The IRS published a Treasury Decision on final regulations clarifying that amounts paid to Indian tribe members as remuneration for services performed in fishing rights-related activities may be treated as ...
The IRS has released Internal Revenue Bulletin 2026-19. [IRB 2026-19, 05/04/26]
The Chief Counsel’s Office advised on whether a taxpayer may retroactively change its cost allocation method for controlled services transactions and claim the adjustment as a setoff under Treas. Reg. ...
The U.S. Court of Appeals for the Tenth Circuit affirmed the district court’s ruling that a multinational corporation’s four-step transaction series, known internally as “Project Soy,” lacked economic substance and ...
The IRS has issued revenue ruling providing various prescribed interest rates for federal income tax purposes for May 2026. The ruling establishes applicable federal rates under I.R.C. §1274(d), adjusted applicable ...
The U.S. Tax Court held that a taxpayer was liable for a federal income tax deficiency after failing to report $15,206 in nonemployee compensation reflected on Form 1099-NEC, despite claiming ...
The IRS has announced the release of a new Whistleblower Alert that identifies high-risk concerns related to the misuse, diversion, or fraudulent use of federal funds by tax-exempt organizations, individuals, ...
The U.S. District Court ordered a tax preparer to disgorge $1,977,675 in gross revenues and pay $22,165.42 in investigative costs after finding he operated a tax preparation business in violation ...
The U.S. District Court for the Northern District of Texas dismissed a taxpayer’s refund action for lack of subject matter jurisdiction, holding that the taxpayer failed to file a valid ...
The IRS published temporary regulations establishing procedures for taxpayers to claim refunds under I.R.C. §6435 for previously taxed dyed fuel. The regulations limit eligible claimants to taxpayers who both paid ...
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