States Update Tax Rule to Reflect Revenue from Streaming

A group of state tax administrators endorsed an overhaul of decades-old model tax rules for apportioning broadcasters’ income across several states, pulling streaming services and on-demand programming into the rule for the first time.

Mamdani Spars With NYC City Council Over $127 Billion Budget

New York City Council Speaker Julie Menin outlined a budget proposal that she said would close a $6 billion deficit without raising taxes, cutting services or raiding the city’s savings — a plan Mayor Zohran Mamdani immediately deemed “unrealistic.”

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

Bloomberg Tax Journals

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Better 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

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IRS Issues Notice on Estimated Tax Penalties Relief for Farmers, Fishermen Due to Form 8995 Issues

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 ...

U.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 ...

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.

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