2nd Circuit sides with government in limited partner tax dispute
The definition of “limited partner” for purposes of the self-employment tax exclusion hinges on a partner’s management and control activities, …
Group says government is ignoring ‘constitutional elephant’ in Corporate Transparency Act dispute
The National Small Business Association urged the Supreme Court to review the Corporate Transparency Act’s (CTA) constitutionality, arguing in a …
Multistate Monitor — State R&E conformity creates confusion, complexity for business
The federal rules for deducting research and development costs are settling after changes under the One Big Beautiful Bill Act. …
LB&I chief shares priorities, provides workforce updates
IRS Large Business and International (LB&I) Division Commissioner Mabeline Baldwin shared the division’s current priorities and how it’s adjusting to …
D.C. Circuit blocks IRS from sharing taxpayer data with ICE
A federal appeals court has affirmed a preliminary injunction blocking an IRS policy that disclosed thousands of taxpayers’ addresses to …
Senators decry Treasury refusal to amend private jet valuation rule
A group of senators criticized the Treasury Department for refusing to amend the Standard Industry Fare Level (SIFL) valuation rules …
Bipartisan duo seek to ensure nonprofit status does not constitute ‘government handout’
A new bipartisan bill aims to ensure tax-exempt status does not equate to a federal government grant or subsidy. Proponents …
Groups urge Tax Court to halt interest on pre-COVID debts
Business and taxpayer advocacy groups have filed a series of amicus briefs urging the Tax Court to rule that interest …
New IRS easement office ought to prioritize faster settlements, expert says
The IRS’ creation of an Office of Conservation Easements marks a change in how the agency resolves thousands of easement …
Republicans hesitant on AI taxes, says expert
Amid competitiveness concerns and fundamental questions about tax structure, one expert said congressional Republicans have been largely quiet about a …