3+ day, 1+ hour ago   (511+ words) Fiscal year 2025 was a record-breaking 12 months for U.S. tax revenue, as taxpayers paid the IRS a total of $5.3 trillion, a 13.2% increase from FY 2023 and the most tax revenue ever paid, without adjusting for inflation, according to a recent report from the…...

1+ week, 5+ day ago   (931+ words) The IRS has updated Forms 1099-NEC, 1099-MISC, and 1099-K for 2026 to separately report information related to tips and qualified overtime compensation. The 2026 tax year brings significant changes to information reporting. The Working Families Tax Cuts or H.R. 1 created new federal income…...

2+ mon, 3+ week ago   (560+ words) Home > State and Local Taxes State and Local Taxes | June 16, 2026 If your clients reside in a state where they would qualify for such a workaround, act sooner rather than later. Silver tax lining: At least the new One Big Beautiful…...

3+ mon, 2+ day ago   (625+ words) Home > Small Business Small Business | June 11, 2026 Lawmakers are increasingly expanding the sales tax base to encompass new categories of goods and services. A new report from Avalara, Inc., a provider of agentic AI for global tax and compliance, shows a…...

4+ mon, 2+ week ago   (352+ words) Employers may be encouraged to add an EAP to their fringe benefit package as a way to attract and retain high-quality employees. JD, Ken Berry, JD By Ken Berry, JD. The IRS has just issued a new Fact Sheet, FS…...

4+ mon, 3+ week ago   (289+ words) The Internal Revenue Service has updated frequently asked questions in Fact Sheet 2026-10 related to educational assistance programs. An employee’s gross income does not include educational assistance benefits if the benefits are provided under a section 127 educational assistance program and the…...

7+ mon, 1+ week ago   (458+ words) As the federal government remains partially shut down, taxpayers are wondering if it will affect their tax refund. The short answer is yes, but not in the way many fear. The U.S. House of Representatives is set to consider legislation Monday…...

7+ mon, 2+ week ago   (1241+ words) She called it a “smooth filing season.” However, as the IRS enters the 2026 tax season facing workforce reductions and implementing major tax law changes enacted in the One Big Beautiful Bill Act, Collins warns that taxpayers could encounter more challenges…...

7+ mon, 2+ week ago   (1009+ words) The IRS today opened the 2026 tax filing season and began accepting and processing federal individual income tax returns for tax year 2025. The Internal Revenue Service expects millions of U.S. taxpayers to submit their income tax returns by the end of the…...

8+ mon, 5+ day ago   (350+ words) The 2026 tax filing season will open on Jan. 26, the IRS announced on Thursday. This year, several new tax provisions included in the One Big Beautiful Bill Act, which was signed into law by President Donald Trump on July 4, 2025, take effect,…...