For years, private universities like Stanford with large endowments paid a small tax of 1.4% on the money their investments earned. That changed in July when former President Donald Trump signed a new federal law. The law creates a new […]
Starting in 2025, the IRS will change how it handles audits for businesses. Right now, the audit process is slow, complicated, and takes too long to resolve. The IRS wants to fix that by getting rid of outdated steps and […]
Under former President Trump, the IRS lost about 25% of its total staff, roughly 26,000 workers. The number of full-time employees dropped from 103,000 in early 2017 to just over 77,000 in 2025. This was done mostly through buyouts and […]
California’s solar and wind energy projects are facing tough new challenges because of recent changes made by the federal government. In July 2025, President Trump approved a federal budget that significantly reduced the amount of time renewable energy projects have […]
California lawmakers just passed a bill that increases the state’s film and TV production tax credit from $330 million to $750 million per year, through 2030. The bill is expected to be signed into law by Governor Gavin Newsom. This […]
Filing taxes can be confusing, and even a small mistake can lead to delays, penalties, or extra stress. Here are the most common tax errors people make, how to avoid them, and what penalties may apply. Wrong or Missing Personal […]
Many U.S. states and territories offer special tax breaks to Veterans, their families, and survivors. Whether you’re a Veteran, a family member, or someone leaving the military, this guide makes things easier to understand. Benefits are listed alphabetically by state […]
The Internal Revenue Service (IRS) has a new acting commissioner: Michael Faulkender. He’s the third person to take over the role in just one week, according to The New York Times. This change happened after some serious disagreements behind the […]
Tax season is here, and it’s important to know when everything is due. For both federal taxes (IRS) and California state taxes (Franchise Tax Board), the deadline is Tuesday, April 15, 2025. This day is known as Tax Day. This […]
In the United States, corporations must file specific tax forms that detail their financial activity throughout the fiscal year. The Internal Revenue Service (IRS) uses these forms to assess and collect the appropriate taxes. Two of the primary forms used […]