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Meta Platforms Inc. is taking no chances that Mark Zuckerberg ends up living far away from the company he co-founded. news.bloombergtax.com/daily-…
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The Treasury Department proposed rules on new restrictions on large investors buying single-family homes, one of the first moves in the federal government to implement the bipartisan housing package that passed over the summer. news.bloombergtax.com/daily-…
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Violations of US audit standards plunged among mid-tier firms in 2025, narrowing the gap with their largest peers in annual quality reviews. news.bloombergtax.com/financ…
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New York City will make a $60 million payment to resolve a class action over the city’s paused program that allowed it to seize tax-delinquent properties and transfer them to nonprofit operators. news.bloombergtax.com/daily-…
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Noncompliant tax preparers who likely were filing returns using a withholding tax scheme resulted in roughly $740 million in refunds in tax years 2023 and 2024, a watchdog said. news.bloombergtax.com/daily-…
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South Carolina appellate rulings upholding tax assessments against Mastercard International Inc. and US Bank NA highlight a nationwide shift toward states focusing on where a company’s market is, even if that’s not how the statute is framed. news.bloombergtax.com/daily-…
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The IRS is beefing up its civil and crime unit workforce again after steep losses from Elon Musk’s purge of the federal government. news.bloombergtax.com/daily-…
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A Texas judge is demanding action in Apple Inc.‘s long-running lawsuit for a refund of $4.7 million it paid the state in sales tax for iCloud and iTunes Match services. news.bloombergtax.com/daily-…
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Sixth Circuit judges questioned the dismissal of a whistleblower’s bid for $240 million from the IRS, which capped the award at $10 million despite his role to help recover around $1.6 billion. news.bloombergtax.com/daily-…
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The US accounting board advanced its short-term project to modify rules for how companies record risk management activities in their financial reports. news.bloombergtax.com/financ…
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A partnership confronted with two conflicting IRS notices shouldn’t have to go to court to determine which one holds legal weight, Spencer West’s Colette Karam writes. news.bloombergtax.com/tax-in…
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EU countries are close to finalizing a plan to more than double tax rates on cigarette sales and add new levies to a range of tobacco-related products like nicotine pouches, despite determined opposition from Sweden. news.bloombergtax.com/daily-…
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A panel of Sixth Circuit judges during oral arguments inspected a 90-day filing deadline for taxpayers seeking “innocent spouse relief” in search of a clear grant of jurisdiction for the US Tax Court. news.bloombergtax.com/daily-…
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The Treasury Department on Thursday proposed rules on new restrictions on large investors buying single-family homes, one of the first moves in the federal government to implement the bipartisan housing package that passed over the summer. news.bloombergtax.com/daily-…
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Meta Platforms Inc. is taking no chances that Mark Zuckerberg ends up living far away from the company he co-founded. news.bloombergtax.com/daily-…
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Chicago Mayor Brandon Johnson’s budget for next year includes a renewed push for a per-employee head tax on businesses and a request to sell millions in bonds to pay down settlements and judgments for past police misconduct. news.bloombergtax.com/daily-…
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The Organization for Economic Cooperation and Development will explore new alternatives to taxing the digital economy, moving away from a previously agreed framework, a top tax official said. news.bloombergtax.com/daily-…
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Companies subject to a new global minimum tax and related reporting mandates leaned on PwC’s tax and legal services over the past year, helping to make it the fastest-growing segment across the accounting and advisory firm’s international network. news.bloombergtax.com/financ…
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The US Tax Court disallowed most of $39 million in charitable contribution deductions claimed by two Ohio real estate partnerships for historic preservation easements donated over downtown Columbus office buildings. news.bloombergtax.com/daily-…
703
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 federal returns. news.bloombergtax.com/daily-…
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