Internal Revenue Service (IRS)
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Tax Law
What You Can Do If You Have More Than One Government Agency Coming After You For Taxes
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Biglaw
Biglaw Firm Takes On The IRS
Just as the IRS is turning its enforcement efforts to partnerships....
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Tax Law
Actor Terrence Howard Hit With A Judgment For More Than $900,000 In Back Taxes While Claiming It Is Immoral To Tax Descendants Of Slaves
Howard seems to have had a long history of tax issues. -
Law Schools
More Lawyers Working In Public Service Are Starting To See Their Student Loans Vanish Thanks To The Public Service Loan Forgiveness Program
Prospects for loan forgiveness have been improving. -
Courts
Leaker Of Trump's And Thousands Of Wealthy Individuals' Tax Returns Sentenced To 5 Years In Prison
Sen. Rick Scott claims Littlejohn, who received a statutory maximum for his crime, got a slap on the wrist. -
Technology
You Must Know These Tax Rules If You Plan To Write Off Your Purchase Of The Apple Vision Pro
While the Vision Pro’s business use has not been established, businesses seem to have several reasons to purchase it for their operations.
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Tax Law
Did The Creator Of Barbie Engage In Tax Evasion?
Barbie, who has held over 200 careers -- including beekeeper, matador, Starfleet security officer, jillaroo, cat burglar, photojournalist, lawyer, judge, police officer, chief sustainability officer, and lute player -- has never been an accountant. - Sponsored
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Government
IRS Wants Microsoft To Pay $28.9B For Using Transfer Pricing To Avoid Taxes
Let’s look at what transfer pricing is, how it can be used for tax avoidance, and what problems this presents. -
Tax Law
Rudy Giuliani Hit With $550K Tax Lien
He's in a financial tailspin, and the IRS is another creditor. -
Crime
IRS Contractor Charged With Stealing Former President Trump's And Other Wealthy Individuals' Tax Returns And Leaking Them To The Press
Nobody knew who gave ProPublica and New York Times the tax returns. Until now. -
Courts, Government
Hunter Biden Sues The IRS Claiming That Agents Illegally Disclosed His Private Information
Hunter Biden’s complaint stated that IRS agent Gary Shapley violated confidentiality by talking to the press on multiple occasions. -
Biglaw, Government
The IRS Will Use Artificial Intelligence To Help Pick Which Large Law Firms To Audit
The IRS has not elaborated, but the vague language could be intentional in order to put many others on notice.
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Government
IRS Plans To Ditch The Use Of Paper By 2026
The IRS estimates more than 94% of individual taxpayers will no longer ever need to send mail to them. -
Government
IRS Collection Staff Will Stop Its Practice Of Surprise Taxpayer Visits
The two main reasons for this are safety and to prevent scams. -
Courts
Beyoncé Is Fighting Her $2.7M Tax Bill In Court
Given Beyoncé’s superstar status and the publicity it has generated, the IRS will give special attention to this case as it will have an effect on public compliance and respect for the tax laws. -
Courts
Supreme Court Unanimously Holds That The IRS Can Summon A Law Firm’s Bank Records Without Giving Notice If Their Client Owes Back Taxes
The Court unanimously agreed with the Sixth Circuit. -
Government
IRS Will Continue To Treat Cryptocurrencies Like Property Even Though One Country Considers It Legal Tender
To understand the decision, let’s compare the tax consequences of cryptocurrency transactions under the foreign currency laws versus the current property rules stated in Notice 2014-21. -
Government
The IRS Is Seeking Public Comment On Whether They Should Tax NFTs Like Works Of Art
It is unclear why the IRS is making this announcement. -
Government
Paper Claims That Black Taxpayers Are More Likely To Be Audited
However, the paper uses questionable assumptions to determine a person’s race and does not take into account how the audits were resolved.