Taxes
Latest Taxes News
Trump Picks Former Representative Billy Long As Next IRS Commissioner
President-elect Donald Trump announced he has tapped former Congressman Billy Long as Commissioner of the Internal Revenue Service (IRS), even…
House Passes Terrorism Bill Targeting Nonprofits, Despite Concerns About Overreach
Last week, the House of Representatives rejected H.R. 9495, Stop Terror-Financing and Tax Penalties on American Hostages Act, legislation that…
How Senate Rules Could Slow Down Any GOP-Trump Tax Cuts
Soon after the 2024 elections results rolled in, the speculation began about what they might mean—especially when it comes to…
In Lawsuit Settlement Agreements, Tax Language Is Very Important
Almost every legal settlement includes a full release of claims. A release may recite some of the plaintiff's claims, but…
State Election Outcomes Mixed On Property Tax, Cannabis, And Other Ballot Measures
While federal tax questions have dominated the headlines this election cycle, state and local taxes can significantly impact individuals and…
Sales Taxes On Halloween Candy Can Be More Trick Than Treat
Halloween spending is expected to reach $11.6 billion in 2024, just shy of last year's record-breaking spooky season—that works out…
It’s Time For Tax Pros To Renew Their Preparer Tax Identification Number (PTIN)—Here’s How
Even though tax returns on extension were filed just a few days ago, the IRS is already thinking about the…
Al Capone Found Guilty Of Tax Evasion On This Day In 1931
On this day in 1931, Al Capone was found guilty of tax evasion. The gangster, who had reportedly boasted, “They…
IRS Announces Direct File Program Will Be Available In Twice As Many States In 2025
The U.S. Department of the Treasury and the IRS have announced that the number of states offering Direct File will…
IRS Introduces Process For Third-Party Payers To Withdraw Bad Employee Retention Credit Claims
The IRS is not backing down on efforts to stem the tide of what it believes to be erroneous or…
