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News, commentary, analysis | taxnotes.com
Nonpartisan nonprofit.
"One of the common themes you'll see about what could be done with this tariff revenue is that there's a big proposal, but the math doesn't always add up on it," Jonathan Curry explains.
Tariffs, Trade And Congress's Tax Credit Limbo
In this episode of Tax Notes Talk, Tax Notes reporters discuss updates on the biggest tax issues of the year, including the expiring Affordable Care Act credit and the Trump administration's recent tariff and trade announcements.
www.forbes.com
December 26, 2025 at 8:52 PM
"One of the common themes you'll see about what could be done with this tariff revenue is that there's a big proposal, but the math doesn't always add up on it," Jonathan Curry explains.
"The Brazilian digital detox tax is drafted in a manner that, under the parameters of section 899, appears like a 'discriminatory tax,' even though it is framed as a child-protection measure rather than a classic DST," Nana Ama Sarfo writes.
Looking Beyond Digital Services Taxes
Nana Ama Sarfo questions whether two tax proposals targeting the digital economy could be targeted as discriminatory unilateral measures if the U.S. revives section 899.
taxnotes.co
December 24, 2025 at 3:31 PM
"The Brazilian digital detox tax is drafted in a manner that, under the parameters of section 899, appears like a 'discriminatory tax,' even though it is framed as a child-protection measure rather than a classic DST," Nana Ama Sarfo writes.
"Most histories of American democracy start with voting rights or constitutional design," Joe Thorndike writes. "But Vanessa Williamson begins with a different focus: She wants to know who’s picking up the tab."
Read the review of @vanessawilliamson.bsky.social's book: https://taxnotes.co/4qfVZHm
Read the review of @vanessawilliamson.bsky.social's book: https://taxnotes.co/4qfVZHm
Democracy Comes With a Bill Attached: A Tax-Centered History of America | Tax Notes
taxnotes.co
December 23, 2025 at 6:20 PM
"Most histories of American democracy start with voting rights or constitutional design," Joe Thorndike writes. "But Vanessa Williamson begins with a different focus: She wants to know who’s picking up the tab."
Read the review of @vanessawilliamson.bsky.social's book: https://taxnotes.co/4qfVZHm
Read the review of @vanessawilliamson.bsky.social's book: https://taxnotes.co/4qfVZHm
Exclusive: The IRS has expanded the scope of prerevenue businesses that can qualify for tax-free treatment in a spinoff to include mining and extraction.
Read more: https://taxnotes.co/48VU1og
Read more: https://taxnotes.co/48VU1og
December 22, 2025 at 3:04 PM
Exclusive: The IRS has expanded the scope of prerevenue businesses that can qualify for tax-free treatment in a spinoff to include mining and extraction.
Read more: https://taxnotes.co/48VU1og
Read more: https://taxnotes.co/48VU1og
The Trump administration has redirected money allocated for subsidizing military housing to provide a one-time, tax-exempt bonus for certain active members of the armed forces.
Read more: https://taxnotes.co/4oZC2mZ
Read more: https://taxnotes.co/4oZC2mZ
Trump Using OBBBA Funds for Tax-Free Military Bonuses | Tax Notes
taxnotes.co
December 19, 2025 at 8:10 PM
The Trump administration has redirected money allocated for subsidizing military housing to provide a one-time, tax-exempt bonus for certain active members of the armed forces.
Read more: https://taxnotes.co/4oZC2mZ
Read more: https://taxnotes.co/4oZC2mZ
NEW: The EU seems ready to move forward with the OECD's pillar 2 plan after its three most resistant member states — Estonia, Poland, and the Czech Republic — lifted their reservations to the side-by-side package system.
Read more: https://taxnotes.co/4pEzewN
Read more: https://taxnotes.co/4pEzewN
December 18, 2025 at 2:36 PM
NEW: The EU seems ready to move forward with the OECD's pillar 2 plan after its three most resistant member states — Estonia, Poland, and the Czech Republic — lifted their reservations to the side-by-side package system.
Read more: https://taxnotes.co/4pEzewN
Read more: https://taxnotes.co/4pEzewN
Transparency has always been part of our mission. Now it has its own newsletter.
Introducing FOIA Findings — where we unpack records obtained via the Freedom of Information Act to shed light on tax policy and tax administration.
