Bloomberg Tax
@bloombergtax.com
Leading source of tax & accounting news.
✉️ Newsletter: http://btaxgo.com/8izzqCL
🎧 Podcast: http://btaxgo.com/IsUUdro
✉️ Newsletter: http://btaxgo.com/8izzqCL
🎧 Podcast: http://btaxgo.com/IsUUdro
The Trump administration has an uphill battle to find its next pick for the top IRS attorney position, after the president in a surprise move withdrew Donald Korb’s nomination days before his expected Senate confirmation vote.
Turmoil at Top of Trump’s IRS May Deter Future Legal Candidates
The Trump administration has an uphill battle to find its next pick for the top IRS attorney position, after the president in a surprise move withdrew Donald Korb’s nomination days before his expected Senate confirmation vote.
bit.ly
November 22, 2025 at 2:00 PM
The Trump administration has an uphill battle to find its next pick for the top IRS attorney position, after the president in a surprise move withdrew Donald Korb’s nomination days before his expected Senate confirmation vote.
Opinion: Biopharmaceutical companies can consider strategic reshoring and short-term tactics to minimize their exposure to potential tariffs.
Pharma Tariffs Would Be Importers’ Chance to Revamp Operations
Opinion: Biopharmaceutical companies can consider strategic reshoring and short-term tactics to minimize their exposure to potential tariffs.
bit.ly
November 22, 2025 at 11:00 AM
Opinion: Biopharmaceutical companies can consider strategic reshoring and short-term tactics to minimize their exposure to potential tariffs.
The IRS will automatically apply penalty waivers for certain taxpayers who failed to pay, file, or deposit starting for the upcoming filing season, National Taxpayer Advocate Erin Collins said.
IRS to Provide Automatic Penalty Relief Next Filing Season
The IRS will automatically apply penalty waivers for certain taxpayers who failed to pay, file, or deposit starting for the upcoming filing season, National Taxpayer Advocate Erin Collins said.
bit.ly
November 22, 2025 at 8:00 AM
The IRS will automatically apply penalty waivers for certain taxpayers who failed to pay, file, or deposit starting for the upcoming filing season, National Taxpayer Advocate Erin Collins said.
The IRS withdrew a controversial portion of its regulations on the stock-buyback tax, a move many business advocates and tax-world observers had argued for.
IRS Scraps ‘Funding Rule’ in Stock-Buyback Tax Regulations (3)
The IRS withdrew a controversial portion of its regulations on the stock-buyback tax, a move many business advocates and tax-world observers had argued for.
bit.ly
November 22, 2025 at 5:00 AM
The IRS withdrew a controversial portion of its regulations on the stock-buyback tax, a move many business advocates and tax-world observers had argued for.
Opinion: When a customer redeems a gift card, enjoys a 50% discount, or picks up a “free” bundle, the correct VAT treatment depends on knowing where the line lies between a voucher, a discount, and a supply.
Black Friday Deals Trigger Complex Value-Added Tax Calculations
Opinion: When a customer redeems a gift card, enjoys a 50% discount, or picks up a “free” bundle, the correct VAT treatment depends on knowing where the line lies between a voucher, a discount, and a supply.
bit.ly
November 22, 2025 at 2:00 AM
Opinion: When a customer redeems a gift card, enjoys a 50% discount, or picks up a “free” bundle, the correct VAT treatment depends on knowing where the line lies between a voucher, a discount, and a supply.
A top OECD official said Friday that rewriting the global minimum tax to meet the Trump administration’s demands to exempt American companies isn’t preferable, but acknowledged that the US is seeking changes rather than dismantling the tax.
Global Tax Deal Tweaks Not Ideal but Workable, OECD Official Says
A top OECD official said Friday that rewriting the global minimum tax to meet the Trump administration’s demands to exempt American companies isn’t preferable, but acknowledged that the US is seeking changes rather than dismantling the tax.
bit.ly
November 21, 2025 at 11:01 PM
A top OECD official said Friday that rewriting the global minimum tax to meet the Trump administration’s demands to exempt American companies isn’t preferable, but acknowledged that the US is seeking changes rather than dismantling the tax.
