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tax law

Tax Oddities of 2025: A Year of Surprising Tax Rules

December 31, 2025

In 2025, the tax world saw some unusual developments that left many scratching their heads. One of the most talked-about topics was the debate around tips and pornography. The IRS proposed regulations that excluded tips from illegal activities, including prostitution and pornographic activities, fro

business

California's Tax Net Casts Wider Than Expected

December 19, 2025

California's tax authorities have expanded their reach, catching a Delaware-based LLC in their net. The company, Diet Standards LLC, uses Amazon's Fulfillment by Amazon (FBA) program. They store inventory in Amazon's California warehouses. From there, Amazon ships orders to customers. The California

finance

Scams: Everyone's Problem, Not Just a Few

December 13, 2025

Scams are everywhere, and they're getting smarter. It's not just about the money you lose. It's about the mess it leaves behind. Take Larry, for example. He and his wife saved over a million dollars. It took them a lifetime. But scammers took it all in just six months. And that's not even the worst

finance

Will Middle-Class Donors Step Up to Fill the Giving Gap?

November 27, 2025

New tax laws might change how Americans give to charity. The changes could make the wealthy give less and encourage middle-class folks to give more. But will it work? The tax bill passed in July has some big changes. It lowers the tax benefit for top earners from 37% to 35%. This could mean $4. 1 b

business

China's Resource Tax Law: A Spark for Greener Businesses?

May 31, 2025

China is a massive player in the energy game. It is both the biggest energy producer and consumer on the planet. So, when it comes to sustainable development, China's moves matter a lot. In 2019, the Chinese government introduced the Resource Tax Law (RTL). This law aims to boost energy efficiency a