Daily Tax Report ®
Colorado Voters Will Consider Higher Tax Caps to Fund Education
Colorado voters will be asked to decide whether the state should break through constitutionally required caps on the use of tax revenue in a bid to provide more funding for education.
House Passes Bill to Expand Tax Court Jurisdiction, Claim Time
The House passed legislation by voice vote Tuesday that gives taxpayers more time to file refund claims during disputes with the IRS, and expands the US Tax Court’s jurisdiction in such cases.
PODCASTS
Corporate Tax Disclosures Let Investors Peer Into the Black Box
Accounting Firms Navigate Compensation as AI Tools Upend Work
IRS Pivots to Fill Holes in Tax Filing Season After DOGE Cuts
How Tax Administration Reforms Could Pass Congress This Year
Columns + Commentary
Danny Werfel By All AccountsPentagon Anthropic Deadlock Demands Thorough Checks on AI Use
Andrew Leahey Technically SpeakingGeorgia Gas Tax Holiday Is Affordability Theater That Delays Harm
- Andrew Leahey Technically Speaking
Mamdani’s NY Estate Tax Exemption Should Target Dynastic Wealth
- Danny Werfel By All Accounts
Trump’s IRS Lawsuit Offers Lessons on Privacy and Legal Process
Practitioner Insights
View More Insights
Renée Jones
Boston College Law School
Ton van Doremalen
DLA Piper
Philip Allen Lacovara
Bloomberg Tax Journals
View MoreCan Disclosure Neutralize Civil Fraud? Enforcements Explored
An examination of the Tax Court’s North Donald case and whether disclosures may be used to avoid civil fraud penalties by Caplin & Drysdale and Meadows Collier attorneys.
How to Attribute Value to AI-Enabled Processes in Operations
Grant Thornton practitioners discuss how enterprises should allocate the value resulting from AI enablement when people, data, and workflows are interdependent and reside globally.
AI’s Long-Term Effects for Retirement Plans, Fiduciaries Unknown
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.
Tax Developments
View MoreIRS Publishes Notice for Qualified Long-Term Care Distributions, Extends Plan Amendment Deadline
The IRS has provided guidance on qualified long-term care distributions, a new type of retirement plan distribution created by the SECURE 2.0 Act. The notice establishes requirements for insurance issuers ...
IRS Publishes Treasury Decision Modifying Partnership Reporting for Inventory and Unrealized Receivables Transfers
The IRS has published final regulations modifying information reporting obligations for partnerships when there are sales or exchanges of certain partnership interests involving inventory or unrealized receivables (section 751(a) exchanges). ...
U.S. Appeals Court Overturns Tax Court, Finds Erroneous Interest Refunds Eligible for Equitable Relief
The U.S. Court of Appeals for the 4th Circuit held that the taxpayer’s liability for an erroneous refund of underpayment interest constituted “unpaid tax” eligible for equitable relief under IRC ...
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.
Latest Stories
AT&T Improperly Collected 911 Fees From Arkansas Municipalities
Trump-Aligned Lawyers Set Sights on ‘Anti-Weaponization’ Fund
President Donald Trump’s allies in the legal profession are seizing on the Justice Department’s $1.8 billion “anti-weaponization” fund to represent clients allegedly hit with partisan prosecution.
Strip Club Owner to Forfeit $1.5 Million After Guilty Plea
The owner of a Connecticut strip club agreed to give up $1.5 million and pay $700,000 in restitution after pleading guilty to tax fraud and other charges tied to a scheme involving prostitution, money laundering, and fraudulent Covid-19 relief loans, federal prosecutors said.
Bitcoin Grows More Dependent on Saylor’s Buying Machine
For most of its history, Bitcoin’s price was driven by a sprawling cast of buyers: idealists, speculators, early adopters, and, more recently, institutional investors looking for a new portfolio hedge. Demand was fragmented and hard to predict. In 2026, it is neither.
FROM ACROSS BLOOMBERG TAX
- Daily Tax Report International
- Daily Tax Report State
- Transfer Pricing Report
- The Exchange: Tax Insights & Commentary
Brazil Tax Agency Updates Digital Tax Bookkeeping System
The Brazilian Federal Revenue Office May 12 announced the release of an updated digital tax bookkeeping system (ECF version 12.1.4) for reporting tax information on corporate income tax (IRPJ) and ...
Brazil Tax Agency Updates Digital Accounting Bookkeeping Program
The Brazilian Federal Revenue Office May 12 announced the release of the updated digital accounting bookkeeping program (ECD version 10.4.0) for bookkeeping of accounting documents. The updates include: 1) the ...
Dominican Republic Senate Approves Protocol to 2005 Air Transport Agreement With Cuba
The Dominican Senate May 18 approved the protocol to the 2005 air transport agreement with Cuba, signed June 29, 2023. [Dominican Republic, Senate, 05/18/26]
United Kingdom Tax Agency Issues Press Release on Mandatory Registration Requirements for Tax Advisors
The United Kingdom HM Revenue and Customs May 14 issued a press release on mandatory registration requirements for tax advisors under the Modernizing and Mandating Tax Advisor Registration (MMTAR) initiative. ...
Bulgaria Assembly Considers Bill to Amend VAT Act
The Bulgarian National Assembly May 18 accepted for consideration Bill No. 52-654-01-42, to amend the VAT Act. The bill includes measures to reduce the VAT rate, to zero percent from ...
Puerto Rico Treasury Issues Circular on Annual Hurricane Preparedness Sales Tax Exemption Period
The Puerto Rican Treasury May 1 issued Circular Letter No. 26-08, on the annual sales and use tax exemption period for specified hurricane season preparedness items and equipment. The circular ...
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