
IRS Budget Cut $1.4 Billion in Trump White House Proposal
President Donald Trump proposed a cut of $1.4 billion in annual funding for the IRS in his fiscal 2027 budget proposal released Friday.

President Donald Trump proposed a cut of $1.4 billion in annual funding for the IRS in his fiscal 2027 budget proposal released Friday.

Kentucky would become the first state in the country to tax prediction markets such as Kalshi and Polymarket under a broad tax bill headed to the desk of Gov. Andy Beshear (D).

The diminished number of advance pricing agreements the IRS completed last year has tax practitioners wondering what the agency will do to get more APAs done with fewer resources.



A concise look at how governance, transparency, and structured decision‑making enable family enterprises to endure beyond three generations.
CJEU rulings have clarified transfer pricing’s impact on VAT and customs, prompting corporate reassessment.
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.
The IRS has waived the addition to tax under I.R.C. §6654 for underpayment of estimated income tax by qualifying farmers and fishermen for the 2025 taxable year. The relief addresses ...
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 ...
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 ...
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.
Five Jefferson Parish dialysis clinics don’t have to pay sales tax on their prescription drugs purchases from a wholesaler because the drugs were administered to Medicare patients, a court of appeals ruled.
The Trump Administration proposed a major boost to Defense Department spending in its fiscal 2027 budget request while calling for cuts to most non-defense federal agencies.
A group of lawyers wading back into the fight over President Donald Trump’s executive orders against law firms remained anonymous in their latest effort.
The Organization for Economic Cooperation and Development (OECD) March 31 posted an updated list of signatories, with signing dates, to the Multilateral Competent Authority Agreement on the Exchange of Global ...
The Emirati Federal Tax Authority April 2 announced the April 28 deadline to file VAT returns. [United Arab Emirates, Federal Tax Authority, 04/02/26]
The Turkish Revenue Administration April 1 updated the annex to Decision No. 10995, on the special consumption tax (SCT) rates for gasoline, diesel, liquefied petroleum gas (LPG), propane, and butane ...
The Uruguayan General Directorate of Taxation March 25 posted the April 2026 tax calendar, with filing and payment deadlines for various taxes. The tax calendar includes deadlines of: 1) April ...
The South Korean National Assembly March 31 accepted for consideration Bill No. 2217969, to partially amend the Individual Consumption Tax Act. The bill extends the sunset date of the special ...
The Isle of Man Official Gazette April 1 published Regulation Nos. 2026/0023 and 2026/0024, increasing the single hourly minimum wage rate, and the hourly minimum wage rate for specified young ...
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