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

Newly proposed IRS regulations on company expense allocation dampen a business tax benefit Republicans created in their 2025 tax law, tax practitioners say.

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 ...

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

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 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.

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 ...

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 ...

The Oklahoma Tax Commission ruled that subscription charges for remotely accessed, hosted software platforms are exempt from Oklahoma sales and use tax when the prewritten software is delivered ...

The IRS released guidance Thursday detailing how a part of the tax code that limits the amount of foreign tax credits a company can take interacts with a new business tax benefit under Republicans’ ...

The Indiana Department of Revenue (DOR) updated its guidance on the Health Reimbursement Arrangement Tax Credit to reflect changes applicable for taxable years beginning in 2026. The Department ...