The IRS has issued a news release announcing that the Low Income Taxpayer Clinic Program will accept applications for LITC matching grants from qualified organizations during a two-month application period. ...
The IRS has issued a new release announcing that updates to the Conservation Easement site have been made to expand information on abusive conservation easement transactions, recent court decisions, and ...
The IRS has issued a news release announcing that applications are now being accepted for the Internal Revenue Service Advisory Council through June 5. Qualified individuals are sought to serve ...
The IRS issued proposed regulations providing guidance on how taxpayers can claim payments (refunds) for previously taxed dyed diesel fuel and kerosene under I.R.C. §6435. The rules clarify eligibility and ...
The U.S. District Court for the Northern District of Ohio dismissed the taxpayer’s motion to quash an IRS summons, issued to a bank, due to lack of jurisdiction because the ...
The IRS published a Treasury Decision on final regulations clarifying that amounts paid to Indian tribe members as remuneration for services performed in fishing rights-related activities may be treated as ...
The IRS has released Internal Revenue Bulletin 2026-19. [IRB 2026-19, 05/04/26]
The Chief Counsel’s Office advised on whether a taxpayer may retroactively change its cost allocation method for controlled services transactions and claim the adjustment as a setoff under Treas. Reg. ...
The U.S. Court of Appeals for the Tenth Circuit affirmed the district court’s ruling that a multinational corporation’s four-step transaction series, known internally as “Project Soy,” lacked economic substance and ...
The IRS has issued revenue ruling providing various prescribed interest rates for federal income tax purposes for May 2026. The ruling establishes applicable federal rates under I.R.C. §1274(d), adjusted applicable ...
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