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Around the Tax World- September 8, 2026
In The HeadlinesThe robotaxis are coming: Uber cuts 10% of its workforce worldwide to focus on new investments.
What's New In The Tax World?Will Hollywood get a tax break with the support of President Trump?
State-By-State-UpdatesLouisiana appeals to SpaceX with a $27.5 billion tax incentive package.
Tax Planning TipsThe IRS provides more clarity on how “no tax on overtime” actually works
READ MOREAround the Tax World- August 18, 2026
In The HeadlinesTariff refunds hit a whopping $100 billion—but consumers may not see the benefits.
What's New In The Tax World?President Trump eyes a capital gains tax cut as a possible midterm election strategy
State-By-State-UpdatesCan California’s wealth tax overcome a billionaire opponent?
Tax Planning TipsWhat does the “no tax on Social Security” provision actually do?
Around the Tax World- JULY 21, 2026
In The HeadlinesTrump’s $1.776 billion IRS settlement is blocked by a federal judge.
What's New In The Tax World?As refunds surpass $49 billion, what does the future hold for U.S. tariffs?
State-By-State-UpdatesWill Alaska’s gasline tax bill become law?
Tax Planning TipsClaiming the Federal Scholarship Tax Credit is a more narrow road than some imagined
Around the Tax World- JULY 7, 2026
In The HeadlinesTrump pushes back on foreign digital services taxes by threatening 100% tariffs.
What's New In The Tax World?Could the federal gas tax be on its way out?
State-By-State-UpdatesCalifornia approves a tax on Trump’s “anti-weaponization” fund.
Tax Planning TipsDo Trump Account contributions need to be reported as a gift to the IRS?
Around the Tax World- JUNE 23, 2026
In The HeadlinesOpenAI goes on a spending spree to the tune of $3.7 billion.
What's New In The Tax World?Money is running out from a Social Security trust fund—what could that mean for your taxes?
State-By-State-UpdatesCalifornia’s governor pushes back on a proposed billionaire tax.
Tax Planning TipsTax planning could make a major difference to your student loan payments
Around the Tax World- JUNE 9, 2026
In The HeadlinesThe Supreme Court decides to stay out of the California-Florida tax tussle.
What's New In The Tax World?Retail sales spiked in 2026, but the reason might be tax refunds
State-By-State-UpdatesFlorida debates a total overhaul of their property tax system.
Tax Planning TipsHow can Trump Accounts help with tax savings?
Around the Tax World- May 26, 2026
In The HeadlinesTrump settles his lawsuit against the IRS—and gains audit protection in the process.
What's New In The Tax World?Jeff Bezos stirs up talk about eliminating income taxes in a recent interview
State-By-State-UpdatesNew Mexico faces disappointing results from its $512 million in state tax credits.
Tax Planning TipsThe enhanced premium tax credit didn’t make it to 2026—what has the impact been?
Around the Tax World- May 7, 2026
In The HeadlinesThe S&P 500 stalls as the war in Iran continues and the Federal Reserve meets on interest rates.
What's New In The Tax World?Republican lawmakers look to woo voters with lower capital gains taxes
State-By-State-UpdatesCalifornia’s “billionaire tax” makes it a step closer to the November ballot.
Tax Planning TipsWho can benefit most from the IRS’ free tax withholding tool?
Around the Tax World- April 23, 2026
In The HeadlinesJust how bad is the energy crisis? Experts assess the impact of the ongoing war in Iran.
What's New In The Tax World?Despite the OBBBA tax cuts, polls show that most Americans think they are overpaying on taxes—a sentiment that could impact midterm elections
State-By-State-UpdatesHawaii’s climate cruise tax is blocked by an appeals court—what’s next?
Tax Planning TipsAs annuity sales reach record growth levels, what does this mean for tax planning?
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CURRENT EDITION
Will AMT Make a Comeback After OBBBA?
Following Betteridge’s Law of Headlines, the answer to the question posed in the headline is, “no.” Actually — because we’re talking about taxes here — we can say the answer is never so definitive, so let’s change it to “probably not.” But it’s more complicated than it may seem.
Why Citizenship, Residency, and Domicile Matter
If you spend any time in the world of cross-border taxes, you start to notice a pattern: the hardest problems usually begin with a deceptively simple question—who gets to tax you? And the answer is rarely as simple as “the country where I live.” That’s because tax systems don’t rely on just one concept to decide who belongs in their net. They use citizenship, residency, and domicile. These terms sound similar, and people often use them interchangeably in casual conversation, but in tax law they mean very different things. For globally mobile individuals, understanding the difference matters. You can be a U.S. citizen, a tax resident of another country, and still have your long-term home base tied to a different jurisdiction altogether. Each label can trigger different tax consequences, different filing obligations, and different planning opportunities.
Sophisticated EMR Software Meets Old-School Skimming: Lessons From The Aryanpure Case
The simplest way to reduce your taxable income from an S corporation is to take some of the gross receipts directly into your personal account without running them through the corporate books. Don’t mention this to your tax preparer and make sure they don’t find out. If you get caught by the IRS, though, hire an expert to explain why it is your preparer’s fault. This plan did not work all that well for a couple, both physicians, who were running two medical family medical clinics through an S Corporation called MedExpress. They ended up being liable for the fraud penalty which has the collateral effect of extending the statute of limitations indefinitely. At 75% the fraud penalty is as bad as it can get without losing your liberty.
