States Defend Tax Powers After Attacks by White House, Congress

South Carolina state Sen. Sean Bennett (R) is a self-described “federalist at heart,” who believes in low taxes, broad bases, and a light touch on exemptions. So he gets annoyed when he receives unsolicited advice from the federal government on state tax policy.

DOJ Tax Attorneys Focus on Immigration, Nonprofits After Shakeup

State Tax Breaks for Data Centers Come Under Fire With AI Boom

Fiscal Stress Permeates Government Accounting Rule Writer's Work

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

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How Does Tax and Business Alignment Drive Procurement Value?

Global disruption, rising costs, and digital innovation are transforming procurement into a critical driver of enterprise value—explore how a tax-informed operating model is reshaping the future of procurement.

Who Won Gold with the Latest CAMT Guidance from Treasury?

Treasury issues new guidance addressing CAMT criticisms, offering relief on a number of issues plaguing CAMT taxpayers while final regulations are pending.

OECD Updates Manual on Effective MAP: Practical Tax Takeaways

An examination of the updated OECD Manual on Effective Mutual Agreement Procedures that highlights seven practical insights tax departments should consider when developing cross-border dispute resolution strategy.

Tax Developments

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IRS Issues Private Letter Ruling Granting Extension for Foreign Entity to File Form 8832 for Disregarded Entity Status

The IRS issued a private letter ruling on I.R.C. §7701 and Treas. Reg. §301.9100, granting a foreign entity 120 days to file Form 8832 for classification as a disregarded entity ...

IRS Issues Private Letter Ruling Granting Extension for Late QOF Self-Certification Filing

The IRS issued a private letter ruling on I.R.C. §1400Z and Treas. Reg. §301.9100, granting the taxpayer an extension of time to file Form 8996 for self-certification as a qualified ...

IRS Issues Private Letter Ruling Granting Extension for Low-Income Housing Credit Average Income Election

The IRS issued a private letter ruling on I.R.C. §42 and Treas. Regs. §301.9100 granting taxpayer a 120-day extension to file an amended Form 8609 to make the average income ...

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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Honduras Tax Agency Announces Tax Amnesty Benefit

The Honduran Revenue Administration Service Feb. 20 issued Notice No. SAR 09-2026, announcing a tax amnesty benefit under Decree No. 7-2026. The amnesty includes: 1) an application period of four ...

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