Tax Notes
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Tax Notes provides essential news & information on all tax-related topics. Find free featured tax news, including articles and resources.
Tax Notes
1y ago
HM Revenue and Customs said two U.K. men were arrested on suspicion of tax evasion and money laundering as part of an investigation into similar allegations involving a Puerto Rican bank shut down in 2022 ..read more
Tax Notes
1y ago
The IRS has decided not to automatically challenge cannabis business owners’ claims for the section 199A deduction for qualified business income ..read more
Tax Notes
1y ago
Spirit Airlines can’t obtain a sales tax refund for fuel purchases made in Louisiana based on an alternative calculation because it isn’t registered with the state revenue department as an interstate carrier, the Board of Tax Appeals determined in ..read more
Tax Notes
1y ago
An Illinois lawmaker has proposed a bill that would tweak the state’s elective passthrough entity-level tax to exclude some retired members' income from the entity tax base ..read more
Tax Notes
1y ago
The IRS has tapped the think tank New America and Loyola Law School professor Ariel Jurow Kleiman to explore the feasibility of an agency-run, free tax return filing system ..read more
Tax Notes
1y ago
Congress’s recent embrace of research into medical marijuana and cannabidiol probably won’t fall prey to the restriction on deductions and credits tormenting state-legal pot businesses, according to cannabis tax specialists ..read more
Tax Notes
1y ago
The IRS has decided not to automatically challenge cannabis business owners’ claims for the section 199A deduction for qualified business income ..read more
Tax Notes
1y ago
Indian tax officers swept the BBC’s offices in Mumbai and New Delhi February 13, weeks after a documentary that was critical of the prime minister’s role in decades-old riots was deleted from Indian social media ..read more
Tax Notes
1y ago
Cryptocurrency that continues to trade on an exchange — even if just for a fraction of a penny per unit — isn’t worthless for purposes of triggering a deductible loss, the IRS advised ..read more
Tax Notes
1y ago
Boxing champion Floyd Mayweather peacefully resolved a Tax Court case by conceding that he owes the IRS an extra $5.6 million in taxes because of a disallowed flow-through deduction for legal expenses ..read more