Taxes June 9, 2026
People Are Using AI to Do Their Taxes. Nobody Is Checking the Work
This is the part of the AI-in-tax conversation that the profession has largely missed.
Taxes May 21, 2026
AICPA Urges Taxpayer Relief in Use of IPIC Method for Last-In, First-Out Inventory
The letter cites recent changes made by the Bureau of Labor and Statistics (BLS) to the PPI detailed report.
Technology May 20, 2026
Verito and NATP Partner on AI Governance and Cybersecurity Curriculum for Tax Professionals
Verito is partnering with the National Association of Tax Professionals to deliver an AI governance and cybersecurity curriculum, built specifically for tax preparers, to NATP's 23,000-plus members nationwide.
Taxes May 20, 2026
Michigan Tax Audits Skipping Over Out-of-State Big Businesses, Whistleblowers Say
Despite out-of-state taxpayers historically contributing the majority of tax revenue, out-state auditing operations for Michigan have been under "serious erosion," the state House Oversight Committee was told.
Taxes May 19, 2026
IRS Deal Reportedly Bars Agency from Auditing Trump
The agreement by the IRS is just one part of a major settlement resolving the case.
Taxes May 19, 2026
Shakira Wins in Court with Spain Ordered to Repay $70 Million After Tax Fraud Acquittal
Shakira’s long tax-fraud nightmare has ended with the government of Spain on the hook to refund nearly $70 million to the Colombian-born singer.
Taxes May 19, 2026
Form 8621 Non-Filing Risk: Why PFIC Compliance Deserves More Attention
Under the international information reporting rules, if a required Form 8621 is not filed, the IRS may be able to keep the statute of limitations open on the entire tax return indefinitely.
Taxes May 18, 2026
What’s the Tax Verdict on Deducting Legal Fees?
As evidenced by a new Tax Court decision, Rosso, TC Memo 2025-115, 11/6/25, payment of fees relating to some types of legal actions may still be deductible.
Taxes May 18, 2026
AICPA Recommends Nearly 200 Guidance Priorities for the IRS
The American Institute of CPAs provided the IRS with 193 recommendations for the tax agency's 2026-2027 Priority Guidance Plan.
Taxes May 18, 2026
Justice Department Rolls Out $1.8B Fund as Part of Trump Settlement with IRS
The Justice Department announced May 18 a new $1.8 billion “anti-weaponization fund” to compensate anyone for perceived targeting by past administrations as part of settling President Donald Trump’s $10 billion suit against the IRS.
Taxes May 18, 2026
IRS Lays Out Terms for Conservation Easement Dispute Settlements
The IRS last week announced the terms of a new settlement opportunity for eligible taxpayers involved in syndicated conservation easement or historic preservation easement disputes with the tax agency.
Taxes May 18, 2026
Trump’s IRS Lawsuit May End with a $1.7 Billion Compensation Fund
U.S. officials have discussed creating a $1.7 billion federal fund to pay victims of so-called government weaponization to resolve President Donald Trump’s lawsuit against the Internal Revenue Service.
Taxes May 18, 2026
Anti-Income Tax Constitutional Amendment in New Hampshire Falls Short
A final effort to put an anti-income-tax amendment for the New Hampshire Constitution up for a statewide vote this fall failed on May 14.