


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
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]
Taiwan MOF Clarifies Corporate Income Taxation of Dividends From Nonresident Companies Listed Domestically, in English
The Taiwanese Ministry of Finance March 26 clarified, in English, corporate income taxation when domestic profit-seeking enterprises receive dividends from nonresident companies listed in Taiwan. The clarification includes that: 1) ...
Italy Tax Agency Announces Various Filing, Payment Deadlines for April 2026
The Italian Revenue Agency March 27 announced various filing and payment deadlines for April 2026. The announcement includes deadlines of: 1) April 16, to pay entertainment taxes, Tobin taxes, second ...
Spain Gazettes Order on 2025 Individual Income, Wealth Tax Filing, Payment Obligations
The Spanish Official Gazette March 27 published Order No. HAC/277/2026, on 2025 individual income and wealth tax filing and payment obligations. The order includes measures: 1) clarifying obligations to declare ...
Netherlands MOF Submits Spring Memorandum 2026
The Dutch Ministry of Finance March 27 submitted to the lower house of Parliament (Tweede Kamer) Spring Memorandum 2026, on the budget for 2026 and beyond. The memorandum includes measures ...
Italy Gazettes Decree-Law Providing Various Urgent Tax Measures
The Italian Official Gazette March 27 published Decree-Law No. 38, providing various urgent tax measures. The decree-law includes measures: 1) modifying the new exchange transaction VAT regime to apply to ...
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