Anadarko Petroleum Corp. failed to convince the Texas Supreme Court to consider its petition seeking an $8.5 million franchise tax refund in connection with the Deepwater Horizon oil spill, an orders list released by the justices Friday indicates.
Texas Justices Skip Anadarko’s Bid for Oil Spill Deal Tax Refund
Anadarko Petroleum Corp. failed to convince the Texas Supreme Court to consider its petition seeking an $8.5 million franchise tax refund in connection with the Deepwater Horizon oil spill, an orders list released by the justices Friday indicates.
bit.ly
November 21, 2025 at 8:00 PM
Anadarko Petroleum Corp. failed to convince the Texas Supreme Court to consider its petition seeking an $8.5 million franchise tax refund in connection with the Deepwater Horizon oil spill, an orders list released by the justices Friday indicates.
Opinion: When it comes to AI, the boundary between human and machine in compliance operations is blurring—and tax leaders must guide that convergence.
AI Is Gaining Grip on Tax Compliance. Tax Pros Must Lead the Way
Opinion: When it comes to AI, the boundary between human and machine in compliance operations is blurring—and tax leaders must guide that convergence.
bit.ly
November 21, 2025 at 5:00 PM
Opinion: When it comes to AI, the boundary between human and machine in compliance operations is blurring—and tax leaders must guide that convergence.
The provision in the massive tax-and-spending law means spaceports can issue tax-exempt bonds to fund infrastructure projects, much like municipal authorities do to build airports and highways.
Billion-Dollar Tax Break Poised to Fuel Spaceport Development
The provision in the massive tax-and-spending law means spaceports can issue tax-exempt bonds to fund infrastructure projects, much like municipal authorities do to build airports and highways.
bit.ly
November 21, 2025 at 2:00 PM
The provision in the massive tax-and-spending law means spaceports can issue tax-exempt bonds to fund infrastructure projects, much like municipal authorities do to build airports and highways.
Lawmakers and advocates for employers that hire workers who typically struggle to find a job are joining forces, in hopes of preventing the expiration of a tax credit that has bipartisan backing.
Bipartisan Momentum Grows for Employment Tax Break Expansion (1)
Lawmakers and advocates for employers that hire workers who typically struggle to find a job are joining forces, in hopes of preventing the expiration of a tax credit that has bipartisan backing.
bit.ly
November 21, 2025 at 11:00 AM
Lawmakers and advocates for employers that hire workers who typically struggle to find a job are joining forces, in hopes of preventing the expiration of a tax credit that has bipartisan backing.
On this week’s Talking Tax episode, reporters Zach C. Cohen and Erin Durkin discuss next steps for appropriating funds for the IRS and Treasury after current funding runs dry Jan. 30, and potential legislative solutions to rising health-care premiums.
What Comes Next for the IRS and Tax After the Long Shutdown
On this week’s Talking Tax episode, reporters Zach C. Cohen and Erin Durkin discuss next steps for appropriating funds for the IRS and Treasury after current funding runs dry Jan. 30, and potential legislative solutions to rising health-care premiums.
bit.ly
November 21, 2025 at 8:00 AM
On this week’s Talking Tax episode, reporters Zach C. Cohen and Erin Durkin discuss next steps for appropriating funds for the IRS and Treasury after current funding runs dry Jan. 30, and potential legislative solutions to rising health-care premiums.
Opinion: A 2023 US Supreme Court ruling offer a crucial tool to individuals, entities, and nonprofits to go on the offensive and seek an injunction enjoining civil investigations brought by the Trump administration.
Supreme Court Case Offers Good Defense Against Trump IRS Audits
Opinion: A 2023 US Supreme Court ruling offer a crucial tool to individuals, entities, and nonprofits to go on the offensive and seek an injunction enjoining civil investigations brought by the Trump administration.
bit.ly
November 21, 2025 at 5:00 AM
Opinion: A 2023 US Supreme Court ruling offer a crucial tool to individuals, entities, and nonprofits to go on the offensive and seek an injunction enjoining civil investigations brought by the Trump administration.
