The US Tax Court is starting to weigh its own guardrails around artificial intelligence misuse amid the additional thorny challenges of a high proportion of self-represented parties and the need to shield sensitive taxpayer information.
High-profile retirements and competitive elections among senior tax writers will likely give the House Ways and Means Committee a new look next Congress.
States are struggling to make up for revenue gaps in the wake of federal cuts and President Donald Trump’s tax-and-spending law.
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.
Treasury and IRS propose rules for “Trump accounts,” covering setup, authorization, and pilot contributions, with further guidance pending.
Academic and religious organizations face unique and challenging Social Security rules, including statutory elections and important international considerations, requiring careful consideration to ensure compliance and protect employee benefits.
The U.S. Court of Appeals for the Ninth Circuit affirmed the Tax Court’s judgment that a settlement payment received by the taxpayer was not excludable from gross income and that ...
The U.S. District Court for the District of Columbia held that the Court lacked subject matter jurisdiction over the taxpayer’s claim for damages arising from the IRS’s calculation of his ...
The IRS has issued its final rule on the correction to Treasury Decision 9991, regarding consistent basis reporting between estates and persons acquiring property from decedents. The original final rule ...
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.
Residents exiting Massachusetts took a net of $4.2 billion in adjusted gross income with them in 2023, one of the largest totals in the country, after a tax on millionaires took effect.
Multinational corporations hoping
Pressure is building in the US municipal bond market.
Genuine issues of fact around whether two early Bitcoin adopters earned more than $12 million in income between 2017 and 2018 following nine cryptocurrency “hard forks,” precluding summary judgment, the US Tax Court held.
The Cameroonian Directorate General of Treasury, Financial, and Monetary Cooperation Feb. 13 announced the 2025 individual income tax return filing deadlines for non-professionals. The announcement includes that: 1) the July ...
The Ukrainian State Fiscal Service March 10 clarified taxpayers not obligated to file individual income tax declarations for 2025, and deadlines. The clarification includes that: 1) individual taxpayers are exempt ...
The European Commission (EC) March 18 opened a consultation on the revision of the EU VAT rules for electronic invoicing. The consultation seeks comments to: 1) address shortcomings identified in ...
The United Kingdom Parliament March 19 announced royal assent for Finance (No. 2) Act 2026. The law includes measures: 1) setting the main, default, and saving rates of income tax ...
The South Korean National Assembly March 17 accepted for consideration Bill No. 2217526, to partially amend the Income Tax Act. The bill includes measures to: 1) increase the standard amounts ...
The South Korean National Assembly March 17 accepted for consideration Bill No. 2217522, to partially amend the Special Tax Measures Act. The bill includes measures to: 1) introduce an exemption ...
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