Tax

The Senate Finance Committee ranking member introduced two bills cracking down on grantor retained annuity trusts and private placement life insurance.

IT hygiene; final tally; movements in the U.S. dollar; and other highlights from our favorite tax bloggers.

The Internal Revenue Service will need to be ready for a wave of tax return filings from procrastinating taxpayers, as well as requests for extensions.

From spotting anomalies to enhancing accuracy to streamlining client communication, tax preparers are no longer being bogged down by operational inefficiencies.

Fraudsters have been active again this tax season, but the increasing power of artificial intelligence is helping supercharge the danger of tax scams.

The IRS's Office of Professional Responsibility warned tax preparers of endorsing or negotiating taxpayers' federal refunds.

The war in Iran is prompting states across the country to consider temporarily cutting fuel taxes, a relief measure that could cost them millions of dollars.

The IRS declined to include accountants or tax preparers as qualified occupations, despite support in public comments.

The new excise tax under the One Big Beautiful Bill Act will impose new costs on remittances sent by immigrant workers to family members abroad.

The Internal Revenue Service and the Treasury released final regulations on the new tax deduction for tipped employees under the One Big Beautiful Bill Act.