The California Governor signed a law that amends the Revenue and Taxation Code, to create and expand tax exemptions for tribal land ownership and conservation activities. The law includes: 1) ...

Taxpayers who may be owed refunds for tax penalties paid during the years-long pandemic are getting denial letters from the IRS, the National Taxpayer Advocate said.

The U.S. Court of Appeals for the 7th Circuit held that a taxpayer made and subscribed false tax returns under I.R.C. §7206(1) by signing authorizations under penalty of perjury permitting ...

The IRS has issued a private letter ruling on I.R.C. §168 and Treas. Regs. §§301.9100-1 and 301.9100-3 granting a taxpayer a 60 day extension to make the I.R.C. §168(h)(6)(F)(ii) election ...

The IRS has issued a private letter ruling on I.R.C. §988 and Treas. Regs. §§301.9100 and 1.988 granting a taxpayer a 60-day extension to satisfy identification requirements for integrating ...

The Taiwanese Ministry of Finance Oct. 8 clarified, in English, penalty exemption requirements for businesses issuing supplemental uniform invoices. The clarification includes that businesses must: 1) ...

The Swedish government has submitted to parliament a raft of amendments to its global minimum tax legislation, including simplification measures agreed at the OECD earlier this year, the finance ...

Sen. Peter Welch (D-Vt.) is urging the IRS to ensure Big Tech companies aren’t subsidizing AI data center construction with the research and experimentation tax credit. “The IRS has a responsibility ...

The California Governor signed a law that includes providing the Franchise Tax Board (FTB) with the discretion to maintain the state income tax-exempt status of an I.R.C. §501(c)(3) nonprofit whose ...

Maine Revenue Services adopted amendments to a rule regarding nonresident individual income tax. The regulation: 1) clarifies that contributions to the state’s Paid Family and Medical Leave program ...

Arizona’s minimum wage is increasing to $15.65 for 2027, up from $15.15 for 2026, according to a newly released minimum wage poster from the Industrial Commission of Arizona. Employers must display ...

The owner of a luxury womenswear brand and her husband told the US Tax Court the IRS wrongly determined they owe more than $752,000 in additional federal income taxes and nearly $178,000 in penalties ...