The Internal Revenue Service rarely penalizes taxpayers who have high balances in foreign bank accounts and fail to file the proper forms, according to a new report.
Day: April 14, 2026
Wyden introduces bills to close tax shelters
The Senate Finance Committee ranking member introduced two bills cracking down on grantor retained annuity trusts and private placement life insurance.
In the blogs: HIPAA HIPAA hooray
IT hygiene; final tally; movements in the U.S. dollar; and other highlights from our favorite tax bloggers.
Accounting MOVE survey opens
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.
IRS braces for last-minute surge of tax filings
The Internal Revenue Service will need to be ready for a wave of tax return filings from procrastinating taxpayers, as well as requests for extensions.