Does your rental property qualify for this tax loophole?
World NEWS – Tesla aims for U.S. tax breaks by looking into battery cell production stateside…
U.S. NEWS – The Inflation Reduction Act’s biggest tax changes impact homeowners and business owners…
STATE NEWS – The Illinois Family Relief Plan features income and property tax rebates…
TAX PLANNING – Which home upgrades could qualify for the new Inflation Reduction Act tax rebates…
Around the Tax World- September 27, 2022 Read More »
World NEWS – The IRS accidentally made private data publicly accessible for about 120,000 taxpayers…
U.S. NEWS – President Biden’s student loan relief could be taxed in certain states…
STATE NEWS – Idaho approves one-time tax rebates and introduces a new flat tax rate…
TAX PLANNING – Eco-conscious consumers could qualify for over $10,000 in tax credits and rebates under the Inflation Reduction Act…
Around the Tax World- September 7, 2022 Read More »
World NEWS – The CFO of the Trump Organization confesses to unlawfully taking over $1.7 million in untaxed benefits…
U.S. NEWS – President Biden signs the $430 billion Inflation Reduction Act along with its provision for a corporate minimum tax…
STATE NEWS – Indiana residents are anticipating Automatic Taxpayer Refund checks…
TAX PLANNING – Taxpayers who earn more than $10 in interest from a savings account are required to pay income tax—with a few exceptions…
Around the Tax World- August 25, 2022 Read More »
World NEWS – Pop singer Shakira could face up to eight years in prison for tax fraud…
U.S. NEWS – Democrats’ new economic package receives pushback from Senator Kyrsten Sinema, blocking the latest set of federal tax proposals…
STATE NEWS – Colorado taxpayers will start seeing rebate checks this month…
TAX PLANNING – State taxes on digital goods are becoming increasingly common, requiring advance planning for companies…
Around the Tax World- August 8, 2022 Read More »
World NEWS – A proposed levy on Disneyland tickets fails to move ahead…
U.S. NEWS – Debate brews over Democratic lawmakers’ proposal for the IRS to launch a free tax filing service…
STATE NEWS – A watchdog group in Utah is speaking out about the use of the state’s surplus revenue…
TAX PLANNING – For higher-income taxpayers, Social Security taxes could increase due to the rising wage ceiling…
Around the Tax World- July 27, 2022 Read More »
World NEWS – New IRS voice bots can assist callers with setting up or changing payment plans…
U.S. NEWS – President Biden calls on Congress to establish a national gas tax holiday…
STATE NEWS – Virginia finalizes a two-year budget with $4 billion in tax cuts…
TAX PLANNING – The IRS announces that the end is in sight for backlogged 2021 tax returns…
Around the Tax World- June 29, 2022 Read More »
World NEWS – The tax fraud investigation surrounding the Trump Organization continues…
U.S. NEWS – States’ attempt to provide relief to taxpayers may be contributing to rising inflation…
STATE NEWS – Virginia votes to adjust its budget plan to include $4 billion in tax relief…
TAX PLANNING – Using cryptocurrency as compensation raises tax issues for employees and employers alike…
Around the Tax World- June 8, 2022 Read More »
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