📬 Subscribe: https://taxnotes.co/4p1PTcz
Introducing FOIA Findings — where we unpack records obtained via the Freedom of Information Act to shed light on tax policy and tax administration.
📬 Subscribe: https://taxnotes.co/4p1PTcz
December 17, 2025 at 6:05 PM
Transparency has always been part of our mission. Now it has its own newsletter.
Introducing FOIA Findings — where we unpack records obtained via the Freedom of Information Act to shed light on tax policy and tax administration.
📬 Subscribe: https://taxnotes.co/4p1PTcz
Introducing FOIA Findings — where we unpack records obtained via the Freedom of Information Act to shed light on tax policy and tax administration.
📬 Subscribe: https://taxnotes.co/4p1PTcz
A circuit court seemed torn during oral arguments as it considered its ability to hear a collective bargaining case brought by a labor union that represents federal employees at Treasury and the IRS.
Read more: https://taxnotes.co/44xlX0y
Read more: https://taxnotes.co/44xlX0y
Court Has Tough Questions for Both Sides in Treasury Union Case | Tax Notes
taxnotes.co
December 16, 2025 at 2:59 PM
A circuit court seemed torn during oral arguments as it considered its ability to hear a collective bargaining case brought by a labor union that represents federal employees at Treasury and the IRS.
Read more: https://taxnotes.co/44xlX0y
Read more: https://taxnotes.co/44xlX0y
Whether Treasury and the IRS will issue proposed regulations on passthrough entity tax (PTET) workarounds to the individual cap on state and local tax deductions — as announced in a 2020 notice — remains a mystery.
Read more: https://taxnotes.co/4aivMmG
Read more: https://taxnotes.co/4aivMmG
Is Further Guidance on SALT Cap Workarounds a Pipe Dream? | Tax Notes
www.taxnotes.com
December 15, 2025 at 5:52 PM
Whether Treasury and the IRS will issue proposed regulations on passthrough entity tax (PTET) workarounds to the individual cap on state and local tax deductions — as announced in a 2020 notice — remains a mystery.
Read more: https://taxnotes.co/4aivMmG
Read more: https://taxnotes.co/4aivMmG
A taxpayer’s attempt to reclassify her dog as a dependent for tax purposes lacks merit and is likely to fail, a federal magistrate judge ruled.
Read more: https://taxnotes.co/4969mUx
Read more: https://taxnotes.co/4969mUx
Dog Deduction Has Neither Bark nor Bite, Judge Finds | Tax Notes
taxnotes.co
December 12, 2025 at 4:19 PM
A taxpayer’s attempt to reclassify her dog as a dependent for tax purposes lacks merit and is likely to fail, a federal magistrate judge ruled.
Read more: https://taxnotes.co/4969mUx
Read more: https://taxnotes.co/4969mUx
The IRS is canceling employees’ outstanding requests to telework because of a temporary hardship and will impose new restrictions on the program as part of the Trump administration’s return-to-office mandate.
Read more: https://taxnotes.co/3MxjrRN
Read more: https://taxnotes.co/3MxjrRN
December 11, 2025 at 3:54 PM
The IRS is canceling employees’ outstanding requests to telework because of a temporary hardship and will impose new restrictions on the program as part of the Trump administration’s return-to-office mandate.
Read more: https://taxnotes.co/3MxjrRN
Read more: https://taxnotes.co/3MxjrRN
"Roosevelt devoted his presidency to building the large-scale, activist government that Trump has been eagerly dismantling these past 11 months," @joethorndike.bsky.social writes. "Even more problematic, Roosevelt was an energetic champion of redistributive taxation."
Trump Keeps Praising FDR, But What About His War On Wealth?
Joseph J. Thorndike compares and contrasts Donald Trump’s and Franklin D. Roosevelt’s policies on redistribution taxation.
www.forbes.com
December 10, 2025 at 3:51 PM
"Roosevelt devoted his presidency to building the large-scale, activist government that Trump has been eagerly dismantling these past 11 months," @joethorndike.bsky.social writes. "Even more problematic, Roosevelt was an energetic champion of redistributive taxation."
It's the most wonderful time of the year — the opening of the Tax Notes Student Writing Competition!
Every year we recognize superior student writing on unsettled questions in tax law or policy.
