The agent, Brian Visalli, has denied any intent to cheat the government. He contends his punishment is retaliation for his whistleblower complaints about mismanagement and inefficiency within the agency.
New York lawmakers are planning a new tax on New York City homes purchased in cash for at least $1 million, according to people familiar with the state budget negotiations.
The IRS is trying for a third time to try to settle en masse the backlog of litigation involving conservation easement tax breaks, but some attorneys are skeptical this latest effort will yield a different result.
AI changes work itself: who stays employed longer, who exits earlier, which employers can spread costs and governance through pooling, and which collectively bargained industries see their contribution base strengthened or weakened, says Hall Benefits’ Samuel Krause in the second of a two-part article.
The current effects of AI on retirement plans are operational, fiduciary, and uneven across plan types, says Hall Benefits’ Samuel W. Krause in the first of a two-part article.
AI adoption raises profound ethical concerns—such as bias, transparency, privacy, and fairness—that ERISA fiduciaries must actively manage under their duties of prudence and loyalty, SBMA’s Alden Bianchi states.
The IRS has issued a revenue ruling on prescribed federal rates for June 2026, used in various tax calculations. The ruling establishes applicable federal rates for debt instruments, adjusted applicable ...
The IRS has issued a private letter ruling on I.R.C. §§1361 and 1362 and Treas. Reg. §1.1361 addressing inadvertent S corporation election termination when trusts holding corporation stock failed to ...
The IRS has issued a private letter ruling on I.R.C. §§1361 and 1362 granting relief allowing a corporation that inadvertently failed to timely file Form 2553 to have its S ...
Since President Donald Trump took office, the IRS has faced transformative changes, including a substantial reduction in its workforce and the appointment of seven different commissioners or acting commissioners.
US officials have discussed creating a $1.7 billion federal fund to pay victims of so-called government weaponization to resolve President Donald Trump’s lawsuit against the Internal Revenue Service. Million-dollar payouts the administration has already made to some of his supporters provide a roadmap for where the money might go.
A federal district court’s decision to allow FedEx an $84 million foreign tax credit tied to “offset earnings” paid on its foreign subsidiaries should be reversed because a disallowance rule applies, the US government told the Sixth Circuit.
The OECD’s global plan for digital taxation is “dead,” and the US is in no hurry to determine what should replace it, a senior Treasury Department official said Friday.
The Trump administration finalized a rule Friday permitting low-premium, high-deductible plans on the Obamacare exchanges to last up to 10 years, in addition to certifying plans with no traditional doctor network.
The French General Directorate of Public Finance May 13 updated the administrative doctrine on reference rates used by companies to calculate the maximum deductible interest for 12-month periods ending between ...
The Portuguese Tax and Customs Authority May 12 issued Order No. 68/2026-XXV, extending, to June 19 from May 31, the deadline for entities subject to corporate income tax (IRC) with ...
The Swedish Tax Agency May 13 issued Statement No. 8-163783-2026, clarifying the Supreme Administrative Court’s decision in Case No. 1863-24, on the VAT exemption for services provided within independent groups. ...
The Peruvian National Superintendency of Customs and Tax Administration May 14 issued updated guidance, in English and Spanish, on the mutual agreement procedure (MAP). Topics covered include: 1) the legal ...
The Belarusian President’s Office May 13 announced the same date signing of Decree No. 160, approving a draft air services agreement with Sri Lanka, and authorizing the Ministry of Transport ...
The Italian Revenue Agency May 13 posted online a decree updating the list of participating and reportable jurisdictions for the automatic exchange of information (AEOI) on financial accounts under the ...
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