The IRS issued a news release announcing proposed regulations implementing the new Federal Scholarship Tax Credit under I.R.C. §25F, commonly known as the Education Freedom Tax Credit. Under the ...

The U.S. Tax Court held that individuals and an S corporation were liable for accuracy-related penalties arising from a captive insurance arrangement that lacked economic substance under I.R.C.

The U.S. District Court for the District of Utah held that the Government could enforce federal tax liens against estate property to the extent of a $246,288.49 equitable lien held ...

The U.S. District Court for the District of Nebraska held that a taxpayer’s refund suit was untimely because she failed to file her complaint within the two-year limitations period under ...

The U.S. District Court for the District of Minnesota held that a criminal restitution order did not restrict the IRS’s independent authority to collect a defendant’s delinquent federal tax ...

Senate Finance Committee Democrats are pressuring IRS Commissioner Frank Bisignano to remove a proposed citizenship status question from the draft Form 1040 for the upcoming tax year, in a letter ...

Premier Giorgia Meloni’s government will pare back defense spending in a late change to the budget as it seeks to shrink Italy’s deficit, according to people familiar with the matter.

Illinois is moving to postpone compliance with its first-in-the-nation tax on digital assets by six months under an agreement with a cryptocurrency trade group that had filed a constitutional ...

New Jersey’s regulations expanding income tax obligations to out-of-state online merchants don’t exceed the state’s authority under federal law, the state tax court ruled Thursday. The New Jersey Tax ...

A federal judge won’t allow the Justice Department to revive a $2.4 million tax penalty against a foreign debt investor because the IRS had previously abated it.

Healey has invited bosses from banks including Barclays Plc, HSBC Holdings Plc and Lloyds Banking Group Plc to the meeting, according to people familiar with the matter, who asked not to be identified ...

Finland’s finance ministry proposed two pieces of tax legislation Thursday to broaden the tax exemption for investment funds and ease the compliance burden for corporate restructurings.