


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 IRS Authority to Collect Full Restitution for Tax Fraud, Rejects Payment Schedule Challenge
The U.S. Court of Appeals for the Seventh Circuit affirmed the Tax Court’s decision holding that the IRS had authority to assess and collect restitution ordered for a tax-related Title ...
IRS Issues Announcement, Report on Advance Pricing Agreements
The IRS has issued an announcement and report on advance pricing agreement, pursuant to § 521(b) of Pub. L. 106-170, the Ticket to Work and Work Incentives Improvement Act of ...
U.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 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
China Factory Activity Gauge Slows as Iran War Threatens Exports
China’s factory activity slowed in March for export-oriented firms, according to a private survey, contrasting with an official gauge that showed manufacturing improving despite the Iran war.
Embattled Ohio Doctor Owes US Nearly $700,000 in Unpaid Taxes
A Cleveland-area physician and conspiracy theorist who advocated against Covid-19 vaccines owes the US just short of $700,000 in tax liabilities, a district court ruled Tuesday.
IRS Loses Bid to Approve Deal Allowing Church Political Speech
Federal courts lack the authority to sign off on a deal between the IRS and religious organizations that would allow churches to engage in political speech while keeping their tax-exempt status, a federal district court in Texas said Tuesday.
Arizona Internet Provider Is Telecom Company for Property Taxes
An Arizona-based internet services provider whose telephone services business represents less than 2% of its revenue is a telecommunications company for Arizona property tax purposes, but the provider’s uniformity argument must go to trial, the state tax court said.
FROM ACROSS BLOOMBERG TAX
- Daily Tax Report International
- Daily Tax Report State
- Transfer Pricing Report
- The Exchange: Tax Insights & Commentary
Canada Parliament Announces Royal Assent to Law Implementing Budget Tax Measures Tabled in November 2025
The Canadian Parliament March 26 announced the same-day royal assent to Law No. C-15, implementing tax measures tabled from the budget in November 2025. The law includes measures: 1) increasing ...
Bulgaria Gazettes Decree Amending Various Corporate, Individual Income Tax Provisions
The Bulgarian Official Gazette March 27 published Decree No. 127, amending corporate income and individual income tax provisions. The law includes measures: 1) setting a 50 percent annual tax depreciation ...
European Court of Justice Issues Advocate General Opinion on Group Taxation Regime for Nonresident Companies
The European Court of Justice (ECJ) March 26 issued an Advocate General opinion for Case No. C-592/24, on the group taxation regime for nonresident parent companies. The taxpayer, a French ...
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 ...
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 ...
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 ...
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