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IRS Cracks Down on Donations to NIL Collectives, Not Tax Exempt
The IRS is cracking down on donors claiming tax-exempt status for donations made to NIL collectives. Full story here.
IRS Acknowledges Racial Bias In the U.S. Tax System
The Internal Revenue Service (IRS) has acknowledged racial bias within the existing U.S. system. Full story here.
Marijuana Industry Overpaid Federal Taxes By $1.8 Billion, Per Report
Per a new report, the marijuana industry overpaid federal taxes by $1.8 billion in 2022. Full story inside.
Federal Legislation Would Prevent SALT From Penalizing Married Taxpayers
New federal legislation would prevent SALT deductions from penalizing married taxpayers in the United States. Learn more.
Silicon Valley Startups Struggle Amid Massive Tax Bills
Tech startups in Silicon Valley and around the U.S. are struggling as they face massive IRS tax bills. Full story.
IRS Asks Taxpayers to Weigh In on NFTs
The IRS has asked American taxpayers to weigh in on the tax treatment of nonfungible tokens (NFTs). Full details inside.
Senate Considers Repeal of the SALT Deduction Cap
Congress is considering a repeal of the SALT deduction cap. Learn more...
Why Is the Tax Code So Intensely Complicated?
To the average person, the US tax code probably seems needlessly complex. How did we get here?
US Tax Law Changes: How Far We've Come and Where We're Headed
A brief overview of current tax proposals moving around Congress, and opinions from our experts. Learn more...
Lee Reams II
In the face of economic uncertainty, TaxBuzz is the industry's most up-to-date tax information.
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