Income Tax
Latest News
Zone & Co Launches ZoneBilling AI Assistant
IRS Extends Tax Deadlines Until May For Helene Victims
Avantax Acquires SEP Financial Services
Sovos Launches Indirect Tax Suite for SAP, Enhances Clean Core Readiness
Best Practices for Tax Professionals Filing Returns During the 2025 Filing Season (For 2024 Taxes)
Tax law is always changing, and keeping up is what tax professionals are about, or they can end up with costly errors if new credits and deductions apply or changes in filing requirements take place.
IRS Warns of Scams Involving Offers in Compromise: “OIC Mills”
The Internal Revenue Service is alerting taxpayers to beware of promoters claiming their services are necessary to resolve unpaid taxes owed to the IRS while charging excessive fees, often with no results.
Sen. Mike Crapo Floats Alternative Cost Estimate For 2025 Tax Package
Assumption that extending Donald Trump's 2017 tax law wouldn't add to deficits could substantially shrink the price tag.
Some Solutions for State and Local Tax Deductibility
With elections approaching, it’s time for governors and mayors to offer some viable new policy options—and ways to pay for them.
Tax Court Halts Deduction for Start-Up Costs in Some Cases
A taxpayer can’t deduct start-up expenses if he or she abandons the business before it ever gets off the ground.
Wolters Kluwer Analyzes Tax Policies of Harris and Trump
The tax briefing aims to distinguish the candidates' tax priorities and propose how their policies could potentially affect all taxpayers.
Vance Says Trump Tariffs Would Help Pay For His Tax Cuts
Donald Trump floated the idea of tariff hikes to offset some income tax cuts to House Republicans in June.
Trump Pledges No Taxes on Overtime
Trump said his no-tax-on-overtime idea would help companies lure more workers and keep them on the job site for longer.