Taxes

Elon Musk just promised 72 million SpaceX shares to every kid in America

Intuit brings back Credit Karma Tax with $0 federal and $15 state prep

Intuit, the financial software giant, is reviving Credit Karma Tax. It offers $0 federal and $15 state return preparation. Users can snap a photo of Tax forms to skip data entry. You get real-time AI help and a 100% accuracy guarantee. This gives you a low-cost DIY option for Tax season.

IRS finalizes rules for paying taxes via credit and debit cards

The Internal Revenue Service finalized rules allowing direct credit and debit card tax payments. Taxpayers can now pay the IRS directly without third-party processors. The change stems from the Taxpayer First Act of 2019. This update aims to simplify payments and reduce check processing costs.

Tax Foundation releases the International Tax Competitiveness Index 2026 ranking OECD tax codes

Tax Foundation published the 2026 International Tax Competitiveness Index. The report reviews global tax systems across member nations. Austria reduced corporate tax rates by several percentage points. France, the Slovak Republic, and Slovenia increased their rates.

Tax Foundation reports 12 states and Washington D.C. levy estate taxes for 2026

Twelve states and Washington D.C. levy Estate taxes. Hawaii and Washington charge a top rate of 20 percent. Five states charge Inheritance Taxes for beneficiaries. Maryland collects both an Estate tax and an Inheritance tax. Check your local State rules before planning.

IRS urged to crack down on ghost preparers in new GAO report

A new government report warns about ghost preparers hiding on tax returns. These rogue preparers do not sign returns and can steal refunds. The IRS lacks a clear strategy and measurable goals to stop them. Paid preparers handled over half of all tax returns last year.

IRS to host Tax Professional Awareness Week starting October 19

The Internal Revenue Service is launching Tax Professional Awareness Week on October 19. The agency will provide webinars, videos, and tools for the upcoming filing season. Topics include refundable tax credits and cybersecurity. Tax professionals can register online for the events.

IRS starts automatic refunds for over 50,000 taxpayers with adoption tax credit carryforward

Check your mail if you claimed the adoption tax credit. The Internal Revenue Service just started issuing automatic refunds to over 50,000 taxpayers. You do not need to file an amended return to get the money. Watch for an IRS notice arriving within 30 days of the adjustment.

Maryland and other states push new taxes on rental car fleets

States are targeting rental car company fleet purchases. They want to add a new sales tax. This creates double taxation on every single rental. Your Rental costs could rise as a result. Business equipment should not be taxed like this. It hurts the bottom line for these firms.

Sweeney Center study: Greater Paulsboro Energy generates $814M in economic output

A new study reveals massive local impact. Seven major energy companies drive a New Jersey region. Local schools and roads share millions in tax dollars. Check what your town relies on for stable jobs.

EY global revenue reached $57 billion this year

The accounting giant EY just hit a massive milestone. Their global revenue climbed to $57 billion this year. Every single service line saw growth across the board. AI services led the way with 49 percent growth. They invested nearly half a billion in staff training.

Steve Adubato talks to New Jersey Manufacturing Extension Program CEO

Steve Adubato speaks with Peter C. Connolly. New Jersey manufacturers face challenges. Tariffs and supply chain issues affect them.

IRS whistleblower agent sues agency over leaked tax records in Chicago

Internal Revenue Service agent Brian Visalli filed a federal lawsuit in Chicago. The suit alleges IRS officials unlawfully leaked his tax records to prosecutors. Visalli spent 24 years at the agency and won 22 performance awards.

IRS employees snooped on confidential taxpayer files of officials and business leaders

A new federal report reveals IRS workers snooped on private tax records. Investigators found 86 irregular file accesses by 52 employees between 2022 and 2025. The IRS failed to notify 175 affected taxpayers about the breaches.

New bill lets apartment developers immediately deduct up to $250,000 per unit

Citrin Cooperman buys AI consulting firm Rosetree

Citrin Cooperman is a top 25 accounting firm. Rosetree Solutions is an AI consulting firm. The deal adds 60 employees to Citrin Cooperman. It helps middle-market clients use AI.

CPAs lose clients money by missing company buyouts

Business clients often sign a buyout letter before telling their accountant. Buyers then hire expensive diligence firms to reconstruct company numbers you already know. A single weak earnings adjustment can cost your client nearly $1 million in value.

Comments close 23 November. The new rules bind 39 days later

Notice 2026-55 asks what the Opportunity Zone rules should say, and the answers are due 39 days before the rewritten regime starts.

Customs has not returned $44 billion of the tariff money

Customs says the last stage of its refund system opens 6 October. Another $1.3 billion is sitting still for want of bank details.