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
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.
Taxes May 15, 2026
Taylor Swift, Lawsuits and Quirky Exemptions: How Empty Homes Tax Works in Six Locations
San Diego will vote on a vacant homes tax in June. Here's how it works in Rhode Island—home of the "Taylor Swift Tax"—and elsewhere.
Small Business May 15, 2026
State Officials Demand Transparency as Businesses Get Billions in Trump Tariff Refunds
The administration could potentially hand back over $166 billion following a Supreme Court decision ruling the tariffs illegal.
Taxes May 15, 2026
New Tax on NYC Real Estate Sales Aimed at Helping Mamdani Close City Budget Gap
The new tax, which would assess a surcharge of 1% of the sale price for city homes purchased in cash for at least $1 million, is expected to generate $160 million annually.
Taxes May 15, 2026
IRS Extends Tax Deadline Again for Most Western Washington Residents
Tax Day may have passed weeks ago, but Washington residents living in areas affected by storms, flooding and landslides late last year are getting yet another extension.