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Around the Tax World- April 9, 2026
In The HeadlinesPresident Trump projects an end to the war in Iran in April, causing stocks to rally.
What's New In The Tax World?Did you know tax assessments have an expiration date? Here’s what to know.
State-By-State-UpdatesAlaska struggles with lost revenue from properties erroneously claiming a tax exemption.
Tax Planning TipsAre your investments tax-advantaged—and if not, what needs to change?
READ MOREAround the Tax World- November 10, 2025
In The HeadlinesWhat do TikTok influencers and soybean farmers have in common? They may be impacted by the recent U.S.-China trade deal.
What's New In The Tax World?What to expect if the enhanced premium tax credits expire
State-By-State-UpdatesFlorida lawmakers consider rewriting their property tax system, especially for homesteads.
Tax Planning TipsThe IRS punts on a new tax law on reporting auto loan interest
Around the Tax World- OCTOBER 27, 2025
In The HeadlinesWhat is the U.S. “gold card” visa program, and will it actually be implemented?
What's New In The Tax World?The “One Big Beautiful Bill” Act could result in major tax cuts next year depending on the state you live in
State-By-State-UpdatesIowa is anticipating a significant dip in tax revenue in 2026.
Tax Planning TipsTop U.S. universities are facing a steep tax increase via the “One Big Beautiful Bill.”
Around the Tax World- OCTOBER 8, 2025
In The HeadlinesNew A.I. safety laws will impact the majority of top A.I. companies.
What's New In The Tax World?A failed deal over ACA premium tax credits gives way to a government shutdown.
State-By-State-UpdatesMichigan debates a 24% increase to its marijuana wholesale tax.
Tax Planning TipsTrump throws his weight behind Hollywood with a new 100% tariff on foreign-made films
Around the Tax World- September 23, 2025
In The HeadlinesTikTok and trade talks: What’s the latest in the U.S. relationship with China?
What's New In The Tax World?Could a wealth tax be the next step for New York City—or the U.S.?
State-By-State-UpdatesIndiana considers a pause on utility bill taxes.
Tax Planning TipsHow have the new Trump tax policies affected companies?
Around the Tax World- September 9, 2025
In The HeadlinesMeta’s flirtatious Taylor Swift and Scarlett Johansson chatbots were created without permission.
What's New In The Tax World?Could a second federal tax and spending bill be in the works?
State-By-State-UpdatesAlabama shoppers can enjoy two new tax breaks starting this September.
Tax Planning TipsWhich jobs are covered by the new “no tax on tips” rule?
Around the Tax World- August 26, 2025
In The HeadlinesCould the U.S. government become a shareholder in Intel?
What's New In The Tax World?The clock is ticking on expiring clean energy credits—and it’s causing a major spike in sales
State-By-State-UpdatesWill Florida finally pull the trigger on property tax cuts?
Tax Planning TipsThe “One Big Beautiful Bill” includes a largely-overlooked remittance tax that will affect those who support family members overseas
Around the Tax World- August 7, 2025
In The HeadlinesTech stocks may be making a comeback as design tool Figma sees a 250% gain on its IPO day.
What's New In The Tax World?The end of Direct File, leadership investigations, and staffing shake-ups: What is the future of the IRS?
State-By-State-UpdatesFlorida’s hurricane season is also a tax-free season this year.
Tax Planning TipsSummer means tax-free holiday season! Which states can save consumers the most money?
Around the Tax World- July 24, 2025
In The HeadlinesCould your caffeine consumption take a hit with the increased tariffs on Brazil?
What's New In The Tax World?Will the newly-passed tax and spending plan help or hinder Republicans in 2026?
State-By-State-UpdatesGeorgia makes moves toward eliminating the state income tax.
Tax Planning TipsHow could the new tax exemption for tips and overtime pay affect employers?
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CURRENT EDITION
Kwong v. United States: A Pandemic-Era Decision That Could Reshape Tax Deadlines, Penalties, and Refund Opportunities
The 2025 court decision, Kwong v. United States, is quietly gaining traction among tax professionals for exactly these reasons. Its implications could be far-reaching, potentially opening the door to refund claims, penalty abatements, and revived tax deadlines that many assumed were long closed. But there’s a catch: the opportunity to act may be time-sensitive, and the window to preserve claims could begin closing in just a few short weeks. Here’s what the court actually decided and why it matters now.
Untapped State Benefits for Veterans: Planning Opportunities for Advisors and Families
Two veteran clients with seemingly similar financial profiles can end up with very different outcomes, simply based on where they live and how informed they are. Much of that difference comes down to smaller, state-specific benefits that tend to sit just outside the typical planning checklist. But when layered alongside federal veteran benefits, they can reshape major decisions like where to buy a home or settle long-term. For advisors working with military families, recognizing how these state benefits show up in real life can go a long way in helping veteran clients feel seen, understood and better supported in the decisions ahead.
What The Heck Is A Cash Balance Plan?
One of my obsessions is about what we can do for somebody who has high earnings and not much else. When I review multiple collections of year-end tax tips, there is not much for HENRY (high earnings not rich yet) other than a couple of Captain Obvious things like maximizing 401(k) contributions. Henry doesn’t have losses to harvest and is not about to set up a private foundation or a donor advised fund. Charity begins at home. So I got excited when I saw ads about cash balance plans. Was this the great white whale that I have been seeking that is a good answer for Henry? Or is it some sort of scam? As we will see it turns out to be neither, but it is probably something you should consider for some high earners.
