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Critical cautionary tale; reactive to proactive; consumption taxes; and other highlights from our favorite tax bloggers.

The House approved legislation to make IRS collection proceedings taxpayer friendly, safeguard tax refunds and provide judicial review of tax liability claims.

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

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.

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.

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.

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

The Securities and Exchange Commission aims to increase IPOs with changes to accelerated and non-accelerated filers and exemptions from internal control audits.

The New York City mayor held individual meetings with Chase CEO Jamie Dimon and Goldman Sachs CEO David Solomon, amid flurry of recent tax proposals.

The Securities and Exchange Commission rescinded a policy Monday requiring defendants in settled enforcement actions not to publicly deny the SEC's allegations.

The Internal Revenue Service increased overtime hours and pay for its employees after extensive staffing reductions and last fall's government shutdown.

The Internal Revenue Service has improved its ability to flag returns for signs of identity theft, adjusting its filters to reduce false positives and spot fraud.

The case centers on PwC's auditing work for Evergrande, an emblem of China's property crisis since it defaulted in 2021.

The amount of the fund is set at $1.776 billion, an apparent reference to the year 1776 and the creation of the U.S.

The American Institute of CPAs sent a list of nearly 200 recommendations to the Internal Revenue Service for the IRS's 2026-2027 Priority Guidance Plan.

Plus, WICPA elects new chair; RSM announces a big slate of leadership appointments; Weaver names a new head of its India ops; and more firm and personnel news.

The American Institute of CPAs approved a standards update to modernize how CPAs get audit evidence via external confirmation procedures.

The Financial Accounting Standards Board decided to add several projects to its technical agenda.

Intuit announced new features and enhancements for its Intuit Enterprise Suite platform for mid-market businesses with more complex needs.

The Senate Banking Committee advanced a landmark digital asset market structure bill after months of negotiations, signaling fresh momentum for the measure.