Articles

As another major cryptocurrency trading platform succumbs to market instability and files for bankruptcy in what has been a cataclysmic year for the industry, questions loom surrounding the tax implications for affected stakeholders. Read More.

New business formation has boomed, and that means more new business owners than ever are dealing with tax season and potential tax nightmares. Read More.

The federal government set a record for tax collections in October, the first month of the fiscal year, by collecting about $318.5 billion, according to the Treasury. Read More.

Certain tax credits were made temporarily more generous in 2021. For certain people, there still may be time to claim the money, which may add up to thousands of dollars — but some politicians aren’t happy the IRS just reminded Americans about the cash. Read More.

California’s wealthiest residents won’t see a tax increase after voters rejected a measure Tuesday that would have boosted rates on incomes above $2 million to help put more electric cars on the roads. Read More.

On Tuesday, thousands of Los Angeles voters pulled the lever for Measure ULA, a ballot initiative that aims to fund affordable housing and tenant protections by applying a levy on property sales of more than $5 million. That’s just the start of what this measure can do. Read More.

The Grassroots Corner - Week Beginning 11/14/22: “FAIRtax returns to Orange Park, Florida” Read More.

A woman rubbed a bottle and out popped a genie. The genie said, “I'm a one-wish genie. So...what'll it be?" Read More.

Idaho tax collections are back on track after October revenue exceeded expectations and made up for the first three months of the current fiscal year, state budget officials said Monday. Read More.

Companies are asking lawmakers to repeal a change in the tax code that requires businesses to spread their research-and-development costs over five years rather than deduct them immediately. Read More.

In October, millions of Californians were to start receiving relief payments of up to $1,050 as part of the state's "Middle Class Tax Refund." But now it's November, and many Golden State residents are still waiting. Read More.

Early this year, Benson Gitau, owner of Houston appliance reseller Vendapp, noticed that his suppliers were no longer accepting payments through Venmo, PayPal or Cash App. “They’d just say, ‘I prefer Zelle,’” he says. Read More.

President Joe Biden’s threat to impose a windfall profits tax on oil companies is unlikely to pass in the U.S. Congress, even if Democrats defy forecasts and manage to maintain their razor-thin majority in midterm elections on Nov. 8. Read More.

Nova Scotia has picked the annual Christmas tree it's sending our way this year — and she's a beaut! Is it too early for holiday music? [Checks the forecast this weekend.] Yup, definitely still too early. Read More.

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today issued three additional notices requesting public input on key climate and clean energy tax incentives in the Inflation Reduction Act. Read More.