The IRS has published a private letter ruling on I.R.C. §170 addressing contribution deductibility and determining that donors cannot deduct donations and contributions to the taxpayer. The taxpayer ...

Pennsylvania Rep. Brian Fitzpatrick is something of an endangered species in Congress. He’s the kind of Republican that Democrats would want to work with on bipartisan bills — that is, if they can’t ...

The U.S. Bankruptcy Court for the Northern District of Ohio, Eastern Division, held that a taxpayer’s purported bond and ...

The U.S. District Court for the District of the Virgin Islands St. Thomas and St. Johns Division, held that the government could not use unjust enrichment and declaratory relief claims ...

The U.S. District Court for the Eastern District of New York held that employees plausibly alleged fraudulent information return claims under I.R.C. §7434 based on their employers’ alleged deliberate ...

The US Tax Court Monday disallowed most of $39 million in charitable contribution deductions claimed by two Ohio real estate partnerships for historic preservation easements donated over downtown ...

The IRS has published a private letter ruling on I.R.C. §§6001, 6033, and 7428 addressing the taxpayer’s failure to substantiate compliance with recordkeeping and reporting requirements, requiring ...

The IRS issued a revenue ruling prescribing federal tax rates for November 2026, including annual short-, mid-, and long-term applicable federal rates of 4.67 percent, 5.08 percent, and 5.52 percent, ...

The IRS has published a private letter ruling on I.R.C. §§1361 and 1362 granting relief from S corporation election ...

The IRS has published a private letter ruling on I.R.C. §§1361 and 1362 granting relief from S corporation termination following a missed qualified subchapter S trust (QSST) election, conditioned on ...

The IRS has published a private letter ruling on I.R.C. §117 confirming that scholarship and fellowship grants awarded under the taxpayer’s procedures are excluded from recipients’ income to the ...

The IRS has published a private letter ruling on Treas. Reg. §301.9100 and I.R.C. §2010 granting the taxpayer’s estate 120 days from the letter’s date to file Form 706 electing ...