Bloomberg Tax
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🎧 Podcast: http://btaxgo.com/IsUUdro
Opinion: The corporate alternative minimum tax is at risk of stealth repeal as business interests lobby for “relief,” but the Treasury Department shouldn’t take the bait.
Big Business Doesn’t Deserve a Pass on the Corporate Minimum Tax
Opinion: The corporate alternative minimum tax is at risk of stealth repeal as business interests lobby for “relief,” but the Treasury Department shouldn’t take the bait.
bit.ly
December 14, 2025 at 11:00 PM
Opinion: The corporate alternative minimum tax is at risk of stealth repeal as business interests lobby for “relief,” but the Treasury Department shouldn’t take the bait.
Recent guidance released by the IRS on what kinds of foreign-earned income qualify for a highly lucrative tax deduction underscores Republicans’ goal of rewarding companies for keeping IP in the US, tax practitioners say.
IRS Foreign-Derived Income Guidance Rewards US-Based Intangibles
Recent guidance released by the IRS on what kinds of foreign-earned income qualify for a highly lucrative tax deduction underscores Republicans’ goal of rewarding companies for keeping IP in the US, tax practitioners say.
bit.ly
December 14, 2025 at 8:00 PM
Recent guidance released by the IRS on what kinds of foreign-earned income qualify for a highly lucrative tax deduction underscores Republicans’ goal of rewarding companies for keeping IP in the US, tax practitioners say.
Opinion: Taxpayers should be mindful of even the slim possibility that the IRS or US government will assert the economic substance doctrine and penalty.
Economic Substance Doctrine, Penalty Lie in Wait for Taxpayers
Opinion: Taxpayers should be mindful of even the slim possibility that the IRS or US government will assert the economic substance doctrine and penalty.
bit.ly
December 14, 2025 at 5:00 PM
Opinion: Taxpayers should be mindful of even the slim possibility that the IRS or US government will assert the economic substance doctrine and penalty.
The US audit regulator will scrutinize safeguards meant to deliver effective audits as part of routine inspections of private equity-backed accounting firms, an agency official said Tuesday.
Audit Board to Examine Quality Safeguards at PE-Backed Firms (1)
The US audit regulator will scrutinize safeguards meant to deliver effective audits as part of routine inspections of private equity-backed accounting firms, an agency official said Tuesday.
bit.ly
December 14, 2025 at 2:00 PM
The US audit regulator will scrutinize safeguards meant to deliver effective audits as part of routine inspections of private equity-backed accounting firms, an agency official said Tuesday.
The IRS is moving 1,000 IT employees to its chief operating officer umbrella, the agency announced to impacted workers Thursday.
IRS Shifts 1,000 IT Employees to Chief Operating Division
The IRS is moving 1,000 IT employees to its chief operating officer umbrella, the agency announced to impacted workers Thursday.
bit.ly
December 14, 2025 at 11:00 AM
The IRS is moving 1,000 IT employees to its chief operating officer umbrella, the agency announced to impacted workers Thursday.
Opinion: As IRS operations continue to recover from the shutdown, taxpayers should stay vigilant to track any pending matters to protect against expiring deadlines and potential errors.
The IRS Clock Keeps Ticking Despite Staff Shortages and Backlogs
Opinion: As IRS operations continue to recover from the shutdown, taxpayers should stay vigilant to track any pending matters to protect against expiring deadlines and potential errors.
bit.ly
December 14, 2025 at 8:00 AM
Opinion: As IRS operations continue to recover from the shutdown, taxpayers should stay vigilant to track any pending matters to protect against expiring deadlines and potential errors.
Public companies need to ensure they’re telling investors in financial reports how their executives use certain segment profitability metrics in business analysis, an SEC official said Tuesday.
SEC Official Warns Against ‘Incomplete’ Business Unit Disclosure
Public companies need to ensure they’re telling investors in financial reports how their executives use certain segment profitability metrics in business analysis, an SEC official said Tuesday.
bit.ly
December 14, 2025 at 5:00 AM
Public companies need to ensure they’re telling investors in financial reports how their executives use certain segment profitability metrics in business analysis, an SEC official said Tuesday.
Key Republican senators are considering moving forward with a GOP-only proposal to regulate cryptocurrencies, in hopes doing so boosts momentum on the issue as negotiations with Democrats grind on.
Senate Republicans Threaten to Go It Alone on Crypto Bill (2)
Key Republican senators are considering moving forward with a GOP-only proposal to regulate cryptocurrencies, in hopes doing so boosts momentum on the issue as negotiations with Democrats grind on.
bit.ly
December 14, 2025 at 2:00 AM
Key Republican senators are considering moving forward with a GOP-only proposal to regulate cryptocurrencies, in hopes doing so boosts momentum on the issue as negotiations with Democrats grind on.
The US audit regulator will continue under interim leadership for at least a few more weeks while the SEC finalizes new appointments, an agency official said Monday.
