The U.S. Tax Court held that the IRS timely issued a Final Partnership Adjustment (FPA) because an extension agreement executed under I.R.C. §6235(b) extended the limitations period for making ...

The U.S. District Court held that a taxpayer’s refund suit was barred because his amended return was not duly filed under I.R.C. §7422(a). The taxpayer filed a Form 1040-X seeking ...

The IRS has issued a private letter ruling on I.R.C. §754 and Treas. Reg. §301.9100 granting a limited liability company treated as a partnership an extension of time of 120 ...

The IRS has issued a private letter ruling on I.R.C. §§1501, 1502, and 1504 and Treas. Reg. §1.1502 determining a subsidiary corporation shall be treated as having filed Form 1122 ...

China has fulfilled more than half of its US soybean purchase pledge, offering a bright spot for trade between the world’s two largest economies ahead of President Xi Jinping’s upcoming visit to ...

The Trump administration’s push to bring US drug spending down is a powerful incentive for pharmaceutical companies to boost prices and reduce access elsewhere in the world, a study found.

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

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

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 ...

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

Opinion: Tax, immigration, social security, payroll, and global mobility data can no longer be managed in isolation when employees or executives work across borders.

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 ...