TAX PRO TODAY

Truckers must file highway use tax form this month

By Jeff Stimpson       1 min read

The IRS is reminding drivers and fleet owners about the Aug. 31 deadline for Form 2290. Read story →

U.S. households paying no income tax hit 61% of total last year

By Laura Davison       1 min read

Declines in income and boosts to government subsidies that wiped away tax liabilities. Read story →

Wyden proposes tax credits to combat homelessness

By Michael Cohn       3 min read

The Senate Finance Committee chair introduced legislation with tax credits aimed at ending homelessness and providing affordable housing. Read story →

Working from home? The New York State taxman doesn’t care

By Alexis Leondis       4 min read

More than 100,000 people who used to work or live in the state have received notices asking why they paid less to the state than they have in years past.  Read story →

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New York’s local sales-tax collections up 21%

By Skylar Woodhouse       1 min read

The Empire State collected $1.6 billion in revenue in July, up $276 million from a year earlier, signaling a strong rebound. Read story →

Practitioners call for fixes to the ERC

By Roger Russell       4 min read

Padgett Business Services and NCCPAP have spotted areas where the Employee Retention Credit may be hurting small businesses. Read story →

In the blogs: A fistful of options

By Jeff Stimpson       3 min read

Crayons and improving workflow; Deloitte goes to law school; certified importance; and other highlights from our favorite tax bloggers. Read story →

Limiting like-kind exchanges and what that means for the real estate market

By Lynn Mucenski Keck       4 min read

The Biden administration’s tax proposals could have a negative impact on real estate investing. Read story →

Not Peter Thiel? Here’s how you can build a mega Roth IRA

By Lynnley Browning       5 min read

Advisors share a tax trick that allows professionals to build seven-figure retirement plans. Read story →

IRS offers flexibility on Work Opportunity Tax Credit

By Michael Cohn       2 min read

The Internal Revenue Service is giving employers more leeway in claiming the Work Opportunity Tax Credit to hire people in underprivileged areas who face significant obstacles to employment for jobs in summer youth and community programs. Read story →

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