Researchers link IRS staffing cuts, reporting gaps to weaker compliance
Reductions to the IRS workforce and the current design of information reporting both hamper voluntary compliance and the tax gap, …
Senators split over tax fixes as Social Security insolvency looms
The Senate Finance Subcommittee on Social Security, Pensions, and Family Policy met June 24, to weigh the future of Social …
Global tax complexity outpaces simplification, survey finds
Rising complexity and compliance burdens pose the biggest tax policy challenge for global businesses, according to a Deloitte survey of 1,010 tax …
When Is a Home Sale Really Tax-Free?
According to the National Association of Realtors, over four million existing U.S. homes were sold in 2025, with a median …
IRS Office of Professional Responsibility issues guidelines on AI use in tax practice
The IRS Office of Professional Responsibility (OPR) has released new introductory guidelines clarifying how existing professional standards under Circular 230 …
Sanders calls for tax on ‘systemically important AI activity,’ payable in equity
Senator Bernie Sanders (I-VT) has proposed a remittance tax on certain artificial intelligence companies amounting to 50% of the company’s …
Qualified Opportunity Zone transitional guidance issued
The IRS released transitional guidance on Qualified Opportunity Zones (QOZs) following recent legislative changes. The guidance addresses how investors and …
After clean energy credit eligibility ruling, tax pro advises ‘staying the course’
Earlier this month, the U.S. District Court for the District of Columbia vacated Treasury guidance that had limited options for …
As trust fund nears insolvency, SSA chief actuary shares options
The Social Security Administration’s (SSA) Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement benefits, is now projected to …
IRS silence on prediction market winnings to cause confusion as World Cup begins
The 2026 FIFA World Cup is bringing international visitors to the United States, and many can wager on match outcomes …