Multinationals are increasingly becoming embroiled in disputes with tax authorities around the world and spending less time on planning and strategy amid growing trade and economic concerns.
Company Tax Planning Sidetracked by Growing Global Discord
Multinationals are increasingly becoming embroiled in disputes with tax authorities around the world and spending less time on planning and strategy amid growing trade and economic concerns.
bit.ly
November 21, 2025 at 2:00 AM
Multinationals are increasingly becoming embroiled in disputes with tax authorities around the world and spending less time on planning and strategy amid growing trade and economic concerns.
A&E Television Networks LLC was right to take a deduction from New York City unincorporated business tax for expenses that are also deductible under federal law, a city tribunal affirmed.
A&E Properly Took Business Deduction From NYC Tax, Tribunal Says
A&E Television Networks LLC was right to take a deduction from New York City unincorporated business tax for expenses that are also deductible under federal law, a city tribunal affirmed.
bit.ly
November 20, 2025 at 11:00 PM
A&E Television Networks LLC was right to take a deduction from New York City unincorporated business tax for expenses that are also deductible under federal law, a city tribunal affirmed.
Guidance documents on bonus depreciation, tax-exempt status, and international topics are among a barrage expected in the coming months from the Treasury Department and IRS, Ken Kies, assistant Treasury secretary for tax policy, told tax executives.
Treasury, IRS to Release Wave of New Guidance in Coming Months
Guidance documents on bonus depreciation, tax-exempt status, and international topics are among a barrage expected in the coming months from the Treasury Department and IRS, Ken Kies, assistant Treasury secretary for tax policy, told tax executives.
bit.ly
November 20, 2025 at 8:00 PM
Guidance documents on bonus depreciation, tax-exempt status, and international topics are among a barrage expected in the coming months from the Treasury Department and IRS, Ken Kies, assistant Treasury secretary for tax policy, told tax executives.
Opinion: A 2023 US Supreme Court ruling offer a crucial tool to individuals, entities, and nonprofits to go on the offensive and seek an injunction enjoining civil investigations brought by the Trump administration.
Supreme Court Case Offers Good Defense Against Trump IRS Audits
Opinion: A 2023 US Supreme Court ruling offer a crucial tool to individuals, entities, and nonprofits to go on the offensive and seek an injunction enjoining civil investigations brought by the Trump administration.
bit.ly
November 20, 2025 at 5:00 PM
Opinion: A 2023 US Supreme Court ruling offer a crucial tool to individuals, entities, and nonprofits to go on the offensive and seek an injunction enjoining civil investigations brought by the Trump administration.
Lawmakers and advocates for employers that hire workers who typically struggle to find a job are joining forces, in hopes of preventing the expiration of a tax credit that has bipartisan backing.
Bipartisan Momentum Grows for Employment Tax Break Expansion
Lawmakers and advocates for employers that hire workers who typically struggle to find a job are joining forces, in hopes of preventing the expiration of a tax credit that has bipartisan backing.
bit.ly
November 20, 2025 at 2:00 PM
Lawmakers and advocates for employers that hire workers who typically struggle to find a job are joining forces, in hopes of preventing the expiration of a tax credit that has bipartisan backing.
Don’t go making plans just yet to spend the $2,000 tariff “dividend” rebates President Donald Trump has proposed for millions of Americans.
Big Challenges Stand in the Way of IRS Tariff Dividend Rebates
Don’t go making plans just yet to spend the $2,000 tariff “dividend” rebates President Donald Trump has proposed for millions of Americans.
bit.ly
November 20, 2025 at 11:00 AM
Don’t go making plans just yet to spend the $2,000 tariff “dividend” rebates President Donald Trump has proposed for millions of Americans.
