The IRS Office of Chief Counsel issued a memorandum concluding that return information of taxpayers not identified by a whistleblower may be disclosed to the whistleblower during review of the ...

The U.S. District Court held that the IRS properly assessed willful FBAR penalties against a deceased taxpayer’s estate for ...

The IRS’s newly finalized rules on deducting car-loan interest are liable to cause some problems for lenders when they try to separate what’s eligible for the deduction from what isn’t, critics say.

The hourly minimum wage in Arizona is expected to rise to $15.65 from $15.15 for calendar year 2027, according to Bloomberg Tax calculations. If the minimum wage becomes $15.65, the tipped minimum ...

A New York woman must pay tax penalties out of her late ex-husband’s estate because he failed to report to the IRS hundreds of thousands of dollars he had deposited in foreign bank accounts, a federal ...

The Maryland Comptroller announced that the annual interest rate applicable to refunds and amounts owed to the state will be 9.995 percent for calendar year 2027. [Md. Comp. Treas., Notice of Interest ...

A Treasury Department and IRS proposal to implement a new tax credit for donors to scholarship-granting organizations is under White House review.

The bill, sponsored by Reps. Linda Sánchez (D-Calif.) and Nathaniel Moran (R-Texas), comes after a call for a film production tax break from President Donald Trump, though the president didn’t give ...

The CFTC’s approval of Kalshi’s Bitcoin perpetual contract as a futures product doesn’t bind the IRS, leaving traders facing unresolved §1256 classification risk with material tax consequences, writes ...

The UK’s Financial Reporting Council has commenced investigations into KPMG and PKF Littlejohn’s audits of State Oil Limited, according to a statement. Investigations into the conduct of an individual ...

President Donald Trump’s proposal to send $5,000 checks to every adult US citizen if Republicans sweep the November midterms prompted a lukewarm response from members of his party in Congress, which ...

A failed multi-million dollar deal involving a Pablo Picasso painting resulted in an art broker owing more than $5 million after the US Tax Court said Thursday money he received from the father of ...