Fiscal Stress Permeates Government Accounting Rule Writer's Work

US Tax Carve-Out Beats Retaliation, OECD Business Rep Says

OECD Deal Success Hinges on Implementation, Rep. Estes Says

Making Sense of the Global Tax Carve-Out for US Companies

Bloomberg Tax Journals

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Fuel Tax Refund Implementation Encounters Appropriation Hurdles

Section 6435’s fuel tax refund for downstream parties stalls due to appropriation limitations.

Courts Scrutinize ERISA Fiduciary Process: Are You Prepared?

Recent Supreme Court decisions emphasize that ERISA fiduciary prudence is determined by a well-documented decision-making process rather than just investment outcomes.

Spain Revives Equity Capitalization Reserve as Business Tax Tool

Spain’s 2024 tax reforms offer enhanced equity incentives and holding company benefits, making it a competitive destination for international business structuring.

Tax Developments

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IRS Issues News Release Providing Guidance on Energy Tax Credits for Assistance from Prohibited Foreign Entity (PFE)

The IRS issued a news release providing guidance for determining eligibility for certain energy tax credits when there is material assistance from a prohibited foreign entity (PFE). The notice outlines ...

U.S. District Court Dismisses Taxpayer’s Refund Claim Due to Improperly Executed Amended Returns

The U.S. District Court for the Northern District of Illinois dismissed a taxpayer’s refund claim due to issues with improperly executed amended tax returns. The taxpayer, a corporation, sought a ...

IRS Encourages Taxpayers to Use Online Tools for Faster Assistance

The IRS issued a news release encouraging taxpayers to visit IRS.gov rather than call during the Presidents Day week. The IRS also highlights the benefits of electronic filing and offers ...

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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