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The Fair Tax Act of 2025 seeks to replace income taxes with a national sales tax.
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Bissett Bullet: Your Biggest Challenge
Today’s Bissett Bullet: “What do you predict will be the biggest challenge in growing your firm this year?”
By Martin Bissett
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Four Problems with ‘Quick’ Tax Questions
They’re not always so simple.
By Ed Mendlowitz
Tax Season Opportunity Guide
I keep a few of the one-volume tax guides in my office so I could look up a quick answer when I need to. Recently a golf buddy emailed me a question that I thought I could answer quickly. He wanted to know that if he was in the “zero” percent capital gains tax bracket, did that apply to an unlimited amount of capital gains? Sounds like a simple question.
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Well I looked it up online and then in three one-volume tax guides. Only one source had thorough coverage of the issue. I ended up spending an hour on this “simple” question including my emailed response. Nothing is simple anymore.
Art Werner: Tax Loss Harvesting Re-Examined | Quick Tax Tip
Unpack the basics—and the big misses—of capital gains planning.
Quick Tax Tip
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CPE Today
Tax Returns Nearly Match 2024 Rates
Refunds still are the only positives.
By Beth Bellor
Tax season grinds on and the number of returns is about the same as last year, according to the Internal Revenue Service.
MORE: Tax Pros Edge DIYers in E-Filings | Tax Refund Totals Up 7% | Tax Pros Handle 46% of E-Filings | Tax Refund Totals Up 10% | Tax Refunds Plummet, but No Worries | Tax Refunds Up 18% Early On | First Tax Filing Reports Are In
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The agency had received 79.6 million individual income tax returns as of March 21 – the latest data available – down 1.1 percent from the same period in 2024. It had processed 78.7 million returns, down 0.7 percent.
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