Learn more and check out past winning papers here: taxnotes.com/students
Every year we recognize superior student writing on unsettled questions in tax law or policy.
Learn more and check out past winning papers here: taxnotes.com/students
December 9, 2025 at 6:36 PM
It's the most wonderful time of the year — the opening of the Tax Notes Student Writing Competition!
Every year we recognize superior student writing on unsettled questions in tax law or policy.
Learn more and check out past winning papers here: taxnotes.com/students
Every year we recognize superior student writing on unsettled questions in tax law or policy.
Learn more and check out past winning papers here: taxnotes.com/students
The distribution of so-called tariff dividends to millions of taxpayers could be a job for the IRS, but observers are skeptical about saddling the already burdened agency with another responsibility.
Read more: https://taxnotes.co/4azSJlh
Read more: https://taxnotes.co/4azSJlh
December 8, 2025 at 5:13 PM
The distribution of so-called tariff dividends to millions of taxpayers could be a job for the IRS, but observers are skeptical about saddling the already burdened agency with another responsibility.
Read more: https://taxnotes.co/4azSJlh
Read more: https://taxnotes.co/4azSJlh
The IRS is sitting on a growing backlog of employee requests for telework as a reasonable accommodation, raising concerns that federal disability laws aren’t being followed.
Read more: https://taxnotes.co/4aE2S0i
Read more: https://taxnotes.co/4aE2S0i
December 5, 2025 at 3:44 PM
The IRS is sitting on a growing backlog of employee requests for telework as a reasonable accommodation, raising concerns that federal disability laws aren’t being followed.
Read more: https://taxnotes.co/4aE2S0i
Read more: https://taxnotes.co/4aE2S0i
Sen. Josh Hawley, R-Mo., is proposing a new tax deduction for healthcare costs as lawmakers face an end-of-year deadline to address an expiring Affordable Care Act tax credit.
Read more: https://taxnotes.co/48llQHP
Read more: https://taxnotes.co/48llQHP
December 4, 2025 at 4:46 PM
Sen. Josh Hawley, R-Mo., is proposing a new tax deduction for healthcare costs as lawmakers face an end-of-year deadline to address an expiring Affordable Care Act tax credit.
Read more: https://taxnotes.co/48llQHP
Read more: https://taxnotes.co/48llQHP
Over 100 companies — including Costco, Oakley, and Revlon — have joined in federal lawsuits to obtain refunds of International Emergency Economic Powers Act (IEEPA) tariffs, claiming that their refund options could be in jeopardy.
Read more: https://taxnotes.co/4iwHwnE
Read more: https://taxnotes.co/4iwHwnE
December 3, 2025 at 5:06 PM
Over 100 companies — including Costco, Oakley, and Revlon — have joined in federal lawsuits to obtain refunds of International Emergency Economic Powers Act (IEEPA) tariffs, claiming that their refund options could be in jeopardy.
Read more: https://taxnotes.co/4iwHwnE
Read more: https://taxnotes.co/4iwHwnE
Reposted by Tax Notes
In response to the SALT cap, 37 states enacted “passthrough entity taxes” to help business owners sidestep the cap & pay less in federal tax.
But are PTETs actually consistent with the federal tax code? It’s complicated! We explain in @taxnotes.com:
www.taxnotes.com/tax-notes-st...
But are PTETs actually consistent with the federal tax code? It’s complicated! We explain in @taxnotes.com:
www.taxnotes.com/tax-notes-st...
www.taxnotes.com
December 2, 2025 at 3:46 PM
In response to the SALT cap, 37 states enacted “passthrough entity taxes” to help business owners sidestep the cap & pay less in federal tax.
But are PTETs actually consistent with the federal tax code? It’s complicated! We explain in @taxnotes.com:
www.taxnotes.com/tax-notes-st...
But are PTETs actually consistent with the federal tax code? It’s complicated! We explain in @taxnotes.com:
www.taxnotes.com/tax-notes-st...
🚀 Help us celebrate tax visionaries!
ICYMI, nominations are now open for the Tax Analysts Award of Distinction for Contributions in U.S. Federal Taxation.
Learn more and submit a nomination: awards.taxanalysts.org
ICYMI, nominations are now open for the Tax Analysts Award of Distinction for Contributions in U.S. Federal Taxation.