Future US Audit Board Leadership Faces Mounting SEC To-Do List
The US audit regulator will continue under interim leadership for at least a few more weeks while the SEC finalizes new appointments, an agency official said Monday.
bit.ly
December 13, 2025 at 11:00 PM
The US audit regulator will continue under interim leadership for at least a few more weeks while the SEC finalizes new appointments, an agency official said Monday.
The majority owner of Tottenham Hotspur is conducting an accounting review into former Chairman Daniel Levy’s long tenure as part-owner and custodian, according to people familiar with the matter.
Tottenham Family Owners Order Accounting Review After Levy Exit
The majority owner of Tottenham Hotspur is conducting an accounting review into former Chairman Daniel Levy’s long tenure as part-owner and custodian, according to people familiar with the matter.
bit.ly
December 13, 2025 at 8:00 PM
The majority owner of Tottenham Hotspur is conducting an accounting review into former Chairman Daniel Levy’s long tenure as part-owner and custodian, according to people familiar with the matter.
The District of Columbia is partially repealing its tipped minimum wage law, under a section of Act 26-148, the city’s latest budget bill.
District of Columbia Reduces Future Tipped Minimum Wage Increases
The District of Columbia is partially repealing its tipped minimum wage law, under a section of Act 26-148, the city’s latest budget bill.
bit.ly
December 13, 2025 at 5:01 PM
The District of Columbia is partially repealing its tipped minimum wage law, under a section of Act 26-148, the city’s latest budget bill.
The California Supreme Court’s recent decision to stay out of a dispute over a delayed excise tax refund leaves practitioners in the state waiting longer for word on the finality of decisions from the Office of Tax Appeals.
California Office of Tax Appeals’ Power Rides on Pending Cases
The California Supreme Court’s recent decision to stay out of a dispute over a delayed excise tax refund leaves practitioners in the state waiting longer for word on the finality of decisions from the Office of Tax Appeals.
bit.ly
December 13, 2025 at 2:00 PM
The California Supreme Court’s recent decision to stay out of a dispute over a delayed excise tax refund leaves practitioners in the state waiting longer for word on the finality of decisions from the Office of Tax Appeals.
UK travel retailer WH Smith announced another delay to publishing its annual results as it addresses the fallout from accounting errors that forced the resignation of its CEO.
WH Smith Delays Results Again to Allow Auditor PwC More Time
UK travel retailer WH Smith plc Friday announced another delay to publishing its annual results as it addresses the fallout from accounting errors that forced the resignation of its CEO.
bit.ly
December 13, 2025 at 11:00 AM
UK travel retailer WH Smith announced another delay to publishing its annual results as it addresses the fallout from accounting errors that forced the resignation of its CEO.
Opinion: The UK’s generous Patent Box relief can strengthen cash flow and support continued innovation, if businesses are aware of it and act early.
The UK’s Patent Box Supports Innovation When Business Acts Early
Opinion: The UK’s generous Patent Box relief can strengthen cash flow and support continued innovation, if businesses are aware of it and act early.
bit.ly
December 13, 2025 at 8:00 AM
Opinion: The UK’s generous Patent Box relief can strengthen cash flow and support continued innovation, if businesses are aware of it and act early.
Meta Platforms Inc. may have thought its transfer pricing problems with the IRS ended with a mixed decision from the US Tax Court last spring. Not so much.
New Meta Tax Fight Debuts IRS Transfer Pricing ‘Double Tap’
Meta Platforms Inc. may have thought its transfer pricing problems with the IRS ended with a mixed decision from the US Tax Court last spring. Not so much.
bit.ly
December 13, 2025 at 5:00 AM
Meta Platforms Inc. may have thought its transfer pricing problems with the IRS ended with a mixed decision from the US Tax Court last spring. Not so much.
The IRS intends to revise a program that allows taxpayers to disclose possible tax fraud and reduce penalties.
IRS to Revise Criminal Voluntary Disclosure Program (1)
The IRS intends to revise a program that allows taxpayers to disclose possible tax fraud and reduce penalties.
bit.ly
December 13, 2025 at 2:00 AM
The IRS intends to revise a program that allows taxpayers to disclose possible tax fraud and reduce penalties.
The Treasury Department and the IRS issued proposed and final regulations that clarify and revamp how foreign governments’ income from US investments is treated for tax purposes.
IRS Issues Proposed, Final Regs on Foreign-Government Income (1)
The Treasury Department and the IRS issued proposed and final regulations that clarify and revamp how foreign governments’ income from US investments is treated for tax purposes.
bit.ly
December 12, 2025 at 11:00 PM
The Treasury Department and the IRS issued proposed and final regulations that clarify and revamp how foreign governments’ income from US investments is treated for tax purposes.
