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Electric vehicles (EVs) have long been championed as a step toward a more sustainable future. But their rise presents a fiscal challenge: shrinking gas tax revenues that fund critical infrastructure. Oregon lawmakers are now weighing a major shift—charging EV owners a per-mile fee  or flat annual charge to replace lost fuel tax revenue. What Happened Oregon faces a $300 million transportation budget shortfall  driven by inflation and reduced fuel tax collections. Proposals i

In 2025, more states are including laptops and tech accessories in their back-to-school sales tax holidays. This article breaks down which states qualify, the exemption thresholds, and how tax professionals and retailers can prepare for compliance challenges and audit risks.

In 2025, more states are including laptops and tech accessories in their back-to-school sales tax holidays. This article breaks down which states qualify, the exemption thresholds, and how tax professionals and retailers can prepare for compliance challenges and audit risks.

In 2025, more states are including laptops and tech accessories in their back-to-school sales tax holidays. This article breaks down which states qualify, the exemption thresholds, and how tax professionals and retailers can prepare for compliance challenges and audit risks.

Tax season 2026 could look very different. According to a new JPMorgan research report , U.S. taxpayers are expected to see larger-than-usual refunds , averaging $3,743 per filer . This refund surge comes as a result of ongoing withholding levels under the One Big Beautiful Bill Act (OBBBA) , which reshaped withholding tables but delayed certain offsetting changes until tax year 2026. For CPAs, financial planners, and businesses, this development could shift both tax workflo

In 2025, more states are including laptops and tech accessories in their back-to-school sales tax holidays. This article breaks down which states qualify, the exemption thresholds, and how tax professionals and retailers can prepare for compliance challenges and audit risks.

The IRS has officially announced the opening of the application period for the 2026 Compliance Assurance Process (CAP) , starting September 3, 2025, and closing October 31, 2025 . This marks a key opportunity for large corporate taxpayers to gain pre-filing certainty  on complex tax positions before their returns are filed. What Happened The IRS confirmed in its August 18, 2025 release  that applications for the 2026 CAP program  will be accepted for nearly two months this f

After more than four decades without a property reassessment, Delaware has enacted a new “fairness law” aimed at protecting homeowners from sudden and disproportionate tax hikes . The reform comes as part of the state’s effort to modernize its property tax system while easing the financial burden on residents. What Happened Delaware’s first property reassessment in 40+ years  resulted in updated property values across the state, leading to sharp tax increases for many homeown

The renewable energy industry has been waiting for clarity and now it has arrived. On August 15, 2025 , the IRS released Notice 2025-42 , which provides long-awaited guidance on what qualifies as the “beginning of construction” for renewable energy projects under the One Big Beautiful Bill Act of 2023 . This notice is pivotal for developers, tax professionals, and investors seeking to secure tax credits under IRC §§45Y (Clean Electricity Production Credit)  and 48E (Clean El

Health insurance costs can be one of the biggest expenses for retirees. Knowing which premiums are tax-deductible isn’t just a nice-to-have, it can save you thousands. In this article, you’ll learn exactly which health insurance premiums qualify, how to claim them, and what rules apply to different scenarios, from Medicare plans to self-employed retirees. We’ll also show you how AI tools like Bizora.ai can make navigating these deductions faster and more accurate. Understand

Taxes aren’t just about filing forms. The right advisor can shape how much you keep, how you grow your money, and how you avoid costly...

A startup founder contributes $500,000 worth of intellectual property to his new corporation. He expects no immediate tax bill since...

In 2025, more states are including laptops and tech accessories in their back-to-school sales tax holidays. This article breaks down which states qualify, the exemption thresholds, and how tax professionals and retailers can prepare for compliance challenges and audit risks.

In 2025, more states are including laptops and tech accessories in their back-to-school sales tax holidays. This article breaks down which states qualify, the exemption thresholds, and how tax professionals and retailers can prepare for compliance challenges and audit risks.

In 2025, more states are including laptops and tech accessories in their back-to-school sales tax holidays. This article breaks down which states qualify, the exemption thresholds, and how tax professionals and retailers can prepare for compliance challenges and audit risks.

In 2025, more states are including laptops and tech accessories in their back-to-school sales tax holidays. This article breaks down which states qualify, the exemption thresholds, and how tax professionals and retailers can prepare for compliance challenges and audit risks.

The IRS has quietly issued a major policy clarification: taxpayers are now entitled to receive a copy of their Appeals Case Memorandum (ACM) upon request . Announced via the National Taxpayer Advocate’s office and highlighted by Journal of Accountancy , the shift marks a notable change in transparency from the IRS Office of Appeals—a critical, and often opaque, part of the tax controversy process. For tax professionals representing clients in disputes , this is a procedural g

Colorado lawmakers are confronting a projected $1 billion budget deficit , and a new set of revenue-raising proposals is now on the table including measures that could have direct tax implications for businesses, employees, and advisors statewide . The two most controversial proposals? Ending the state's conformity with certain federal tax cuts under the OBBBA Act Reinstating state taxation on tipped income Both proposals are early in the legislative cycle, but tax profession

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