Current News

The IRS has surprised tax experts with a new version of its stock comp auditing guide. Know what to expect from an audit of stock options, RSUs, and other equity awards. Read More.

In early June, former President Trump proposed to eliminate the income tax and replace the revenue with increased tariffs. Read More.

With President Joe Biden officially out of the election, experts are watching for tax policy from Vice President Kamala Harris, the Democratic frontrunner. Read More.

The vast majority of Americans' income taxes are now being swallowed up just to pay interest on the country's national debt, new numbers show. Read More.

County officials squabble over cannabis taxes that weren’t collected and audits that were not done. Read More.

Missouri Lt. Gov. Mike Kehoe supported raising the gas tax. Republican voters will decide if that’s a problem in the August 6 primary for governor. Read More.

The Grassroots Corner - Week Beginning 7/22/24: “Hostile Argument: What about new houses?” Read More.

A Tax Foundation analysis predicts cutting top rate to 15% could cost as much as $673 billion Read More.

Before the failed assassination attempt, before the catastrophic (for Biden) first presidential debate, Donald Trump gave Bloomberg an extensive interview in which he laid out the core tenets of Trumponomics 2.0 that will define his next presidency. Here are the key highlights: Read More.

Former President Trump tapped Senator JD Vance of Ohio as his running mate and vice presidential nominee for the 2024 GOP ticket, which has put a spotlight on Vance's policy views. Read More.

An Internal Revenue Service program to catch cryptocurrency tax cheats has recorded few achievements other than drumming up business for government contractors, the agency's inspector general found. Read More.

Sarah Huckabee Sanders is the governor of Arkansas and daughter of Mike Huckabee who is on the AFFT Advisory Committee and who ran for President promising to enact the FAIRtax. Read More.

On June 20, 2024, the U.S. Supreme Court handed down its decision in the case of Moore v. United States.  By a 7-2 margin, the Court ruled that the transition tax defined in section 965 of the 2017 Tax Cuts and Jobs Act was constitutional.  That tax was imposed on the unrealized earnings of American citizens holding shares in a foreign corporation. Read More.

Sen. Jacky Rosen (D-NV) signed on as a co-sponsor to a Republican bill to remove taxes on tips, flip-flopping on her previous position. Read More.

The IRS has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration’s signature climate, health care and tax package signed into law in 2022. Read More.