The Latest

President Trump expressed optimism that lawmakers could reach a compromise on the state and local tax deduction, a sticking point in his "One Big Beautiful Bill."

The Trump administration is privately considering unleashing what advocates and critics agree would be one of its biggest cudgels yet to pressure colleges.

Our profession truly seems to have gone from famine to feast in an accelerated timeframe, but this new abundance also requires a very different game plan to win.

The IRS got a case dismissed from the Tax Court by applying a taxpayer's overpayments to their earlier tax liability.

Private equity in the profession; green cards and exit taxes; governance for preparers; and other highlights from our favorite tax bloggers.

The provision would allow energy companies subject to a 15% corporate alternative minimum tax to deduct certain drilling costs when calculating taxable income.

A group of tax organizations, including the NATP and NAEA, hopes to preserve the core tax functions relied on by tax professionals despite cutbacks at the IRS.

Big Four firm KPMG announced the launch of its new multi-agent AI platform, Workbench, which will serve as a foundational and single AI platform.

Payments platform Tipalti announced it has acquired Statement, an AI-powered treasury automation solution.

In the age of AI, the professionals who will excel are those who invest as much in empathy, communication and critical thinking as they do in technical skills.