AROUND THE TAX WORLD

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?

In The Headlines – Will Trump be out $450 million?

What’s New In The Tax World? – Scams abound during this tax season: here’s how to avoid falling prey

State-By-State Updates – Illinois is recruiting volunteer firefighters by offering a special tax credit.

Tax Planning Tips – Planning for retirement? Don’t overlook the saver’s tax credit.

In The Headlines – Will the U.S. become a TikTok-free zone?.

What’s New In The Tax World? – A $78 billion tax bill passes the House but hits walls in the Senate

State-By-State Updates – Colorado residents may be eligible for an $800 refund this tax season.

Tax Planning Tips – Is your property tax bill astronomical? Consider whether you can appeal your property tax assessment.

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.