Trump, Senate GOP Agree on Frame of Fast-Track Spending Bill

President Donald Trump and top Senate Republicans agreed Friday to the outline of a partisan fast-track spending bill aimed at bypassing minority Democrats and focused on providing funding for immigration enforcement and the US Border Patrol.

Tax Filing Season Is Underway: Here's How It's Going So Far

States Still Decoupling From GOP Tax Law Deep Into Filing Season

Tariff Refunds Would Threaten Tax, Transfer Pricing Headaches

DOJ Tax Attorneys Focus on Immigration, Nonprofits After Shakeup

Bloomberg Tax Journals

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Increased Advanced Pricing Agreement Demand Puts Pressure on APMA

APAs remain increasingly valuable for managing transfer pricing risk despite APMA resource constraints.

DOL Offers 401(k) Fiduciaries a Safer Path to Alternative Assets

A proposed rule from the Department of Labor would let 401(k) fiduciaries offer alternative assets if they document a prudent process on key risks.

How Global Practice Could Shape Brazilian Transfer Pricing Audits

Brazil’s adoption of OECD Transfer Pricing Guidelines marks a significant shift towards global standards, presenting new challenges and opportunities for Brazilian taxpayers to align their practices with international norms and prepare for increased scrutiny.

Tax Developments

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IRS Issues Notice on Updated Interest Rates for Pension Plan Funding Calculations

The IRS has issued notice providing updated interest rates that pension plans must use for funding calculations. The notice includes the corporate bond monthly yield curve, spot segment rates, and ...

U.S. Tax Court Denies Deduction for Indirectly Owned CFC Dividends, Clarifies FTC Computation

The U.S. Tax Court, in a summary decision, held that the taxpayer was not entitled to claim a dividends received deduction under I.R.C. §245A for Section 78 dividends attributable to ...

IRS Releases Internal Revenue Bulletin 2026-16

The IRS has released Internal Revenue Bulletin 2026-16. [IRB 2026-16, 04/13/26]

IRS Shakeup: How Is the US Tax Agency Adapting to Trump's Vision?

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.

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