While Trump Touts Tax Cuts, Some Americans Wait for Their Money Within hours of filing his tax return, Chris Carroll realized he’d given the IRS the wrong bank account information. It took him weeks to clear up the mistake.

Within hours of filing his tax return, Chris Carroll realized he’d given the IRS the wrong bank account information. It took him weeks to clear up the mistake.

US Audit Board Plans to Formalize Brokerage Inspections (1) A member of the US audit board said Tuesday that it would formalize its inspection program for auditors of brokerage firms, replacing its more than decade-old “interim” reviews.

A member of the US audit board said that it would formalize its inspection program for auditors of brokerage firms, replacing its more than decade-old “interim” reviews.

NYC Building Owner Must Use Tax Appeal Process, High Court Says The owner of a New York City apartment building may not challenge the denial of a property tax break without going through the administrative appeals process, the state’s high court ruled Tuesday.

The owner of a New York City apartment building may not challenge the denial of a property tax break without going through the administrative appeals process, the state’s high court ruled.

EU Will Limit Tax Data Disclosure to Advance VAT Anti-Fraud Bill EU countries are poised to approve a bill giving the bloc’s anti-fraud agencies access to tax data after amendments were added to ensure privacy rules.

EU countries are poised to approve a bill giving the bloc’s anti-fraud agencies access to tax data after amendments were added to ensure privacy rules.

Prediction Markets Need Clearer Definition Before States Tax Them Opinion: Prediction markets—online platforms that let people bet on event outcomes—are a booming business. But they need to be clearly defined from a legal standpoint before being taxed at a state level.

Opinion: Prediction markets—online platforms that let people bet on event outcomes—are a booming business. But they need to be clearly defined from a legal standpoint before being taxed at a state level.

Tax-the-Rich Boosts Appeal of Bonds That Give Shelter to Wealthy Democrats around the country are pushing forward on plans to tax the rich — moves that are supportive for the tax-exempt municipal-bond market.

Democrats around the country are pushing forward on plans to tax the rich — moves that are supportive for the tax-exempt municipal-bond market.

Second-Home Tax Plan Is Set for Final Budget, NY Official Says New York Gov. Kathy Hochul’s proposed tax on second homes in New York City worth more than $5 million will end up in the final budget plan, a state official said at a Tuesday discussion hosted by a nonprofit focused on state and city finances.

New York Gov. Kathy Hochul’s proposed tax on second homes in New York City worth more than $5 million will end up in the final budget plan, a state official said at a Tuesday discussion hosted by a nonprofit focused on state and city finances.

More IRS Budget Slashing Is Short-Sighted and Doomed to Fail Opinion: Lawmakers should reject President Donald Trump's proposed IRS cuts and instead invest in the tools, technology, and personnel needed to provide an IRS that serves all taxpayers.

Opinion: Lawmakers should reject President Donald Trump's proposed IRS cuts and instead invest in the tools, technology, and personnel needed to provide an IRS that serves all taxpayers.

States Rethink Income Tax Cuts as Triggers Fail to Guard Budgets North Carolina’s Republican-led legislature returns to session Tuesday at odds with the state’s Democratic governor—and itself—over whether to pause the state’s planned personal and corporate income tax cuts to address a potential $2.8 billion budget deficit in two years.

North Carolina’s Republican-led legislature returns to session Tuesday at odds with the state’s Democratic governor—and itself—over whether to pause the state’s planned personal and corporate income tax cuts to address a potential $2.8 billion budget deficit in two years.

Canada’s Transfer Pricing Overhaul Demands Proactive Preparation Opinion: Canada's shift from a form-over-substance approach on transfer pricing to one more closely aligned with OECD standards means that multinationals doing business in the country will need to navigate the rules with care.

Opinion: Canada's shift from a form-over-substance approach on transfer pricing to one more closely aligned with OECD standards means that multinationals doing business in the country will need to navigate the rules with care.

Beware of the Measurement Gaps in New Small Business Stock Rules Opinion: Practitioners who treat the 2025 federal tax law simply as a gift-wrapped expansion of qualified small business stocks are walking into real compliance risk.

Opinion: Practitioners who treat the 2025 federal tax law simply as a gift-wrapped expansion of qualified small business stocks are walking into real compliance risk.

Republic Airways’ Property Tax Appeal Revived by Indiana Court Republic Airways Holdings Inc. will get another chance to challenge termination of its property tax abatement for a training center at the Indianapolis airport, after the Indiana Court of Appeals revived its case.

Republic Airways Holdings Inc. will get another chance to challenge termination of its property tax abatement for a training center at the Indianapolis airport, after the Indiana Court of Appeals revived its case.

Corporate Tax Departments Face New Era of Global Fragmentation The sudden reversal of the trend toward globalization has tax departments mulling how to adapt to a more fractured and decentralized world.

The sudden reversal of the trend toward globalization has tax departments mulling how to adapt to a more fractured and decentralized world.

SVB Investors Warn KPMG of Expanded Claims Over Bank Collapse KPMG LLP is bracing for an expanded set of investor claims including securities fraud in an ongoing court fight over the Big Four accounting firm’s audits for failed Silicon Valley Bank.

KPMG LLP is bracing for an expanded set of investor claims including securities fraud in an ongoing court fight over the Big Four accounting firm’s audits for failed Silicon Valley Bank.

Australia Senate Set to Grill Energy Companies on LNG Export Tax Executives of major Australian gas companies are facing Senate cross-examination this week as they battle a proposed tax on petroleum exports.

Executives of major Australian gas companies are facing Senate cross-examination this week as they battle a proposed tax on petroleum exports.

