Trump IRS suit settlement questioned by judge as case closed
The judge who oversaw the president's $10 billion lawsuit against the IRS questioned whether the government was being transparent about a settlement.

New York's Lawler casts doubt on more SALT tax relief this year
Representative Mike Lawler, a key negotiator behind the temporary increase to the cap on state and local tax deductions, pushed back on efforts to expand it.

In the blogs: Rainy days and Mondays
Critical cautionary tale; reactive to proactive; consumption taxes; and other highlights from our favorite tax bloggers.

House passes bill protecting taxpayer due process rights
The House approved legislation to make IRS collection proceedings taxpayer friendly, safeguard tax refunds and provide judicial review of tax liability claims.

AICPA backs bill limiting beneficial ownership reporting
The American Institute of CPAs expressed support for legislation limiting the reporting of U.S. businesses' beneficial ownership information to FinCEN.

Trump's IRS settlement includes dropping tax cases, audits
The Internal Revenue Service agreed not to continue any legal claims or investigations of the president's past tax returns, adding to a controversial settlement.

IMA launches AI micro-credential
The Institute of Management Accountants announced the availability of its new AI in Finance Micro-credential as part of a larger rollout of similar credentials for specialized finance and accounting competencies.

With $243B in wealth at risk, here's how to spot heirs' property red flags
The Uniform Partition of Heirs' Property Act helps families avoid forced property sales in at least 24 states, according to a study sponsored by JPMorgan Chase.

Association for Accounting Marketing launches rebrand
The AAM is rebranding itself as the Association for Accounting Growth, reflecting the profession's evolution and association members' expanding responsibilities.

FASB issues environmental credit standard
The accounting standards update aims to improve financial accounting and disclosures about activities related to environmental credits and obligations.