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Latest News & Web Pages
IRS outlines terms of settlement in easement disputes
1+ hour, 13+ min ago (604+ words) The Internal Revenue Service provided more details Wednesday about the settlements it's offering for a limited time to taxpayers involved in syndicated conservation easement and historic preservation claims disputed by the IRS as tax shelters. The tax law allows an…...
Why didn't offshoring work out the first time?
3+ hour, 36+ min ago (527+ words) Dun & Bradstreet's widely cited Barometer of Global Outsourcing report found that 20% to 25% of all outsourcing relationships fail within two years, and 50% fail within five years." When an offshoring relationship goes south for an accounting firm, it's natural to blame the…...
Poland stands by digital services tax, rebuffing US threats
3+ hour, 36+ min ago (463+ words) Poland will continue working on legislation to tax digital platforms, Finance Minister Andrzej Domanski said, despite threats of retaliation from the U. S. administration of Donald Trump. The legislation, which seeks to introduce a levy of up to 3% on digital platforms, has…...
Cohen & Co. expands in Michigan
3+ hour, 36+ min ago (338+ words) Top 50 Firm Cohen & Co. will acquire Troy, Michigan-based Gordon Advisors, making the state one of the firm's largest geographic markets. Gordon Advisors provides tax, assurance and advisory services to closely held and real estate entities in the middle market, and…...
Mamdani's NYC budget counts on taxing pricey second homes
3+ hour, 36+ min ago (493+ words) Most New Yorkers will not have to worry about seeing their property tax rates go up soon. But for a small number of those who own luxury second homes in the city, the prospect is still alive." Mayor Zohran Mamdani…...
In the blogs: Viruses are back!
19+ hour, 44+ min ago (147+ words) "Pied--terre" tax; warning shot; Section 122 tariffs; and other highlights from our favorite tax bloggers. Hit the road now The median fraud loss per case in the ACFE study was $104, 000, but the average loss per case was $1, 457, 000, while 20% had losses…...
$35 B in tariff refunds cleared for importers so far
22+ hour, 25+ min ago (377+ words) The Trump administration is in the process of issuing more than $35. 5 billion to importers who successfully filed for tariff refunds after the U. S. Supreme Court found the president's signature economic policy unlawful, according to a new court filing. The payments are…...
US sees smaller April budget surplus on lower tax receipts
22+ hour, 25+ min ago (499+ words) The U. S. saw a smaller budget surplus in April " a key month for federal revenues " as individual and corporate tax receipts dropped in the wake of President Donald Trump's signature tax cut legislation. Spending, meantime, went up in April, thanks especially…...
Mamdani scraps property tax hike, counts second-home revenue
22+ hour, 25+ min ago (744+ words) New York City Mayor Zohran Mamdani has ditched his plan to raise New Yorkers' property taxes " an unpopular measure he threatened to use to help close a two-year deficit." The decision to drop the tax hike came as Mamdani unveiled…...
GOP leaders mull gas tax suspension as momentum grows
22+ hour, 25+ min ago (355+ words) Speaker Mike Johnson called suspending the federal gas tax "an intriguing idea" but didn't commit to a timeline as momentum builds in both chambers to take action. "You have to look at any unintended consequences and evaluate all that, so…...