Learn more and submit a nomination: awards.taxanalysts.org
December 2, 2025 at 6:10 PM
🚀 Help us celebrate tax visionaries!
ICYMI, nominations are now open for the Tax Analysts Award of Distinction for Contributions in U.S. Federal Taxation.
Learn more and submit a nomination: awards.taxanalysts.org
ICYMI, nominations are now open for the Tax Analysts Award of Distinction for Contributions in U.S. Federal Taxation.
Learn more and submit a nomination: awards.taxanalysts.org
JUST IN: President Trump has signed legislation that will require the IRS to explain any math or clerical errors made in assessing federal tax returns and to notify taxpayers about the opportunity to abate wrongly assessed taxes.
Read more: https://taxnotes.co/4oswVeS
Read more: https://taxnotes.co/4oswVeS
December 1, 2025 at 5:46 PM
JUST IN: President Trump has signed legislation that will require the IRS to explain any math or clerical errors made in assessing federal tax returns and to notify taxpayers about the opportunity to abate wrongly assessed taxes.
Read more: https://taxnotes.co/4oswVeS
Read more: https://taxnotes.co/4oswVeS
"The government’s lawyers brought a nontextual knife to a textualist gunfight," Robert Goulder writes.
Trump's Bad Day At The Supreme Court
Robert Goulder comments on oral arguments before the Supreme Court in the combined cases that challenge President Trump's IEEPA tariffs.
www.forbes.com
November 28, 2025 at 9:13 PM
"The government’s lawyers brought a nontextual knife to a textualist gunfight," Robert Goulder writes.
The government’s shifting stance in agreeing to lift political activity prohibitions on religious organizations has created doubt about the true agenda of the parties involved in litigation on the matter, observers say.
Read more: https://taxnotes.co/4omMynT
Read more: https://taxnotes.co/4omMynT
November 26, 2025 at 5:07 PM
The government’s shifting stance in agreeing to lift political activity prohibitions on religious organizations has created doubt about the true agenda of the parties involved in litigation on the matter, observers say.
Read more: https://taxnotes.co/4omMynT
Read more: https://taxnotes.co/4omMynT
Reposted by Tax Notes
"The Russian businessmen who funded the policies and were insured under them used a complex structure of tiered trusts and shell companies ... The policy arrangements involved Swiss Life subsidiaries in Luxembourg and Liechtenstein" - @taxnotes.com + @icij.org www.taxnotes.com/featured-new...
Before Switzerland’s largest life insurance company agreed to pay the U.S. government more than $77 million for facilitating tax evasion, it arranged private placement life insurance policies for Russian oligarchs, leaked documents from @icij.org show.
Read more: https://taxnotes.co/3XdFjUq
Read more: https://taxnotes.co/3XdFjUq
November 25, 2025 at 9:05 PM
"The Russian businessmen who funded the policies and were insured under them used a complex structure of tiered trusts and shell companies ... The policy arrangements involved Swiss Life subsidiaries in Luxembourg and Liechtenstein" - @taxnotes.com + @icij.org www.taxnotes.com/featured-new...
Before Switzerland’s largest life insurance company agreed to pay the U.S. government more than $77 million for facilitating tax evasion, it arranged private placement life insurance policies for Russian oligarchs, leaked documents from @icij.org show.
Read more: https://taxnotes.co/3XdFjUq
Read more: https://taxnotes.co/3XdFjUq
November 25, 2025 at 4:39 PM
Before Switzerland’s largest life insurance company agreed to pay the U.S. government more than $77 million for facilitating tax evasion, it arranged private placement life insurance policies for Russian oligarchs, leaked documents from @icij.org show.
Read more: https://taxnotes.co/3XdFjUq
Read more: https://taxnotes.co/3XdFjUq
Reposted by Tax Notes
I'm quoted in the latest @laurenloricchio.bsky.social + @chandrawallace.bsky.social @taxnotes.com investigation of the "offshore" life insurance industry, which found a Russian oligarch with a $430 million policy. Article here: www.taxnotes.com/tax-notes-to...
November 24, 2025 at 11:04 PM
I'm quoted in the latest @laurenloricchio.bsky.social + @chandrawallace.bsky.social @taxnotes.com investigation of the "offshore" life insurance industry, which found a Russian oligarch with a $430 million policy. Article here: www.taxnotes.com/tax-notes-to...