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.

IRS fraud rings move beyond tax refund theft
Fraudsters have been active again this tax season, but the increasing power of artificial intelligence is helping supercharge the danger of tax scams.

IRS warns preparers about misappropriating refunds
The IRS's Office of Professional Responsibility warned tax preparers of endorsing or negotiating taxpayers' federal refunds.

IFIAR sees global uptick in audit inspection problems
The International Forum of Independent Audit Regulators released a report summarizing its annual survey of inspection findings from audit regulators around the world.