Senate panel advances broad tax administration reform package
On July 30, the Senate Finance Committee overwhelmingly approved the bipartisan Taxpayer Assistance and Service (TAS) Act, S. 3931, with a 26-1 vote, …
Experts flag uneven real estate market trends, Opportunity Zone transition issues
Real estate and tax specialists from PricewaterhouseCoopers (PwC) discussed shifting market conditions, Opportunity Zone transition rules, and possible federal tax …
ABA urges Tax Court to clarify, revise proposed practice rules
After the Tax Court announced proposed procedural changes in May, the American Bar Association Section of Taxation has offered several …
Bill would allow for larger contributions to foster care children’s Trump accounts
Representative Blake Moore (R-UT) has introduced the Foster Youth Investment Act, H.R. 9920, which aims to help children in foster care build financial …
Multistate Monitor — Tax pros delve into state initiatives to tax the wealthy
Wealth taxes popping up at the state level are causing some high-net-worth taxpayers to question their future tax planning strategies …
Court gives insurer chance to amend ERC refund complaint
A California insurance agency has been granted leave to amend its complaint in a lawsuit seeking a refund for the …
IRS grants filing relief for 2026 FIFA World Cup participants
The IRS has issued new procedural guidance relieving certain foreign FIFA member associations from the requirement to file an annual …
H&R Block appeals ruling in tax data privacy class action
H&R Block is urging a federal appeals court to reverse a decision that refused to enforce its arbitration agreement, letting …
6th Circuit rules property tax foreclosure can be avoided as preferential transfer under Bankruptcy Code
By Bethany D. Simmons, Esq., and Noah Weingarten, Esq., Loeb & Loeb LLP In Reinhardt v. Prince (In re Reinhardt), 177 F.4th 684 …
Appeals officer did not abuse their discretion sustaining levy against non-compliant taxpayer
The Tax Court found that an Appeals officer properly sustained a proposed levy for a taxpayer’s 2016 unpaid taxes, because …