Taxes
Latest Taxes News
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…
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…
As The Corporate Transparency Act Deadline Creeps Closer, FinCEN Updates Guidance
The Corporate Transparency Act—or CTA—requires reporting companies to file reports with the Financial Crimes Enforcement Network (FinCEN). The deadline for…
E.U. Top Court Rules That Apple Must Pay Billions In Back Taxes
The European Union's top court has issued a final ruling in an ongoing legal battle over tax benefits, finding that…
Kamala Harris’ 28% Capital Gains Tax Plan Is A Surprise. Here’s Why
Vice President Kamala Harris has proposed a 28% tax on long-term capital gains for Americans who earn $1 million or…
