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IRS announces terms of a time-limited settlement opportunity for eligible taxpayers involved in conservation easement disputes

The Internal Revenue Service is announcing the terms of a time-limited settlement opportunity for eligible taxpayers involved in conservation easement or historic preservation easement disputes with the IRS.

Apply for a Low Income Taxpayer Clinic grant to serve taxpayers in your community

The Low Income Taxpayer Clinic Program today announced it will accept applications for LITC matching grants from all qualified organizations from May 6, 2026, to July 6, 2026.

IRS updates conservation easement site; settlement opportunity details forthcoming

The Internal Revenue Service today announces updates to its Conservation Easement page, expanding information on abusive conservation easement transactions, recent court decisions, and warning signs for investors.

IRS requests applications for 2027 IRSAC membership

The Internal Revenue Service is accepting applications for the Internal Revenue Service Advisory Council through June 5, 2026.

IRS recognizes importance of small businesses, provides helpful resources

The Internal Revenue Service today announced a series of resources and events to support small businesses during National Small Business Week, which runs through May 9.

IRS seeking applications for Tax Counseling for the Elderly and Volunteer Income Tax Assistance program grants

The Internal Revenue Service is now accepting applications for the Tax Counseling for the Elderly and Volunteer Income Tax Assistance grants.

Treasury, IRS provide guidance on a new method for recovering federal excise tax paid on dyed fuel established under the One, Big, Beautiful Bill

The Department of the Treasury and the Internal Revenue Service today issued temporary regulations and the accompanying notice of proposed rulemaking on a new method for recovering federal excise tax paid on dyed fuel established under the One, Big, Beautiful Bill.

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IRS stops billions in identity theft refunds but needs data earlier, report says

A report from the Treasury Inspector General for Tax Administration found that delayed 1099-R and W-2G filings limit the IRS’s ability to spot refund fraud early.

Jan Lewis elected AICPA chair

The tax partner at BMSS Advisors is elected to the one-year volunteer post at AICPA spring Council, succeeding Lexy Kessler. Lindsay Stevenson is elected vice chair.

AICPA supports bills to limit BOI reporting to foreign-owned entities

The AICPA said the changes would ease the compliance load on CPAs who help small businesses navigate federal reporting rules.

Worried about that CP53E QR code? IRS updates FAQs

The IRS expanded its CP53E guidance with fresh information on QR code security, online account access problems, and how taxpayers can confirm successful bank account updates.

FASB issues standard for clarifying environmental credit disclosures

FASB’s chair said that the Accounting Standards Update features guidance “that previously did not exist” related to environmental credits and environmental credit obligations.

Final regs. modify reporting obligations for Form 8308, Part IV

The final regulations published Tuesday by the IRS stick with the proposed regulations that modify information-reporting obligations for Part IV of Form 8308, Report of a Sale or Exchange of Certain Partnership Interests.

AICPA submits nearly 200 recommendations for IRS guidance plan

The organization highlighted top technical issues across 10 areas and urged the IRS to prioritize tax simplification.

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Around Penn Station, the strike is bad for business.

This was featured in live coverage.By Miles G. Cohen

Mamdani’s First City-Owned Grocery Store Is Planned for the South Bronx

Mayor Zohran Mamdani said that the store would open in the Hunts Point neighborhood next year. Some merchants are pushing back.By Emma G. Fitzsimmons

Bartenders at a Cocktail Hot Spot Propose a New Concoction: a Micro-Union

The bartenders at Attaboy, a Lower East Side joint considered one of the best cocktail bars in the world, voted to form a union.By David Waldstein

Trade Court Rules Trump’s 10% Global Tariff Is Illegal

A panel of federal judges found that President Trump could not legally impose the tariff on most imports.By Tony Romm and Ana Swanson

Trump Tries to Downplay Economic Effects of the Iran War

At a White House event for Small Business Week, he described the economy as “roaring” and predicted that gas prices would go down soon.By Erica L. Green and Zolan Kanno-Youngs

Tariffs, Rebates, Chaos: Boutique Businesses Wonder What’s Next

A Brooklyn general store that sells Taiwanese imports was pummeled by tariffs. A rebate would help, but the confusion still lingers.By Andrew Keh

The Law on Metal Gates That Nearly Everyone Forgot About

In 2009, the City Council decided that roll-down metal gates could no longer be solid. The law goes into effect this summer, after 17 years.By James Barron

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The Leaders Who Last Aren't Moving Faster; They're Moving Differently

Find your tempo in the chaotic churn of constant change.,

Mistakes Brands Make With Loyalty Programs (And How To Get Them Right)

When brands over-rely on discounts or perks, they can train customers to see the incentive—rather than the product, service or experience—as the best reason to come back.,

Is It Harder To Exit When My Team Has Shares In My Company

You spent over a decade building something real. A buyer finally comes knocking. And then you discover that one of your own team members could legally stop the deal.,

Legal Chatbot Liability: A Wake-Up Call

The core risk of AI in legal workflows is not just inaccuracy, but the illusion of authority.,

How To Hire A Human Operator For Your AI-Powered Business (Get Your Time Back)

The operator who runs your AI-powered business is a brand new role, and you can't hire them the old way. Here's the five-step process to find and onboard them well.,

How Payments Are Broken And What The Industry Still Needs To Get Right

The systems around transactions are highly fragmented.,

What Employers Are Missing About The Demand For Weight Loss Benefits

To date, employer strategies around GLP-1s have largely been reactive and remain fragmented.,

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Spencer Pratt is 'winning the internet,' but can he become mayor of Los Angeles?

Pratt, a former reality TV star, is flooding social media with edgy humor, AI slop and combative rhetoric as a way of grabbing attention and winning the vote of the very online. It's a strategy some political experts see as the future of online campaigning.

So ... how long until these oil prices get REALLY bad?

The US-Israel War in Iran is almost three months in and oil prices have risen, but they’re not catastrophic … yet. Why isn't the price of oil even higher? We learn about how the world is adapting to the blocked Strait of Hormuz.

Elon Musk's SpaceX IPO plans reveal blockbuster spending on rockets and AI

The company is on track to pull off the largest IPO in history — making CEO Elon Musk even wealthier.

Meta slashes 8,000 jobs as it pivots towards AI

Facebook and Instagram's parent company has been investing huge sums of money in AI, but it lags behind competitors.

After the Kars4Kids ad is banned in California, we check in on nostalgic jingles past

A California judge has given Kars4Kids 30 days to either take its ads off the air or update them to disclose its affiliations to a Jewish charity based in the Northeast.

Bipartisan home affordability bill passes the House

The bill is meant to encourage home construction, and would ban corporate investors from buying up more homes to rent out.

Vacation and why Americans take so little