Tax Filing Season by the Numbers: Refunds, Paper, and Preparers
The upcoming tax filing season will be a test to see if the IRS can function in the face of vast changes—a shrinking the workforce, budget cuts, and regulatory cutbacks.
Daily Tax Report ®
Uniformity, Internet Freedom to Dominate 2026 State Tax Cases
Significant litigation wins in 2025 are likely to embolden taxpayers to expand their use of certain challenges to state tax laws in the coming year.
Transfer Pricing a Top UN Concern but Nations Split Over Fixes
Countries at the United Nations are looking at sweeping changes to transfer pricing rules as they design a tax treaty acceptable to developing economies. But easing access to transfer pricing information could emerge as a more realistic outcome.
PODCASTS
PwC Coaches New Tax Associates on AI Tools in US Training Effort
Tariffs, Big Audits, Roil Transfer Pricing Heading Into New Year
Taxpayers 'Gamble' by Committing Fraud, Even With Diminished IRS
What Comes Next for the IRS and Tax After the Long Shutdown
Bloomberg Tax Journals
View MoreRead the Top 5 Business Tax Management Memo Articles of 2025
This is Bloomberg Tax’s roundup of the top five business Tax Management Memorandum articles of 2025.
Read the Top 5 Tax Management International Articles of 2025
Read Bloomberg Tax’s roundup of the top five Tax Management International Journal articles of 2025.
IRS Modernizes Collection: What’s Next for Tax Practitioners
The IRS’s heightened focus on enhancing collection efforts through AI and technological advancements, coupled with recent court ruling, signals a shift in tax collection practices.
Tax Developments
View MoreIRS PLR: Extension Granted to Elect Qualified Opportunity Fund Self-Certification (IRC §1400Z)
The IRS has published a private letter ruling on I.R.C. §1400Z and Treas. Reg. §§301.9100 and 1.1400Z2, granting a 60-day extension to file Form 8996 with an amended tax return ...
IRS PLR: Extension Granted to Elect Qualified Opportunity Fund Self-Certification (IRC §1400Z)
The IRS has published a private letter ruling on I.R.C. §1400Z and Treas. Reg. §§301.9100 and 1.1400Z2, granting a 60-day extension to file Form 8996 to elect self-certification as a ...
IRS PLR: Partnership Granted Extension to Make Late Election for Property Basis Adjustments (IRC §754)
The IRS has published a private letter ruling on I.R.C. §754, and Treas. Reg. §301.9100, granting a partnership a 120-day extension to make a late §754 election for property basis ...
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
Yellen Warns of Growing ‘Fiscal Dominance’ Threat to US Economy
A panel of economic luminaries said the long-run risk posed by mounting federal debt represented a paramount problem facing the US economy.
Week in Insights: Crypto Reporting Study Redraws Compliance Map
This week, experts examined the upcoming tax filing season, Hawaii’s cruise ship tax, and more.
CSX Wins Recalculation of Ohio Commercial Activity Tax Liability
Hawaii’s ‘Green Fee’ on Cruise Ships Blocked Pending Appeal
Hawaii’s environmental tax on cruise ships is on hold pending resolution of a Ninth Circuit appeal from a federal judge’s order allowing the state to collect the tax.
FROM ACROSS BLOOMBERG TAX
- Daily Tax Report International
- Daily Tax Report State
- Transfer Pricing Report
- The Exchange: Tax Insights & Commentary
Andorra Gazettes Order Announcing Entry Into Force of DTA With U.K.
The Andorran Official Gazette Dec. 31, 2025 published an order announcing that the DTA with the U.K., signed Feb. 20, 2025, entered into force Dec. 22, 2025. [Andorra, Government Portal, ...
Argentina Treasury Posts Synthesized Text of DTA, Protocol With Netherlands in English, Spanish
The Argentine Treasury Dec. 31, 2025, posted a synthesized text, in English and Spanish, of the 1996 DTA and protocol with the Netherlands and the Multilateral Convention to Implement Tax ...
Oman State News Announces Ratification of Air Services Agreements With Dominican Republic, Costa Rica
Omani News Agency (ONA) Dec. 31, 2025, announced the issuance of Royal Decree Nos. 109/2025 and 110/2025, ratifying the air services agreements with the Dominican Republic and Costa Rica, signed ...
Poland Lower House Considers Bill to Amend AEOI Provisions to Transpose Crypto-Asset Standards
The Polish lower house of parliament (Sejm) Dec. 29, 2025 accepted for consideration Bill No. 2106, to amend provisions on the automatic exchange of information (AEOI) on financial accounts, to ...
Chile Tax Agency Clarifies VAT, Income Tax Treatment of Services Provided by Nonresident Entity
The Chilean Internal Revenue Service Dec. 18, 2025 issued Letter No. 2627, clarifying VAT obligations for services provided by a nonresident entity. The taxpayer, a Spanish company, inquired about the ...
Croatia Gazettes Entry Into Force Date of International Road Transport Agreement With Mongolia
The Croatian Official Gazette Dec. 30, 2025, published Law No. 44, announcing that the international road transport agreement with Mongolia, signed July 17, 2025, enters into force Jan. 8. [Croatia, ...
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