‘Bitcoin Jesus’ Hopes for Trump Pardon, Denies Fugitive Claim
An early Bitcoin adopter facing extradition to the U.S. for criminal tax fraud charges urged President Trump for assistance while …
Arizona Supreme Court Allows Negative Valuation of Electric Plant
By Maria T. Albanese The Supreme Court of Arizona held that the valuation for a reduced plant in service cost …
New Coalition Targets Republican Tax Plans
As House Republicans left Miami without a firm plan to extend expiring provisions of the 2017 Tax Cuts and Jobs …
Draft Bill Aims to Strengthen Taxpayer Rights
Top Senate taxwriters released draft legislation Thursday that they say would “improve the taxpayer experience” — included are proposals to …
Exempt Org Foreign Reporting Forms Burdensome, IRS Told
Several organizations responded to an IRS request for comment on filing obligations of tax-exempt entities to say that three forms …
Does the ACA Prohibit a Group Health Plan From Excluding Certain Types of Providers?
QUESTION Does the ACA rule prohibiting discrimination with respect to health care providers prohibit a group health plan from excluding …
2025 Tax Filing Season Kicks Off
The 2025 tax filing season opened on January 27, with the IRS expecting over 140 million individual tax year 2024 …
Trump Renews Call for Tax-Free Tips
President Donald Trump renewed his call to eliminate federal taxes on tipped income last weekend. Lawmakers have offered a few …
Final IRS Regs Possibly Subject to Congressional Review
The Treasury Department during the Biden administration used its final months to finalize or correct several IRS regs, including guidance …
Will the New Partnership Related Party Basis-Shifting Rules Survive?
Practitioner’s Tax Action Bulletin® Advisory In June 2024, the IRS released a guidance package on related party basis adjustments (RPBAs) …