In the cases, the Tax Court determined the value of a conservation easement donated to charity using the comparable sales ...

This article breaks down two key tax issues facing Meta: its 87% effective tax rate and its nearly $16 billion tax bill ...

The donation of a 500-acre tract of Georgia land again came under scrutiny Tuesday before a panel of federal appeals court judges, who questioned a lower court’s ruling and whether its owners assigned ...

TYLER, Texas (KETK) — The House of Representatives unanimously passed a bipartisan tax reform bill on Monday, that was ...

The House approved two pieces of legislation to keep IRS agents from levying fines and penalties without supervisory approval, and to strengthen taxpayer rights in proceedings before the Tax Court.

A federal court this week struck down a controversial Internal Revenue Service “facts and circumstances” test for nonprofit tax-exempt status, calling it unconstitutionally vague and opening the door ...

The appellate court holds that the Sec. 6213(a) deadline for filing a Tax Court deficiency petition is nonjurisdictional and ...

The U.S. District Court held that the IRS’s failure to properly notify the taxpayer of a third-party summons issued to his bank may have violated the Right to Financial Privacy ...

Advances made by a taxpayer in its business of managing an arena were not bona fide debt, and the taxpayer was not entitled ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

In Soroban Capital Partners, the Tax Court analyzed the roles, responsibilities, and capital contributions of three limited partners in a limited partnership and determined that they were limited ...

A new state law expands the exemption, however, allowing the industry a larger tax break on electricity purchased to move ...