Income Tax June 3, 2026
The IRS’s ‘New’ Syndicated Conservation Easement Settlement Offer: Deja Vu All Over Again?
According to the IRS, this settlement initiative is a great deal, and taxpayers should jump on it. But is it deja vu all over again?
IRS June 3, 2026
Trump to Drop $1.8 Billion Fund in IRS Deal, But Tax Probe Ban Stays, Blanche Says
The Trump administration is moving to drop controversial plans for a $1.8 billion fund to pay victims of alleged government “weaponization,” but will still provide immunity from any probes into the president’s past tax filings under an agreed-to deal.
IRS June 1, 2026
Trump to Scrap $1.8B ‘Anti-Weaponization Fund’ Amid Broad Opposition
President Trump Monday was reportedly planning to scrap his $1.8 billion “anti-weaponization” fund, which was portrayed as a settlement to a $10 billion lawsuit he filed against the IRS.
IRS June 1, 2026
IRS Introduces Look-Back Interest Calculator for Long-Term Contracts
The IRS has unveiled a new Excel-based calculator to help businesses working on large, multi-year construction or manufacturing projects calculate the interest related to those contracts.
IRS June 1, 2026
Trump Ordered to Address ‘Grievous’ Fraud Claims in IRS Case
A federal judge ordered President Donald Trump to respond to “grievous allegations” that his deal with the government to create a $1.8 billion fund to resolve his lawsuit against the IRS was the result of a “fraud” on the court.
IRS May 29, 2026
IRS Increases Health Savings Account Limits for 2027
The IRS on Friday released its annual inflation-adjusted amounts for health savings accounts for calendar-year 2027, with across-the-board increases.
IRS May 29, 2026
Judge Temporarily Halts DOJ ‘Anti-Weaponization Fund’
The Justice Department announced the creation of the fund as part of settling a $10 billion lawsuit President Donald Trump brought against his own government, alleging violations of federal law for releases of his tax return information in his first term.
Accounting May 29, 2026
AICPA Asks Treasury and IRS for Further Guidance on Proposed Trump Account Regulations
The AICPA urges final regulations to define the term "available," which is currently unclear when determining if lower-priority individuals can open an account.
IRS May 28, 2026
IRS: Taxpayers Are Now Able to View and Submit Trump Account Elections in Their Individual Account
New features in IRS Individual Accounts now allow taxpayers to view and submit Trump Account elections, making it easier for families to invest in this tax-advantaged savings vehicle created by the One Big Beautiful Bill Act, the tax agency said May 28.
Taxes May 28, 2026
Wisconsin Democrats Propose 100% Tax on Trump ‘Weaponization’ Fund
A growing number of Wisconsin Democrats, including several sitting lawmakers and candidates for governor, are proposing a 100% tax on any funds sent to Wisconsinites convicted in the Jan. 6, 2021, storming of the U.S. Capitol.
Taxes May 27, 2026
IRS is Resurrecting the Significant Issue Ruling Program
A previous IRS program that lets taxpayers request private letter rulings on “significant issues” in certain corporate transactions, rather than requiring a ruling on the entire transaction, is being revived by the tax agency.
Taxes May 22, 2026
Taxes and Marriage: Innocent Spouse Relief Isn’t Guaranteed Forever
Although an “innocent spouse” may be absolved of their tax responsibilities, a Tax Court case shows that this special tax protection may be forfeited if the spouse later becomes aware of improprieties.