Trump administration

Cruise operators may yet avoid paying more corporate taxes despite threats from the U.S. Commerce Secretary to close favorable loopholes.

Trump signed an executive order undertaking a massive regulatory review to fulfill his campaign pledge of eliminating rules stifling businesses and innovation.

Elon Musk responded to a post suggesting a "DOGE Dividend" with a $5,000 check sent to taxpaying households, saying he would "check with the president."

The Department of Government Efficiency says it has saved $55 billion in federal spending so far, but its website only accounts for $16.6 billion of that.

The order called for agencies including the SEC and the FTC to submit draft regulations for White House review before publication.

The Internal Revenue Service is reportedly planning layoffs of thousands of first-year probationary employees in the midst of tax season as soon as this week.

From the International Revenue Service to international issues, the second Trump administration promises plenty of change in the world of tax.

Under the new administration, accountants can expect a lighter hand from the Public Company Accounting Oversight Board and other regulators.

The IRS would give a temporary detail to provide software engineering expertise to a special advisor to the director at the Office of Personnel Management.

Senate Democrats criticized Treasury Secretary Scott Bessent for what they call a "lack of candor" about what DOGE workers are doing with U.S. payment systems.