The IRS reached an agreement with a New York couple that they no longer owed taxes or penalties, after previously disallowing their $965,000 theft loss deduction related to a cryptocurrency investment ...

The Federal Circuit handed expat taxpayers back-to-back losses, ruling that certain US tax treaties don’t permit offsetting a 3.8% net investment income tax with foreign tax credits, but practitioners ...

The IRS has issued a private letter ruling on I.R.C. §§856 and 163, and Treas. Regs. §§301.9100 and 1.163 granting taxpayer extensions to make real estate investment trust (REIT) and ...

The IRS issued proposed regulations clarifying that a private school will not qualify for tax exemption under I.R.C. §501(c)(3) if it adopts, maintains, or enforces policies or practices that ...

The IRS has issued a private letter ruling on I.R.C. §1295 and Treas. Reg. §1.1295 granting consent for a domestic limited partnership to make retroactive qualified electing fund (QEF) elections ...

The IRS Friday announced modified accounting method change procedures for research and experimental expenditures.

The IRS issued a news release encouraging taxpayers to prepare for disasters by protecting important tax and financial records as part of National Preparedness Month. The IRS recommends storing tax ...

A federal district court properly assessed $2.9 million in civil penalties against a businessman who willfully failed to ...

The Polish parliament approved legislation Friday extending potential buyer liability for suppliers’ unpaid value-added tax to a range of business-to-business services.

The rules ( TD 10054; RIN 1545-BR75) implement the newly created tax break from the multitrillion-dollar law that President ...

New York City homeowners trying to escape their pied-à-terre tax liability have a slew of legal strategies to consider as they await their first bills, according to practitioners.

The Liechtenstein Fiscal Authority Sept. 2 posted online a synthesized text of the 2015 DTA and protocol with Georgia, and the Multilateral Convention to Implement Tax Treaty Related Measures to ...