The IRS and Treasury Department are partially withdrawing proposed anti-abuse rules for a controlled corporation’s distribution of stock or securities.

The Trump administration announced $8 billion in aid for farmers to help offset rising fuel costs, a major burden for growers during the harvest.

A professional basketball player who played in Japan sued the IRS in US Tax Court, contesting the agency’s rejection of more than $1.28 million in foreign tax credits he claimed on his 2020 and 2021 ...

The IRS successfully implemented four of President Donald Trump’s flagship tax benefits from the 2025 tax-and-spending law, the watchdog said, though compliance concerns remain.

European lawmakers called on national authorities and EU bodies to work more closely to combat cross-border value-added tax fraud, which continues to cost governments billions of euros.

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

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 ...