House Tax writers who supported cryptocurrency taxation legislation are getting a boost in their reelection bids from the industry’s well-funded political action committee. Fairshake, one of the most ...

Sen. Rick Scott (R-Fla.) encountered objections to keeping his lawsuit over the leak of his confidential tax information by a Booz Allen Hamilton Inc. employee in a Florida federal district court, ...

A task force led by Vice President JD Vance that targets federal benefits abuse could run into challenges when it tackles cases involving taxes, a former Justice Department tax attorney said.

Treasury and IRS officials aim to publish proposed regulations clarifying an anti-abuse rule for foreign income in the near future and hinted at the direction the government will take to revise ...

The Treasury Department hopes to release guidance before the end of the year on tax breaks for research and development expenditures amended by the 2025 tax-and-spending law.

The New Mexico Taxation and Revenue Department published a bulletin announcing disaster relief tax extensions for taxpayers affected by the September 2026 flooding following emergency declarations ...

A federal judge indicated during oral arguments Monday he probably will broaden the scope of a ruling from 2025 that called into question billions of tax dollars paid to the IRS during the Covid-19 ...

The U.S. Court of Appeals for the Seventh Circuit held that a taxpayer could not pursue damages under I.R.C. §7434 based on an allegedly fraudulent Form 1099-C, Cancellation of Debt, ...

The U.S. Court of Appeals for the D.C. Circuit held that a taxpayer could not exclude the entirety of a settlement payment from gross income under I.R.C. §104(a)(2) and affirmed ...

The IRS has issued a private letter ruling on I.R.C. §754 and Treas. Reg. §301.9100 granting a partnership a 120-day extension to file a Section 754 election for basis adjustments ...

The U.S. Tax Court held that a taxpayer was liable for a deficiency arising from $140,064 in unreported retirement account distributions for 2019 and for additions to tax for failure ...

The U.S. Tax Court held that a taxpayer had $24,000 of unreported taxable income because he failed to establish that the IRS’s bank deposits analysis was inaccurate. The taxpayer originally ...