AROUND THE TAX WORLD

In The Headlines – H&R Block and TurboTax have been accused of “deceptive advertising” by the FTC.

What’s New In The Tax World? – The IRS levels up on cryptocurrency tax compliance with the help of two former crypto executives.

State-By-State Updates – Kansas shuts down a $1.6 billion tax cut package including a flat income tax rate of 5.25%

Tax Planning Tips – Planning your retirement? Consider these states with the lowest tax rates.

In The Headlines – Who will win in the battle between The New York Times and OpenAI?

What’s New In The Tax World? – The popular EV tax credit has yielded $135 million in reimbursements for automotive dealers this year.

State-By-State Updates -California considers a ballot initiative that would limit local and state governments’ ability to raise taxes.

Tax Planning Tips – If you have long-term care insurance, keep in mind these tax deduction limitations.

In The Headlines – Super Bowl LVIII means record-breaking ticket prices for football fans and revenue spikes for Las Vegas small businesses.

What’s New In The Tax World? – To file or not to file? With new proposed tax breaks coming up fast, the IRS urges taxpayers to move ahead with their tax returns

State-By-State Updates -A Connecticut task force tries to bid farewell to the state’s car tax.

Tax Planning Tips – With TJCA tax provisions soon to expire, 2024 will be a crucial year for tax planning.

In The Headlines – Spirit Airlines and JetBlue may be star-crossed business partners.

What’s New In The Tax World? – 2024 may be the Year of the Tax Break—from the expanded child tax credit to business benefits

State-By-State Updates -The Kansas Legislature is stepping on the gas when it comes to income and sales tax reform.

Tax Planning Tips – The latest industry boom is in selling energy tax credits—a market worth up to $9 billion.

In The Headlines – Universal Pictures ousts Disney from its throne in 2023, coming in as the highest-grossing studio at the box office.

What’s New In The Tax World? – Cutting state tax rates: What was hot in 2023 may not be in 2024

State-By-State Updates -Georgians may have more money in their pockets in 2024 from reduced state income taxes.

Tax Planning Tips – Another day, another EV tax credit update—and it’s a big one.

In The Headlines – One of the most successful businesses of 2023 is… Taylor Swift.

What’s New In The Tax World? – Popular electric vehicles may fall out of favor in 2024 without the help of the EV tax credit

State-By-State Updates -California’s climate programs may have one adverse side-effect—$6 billion in lost gas tax revenue.

Tax Planning Tips – New guidance on the Clean Hydrogen Production Tax Credit is finally being released… but is this good news or bad news?

In The Headlines – AI-generated fake reviews are taking a toll on the tourism industry—and Exceptional Alien is fighting back with the help of celebrity investors.

What’s New In The Tax World? – The fate of a potential “wealth tax” rests on a current Supreme Court case

State-By-State Updates -Georgia’s Republican lawmakers want to speed up state tax cuts.

Tax Planning Tips – Looking to save on taxes next year? Lose the money market funds and consider municipal money market funds and Treasury bills instead.