Hochul wants tax on NYC second homes worth $5 million-plus
The second-home plan is expected to be part of ongoing state budget negotiations and would levy a yearly surcharge on pied-à-terres.

Tax refunds are up, but many Americans aren't feeling it
Americans rushing to meet the tax deadline are getting bigger refunds on average thanks to Trump's tax law, though the savings are falling short of his promises.

Tax experts: Don't game IRS automated systems
IRS automated systems handle things a little differently than human examiners and practitioners should be aware of the differences.

IRS struggles against nonfilers with large foreign bank accounts
The Internal Revenue Service rarely penalizes taxpayers who have high balances in foreign bank accounts and fail to file the proper forms, according to a new report.

Wyden introduces bills to close tax shelters
The Senate Finance Committee ranking member introduced two bills cracking down on grantor retained annuity trusts and private placement life insurance.

In the blogs: HIPAA HIPAA hooray
IT hygiene; final tally; movements in the U.S. dollar; and other highlights from our favorite tax bloggers.

Accounting MOVE survey opens
The theme of this year's survey is "Caught in the Middle," exploring how caregiving responsibilities, as well as other responsibilities outside work, affect accounting professionals navigating their careers.

IRS braces for last-minute surge of tax filings
The Internal Revenue Service will need to be ready for a wave of tax return filings from procrastinating taxpayers, as well as requests for extensions.

AI is delivering tangible benefits this tax season
From spotting anomalies to enhancing accuracy to streamlining client communication, tax preparers are no longer being bogged down by operational inefficiencies.

PwC shakes up UK consulting unit in global integration drive
The U.K. arm of the Big Four accountancy firm is merging its consulting and risk divisions, shrinking its offering from five service lines to four.