The owner of a luxury womenswear brand and her husband told the US Tax Court the IRS wrongly determined they owe more than $752,000 in additional federal income taxes and nearly $178,000 in penalties ...

Arizona House races in next month’s midterms could serve as a referendum on the GOP’s massive 2025 tax-and-spending law, Zach C. Cohen reports. The law’s impact on the swing state will test how and ...

Generous state and local tax breaks for data center building is causing the loss of billions in tax revenue, according to a new report from Senate Democrats.

An IRS employee who’s spoken against promoters selling nonexistent tax credits is suing the sponsor of the credits for defamation.

The IRS issued temporary regulations under I.R.C. §25F addressing the new nonrefundable federal income tax credit for qualified contributions to scholarship granting organizations (SGOs) beginning in ...

The IRS proposed regulations implementing the new nonrefundable Federal Scholarship Tax Credit under I.R.C. §25F for qualified contributions to scholarship granting organizations (SGOs). The proposed ...

The IRS issued final regulations amending Transparency in Coverage requirements under the Internal Revenue Code, ERISA, and the Public Health Service Act for group health plans and health insurance ...

Two high-profile tax cases involving Meta Platforms Inc. and medical giant Perrigo Co. are being closely watched by tax practitioners for clarity on a key issue: Can the IRS reach back and change the ...

The U.S. Court of Appeals for the 6th Circuit held that appeals from Tax Court decisions involving whistleblower claims under I.R.C. §7623 must be brought in the U.S. Court of ...

A federal judge in Florida granted Sen. Rick Scott’s request to file an amended complaint dismissing repeat claims made against Booz Allen Hamilton Inc. and its employee Charles Littlejohn in an ...

The government will likely pursue taxpayers more frequently for “erroneous refund” suits to reclaim pandemic-era tax credits that it contends were improperly claimed, a former trial attorney at the ...

The U.S. Court of Appeals for the Tenth Circuit held that the IRS was not required to produce taxpayers’ 2015 tax return or Form 4340 to establish their federal income ...