Understanding Key Differences Between U.S. Sales and Use and Value-Added Taxes

Most countries levy some form of indirect consumption tax,but there are key differences between...

IRS Extends Transition Period for State-Paid Medical Leave Benefits

The IRS has extended for one more year the transition period for medical leave benefits that a...

Legislative Roundup: Final Spending Bills Cut IRS Funding and Omit Tax Priorities

President Donald Trump signed a government funding compromise on February 3 that locks in...

IRS Extends Transition Period for State-Paid Medical Leave Benefits

The IRS has extended for one more year the transition period for medical leave benefits that a...

District of Columbia Takes Emergency Action to Curb OBBBA-Related Revenue Loss

The District of Columbia has enacted emergency legislation (A26-0214) to counteract potential...

The Multi-State Tax Myth: Why More States Doesn't Always Mean More Tax

One of the most common misconceptions I encounter when discussing state tax compliance with real...

IRS Issues Guidance on Trump Accounts

The One Big Beautiful Bill Act (OBBBA) creates a new type of tax-advantaged account for eligible...

Generous Transition Relief Eases Auto Loan Interest Reporting

he IRS on October 21 issued transitional relief (Notice 2025-57) to substantially reduce the...

Small Business Owners: Leveraging the One Big Beautiful Bill for Strategic Growth

The One Big Beautiful Bill Act introduces significant tax reforms designed to promote small...

Pass-Through Entity Tax Elections: Beating the SALT Cap

One of the most impactful changes from the Tax Cuts and Jobs Act (TCJA) was the limitation of state...