AROUND THE TAX WORLD

In The Headlines – Shares in gun manufacturers rose by as much as 10% in the aftermath of the Trump assassination attempt.

What’s New In The Tax World? – Making up for lost taxes: the IRS collects $1 billion in back taxes from high-income taxpayers.

State-By-State Updates – Nebraska’s governor proposes a plan to bring in $1 billion in sales tax revenue.

Tax Planning Tips – The Supreme Court’s recent decision put an end to a business strategy to avoid estate tax.

In The Headlines – Over 100,000 Americans lost access to their own funds due to the bankruptcy of banking-as-a-service platform Synapse.

What’s New In The Tax World? – The IRS releases its final tax reporting rules for cryptocurrency

State-By-State Updates – Could rundown properties be subject to extra taxes in Georgia?

Tax Planning Tips – Will Biden’s corporate tax proposals make the cut?

In The Headlines – Boeing and Airbus are facing a federal investigation over the possible use of fake titanium.

What’s New In The Tax World? – Partnerships must say goodbye to a tax loophole, while the IRS says hello to $50 billion in revenue.

State-By-State Updates – Illinois’ new $53.1 billion state budget is expected to bring in $1.2 billion in new tax revenue.

Tax Planning Tips – Struggling with skyrocketing property taxes? These states have seen a decrease over the past decade.

In The Headlines – Spotify is upping their subscription costs—and stock investors are responding favorably.

What’s New In The Tax World? – Republicans hustle to assemble a new tax package in preparation for the election.

State-By-State Updates – California lawmakers are debating where online sales tax revenue should be funneled.

Tax Planning Tips – Do you qualify for an automatic extended tax filing deadline of June 17th? Make sure you understand which rules apply for you.

In The Headlines – Ryan Reynolds turns his entrepreneurial energy toward the world of sports.

What’s New In The Tax World? – The IRS is cracking down on large partnerships and companies are evaluating how to prepare.

State-By-State Updates – California is poised to become the first state to levy an excise tax on guns and ammunition.

Tax Planning Tips – The list of vehicles that qualify for the EV tax credit is constantly shifting—which ones qualify now?

In The Headlines – The Biden administration faces another lawsuit battle against the Chamber of Commerce. The topic? Non-compete clauses.

What’s New In The Tax World? – New guidelines for clean energy tax credits will impact electric vehicles, aviation fuel, and monetization of tax credit transfers.

State-By-State Updates – Colorado approves a tax reform package that includes changes to income tax, sales tax, and state revenue refunds.

Tax Planning Tips – Biden’s proposal to tax unsold assets is met with pushback.

In The Headlines – Samsung edges out Apple as the top phonemaker worldwide.

What’s New In The Tax World? – Biden publicly releases his tax returns as presidential candidates continue the conversation on tax policy

State-By-State Updates – Californians living in San Diego county get an extended tax deadline

Tax Planning Tips – Could the expanded Child Tax Credit still manifest in 2024?