AROUND THE TAX WORLD

In The Headlines -Joe Biden and Elon Musk exchanged tax policy quips on Twitter.

What’s New In The Tax World? – As presidential hopefuls look ahead to 2024, DeSantis focuses on taxes, regulations, and policy toward Chinas

State-By-State Updates – A bill that is set to repeal rental tax in Arizona has yet to see the governor’s desk.

Tax Planning Tips – The rules for inherited IRAs have shifted—and could mean a higher tax bill for you or your beneficiaries.

In The Headlines -Barbie’s box office debut is expected to rake in as much as $500 million…

What’s New In The Tax World? – As universities see an end to affirmative action, they may also see the beginning of higher taxes

State-By-State Updates – As Californians cut back on smoking, early childhood programs may see their funding plummet.

Tax Planning Tips – Over 800,000 student loan borrowers will be eligible for loan forgiveness

In The Headlines -Love him or hate him, Elon Musk is seeing record sales at Tesla…

What’s New In The Tax World? – ATTN: Next Tax Scam Victim — See Details About the Latest Tax Refund Scam Inside

State-By-State Updates – Pennsylvania seniors may see property tax rebates in their mailboxes soon…

Tax Planning Tips – Lawmakers are looking to boost the Child Tax Credit with both an increase and a new “baby bonus.”

In The Headlines – Ryan Reynolds banks $1.35 billion after the sale of his latest business venture…

What’s New In The Tax World? – The Tax Wars Rage on: Higher Standard Deduction vs. Expanded Child Credit, Small Business Tax Breaks vs. Clean Energy Tax Cuts… Who Will Win?

State-By-State Updates – California’s “mansion tax” is resulting in a surplus of vacant luxury homes worth over $5 million each…

Tax Planning Tips – How “stealth” taxes can impact retirees—and how to avoid them.

World NEWS – Alaska is making plans to tax online car sharing platform Turo…

U.S. NEWS – Cities in Tennessee, Texas, and Oklahoma rank as the most tax-friendly for high-income earners

STATE NEWS – New Jersey debates expanding property tax relief for seniors…

TAX PLANNING – Taxpayers who withdrew IRA funds during COVID-19 are running out of time to claim a tax refund.

World NEWS – The Supreme Court rules that the IRS does not need to give notice to third parties when requesting bank records…

U.S. NEWS – The IRS is developing a free electronic tax filing system that could replace commercial options

STATE NEWS – Texas legislators advance a bill that would change property tax limits…

TAX PLANNING – In 2023, the IRS flagged over 1 million tax returns as potentially fraudulent.

World NEWS – A group of U.S. Senators push the IRS to take action against AI-generated tax scams…

U.S. NEWS – New York and California tax revenue took a hit during COVID-19 as high-income earners moved to low-tax states

STATE NEWS – The Minnesota Senate passed a $4 billion tax bill…

TAX PLANNING – The deadline is approaching for the 1.5 million taxpayers with an unclaimed 2019 tax refund to file their return.