The SALT Battle
The future of the state and local tax (SALT) deduction cap may play a pivotal role in the 2025 tax …
IRS Criminal Investigation Boasts 90% Conviction Rate in FY24
In its fiscal year 2024 annual report, the IRS Criminal Investigation (IRS-CI) unit announced its workforce grew to its biggest size …
Werfel, Lawmakers React to Trump’s IRS Commissioner Pick
Current IRS Commissioner Danny Werfel spoke at a tax conference hosted by the University of Texas following President-elect Donald Trump’s …
DOL Proposes to End Subminimum Wage for Workers with Disabilities
The U.S. Department of Labor (DOL) proposed a rule aimed at eliminating certificates that allow employers to pay workers with disabilities less …
With Reporting Deadline Looming, Court Blocks Corporate Transparency Act Enforcement
On December 3, a Texas federal district court preliminarily barred enforcement of the Corporate Transparency Act nationwide — the broad …
SCOTUS Weighs Bankruptcy Trustee’s Ability to Claw Back Tax Payments
This Monday, the U.S. Supreme Court considered whether federal tax payments made on behalf of a now-bankrupt company’s owners can …
IRS Finalizes 2013 Proposed Regs on Partnership Recourse Liabilities, Related-Party Rules
The IRS has finalized proposed rules from 2013 that address the allocation of recourse liabilities among partners and the related-party …
Louisiana Constitutional Referendum Would Amend Numerous Tax Provisions
Legislation establishing a constitutional referendum, pending voter approval at a statewide election to be held March 29, 2025, has become …
Will the U.S. Supreme Court Clarify Application of P.L. 86-272?
As previously reported, a tobacco manufacturer seeks U.S. Supreme Court review of an Oregon ruling that its activities were not protected …
IRS’s AI Work Hard to Track, Watchdog Says
Although the IRS has dozens of ongoing projects that involve the use of artificial intelligence (AI), the agency struggles to …