


Supreme Court Passes on $22.7 Million Distressed Debt Sale Case
The US Supreme Court denied review Monday of a partnership’s challenge to the IRS’s rejection of its $22.7 million tax deduction claim for a loss caused by the sale of distressed Brazilian receivables.

Backlogs, Job Holes Plague IRS in Tax Season After DOGE Cuts
The IRS is undertaking its first full filing season since DOGE slashed a quarter of the agency’s 100,000-person staff. IRS employees have challenges: a backlog of returns, a shortage of employees, and HR and IT workers processing returns.
PODCASTS
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
Columns + Commentary
Danny Werfel By All AccountsMinnesota Probes Reveal That Fraud Prevention Requires Tradeoffs
Andrew Leahey Technically SpeakingVolkswagen Move to Vacate Onshoring Shows US Tariff Policy Flaws
Andrew Leahey Technically SpeakingNY Budget Leaves the Future Vulnerable to Avoid Political Pain
Andrew Leahey Technically SpeakingIRS Partnership Audit Brain Drain Is an Opportunity for States
Practitioner Insights
View More InsightsBloomberg Tax Journals
View MoreBetter Governance Helps Families Defy the Three‑Generation Curse
A concise look at how governance, transparency, and structured decision‑making enable family enterprises to endure beyond three generations.
EU Courts Reshape Transfer Pricing’s Impact on Indirect Taxes
CJEU rulings have clarified transfer pricing’s impact on VAT and customs, prompting corporate reassessment.
Global Tax Shifts Turn Transfer Pricing Into a Pivotal Strategy
Businesses that invest early in an integrated tax‑and‑transfer-pricing strategy will be best positioned to navigate whatever form the global minimum tax ultimately takes.
Tax Developments
View MoreU.S. Appeals Court Upholds Tax Court’s Ruling on Conservation Easement Deductions, Affirms Penalties for Overvaluation
The U.S. Court of Appeals for the Eleventh Circuit affirmed the Tax Court’s decision sustaining gross-valuation-misstatement penalties on two LLCs that claimed conservation easement deductions. Taxpayers, two LLCs, claimed charitable ...
IRS Releases Internal Revenue Bulletin 2026-14
The IRS has released Internal Revenue Bulletin 2026-14. [Internal Revenue Bulletin 2026-14, 03/30/26]
IRS Issues PLR Granting Extension for Foreign Source Income Election Under Treaty
The IRS has issued a private letter ruling on I.R.C. §865 and Treas. Reg. §301.9100 granting taxpayers 120 days to make a late election to treat gain from sales of ...
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
South Carolina Flattens Income Tax, Adopts Phase-Out Strategy
South Carolina will shift to a flatter personal income tax system with a top rate of 5.21%, and adopt a trigger mechanism for additional rate reductions under legislation signed by Gov. Henry McMaster (R).
US Tariff Refund Portal to Exclude One-Third of Imports at First
An online government portal to provide refunds on tariffs struck down by the US Supreme Court will handle claims for about 63% of 53 million import entries at issue when it first launches, according to a new court filing.
India Tax Office Inks Record Number of Advance Agreements, Again
India signed a record number of advance pricing agreements in its just-ending fiscal year, blowing past last year’s record amid growing demand from taxpayers.
Meta Defeats Class-Treatment Bid in Tax-Data Collection Suit
Consumers bringing a proposed class action against
FROM ACROSS BLOOMBERG TAX
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- Daily Tax Report State
- Transfer Pricing Report
- The Exchange: Tax Insights & Commentary
Croatia Gazettes Law Extending Reduced VAT Rate on Heating-Related Supplies
The Croatian Official Gazette March 27 published Law No. 377, extending to March 31, 2027, from March 31, 2026, the 5 percent reduced VAT rate for heating supplied from natural ...
Russia MOF Announces Suspension of 1996 DTA, Protocol With Finland
The Russian Ministry of Finance March 26 announced the complete suspension of the 1996 DTA, and 1996 and 2000 protocols, with Finland. The suspension takes effect July 1. [Russia, Ministry ...
Slovenia, Turkey Sign SSA, Administrative Agreement
The Slovenian Ministry of Labor, Family, Social Affairs and Equal Opportunities March 27 announced the same date signing of a social security agreement (SSA) and its implementing administrative agreement with ...
Tanzania Tax Agency Posts April 2026 Tax Calendar
The Tanzanian Revenue Authority March 30 posted the April 2026 tax calendar. The tax calendar includes deadlines of: 1) April 7, to pay pay-as-you-earn (PAYE) taxes, the skills development levy ...
Thailand Tax Agency Announces 2025 Corporate Income Tax Return Filing Deadlines
The Thai Revenue Department March 27 announced the deadlines for companies and juristic persons with accounting periods beginning Jan. 1, 2025, and ending Dec. 31, 2025, to file specified 2025 ...
Bulgaria Tax Agency Posts Consolidated Text of Corporate Income Tax Act
The Bulgarian National Revenue Agency March 27 posted the consolidated text of the Corporate Income Tax Act, current as of the same date. [Bulgaria, National Revenue Agency, 03/27/26]
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