Tax Filing Season Is Underway: Here's How It's Going So Far

States Still Decoupling From GOP Tax Law Deep Into Filing Season

Tariff Refunds Would Threaten Tax, Transfer Pricing Headaches

DOJ Tax Attorneys Focus on Immigration, Nonprofits After Shakeup

Bloomberg Tax Journals

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Increased Advanced Pricing Agreement Demand Puts Pressure on APMA

APAs remain increasingly valuable for managing transfer pricing risk despite APMA resource constraints.

DOL Offers 401(k) Fiduciaries a Safer Path to Alternative Assets

A proposed rule from the Department of Labor would let 401(k) fiduciaries offer alternative assets if they document a prudent process on key risks.

How Global Practice Could Shape Brazilian Transfer Pricing Audits

Brazil’s adoption of OECD Transfer Pricing Guidelines marks a significant shift towards global standards, presenting new challenges and opportunities for Brazilian taxpayers to align their practices with international norms and prepare for increased scrutiny.

Tax Developments

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U.S. District Court Rules Against Taxpayer’s Refund Claim Due to Failure to Show Taxes Were Withheld, Sovereign Immunity

The U.S. District Court for the Southern District of New York granted the defendant’s motion for summary judgment, holding that the taxpayer failed to show that IRS withheld any taxes ...

IRS Issues Proposed Regulations on 1 Percent Excise Tax on Certain Remittance Transfers

The IRS issued proposed regulations providing rules and definitions related to the 1 percent excise tax on certain remittance transfers beginning Jan. 1, 2026. The tax applies to remittances sent ...

IRS Issues Final Regulations on “No Tax on Tips” Deduction for Qualified Tipped Occupations

The IRS issued final regulations implementing the “No Tax on Tips” provision, allowing eligible workers in more than 70 occupations to claim a deduction for qualified tips. The regulations, issued ...

IRS Shakeup: How Is the US Tax Agency Adapting to Trump's Vision?

Since President Donald Trump took office, the IRS has faced transformative changes, including a substantial reduction in its workforce and the appointment of seven different commissioners or acting commissioners.

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