/tax-authority/federal?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Tax Authority Federal Copyright 2025 À¶Ý®ÊÓƵ. en-US Wed, 20 Aug 2025 18:27:44 +0000 /tax-authority/federal/articles/2379352?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2379352 A government attorney seeking to stop a couple from challenging their tax bill in the U.S. Tax Court urged the Eighth Circuit not to follow the Second Circuit's recent determination that the 90-day petition filing deadline is flexible, saying that decision split from long-held precedent. Wed, 20 Aug 2025 18:10:13 +0000 /tax-authority/federal/articles/2354090?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2354090 A Florida investor who admitted to cheating the Internal Revenue Service out of $7 million in taxes was sentenced Wednesday to probation after telling a federal judge he suffers from serious health issues, including Stage 4 kidney cancer and early-onset dementia. Wed, 20 Aug 2025 18:08:30 +0000 /tax-authority/federal/articles/2379364?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2379364 A plastics manufacturer's captive insurance program to cover itself from various industrial and commercial risks was set up for legitimate reasons, the company told a Texas federal court in a bid to restore a tax deduction the IRS had denied on its premiums. Wed, 20 Aug 2025 16:44:33 +0000 /tax-authority/federal/articles/2379052?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2379052 Morris Manning & Martin LLP is facing allegations of racketeering and tax fraud in a suit brought in Georgia state court by three investors that names a number of professional services firms. Wed, 20 Aug 2025 16:19:48 +0000 /tax-authority/federal/articles/2379142?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2379142 The U.S. Treasury Department and IRS said Wednesday that they're planning to remove rules issued in January that would have forced companies to recognize income from payments that are disregarded for U.S. taxes yet reduce income in a foreign jurisdiction, a move prompted by criticism from businesses. Wed, 20 Aug 2025 16:12:07 +0000 /tax-authority/federal/articles/2378827?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2378827 Less than a month after announcing it had grown its ranks by 8% with the addition of 13 attorneys in three states, Nutter McClennen & Fish LLP said earlier this week that it has hired a New York-based tax attorney from Fox Horan & Camerini LLP. Wed, 20 Aug 2025 15:23:38 +0000 /tax-authority/federal/articles/2379286?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2379286 The Internal Revenue Service jettisoned any federal tax lien it claims to have against a man by filing an unsecured claim in his bankruptcy case, he told a Florida federal court Wednesday in response to the government's $28 million lawsuit against him. Tue, 19 Aug 2025 18:26:04 +0000 /tax-authority/federal/articles/2378878?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2378878 The IRS announced plans Tuesday to propose regulations that would make it easier for publicly traded foreign corporations that own U.S. real estate to move their official base to the U.S. without facing unexpected tax issues. Tue, 19 Aug 2025 17:59:44 +0000 /tax-authority/federal/articles/2378641?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2378641 The IRS must explain why it thinks an executive order mandating electronic tax payments required it to skip the competitive bidding process in awarding a $142 million contract for scanning and digitizing incoming tax filings, the Court of Federal Claims said. Tue, 19 Aug 2025 17:50:42 +0000 /tax-authority/federal/articles/2378808?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2378808 Probationary workers at the Internal Revenue Service who were told earlier this year that they were fired for performance had been rated highly or had not been there long enough to be evaluated, according to a report Tuesday by the Treasury Inspector General for Tax Administration. Tue, 19 Aug 2025 17:29:36 +0000 /tax-authority/federal/articles/2378802?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2378802 The Federal Circuit denied Tuesday a request for it to reconsider a precedential opinion upholding steel duties on German companies imposed after the U.S. Department of Commerce applied adverse facts available in an antidumping investigation. Tue, 19 Aug 2025 17:03:57 +0000 /tax-authority/federal/articles/2378711?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2378711 Medtronic expects tariffs to add $185 million to its costs over the course of its current fiscal year, an amount lower than a previous estimate due to the company's efforts to lessen tariffs' impact, an executive said Tuesday in an earnings call. Tue, 19 Aug 2025 16:06:52 +0000 /tax-authority/federal/articles/2378727?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2378727 A dual U.S.-Russian national was sentenced in a New York federal court to 30 months in prison after pleading guilty to his role in a scheme to smuggle sensitive, U.S.-made technology to further Russia's weapons development, prosecutors announced. Tue, 19 Aug 2025 15:52:01 +0000 /tax-authority/federal/articles/2378557?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2378557 Suits challenging President Donald Trump's imposition of emergency tariffs belong in the U.S. Court of International Trade and a D.C. federal judge improperly considered a case lodged by Illinois-based toy makers in his court, the government told the D.C. Circuit. Tue, 19 Aug 2025 14:38:42 +0000 /tax-authority/federal/articles/2376960?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2376960 After a semester using generative artificial intelligence tools with students in an entrepreneurship law clinic, we came away with numerous observations about the opportunities and challenges such tools present to new transactional lawyers, say professors at Cornell Law School. Tue, 19 Aug 2025 13:20:09 +0000 /tax-authority/federal/articles/2378729?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2378729 Home Depot expects to raise prices for some of its products as tariffs weigh its costs, while Congress' latest tax package will boost its cash flow, executives said Tuesday. Mon, 18 Aug 2025 18:23:43 +0000 /tax-authority/federal/articles/2378405?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2378405 An Alaska woman underreported her taxable income by failing to include stock transferred from her former employer, the U.S. Tax Court held Monday, rejecting her contention that she lacked control over the shares. Mon, 18 Aug 2025 18:22:56 +0000 /tax-authority/federal/articles/2378298?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2378298 A Texas federal court should block a deal the IRS made with religious groups that would allow churches to engage in political speech without losing their tax-exempt status, a nonprofit focused on the separation of church and state said, asking to intervene in the matter. Mon, 18 Aug 2025 18:07:58 +0000 /tax-authority/federal/articles/2378325?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2378325 The Internal Revenue Service on Monday updated the corporate bond monthly yield curve used in calculations for defined benefit plans for August, as well as corresponding segment rates and other related provisions. Mon, 18 Aug 2025 17:57:47 +0000 /tax-authority/federal/articles/2378399?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2378399 The U.S. Tax Court denied a Baltimore man tax deductions for business expenses and charitable contributions to a foundation created to find his nephew's killer, saying Monday that he failed to properly substantiate those claims on his 2018 return.