Income Tax
Wage Growth in Job Postings is Declining Sharply, Indeed Says
Advertised wages rose 5.3% in May from a year earlier, a marked decline from the peak of 9.3% in January 2022.
Estimated Tax Payments Are Due June 15, IRS Says
Failing to pay enough tax through withholding or estimated payments, or missing the deadline, can result in IRS penalties.
PCAOB Turns Up the Heat on Auditors to Find Fraud
The PCAOB wants auditors to get tougher detecting noncompliance with laws and regulations, including fraud, in public company audits.
IRS Budget Battle Far From Over After Debt Ceiling Pact
Even with the recent IRS funding cuts, Republicans want to slash even more, setting up an appropriations fight with Democrats.
What Do Taxes Have to Do with the NBA Finals?
The NBA Finals—and other sporting events—are connected to taxes in a big way. That’s partly due to the so-called jock tax.
IRS Proposes Rules on Energy Projects for Low-Income Areas
A program established by the Inflation Reduction Act incentivizes solar and wind power in certain low-income communities.
IRS, Treasury Provide More Guidance for Advanced Energy Project Credit
The qualifying advanced energy project credit program was re-established last year by the Inflation Reduction Act.
Debt Limit Bill Passed in House, Expected to Clear Senate, Reducing Threat of Default
The hard choices on how to adjust government services are mostly left to Congress to negotiate in separate spending packages due before the Oct. 1 start of the next federal fiscal year.