The Taiwanese Ministry of Finance Oct. 23 clarified loss deductions for profit-seeking enterprises with minor late tax payments. The clarification includes that: 1) a profit-seeking enterprise can ...

A pair of taxpayers failed to recover more than $1.6 million they paid the IRS in assessed penalties for failure to report foreign bank accounts because they failed to submit proper and timely refund ...

Religious groups are urging a federal appeals court to fully reverse a lower court’s dismissal of their challenge to a ban on churches engaging in political activity, rather than issuing a narrow ...

The IRS’s union is asking a court to declare the agency’s canceling of its collective bargaining agreement as unlawful, alleging it violated the Administrative Procedure Act.

Oct. 22 issued an Advocate General opinion for Case No. C-497/25, on the tax dispute resolution mechanism under EU Directive 2017/1852. The taxpayer, a ...

The U.S. District Court for the Southern District of Florida held that prosecution for possession of unregistered short-barreled rifles could proceed because the federal savings clause preserved ...

The IRS has published a private letter ruling on I.R.C. §170 addressing contribution deductions for donations to the taxpayer, concluding that donors generally cannot deduct contributions and that the ...

The IRS has published a private letter ruling on I.R.C. §6033 and Treas. Reg. §1.6033 exempting the taxpayer from filing Form 990, Return of Organization Exempt from Income Tax, based ...

The IRS has published a private letter ruling on I.R.C. §§170 and 7428 denying deductions for contributions to the taxpayer and requiring any action for declaratory judgment within 90 days ...

The Spanish Ministry of Finance and Public Administration Oct. 23 opened a consultation on a draft order to establish the ...

The Argentine Federal Administration of Public Revenue Oct. 19 issued FAQs on monotax debt payments and regularization. Topics covered include: 1) that if payments aren’t made on time, the taxpayer ...

The U.S. Tax Court held that a partnership’s conservation easement deduction was limited to $500,000 because its mining-based valuation lacked credible support and sustained a gross valuation ...