Why Stanford Must Pay Over $200 Million a Year in New Taxes
For years, private universities like Stanford with large endowments paid a small tax of 1.4% on the money their investments…
IRS Plans Faster Business Audits Starting in 2025
Starting in 2025, the IRS will change how it handles audits for businesses. Right now, the audit process is slow,…
Big Cuts to IRS Make It Easier for the Rich to Dodge Taxes
Under former President Trump, the IRS lost about 25% of its total staff, roughly 26,000 workers. The number of full-time…
Federal Cuts Threaten California’s Solar and Wind Projects
California’s solar and wind energy projects are facing tough new challenges because of recent changes made by the federal government.…
California Approves $750M Tax Credit to Keep Film and TV Jobs Local
California lawmakers just passed a bill that increases the state’s film and TV production tax credit from $330 million to…
The Most Common Tax Filing Mistakes (And How to Avoid Them)
Filing taxes can be confusing, and even a small mistake can lead to delays, penalties, or extra stress. Here are…
How U.S. States Support Veterans with Tax Breaks
Many U.S. states and territories offer special tax breaks to Veterans, their families, and survivors. Whether you’re a Veteran, a…
IRS Names Third Acting Commissioner in One Week Amid Internal Power Struggle
The Internal Revenue Service (IRS) has a new acting commissioner: Michael Faulkender. He’s the third person to take over the…
What You Need to Know Before Tax Day 2025
Tax season is here, and it’s important to know when everything is due. For both federal taxes (IRS) and California…
IRS Tax Forms 1120 and 1120S: A Complete Guide
In the United States, corporations must file specific tax forms that detail their financial activity throughout the fiscal year. The…
Rising Refunds: Average Tax Refunds Increase by 7.5% in Early 2025
The Internal Revenue Service (IRS) is currently experiencing a challenging period filled with publicly discussed issues such as significant job…
IRS Scam Alert: How to Spot Fraudulent Calls and Protect Your Information
Recent headlines have sparked alarm with news that as many as 15,000 Internal Revenue Service (IRS) employees could face layoffs.…