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Latest News & Web Pages
Regulators are reportedly zeroing in on suspicious trades ahead of market-moving Trump post
36+ min ago (307+ words) U. S. derivatives regulators are examining a handful of unusual oil futures trades that took place minutes before a surprise announcement by President Donald Trump signaling a pause in attacks on Iran, according to Bloomberg News. The investigation is being spearheaded by…...
Tax refunds are up, but many Americans aren't feeling it
2+ min ago (956+ words) Americans rushing to meet Wednesday's tax filing deadline are getting bigger refunds on average thanks to President Donald Trump's tax law, though the savings are falling short of his promises and many say they haven't noticed a difference. Trump's centerpiece…...
Tax experts: Don't game IRS automated systems
57+ min ago (834+ words) "I would say with tax returns, the AI is looking for inconsistencies. It used to just be that you had a human reviewing a tax return that could look and say, 'Well, this looks off to me.' Perhaps now you…...
Morgan Stanley is set to report first-quarter earnings " here's what the Street expects
7+ hour, 41+ min ago (109+ words) Morgan Stanley is set to report first-quarter earnings before the opening bell Wednesday. " Here's what Wall Street expects: Morgan Stanley is expected to benefit from robust investment banking and trading revenue in the quarter, as rivals JPMorgan Chase and Goldman…...
Bank of America is set to report earnings. Here's what to expect
8+ hour, 26+ min ago (190+ words) Bank of America is scheduled to report first-quarter earnings before the opening bell Wednesday. Here's what Wall Street expects: Bank of America, the second-largest U. S. bank by assets, has topped expectations for earnings per share for 23 consecutive quarters. The company has…...
Chinese robotaxi companies forge ahead with UAE expansion despite Iran war
12+ hour, 17+ min ago (349+ words) BEIJING " At least three Chinese robotaxi companies are pressing ahead with expansion plans in the Middle East despite the ongoing Iran war. Ride-hailing company Didi plans to begin its first overseas robotaxi test in the United Arab Emirates later this…...
In the blogs: HIPAA HIPAA hooray
23+ hour, 30+ min ago (158+ words) IT hygiene; final tally; movements in the U. S. dollar; and other highlights from our favorite tax bloggers. The Internal Revenue Service rarely penalizes taxpayers who have high balances in foreign bank accounts and fail to file the proper forms, according to…...
IRS struggles against nonfilers with large foreign bank accounts
17+ hour, 37+ min ago (390+ words) The report, released Tuesday by the Treasury Inspector General for Tax Administration, examined Foreign Account Tax Compliance Act, also known as FATCA, which was included as part of a 2010 law in an effort to tax income held by U. S. citizens in…...
Accounting MOVE survey opens
23+ hour, 33+ min ago (285+ words) The 2026 Accounting MOVE Project survey is open for participation now through July 31." The theme of this year's survey is "Caught in the Middle," exploring how caregiving responsibilities, as well as other responsibilities outside work, affect accounting professionals navigating their careers....
Wyden introduces bills to close tax shelters
18+ hour, 12+ min ago (433+ words) Senate Finance Committee ranking member Ron Wyden, D-Oregon, introduced two pieces of legislation this week aimed at cracking down on the use of grantor retained annuity trusts and private placement life insurance contracts to avoid or minimize taxes. The GRATs…...