without an income tax, a professor of economics says.
Taxes November 21, 2025
IRS Issues Guidance for Workers Who Received Tips or Overtime in Tax Year 2025
The Treasury Department and the IRS issued guidance on Nov. 21 for employees who are eligible to claim the deduction for tips and for overtime compensation under the One Big Beautiful Bill Act for the 2025 tax year.
Taxes November 21, 2025
IRS Provides Tax Break to Lenders on Rural and Agricultural Real Estate Loans
The Treasury Department and the IRS released interim guidance Nov. 20 on a new tax benefit for certain lenders, such as FDIC-insured banks, that provide loans secured by rural or agricultural real estate.
Taxes November 21, 2025
IRS Scam: FTC Sues Tax Debt Relief Company, Claims It Was ‘Pocketing Millions’ and Threatening Taxpayers
The Federal Trade Commission recently filed a joint lawsuit with the state of Nevada against American Tax Service as well as its owners and seven affiliated parties for making false claims that they could help taxpayers with their debts.
Accounting November 21, 2025
Connecticut Accountant Admits to Evading More Than $400,000 in Taxes
Edward Sodlosky, 71, of Middlebury, CT, failed to report almost $1.4 million in additional income, resulting in a tax loss to the government of more than $400,000, authorities said.