Tax News from Accounting Today

New York City's new pied-à-terre tax is prompting financial advisors to help wealthy clients reassess their options, from residency status to estate plans.

The IRS and the Treasury want taxpayers to take advantage of the federal Saver's Match program for retirement accounts as part of the new TrumpIRA.gov website.

With extensive staffing cuts at the IRS since last year, fresh questions are arising over the usefulness of the CAP program for corporate taxpayers.

The IRS needed a month to process paper tax returns this filing season, double the amount last year, due to staffing shortages and unavailable systems.

If the DOJ can revise immunity language in one of the highest-profile tax settlements in memory, then no closing agreement your client is holding is immune.

The wide-ranging Taxpayer Assistance and Service Act includes a requirement for a new IRS office to educate businesses about child care tax breaks.

One Range Rover, two Ferraris; quite a JOLT; live-video app; and other highlights of recent tax cases.

Companies claiming tax credits for carbon capture technology have been confronting heavy compliance requirements, prolonged waits and uncertainty.

The Internal Revenue Service is giving organizations more ways to view digital notices, make payments, and access and manage federal tax account info online.

Taxes don't pause; chaotic policy; larger tax burden; and other highlights from our favorite tax bloggers.

The IRS and the Treasury issued guidance on the permanent extension of the employer tax credit for paid family and medical leave under the OBBBA.

The IRS's overall improper payment rate on refundable tax breaks increased from 21.9% in 2024 to 26.5% in 2025, totaling about $28.1 billion.

The October tax nightmare is not caused by the deadline. It's caused by treating July and August as downtime.

The Internal Revenue Service slashed the number of languages it supported from 20 to seven in response to an executive order from President Trump.

The IRS recently changed how it oversees every credentialed tax professional in the country. Most practitioners had no idea it was coming.

Single Shot; don't do drugs; not so Niceville; and other highlights of recent tax cases.

Charitable remainder annuity trusts can be helpful, but advisors should be careful to follow new guidance issued by the IRS and U.S. Treasury Department.

The IRS's Criminal Investigation unit issued a fraud alert warning about scammers who are targeting cryptocurrency holders with convincing fake IRS letters.

The Senate Finance Committee voted nearly unanimously to approve a wide-ranging bipartisan tax administration bill aimed at improving operations at the IRS.

By coordinating with a client's other financial professionals, such as lawyers and accountants, financial advisors have the potential to deliver even more value.