A federal judge ordered the release of $5 million to New York writer E. Jean Carroll in her sexual-abuse lawsuit against Donald Trump, rejecting the president’s request to delay the payout while he asks the Supreme Court to reconsider his appeal. “It is time” for Trump to “pay the judgment,” US District Judge Lewis Kaplan…
The Supreme Court’s decision Monday to deny certiorari in Murrin lets stand a Third Circuit holding that the Sec. 6501(c)(1) unlimited period for the assessment of tax applies when a fraudulent return is filed with the intent to evade tax, regardless of whether the intent is that of the taxpayer or another person, including the…
The IRS largely delivered a successful 2026 filing season, processing tens of millions of returns and issuing most refunds without delay, but taxpayers who needed help from a human faced long waits, service challenges, and confusion, National Taxpayer Advocate Erin Collins said in a report released Wednesday. “The filing season demonstrated both the promise and…
Adding more books to your reading list this year? You’re booksmaxxing. Incorporating more fiber-rich foods in your diet? That’s fibermaxxing. Changing your appearance in hopes of being more attractive? Looksmaxxing. Doing the bare minimum is a thing of the past — unless you’re relaxmaxxing, of course. Across social media platforms, you can find just about…
The U.S. Justice Department said on Friday it had filed a proposed settlement with the owner and operator of the Keystone oil pipeline to resolve Clean Water Act violations related to a 2022 rupture in Kansas. Keystone ships Canadian crude from Alberta to the U.S. Midwest and on to the Gulf Coast, and is a…
U.S. President Donald Trump speaks during an event to mark the launch of “Trump Accounts” in the Oval Office at the White House in Washington, D.C., U.S., July 6, 2026. Evan Vucci | Reuters Trump Accounts officially launched on July 4, introducing a new tax-deferred investing option for children. Unlike 529 college savings plans and…
The IRS Office of Professional Responsibility (OPR) issued guidance outlining how existing Treasury Circular 230 rules apply to tax practitioners’ use of artificial intelligence (AI), emphasizing that long-standing duties such as due diligence, competence, and confidentiality remain unchanged. The overarching message, the agency said in a bulletin posted Wednesday, is that AI should augment —…
Morning Hubsters, Happy Fri-yay! John R Fischer here, back in the New York newsroom after spending three heavenly weeks in Turkey and ready to deliver the US Wire. I’ll tell you about my trip at the end, but first, let’s look at primary care, a sector whose growing need for digital infrastructure has attracted the…
The Securities and Exchange Commission today proposed amendments to rescind Rules 611 and 610(e) of Regulation NMS. “After two decades of Rule 611, it is high time that the Commission review its unintended consequences that have hindered — rather than enhanced — the long-term growth of our markets,” said SEC Chairman Paul S. Atkins. “This…
When the FIFA delegation flew into Kansas City to evaluate its World Cup bid, local organizers left nothing to chance. They mapped the delegation’s routes to avoid traffic, stationed volunteers at the airport, and pulled roughly two dozen children from Kansas City’s Guadalupe Centers out of school to play a scrimmage outside the downtown Loews…