Bloomberg Tax

Puerto Rico is considering a bill that would soften the blow for foreign-owned companies that may leave the island because of a double-digit tax rate increase. news.bloombergtax.com/daily-…

Opinion: Accounting firms should treat AI-generated second opinions as proposed changes requiring evidence, not as corrected returns. news.bloombergtax.com/tax-in…

When Senator Elizabeth Warren ran for president in 2020, she suggested making America’s richest households pay a tax on their wealth. David Gamage was one of the people called in to work on it. news.bloombergtax.com/daily-…

IRS CEO Frank Bisignano said that he’ll lead an advisory council on the tax-advantaged savings vehicles also called Trump Accounts pushed by the administration. news.bloombergtax.com/daily-…

The entire Nevada Democratic congressional delegation sent a letter to IRS CEO Frank Bisignano Thursday demanding that the agency release detailed tax data, particularly concerning uptake of the tips tax break. news.bgov.com/bloomberg-gove…

The IRS’s partnership with the private sector to help taxpayers file returns for free saw a roughly 6% increase in 2026, an official said. news.bloombergtax.com/daily-…

The Treasury Department is looking to the tax preparation industry to help promote a new lucrative scholarship tax credit from the GOP’s tax-and-spending law that some groups view as divisive. news.bloombergtax.com/daily-…

The Justice Department’s civil tax lawyers are handling a growing number of syndicated conservation easement, pandemic-era employee retention credit, and Kwong cases, as well as challenges to regulations, one of the agency’s top officials said. news.bloombergtax.com/daily-…

California’s latest technology boom is fueling vast fortunes — and anger over the widening divide between the ultra-rich and everyone else. Now, voters will get a say. news.bloombergtax.com/daily-…

Ernst & Young LLP has the weight of the US markets on its shoulders with the addition of Anthropic PBC to its mix of high-value audit clients. news.bloombergtax.com/financ…

Donor-Advised Fund Donors Heed Sponsor Discretion, Accountability news.bloombergtax.com/tax-ma…

Opinion: Corporate tax departments have an opportunity to use AI to expand their role in helping the business navigate risk, evaluate tradeoffs, and support better decisions, if they ask the right questions. news.bloombergtax.com/tax-in…

IRS CEO Frank Bisignano said that he’ll lead an advisory council on the tax-advantaged savings vehicles also called Trump Accounts pushed by the administration. news.bloombergtax.com/daily-…

IRS head Frank Bisignano is donating $250 per child toward Trump Accounts for certain kids residing in his hometown ZIP code in New York City as the Trump administration seeks to boost the tax-advantaged savings vehicles. news.bloomberglaw.com/employ…

State moves to sever from parts of President Donald Trump’s signature 2025 tax law continue to complicate returns as once-humdrum decisions have been engulfed in partisan fighting, tax filing preparers said Wednesday. news.bloombergtax.com/daily-…

The IRS’s union is asking a court to declare the agency’s canceling of its collective bargaining agreement as unlawful, alleging it violated the Administrative Procedure Act. news.bloombergtax.com/daily-…

A renewed hiring effort from the IRS in its compliance divisions is signaling to the private sector that it isn’t shying away from enforcement. news.bloombergtax.com/daily-…

Artificial intelligence is changing how corporations claim research and development tax credits, with new startups and accountancy firms looking to automate a process that has long relied on manual interviews and surveys. news.bloombergtax.com/daily-…

The Laramie County Fire Authority is proudly frugal, scouring used-good marketplaces and federal surplus sites for equipment, entrusting maintenance and paint jobs to volunteers, even assembling fire trucks from salvaged parts. news.bloombergtax.com/daily-…

The US accounting board wants public input on its plan to streamline how companies apply a complex financial reporting model for strategic partnerships and joint ventures. news.bloombergtax.com/financ…