Tax News from Accounting Today

Toxic pollutants; fabricated gambling winnings and losses; financial shortfalls; and other highlights of recent tax cases.

Advisors can leverage the updated opportunity zone program, starting in January, to help ultrahigh net worth clients defer capital gains.

The projected U.S. tax rates give tax professionals an early look at potential adjustments that could affect their 2027 tax planning for their clients.

A federal appeals court upheld a lower court order preventing the IRS from sharing massive amounts of taxpayer data with Immigration and Customs Enforcement.

Tax audits by the Internal Revenue Service focus overwhelmingly on the richest taxpayers — and on the poorest, leaving middle-income earners the least likely to be audited.

Both the U.S. and Canada have increased tariffs across the border in recent weeks, ratcheting them as high as 50% — and businesses are caught in the middle.

Appeals versus the Tax Court; fourth quarter tax projections; state budget planning; and other highlights from our favorite tax bloggers.

Most Internal Revenue Service employees avoided directly contacting taxpayers who were represented by tax professionals, but there were some misunderstandings.

The IRS will be cracking down further on people who fail to file tax returns after earlier efforts didn't do enough, according to a new report.

While donating stock is a clear win for clients to avoid capital gains taxes, gifts of property require a qualified appraisal to get a deduction.

Special Tax Shelter Strategy; ghost prepared; material falsehoods; and other highlights of recent tax cases.

Investors who have taken advantage of opportunity zones may be facing hefty tax bills on their long-deferred capital gains unless they do some careful planning.

The Treasury Department and the IRS issued proposed regulations threatening to end the tax-exempt status of schools that offer programs to help minority groups.

Disaster-related tax relief; Montana loophole; sales tax triggers; and other highlights from our favorite tax bloggers.

The proposed investment rules for Section 530A accounts, also known as Trump accounts, limit choices, and advisors say that could make decisions easier.

Taxpayers paid the IRS $5.3 trillion in fiscal year 2025, up 13.2% from fiscal year 2023 and the highest amount ever, without adjusting for inflation.

The difference between bleeding a third of gains to taxes and being able to keep compounding isn't luck or a secret loophole. It's structure.

The 2025 tax law changed the factors involved in the decision to convert a traditional IRA to a Roth.

One of the biggest challenges financial teams face today is determining where they have nexus — where exactly they need to collect sales tax.

OnlyFans; Telegram app; seven acres in Evergreen; and other highlights of recent tax cases.