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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- 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?
Around the Tax World- July 10, 2025
In The HeadlinesU.S.-Canada trade talks continue as Canada opts to drop its digital services tax.
What's New In The Tax World?Trump’s megabill continues to prove controversial—including forceful pushback from Elon Musk
State-By-State-UpdatesIllinois sees a slew of mid-year changes to its taxes and other laws.
Tax Planning TipsHow might the new tax and spending bill change your income tax bracket?
Around the Tax World- June 24, 2025
In The HeadlinesHow could ongoing tariffs impact the Federal Reserve interest rate?
What's New In The Tax World?The Senate is proposing changes to the House’s tax and spending bill: What stayed and what’s going?
State-By-State-UpdatesAlaska hits a roadblock in solving problems with state oil tax collections.
Tax Planning TipsSolar stocks plunged in response to the Senate’s revised tax bill.
Around the Tax World- June 10, 2025
In The HeadlinesSteph Curry’s collection of brands hit $173.5 million in revenue last year.
What's New In The Tax World?Will Congress deliver on tax reform by President Trump’s July 4th “deadline”?
State-By-State-UpdatesIllinois’ grocery tax is set to expire in 2026—but the mayor of Chicago is pushing back.
Tax Planning TipsThe Child Tax Credit would face a new restriction under the federal tax bill: What could this mean for families?
Around the Tax World- May 27, 2025
In The HeadlinesElon Musk is stepping back from DOGE and from hefty political spending.
What's New In The Tax World?Trump’s tax bill centers on extending the 2017 tax cuts—but the cost may be too high for some Republicans
State-By-State-UpdatesMaryland’s latest bill brings significant tax increases.
Tax Planning TipsWhat can the entire U.S. Senate agree on? Apparently, no tax on tips.
Around the Tax World- May 8, 2025
In The HeadlinesCould Tesla be seeking a replacement for Elon Musk?
What's New In The Tax World?What could make it into the next budget bill? SALT and staffing are the next big conversations
State-By-State-UpdatesOver 400,000 Florida taxpayers will get a check through the Hillsborough County Sales Tax settlement.
Tax Planning TipsThe federal government may flip the script on electric vehicles by introducing an annual EV registration fee.
Around the Tax World- April 24, 2025
In The HeadlinesCould Harvard and other universities lose their tax-exempt status?
What's New In The Tax World?The renewal of Trump’s 2017 tax cuts is facing pushback from within the Republican party
State-By-State-UpdatesFlorida lawmakers weigh the pros and cons of two budget bills, both proposing over $5 billion in tax cuts.
Tax Planning TipsCould the federal tax on Social Security income actually be eliminated?
Around the Tax World- April 7, 2025
In The HeadlinesInflation rises more than expected in February when it comes to consumer spending.
What's New In The Tax World?The next wave of tariffs hits the auto industry as Trump introduces a 25% levy on imports
State-By-State-UpdatesIowa is looking to increase business development, which could mean both new tax credits and the elimination of old ones.
Tax Planning TipsSenior citizens could still reduce this year’s tax bill with these best practices.
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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.
