Taxpayer group sues IRS over donor lists
The National Taxpayers Union Foundation's Taxpayer Defense Center filed a lawsuit seeking to end the collection of donor information from nonprofits.

Judge rules Trump IRS immunity deal has no 'basis in law'
A federal judge ruled that President Donald Trump's lawsuit against the Internal Revenue Service was a "bad faith" attempt to manipulate the judicial process.

AI — the catalyst and solution to advisory
Accounting firms that don't keep up with artificial intelligence risk falling behind their own clients, says Madeline Reeves, founder and CEO of Fearless Foundry.

Cost segregation in the age of AI
AI tools cannot be the preparer of a tax position. They cannot be subject to Circular 230, defend a study under exam or be professionally disciplined.

Ex-Virgin Money boss to chair UK audit watchdog
Former banking boss Jayne-Anne Gadhia has been picked to chair the U.K.'s audit regulator, the government announced.

NYC lawyers slam pied-a-terre tax
Frustrated real estate lawyers are pleading with New York City officials for more details on how a new tax on luxury second homes is going to work.

World Cup bets on prediction markets may get tax edge over gambling
Americans using prediction markets to bet on the World Cup may face less tax burden than peers wagering through sportsbooks thanks to investment tax breaks.

California lawmakers push fix for Hollywood tax credits
A California business tax credit cap threatens to drive away film and television production, according to lawmakers who demanded a fix from Governor Gavin Newsom.

Companies receiving tariff refunds, at least for now
The Trump administration is in the process of refunding tariffs to importers, but the threat of further tariffs has clouded the picture for companies and accountants.

IRS frees life insurance exchanges from tax traps
Final regulations on Section 1035 insurance exchanges eliminate problems from earlier regulations that affected corporate reorganizations and death benefits.