Transfer pricing is no longer a technical exercise but a governance issue involving decisions about value chains, intellectual property ownership, and distributor characterization that must withstand courtroom-level interrogation.
Courts Play Key Role As Transfer Pricing Disputes Escalate
Transfer pricing is no longer a technical exercise but a governance issue involving decisions about value chains, intellectual property ownership, and distributor characterization that must withstand courtroom-level interrogation.
bit.ly
November 20, 2025 at 8:00 AM
Transfer pricing is no longer a technical exercise but a governance issue involving decisions about value chains, intellectual property ownership, and distributor characterization that must withstand courtroom-level interrogation.
Singapore is launching a pilot program for taxpayers to use the OECD’s simplified and streamlined approach to transfer pricing.
Singapore to Let Taxpayers Try Simplified Transfer Pricing Rules
Singapore is launching a pilot program for taxpayers to use the OECD’s simplified and streamlined approach to transfer pricing.
bit.ly
November 20, 2025 at 5:00 AM
Singapore is launching a pilot program for taxpayers to use the OECD’s simplified and streamlined approach to transfer pricing.
On this week’s Talking Tax episode, reporters Zach C. Cohen and Erin Durkin discuss next steps for appropriating funds for the IRS and Treasury after current funding runs dry Jan. 30, and potential legislative solutions to rising health-care premiums.
What Comes Next for the IRS and Tax After the Long Shutdown
On this week’s Talking Tax episode, reporters Zach C. Cohen and Erin Durkin discuss next steps for appropriating funds for the IRS and Treasury after current funding runs dry Jan. 30, and potential legislative solutions to rising health-care premiums.
bit.ly
November 20, 2025 at 2:00 AM
On this week’s Talking Tax episode, reporters Zach C. Cohen and Erin Durkin discuss next steps for appropriating funds for the IRS and Treasury after current funding runs dry Jan. 30, and potential legislative solutions to rising health-care premiums.
A Turkish-American dual citizen failed to show that his nearly $438,000 fine for willfully failing to report his Turkish bank accounts from 2013 to 2017 was an Eighth Amendment violation.
FBAR Penalty of $438,000 Not Unconstitutionally Excessive Fine
A Turkish-American dual citizen failed to show that his nearly $438,000 fine for willfully failing to report his Turkish bank accounts from 2013 to 2017 was an Eighth Amendment violation.
bit.ly
November 19, 2025 at 11:01 PM
A Turkish-American dual citizen failed to show that his nearly $438,000 fine for willfully failing to report his Turkish bank accounts from 2013 to 2017 was an Eighth Amendment violation.
Companies are poised to gain further clarity on how to report certain crypto asset transfers in their financial reports.
Crypto Transfers Under Accounting Microscope in New US Project
Companies are poised to gain further clarity on how to report certain crypto asset transfers in their financial reports.
bit.ly
November 19, 2025 at 8:00 PM
Companies are poised to gain further clarity on how to report certain crypto asset transfers in their financial reports.
Opinion: Biopharmaceutical companies can consider strategic reshoring and short-term tactics to minimize their exposure to potential tariffs.
Pharma Tariffs Would Be Importers’ Chance to Revamp Operations
Opinion: Biopharmaceutical companies can consider strategic reshoring and short-term tactics to minimize their exposure to potential tariffs.
bit.ly
November 19, 2025 at 5:00 PM
Opinion: Biopharmaceutical companies can consider strategic reshoring and short-term tactics to minimize their exposure to potential tariffs.
Don’t go making plans just yet to spend the $2,000 tariff “dividend” rebates President Donald Trump has proposed for millions of Americans.
Big Challenges Stand in the Way of IRS Tariff Dividend Rebates
Don’t go making plans just yet to spend the $2,000 tariff “dividend” rebates President Donald Trump has proposed for millions of Americans.
bit.ly
November 19, 2025 at 2:00 PM
Don’t go making plans just yet to spend the $2,000 tariff “dividend” rebates President Donald Trump has proposed for millions of Americans.