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 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 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 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 ...

Arizona House races in next month’s midterms could serve as a referendum on the GOP’s massive 2025 tax-and-spending law, Zach C. Cohen reports. The law’s impact on the swing state will test how and ...

Two high-profile tax cases involving Meta Platforms Inc. and medical giant Perrigo Co. are being closely watched by tax practitioners for clarity on a key issue: Can the IRS reach back and change the ...

The U.S. Tax Court held that a taxpayer was not entitled to relief from joint and several liability under I.R.C. §6015 because no valid joint return had been filed. While ...

The IRS issued temporary regulations under I.R.C. §25F addressing the new nonrefundable federal income tax credit for qualified contributions to scholarship granting organizations (SGOs) beginning in ...

The IRS proposed regulations implementing the new nonrefundable Federal Scholarship Tax Credit under I.R.C. §25F for qualified contributions to scholarship granting organizations (SGOs). The proposed ...