Estonia will decide whether to drop its opposition to a renegotiated minimum tax agreement after the European Commission promised to assess whether the Baltic country can extend its exemption from applying the law beyond 2030.
Estonia Mulls Minimum-Tax Support Following EU Concession (1)
Estonia will decide whether to drop its opposition to a renegotiated minimum tax agreement after the European Commission promised to assess whether the Baltic country can extend its exemption from applying the law beyond 2030.
bit.ly
December 12, 2025 at 8:00 PM
Estonia will decide whether to drop its opposition to a renegotiated minimum tax agreement after the European Commission promised to assess whether the Baltic country can extend its exemption from applying the law beyond 2030.
The IRS’s crime unit discovered about $4.5 billion in tax fraud in fiscal 2025 — a 111.8% increase from the previous year, a new division report said.
IRS Criminal Division Identified $4.5 Billion in Tax Fraud
The IRS’s crime unit discovered about $4.5 billion in tax fraud in fiscal 2025 — a 111.8% increase from the previous year, a new division report said.
bit.ly
December 12, 2025 at 5:00 PM
The IRS’s crime unit discovered about $4.5 billion in tax fraud in fiscal 2025 — a 111.8% increase from the previous year, a new division report said.
Rep. Henry Cuellar surmounted a critical hurdle in his bid to return to a key position overseeing funding for the Department of Homeland Security shortly after securing President Donald Trump’s pardon.
Cuellar Wins Key Vote to Return as Homeland Spending Panel Lead
Rep. Henry Cuellar surmounted a critical hurdle in his bid to return to a key position overseeing funding for the Department of Homeland Security shortly after securing President Donald Trump’s pardon.
bit.ly
December 12, 2025 at 2:00 PM
Rep. Henry Cuellar surmounted a critical hurdle in his bid to return to a key position overseeing funding for the Department of Homeland Security shortly after securing President Donald Trump’s pardon.
Legislation that would empower taxpayers against the IRS garnishing refunds to pay disputed tax liabilities or seeking to obtain their personal information from third parties was unanimously approved by the House Ways and Means Committee.
Lawmakers Rebuff Supreme Court’s Tax Court Jurisdiction Ruling
Legislation that would empower taxpayers against the IRS garnishing refunds to pay disputed tax liabilities or seeking to obtain their personal information from third parties was unanimously approved by the House Ways and Means Committee on Wednesday.
bit.ly
December 12, 2025 at 11:00 AM
Legislation that would empower taxpayers against the IRS garnishing refunds to pay disputed tax liabilities or seeking to obtain their personal information from third parties was unanimously approved by the House Ways and Means Committee.
Manchester United PLC’s losses continued, despite part owner Jim Ratcliffe’s drastic cost cutting at the Premier League club.
Man United Still Losing Money Even After Ending Free Lunches
Manchester United PLC’s losses continued, despite part owner Jim Ratcliffe’s drastic cost cutting at the Premier League club.
bit.ly
December 12, 2025 at 8:00 AM
Manchester United PLC’s losses continued, despite part owner Jim Ratcliffe’s drastic cost cutting at the Premier League club.
Recent guidance released by the IRS on what kinds of foreign-earned income qualify for a highly lucrative tax deduction underscores Republicans’ goal of rewarding companies for keeping IP in the US, tax practitioners say.
IRS Foreign-Derived Income Guidance Rewards US-Based Intangibles
Recent guidance released by the IRS on what kinds of foreign-earned income qualify for a highly lucrative tax deduction underscores Republicans’ goal of rewarding companies for keeping IP in the US, tax practitioners say.
bit.ly
December 12, 2025 at 5:00 AM
Recent guidance released by the IRS on what kinds of foreign-earned income qualify for a highly lucrative tax deduction underscores Republicans’ goal of rewarding companies for keeping IP in the US, tax practitioners say.
Opinion: Two Spanish Supreme Court rulings represent a major step toward eliminating discriminatory wealth tax rules against nonresidents.
Spanish Supreme Court Rulings on Wealth Tax Benefit Nonresidents
Opinion: Two Spanish Supreme Court rulings represent a major step toward eliminating discriminatory wealth tax rules against nonresidents.
bit.ly
December 12, 2025 at 2:00 AM
Opinion: Two Spanish Supreme Court rulings represent a major step toward eliminating discriminatory wealth tax rules against nonresidents.
A company that makes silicon for solar panels is entitled to a Washington use tax exemption for natural gas consumed in the manufacturing process, a state appeals court ruled Thursday.
Silicon Firm Gets Washington Court to Back Natural Gas Tax Break
A company that makes silicon for solar panels is entitled to a Washington use tax exemption for natural gas consumed in the manufacturing process, a state appeals court ruled Thursday.
bit.ly
December 11, 2025 at 11:00 PM
A company that makes silicon for solar panels is entitled to a Washington use tax exemption for natural gas consumed in the manufacturing process, a state appeals court ruled Thursday.