In the News

Taxes in the headlines, from pop culture to current events.

Article
Jun 26th, 2015

Top 7 Things Same-Sex Couples Need to Know About Marriage and Taxes

Today, the Supreme Court decided same-sex couples have the fundamental right to marry. That means regardless of what individual states may have decided in the past (we decoded the confusing discrepancies here), all same-sex couples can now get married and have those unions legally recognized. Additionally, those already married and living in states that currently […]

advance premium tax credit
Jun 25th, 2015

Supreme Court Upholds ACA Advance Premium Tax Credits

The Supreme Court has decided the federal Marketplace for health insurance may continue providing advance premium tax credits. In short: nothing changes. For the 6.3 million people enrolled in health insurance through a Marketplace and receiving an APTC to help pay monthly premiums, that tax credit is not affected and can continue in the future. […]

business deduction
May 4th, 2015

Tax Return of the Jedi

Ed note: Warning: what follows is not for the faint of heart. But, if you love talking taxes or frequent the Wookieepedia boards, then you are in for a treat. Enthusiasm for Star Wars has spiked recently with the release of the much-anticipated trailer to the next chapter in the series, The Force Awakens. Both […]

football
Apr 30th, 2015

Tax-Exempt No Longer: The NFL’s Tax History and Future

Ed note: You may have just finished paying a tax bill for 2014, but you know who didn’t? The National Football League. However, Mike Slack (one of our Tax Institute experts) explains how that changed this week.  When most people think about tax-exempt organizations, churches, schools and charities often come to mind. These fall under […]

advance premium tax credit
Apr 13th, 2015

File a Tax Return or Risk Losing Advance Premium Tax Credit

As of April 9, two out of three U.S. taxpayers had already filed their tax returns. Bad news? There are still a third of you out there who may need to file. In fact, estimates show that about 7.5 million taxpayers annually do not file returns but should, based on data received by the IRS. Leer […]

bet
Apr 2nd, 2015

Madness of Gambling in the United States

Ed note: Have you caught basketball fever? It’s around this time of year that gambling – and the tax issues related to it – gets a lot of conversation. While Warren Buffet took his million-dollar prize off the table, you may still be pocketing a nice wad of cash from the office pool or from […]