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The Senate Finance Committee voted nearly unanimously to approve a wide-ranging bipartisan tax administration bill aimed at improving operations at the IRS.
The Senate Finance Committee approved the Taxpayer Assistance and Service Act, legislation backed by the AICPA that would modernize IRS operations, expand taxpayer services, and gi...
ITEP’s Research Director Carl Davis discusses Missouri’s proposal to eliminate the state income tax and why voters have overwhelmingly rejected it. You can watch the video here and...
A tax tribunal has sided with property owners involved in redevelopment disagreements, annulling a significant Rs 1.3 crore tax increment on a newly developed property. The tribuna...
Ten years ago, then-Speaker Paul Ryan and Ways and Means Chairman Kevin Brady released the "Better Way" Tax Plan, the blueprint that would eventually become the Tax Cuts and Jobs A...
Just six companies received $83 billion in federal income tax breaks in 2025, the latest evidence that corporate tax avoidance has been turbocharged by the 2025 Trump/GOP tax law....
For the better part of a decade, every estate planning conversation my colleagues had with a high-net-worth family started with the same clock: the 2017 Tax Cuts and Jobs Act exemp...
(The Center Square) - The Washington Secretary of State notified Let’s Go Washington Wednesday afternoon that the initiative to repeal the income tax (IP26-645) has been certified...
(The Center Square) - Former Congresswoman Jaime Herrera Beutler held a press conference Wednesday to urge support for the income tax repeal initiative backed by Let’s Go Washingto...
Tax-prep giant H&R Block paid no federal taxes on its U.S. income in 2025. It also made a public disclosure, required by the European Union, characterizing one-third of its glo...
The QSBS exclusion allows investors who buy stock in a “qualified business” to write off as much as 100 percent of their capital gains when they sell that stock, in some cases deli...
Multiple bills in Congress aim at permanent social security taxes elimination, while the One Big Beautiful Bill offers a temporary $6,000 The post Congress Is Pushing to End Federa...
The sprawling bipartisan bill would add new requirements for the IRS as well as tax preparers, including continuing education for unlicensed preparers.
The income tax helps fund schools, Medicaid, prisons, state police and more. Eliminating it would entail a massive overhaul of public services and benefit the wealthiest Michigande...
Taxpayers and tax pros have already dealt with many changes from the One Big Beautiful Bill Act on 2025 returns, but many provisions will be effective for the first time in 2026.
Since 1990, state lawmakers have cut top personal and corporate income tax rates far more often than they have raised them, shifting more responsibility onto working families State...
MANILA, Philippines — The income-tax reform proposed by President Ferdinand Marcos Jr. in his fifth State of the Nation Address (Sona) will allow Filipino workers to keep more of w...
This fall, Congress could allow billions of dollars in IRS funding to disappear on autopilot. However, the Stop CHEATERS Act would restore the multi-year mandatory funding rescinde...
IRS PLR 202630002, July 24.2026 The Internal Revenue Service (IRS) has recently completed a notable regulatory about-face that carries significant planning implications for...
In a win for Missouri workers and families, voters overwhelmingly rejected a proposed amendment that would have allowed lawmakers to replace the state's income tax with increased o...
Section 898(c) Transition Rule for Allocating Foreign Taxes and Section 960(d)(4) Foreign Tax Credit Disallowance, REG-115145-25, July 31, 2026 The Department of the Treasury...
The Senate passed a federal disaster tax relief bill, the Doug LaMalfa Federal Disaster Tax Relief Certainty Act, by unanimous consent after a hold was lifted.
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