Trump Account App Released Ahead of Initial Contribution Date
The Treasury Department announced on Thursday that the app for managing Trump accounts, a new tax-favored account for children, is now available …
Bipartisan ‘PARITY’ Act Introduced to Modernize Digital Asset Tax Rules
A bipartisan group of lawmakers has introduced sweeping legislation to establish a new tax framework for digital assets, aiming to …
Bipartisan Bill Would Boost Rental Housing Supply With New Deduction
A bipartisan group of House Ways and Means Committee members is calling for a new immediate deduction for residential rental …
Watchdogs, Former Prosecutor Sue to Block Trump-DOJ Settlement Fund
Two federal lawsuits filed May 22 seek to dismantle the $1.776 billion Anti-Weaponization Fund created through a settlement between President Donald Trump and the …
Strong Recordkeeping Key Amid Form 990 Changes, Tax Pro Says
The IRS is expected to issue regulations revising Form 990, the annual information return required of tax-exempt organizations. Matthew Petroski, …
Top Democrats Demand Answers on Trump-DOJ Settlement
Ranking Democrats on two House committees are demanding documents and answers from the Treasury Department, Department of Justice (DOJ), and …
Experts Share Refund Opportunities After Kwong, Abdo Decisions
A panel of tax controversy experts at the 2026 ABA May Tax Meeting on May 8 discussed two court decisions …
DOJ Settlement ‘Forever’ Bars IRS Trump Audits, Sparks Backlash
The Department of Justice has issued an order that permanently bars the IRS from auditing past tax returns of President …
IRS Finalizes Rules to Ease Partnership Interest Sales Reporting
The IRS has issued final regs that permanently resolve a longstanding compliance problem by removing the requirement that partnerships furnish …
Trump Ends $10B Legal Battle With IRS as DOJ Orders Settlement Fund
President Donald Trump has filed a notice of voluntary dismissal in his $10 billion lawsuit against the IRS and the …