Featured Stories

The Tax Angle: Taxpayer Advocate Update, Tax Prom 2025

From a look at changes underway at the Taxpayer Advocate Service to remarks by Senate Finance Committee Chairman M... (more story)

4 Things To Watch As UK Releases Budget

The U.K.'s Labour government is set to release an autumn budget Wednesday that faces a test of balancing a pledge ... (more story)

Key Issues Facing The IRS Amid Looming Budget Cuts

The Internal Revenue Service is facing steep budget cuts in 2026, raising concerns about the agency's ability to h... (more story)

Federal More

Texas Court Asks How Far IRS Deal With Churches Would Go

A Texas federal judge on Tuesday prodded multiple churches and Christian advocacy groups that are trying to use a proposed deal with the IRS to endorse political candidates, questioning whether churches that a... (more story)

Senate Panel Calls For Deep Cut To IRS Tech Budget

The Senate Appropriations Committee proposed reducing the Internal Revenue Service's budget to $11.8 billion for 2026, including a sizable cut to the agency's technology budget only partially offset by an incr... (more story)

Considerations When Invoking The Common-Interest Privilege

To successfully leverage the common-interest doctrine in a multiparty transaction or complex litigation, practitioners should be able to demonstrate that the parties intended for it to apply, that an underlyin... (more story)

Goldstein Asks 4th Circ. To Undo Pretrial Rulings

SCOTUSblog co-founder Tom Goldstein is appealing a series of rulings from a Maryland federal judge denying his bid to toss five of the 22 federal tax charges he's slated to stand trial for next year.

Senator Admits To Owing $5M In Delinquent Taxes

West Virginia Sen. Jim Justice and his wife have admitted they owe more than $5 million in back taxes, settling a government lawsuit that accused them of failing to pay off their bill for the last decade, acco... (more story)

The Law Firm Merger Diaries: Making The Case To Combine

When making the decision to merge, law firm leaders must factor in strategic alignment, cultural compatibility and leadership commitment in order to build a compelling case for combining firms to achieve share... (more story)

$34M Historic Easement Tax Break Wrongly Denied, Court Told

A partnership that donated an easement to protect historic school buildings in Cleveland challenged the IRS' denial of its $34 million charitable donation deduction in the U.S. Tax Court, saying the agency did... (more story)

State & Local More

Arby's Franchisee Tells Ark. Justices Biz Sale Wasn't Taxable

An Oklahoma-based company that was once the largest Arby's franchisee did not receive business income that was taxable in Arkansas when it sold its business, the now-defunct corporation told the Arkansas Supre... (more story)

Toss Of Transient Tax Case Shouldn't Be Stayed, Hawaii Says

Hawaii's motion in federal court to dismiss a complaint over the expansion of the state's transient occupancy tax to cruise ship passengers has progressed too far for the court to grant a stay of the motion, t... (more story)

What To Watch As NY LLC Transparency Act Is Stuck In Limbo

Just about a month before it's set to take effect, the status of the New York LLC Transparency Act remains murky because of a pending amendment and the lack of recent regulatory attention in New York, but busi... (more story)

Mich. High Court Won't Rethink Rejecting 'Rain Tax' Case

The Michigan Supreme Court declined for a second time to review a pair of challenges to Detroit's stormwater fees, allowing to stand lower court opinions that said the fees were not taxes subject to constitutional limits.

E-Cig Companies, NYC Agree On $1K Fines For Flavored Vapes

New York City has settled claims with two e-cigarette wholesalers that have agreed to stop pushing flavored vapes within the five boroughs and to pay $1,000 fines for future violations, while litigation contin... (more story)

Biz Group Asks NJ Court To Nix Tax Rule On Internet Activities

A New Jersey regulation that outlines when a company's internet activities exceed P.L. 86-272's protections against state income taxes should be struck down for conflicting with federal law, a business trade g... (more story)

Despite Deputy AG Remarks, DOJ Can't Sideline DC Bar

Deputy Attorney General Todd Blanche’s recent suggestion that the D.C. Bar would be prevented from reviewing misconduct complaints about U.S. Department of Justice attorneys runs contrary to federal statutes, ... (more story)

Illinois Takes A Turn Under The Dance Cap: SALT In Review

From Illinois' flirtation with a wealth tax to laudable customer service in several departments of revenue, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.

Phillips 66 Loses Appeal Of La. Refinery's $1 Billion Value

Phillips 66 cannot use the sale of a refinery in another state in its arguments for lowering the $1 billion assessment of a refinery in Louisiana, a state appeals court said, rejecting the company's appeal of the valuation.

International More

Half A Million Pensioners 'At Risk Of Paying Income Tax'

An additional half a million state pensioners would pay income tax if the government extends the freeze on thresholds for another two years, a former pensions minister has said.

Judge Halts IRS-ICE Info-Sharing Agreement

A D.C. federal judge temporarily stopped the IRS on Friday from sharing confidential taxpayer addresses with immigration enforcement officials, saying the agency's disclosures of addresses in August under an i... (more story)

IRS Finalizes Stock Buyback Tax Regs Without 'Funding Rule'

The Internal Revenue Service released final regulations Friday for the excise tax on corporations' stock buybacks and similar transactions without what is known as the funding rule, which would apply the levy ... (more story)

Trump Excludes Some Brazilian Foods From Higher Tariffs

President Donald Trump has excluded many Brazilian food products from a 40% tariff, including coffee, cocoa, beef and fruits, after receiving word initial progress has been made in ongoing trade negotiations, ... (more story)

UK Inheritance Tax Revenue Up 4% So Far In 2025

The government collected £5.2 billion ($6.8 billion) in inheritance tax between April and October, figures published on Friday by Britain's tax authority show, extending a record-setting trend in the 2025/26 financial year.

EU Needs Unified Tax Benefits For Electricity, Experts Say

The European Union needs a unified approach to tax benefits that would treat electricity more favorably than fossil fuels amid an impasse surrounding its overhaul to the energy taxation system, experts told th... (more story)

8th Circ. Decision Shipwrecks IRS On Shoals Of Loper Bright

The Eighth Circuit’s recent decision invalidating transfer pricing regulations in 3M Co. v. Commissioner may be the most significant tax case implementing Loper Bright's rejection of agency deference as a judi... (more story)