House Tax writers who supported cryptocurrency taxation legislation are getting a boost in their reelection bids from the industry’s well-funded political action committee. Fairshake, one of the most ...

A federal judge indicated during oral arguments Monday he probably will broaden the scope of a ruling from 2025 that called into question billions of tax dollars paid to the IRS during the Covid-19 ...

The U.S. Court of Appeals for the Seventh Circuit held that a taxpayer could not pursue damages under I.R.C. §7434 based on an allegedly fraudulent Form 1099-C, Cancellation of Debt, ...

The U.S. Court of Appeals for the D.C. Circuit held that a taxpayer could not exclude the entirety of a settlement payment from gross income under I.R.C. §104(a)(2) and affirmed ...

The IRS has issued a private letter ruling on I.R.C. §754 and Treas. Reg. §301.9100 granting a partnership a 120-day extension to file a Section 754 election for basis adjustments ...

The U.S. Tax Court held that a taxpayer was liable for a deficiency arising from $140,064 in unreported retirement account distributions for 2019 and for additions to tax for failure ...

The U.S. Tax Court held that a taxpayer had $24,000 of unreported taxable income because he failed to establish that the IRS’s bank deposits analysis was inaccurate. The taxpayer originally ...

The Cuban Official Gazette Oct. 1 published Resolution No. 200/2026, establishing an accelerated depreciation expense deduction regime for specified fixed assets. The resolution includes measures: 1) ...

Companies are increasingly missing deadlines to pay the stock buyback excise tax, an IRS official said Monday.

The IRS is reconsidering regulations that dictate how consolidated groups containing both life and nonlife insurance companies file their tax returns.

A federal district court wrongly relied on federal law when it dismissed a group of Michiganders’ cases seeking recovery of surplus proceeds a county retained after foreclosing on their homes, the US ...

President Donald Trump is preparing to ease limits restricting the use of a tax-exempt variety of diesel, his latest bid to pare costs for the essential fuel ahead of the November midterm elections.