Experts unpack proliferating AI tax proposals
Lawmakers have proposed a variety of options to change the tax treatment of AI, from new excise taxes to eliminating …
Treasury proposes rules defining stablecoin issuance, sales in U.S.
The Treasury Department has proposed rules defining what counts as issuing, offering, or selling payment stablecoins in the United States, …
Crypto bills add clarity while exposing noncompliance, expert says
Two pending digital asset bills would provide needed regulatory and tax clarity but could heighten criminal tax exposure for noncompliant …
5th Circuit changes course on limited partner tax exclusion
The 5th U.S. Circuit Court of Appeals has withdrawn its January 2026 decision broadly construing the term “limited partner” for …
GAO finds paper refund wait times almost tripled in 2026 tax season
Paper filers waited nearly three times longer for refunds during the 2026 filing season, and the IRS issued more than …
Domestic entities off the hook for beneficial ownership reporting under final rule
Treasury’s Financial Crimes Enforcement Network (FinCEN) has released a long-awaited final rule removing the requirement for U.S. entities and persons to report …
New York City to continue pied-à-terre tax rollout despite court challenge
New York City is moving ahead with its new pied-à-terre tax, despite a pending court challenge and a temporary restraining …
8th Circuit denies equitable tolling after law firm’s SCOTUS win
A law firm that persuaded the U.S. Supreme Court to make a Tax Court filing deadline eligible for equitable tolling …
Congress passes taxpayer disaster relief bill
Before leaving for August recess, the Senate passed legislation aimed at providing tax relief to natural disaster survivors. Senator Ron …
Guidance on new Saver’s Match program issued
The IRS announced its intent to propose regulations for the new federal Saver’s Match, a government contribution to the retirement …