Trump, IRS Ask for Pause in $10 Billion Suit Over Tax Data Leak President Donald Trump and the IRS are still hashing out a settlement in a $10 billion lawsuit against the agency after the president’s data was part of historic leak of billionaires’ tax information.

President Donald Trump and the IRS are still hashing out a settlement in a $10 billion lawsuit against the agency after the president’s data was part of historic leak of billionaires’ tax information.

Canada’s Transfer Pricing Overhaul Demands Proactive Preparation Opinion: Canada's shift from a form-over-substance approach on transfer pricing to one more closely aligned with OECD standards means that multinationals doing business in the country will need to navigate the rules with care.

Opinion: Canada's shift from a form-over-substance approach on transfer pricing to one more closely aligned with OECD standards means that multinationals doing business in the country will need to navigate the rules with care.

Watchdog Slams IRS Effort on Foreign-Asset Reporting Scofflaws The IRS has failed to do enough to crack down on wealthy taxpayers who ignore their obligations to report their foreign-held assets, a Treasury Department watchdog said Tuesday.

The IRS has failed to do enough to crack down on wealthy taxpayers who ignore their obligations to report their foreign-held assets, a Treasury Department watchdog said Tuesday.

IRS Funding Clawbacks Would Be Reversed Under Senators’ Bill Senators are introducing legislation that would provide tens of billions of dollars funding to the IRS, undoing a series of clawbacks.

Senators are introducing legislation that would provide tens of billions of dollars funding to the IRS, undoing a series of clawbacks.

Minnesota Weighs First-in-Nation Tax on Wealth Above $10 Million Minnesota lawmakers are weighing legislation imposing what backers say would be the nation’s first true state-level wealth tax—a 1% annual levy on all “taxable wealth” above $10 million.

Minnesota lawmakers are weighing legislation imposing what backers say would be the nation’s first true state-level wealth tax—a 1% annual levy on all “taxable wealth” above $10 million.

House GOP Spending Bill Floats Cuts to IRS, SEC Funding (1) House Republicans floated annual funding cuts to the IRS and the District of Columbia, but called for a slight increase to the General Services Administration buildings fund as part of a measure that will likely face stiff opposition from Democrats.

House Republicans floated annual funding cuts to the IRS and the District of Columbia, but called for a slight increase to the General Services Administration buildings fund as part of a measure that will likely face stiff opposition from Democrats.

PwC Shakes Up UK Consulting Unit in Global Integration Drive PwC is expanding its UK consulting business as part of a shakeup at the professional services firm to give clients a more globally integrated approach.

PwC is expanding its UK consulting business as part of a shakeup at the professional services firm to give clients a more globally integrated approach.

Stablecoin Accounting Inspected as Coins Treated Like Cash (1) PayPal Holdings Inc. and Coinbase Global Inc. are navigating a gray area in US accounting rules by treating popular digital coins akin to cash on their balance sheets, their latest annual reports show.

PayPal Holdings Inc. and Coinbase Global Inc. are navigating a gray area in US accounting rules by treating popular digital coins akin to cash on their balance sheets, their latest annual reports show.

Broadway Poised for Tax Benefit Boost in New York Budget Plan As New York lawmakers continue to negotiate several policy issues in the overdue state budget plan, consensus is emerging around one area: providing more tax credits for Broadway and Off-Broadway productions.

As New York lawmakers continue to negotiate several policy issues in the overdue state budget plan, consensus is emerging around one area: providing more tax credits for Broadway and Off-Broadway productions.

Watchdog Slams IRS Effort on Foreign-Asset Reporting Scofflaws The IRS has failed to do enough to crack down on wealthy taxpayers who ignore their obligations to report their foreign-held assets, a Treasury Department watchdog said Tuesday.

The IRS has failed to do enough to crack down on wealthy taxpayers who ignore their obligations to report their foreign-held assets, a Treasury Department watchdog said Tuesday.

IRS Funding Clawbacks Would Be Reversed Under Senators’ Bill Senators are introducing legislation that would provide tens of billions of dollars funding to the IRS, undoing a series of clawbacks.

Senators are introducing legislation that would provide tens of billions of dollars funding to the IRS, undoing a series of clawbacks.

Minnesota Weighs First-in-Nation Tax on Wealth Above $10 Million Minnesota lawmakers are weighing legislation imposing what backers say would be the nation’s first true state-level wealth tax—a 1% annual levy on all “taxable wealth” above $10 million.

Minnesota lawmakers are weighing legislation imposing what backers say would be the nation’s first true state-level wealth tax—a 1% annual levy on all “taxable wealth” above $10 million.

House GOP Spending Bill Floats Cuts to IRS, SEC Funding (1) House Republicans floated annual funding cuts to the IRS and the District of Columbia, but called for a slight increase to the General Services Administration buildings fund as part of a measure that will likely face stiff opposition from Democrats.

House Republicans floated annual funding cuts to the IRS and the District of Columbia, but called for a slight increase to the General Services Administration buildings fund as part of a measure that will likely face stiff opposition from Democrats.

PwC Shakes Up UK Consulting Unit in Global Integration Drive PwC is expanding its UK consulting business as part of a shakeup at the professional services firm to give clients a more globally integrated approach.

PwC is expanding its UK consulting business as part of a shakeup at the professional services firm to give clients a more globally integrated approach.

Australia Moves to Quell Fears on Retroactive Capital Gains Tax The Australian tax authority moved Friday to tamp down concerns that it planned a large-scale reopening of old capital gains tax cases, saying that proposed changes to the law would affect very few taxpayers.

The Australian tax authority moved Friday to tamp down concerns that it planned a large-scale reopening of old capital gains tax cases, saying that proposed changes to the law would affect very few taxpayers.