A federal judge in Dallas said ExxonMobil Corp. can claim 100% of a major tax deduction stemming from its natural gas partnership with the State of Qatar.

A Tennessee conservation easement donor had ample opportunities to contest a disputed land valuation before going to court, a federal judge ruled Tuesday, even though the IRS paused the case after ...

The Ninth Circuit on Tuesday affirmed the sentence and dismissed an appeal of a former FBI informant who admitted to providing false information regarding bribes he said were accepted by then-Vice ...

Courts must first determine the economic substance doctrine’s relevance to a transaction before the IRS can raise a challenge under it, a nonprofit taxpayer advocacy organization told the Fifth ...

Massachusetts Governor Maura Healey proposed a two-month suspension of the state’s gas tax to help offset rising costs for drivers, endorsing a policy that’s also been pushed by the Republican ...

Longtime tax-writing Rep. John Larson (D-Conn.) is on his way out. Whoever takes over the House Ways and Means Committee’s Social Security subcommittee next Congress will have their work cut out for ...

The U.S. Tax Court held that a tax preparer’s underpayments for tax years 2009 through 2011 were attributable to fraud, sustaining the IRS’s deficiency determinations and civil fraud penalties. The ...

The IRS issued an announcement revoking its determinations that 12 organizations qualify as tax-exempt organizations under I.R.C. §501(c)(3) and as eligible recipients of deductible charitable ...

A partnership’s US Tax Court petition filed after the 90-day window may be heard because extraordinary circumstances outside of the entity’s control prevented it from filing on time, the Tax Court ...

The IRS issued a notice extending for two additional years, through 2028, the phase-in period for enforcement and administration of the regulations under I.R.C. §871(m) governing dividend equivalent ...

The notice pertains to code section Section 871 (m), on prevention of non-US taxpayers avoiding withholding tax on dividends. The Treasury Department and IRS have previously extended the transition ...

The U.S. Tax Court held that the IRS Whistleblower Office did not abuse its discretion in denying a tax professional’s whistleblower claim because the information provided did not substantially ...