Senate Confirms Biden's Pick For IRS Commissioner
Absence Of Confirmed Tax Heads Could Hinder Major Projects
St. Louis To Appeal On Remote Earnings Tax
Senate Confirms Biden's Pick For IRS Commissioner
The Senate confirmed former acting IRS Commissioner Daniel Werfel to lead the agency Thursday, clearing the path for him to begin a term that will end in November 2027.
Absence Of Confirmed Tax Heads Could Hinder Major Projects
Neither the IRS Office of Chief Counsel nor the U.S. Department of Justice's Tax Division has presidentially appointed and Senate-confirmed leaders currently in charge, making it difficult for either to take on significant tax projects.
St. Louis To Appeal On Remote Earnings Tax
St. Louis will appeal a circuit court decision holding that the city must issue earnings tax refunds to a group of workers for days worked outside the city after the start of the COVID-19 pandemic.
Federal More
Two New Jersey men can't claim tax losses for their horse breeding business because they didn't run the operation with the intent to make a profit, as indicated by their loss of millions of dollars, the Third ... (more story)
A Russian gas company executive accused of hiding $93 million in overseas accounts must immediately hand over his Swiss bank records, a Florida federal magistrate judge ordered Wednesday, saying the executive ... (more story)
The IRS can proceed with a summons for policy documents, marketing materials and other records from a captive insurance company the agency suspects has promoted abusive tax shelters, a Florida federal court ruled Wednesday.
A South Carolina federal court should reject the U.S. government's bid to end an $8.9 million tax refund lawsuit from electronic parts maker Kyocera, the business said, arguing that the government is looking t... (more story)
Despite speculation of an imposed settlement range, the IRS Independent Office of Appeals doesn't have mandated settlement ranges for penalties involving some international related tax returns, appeals officials said Tuesday.
President Joe Biden will propose increasing the net investment income tax rate from 3.8% to 5% to help the Medicare program remain solvent for another 25 years, according to a preview of the president's fiscal... (more story)
The low-income housing tax credit would expand and a renters tax credit would be established under legislation introduced Tuesday by Senate Finance Committee Chairman Ron Wyden, D-Ore., with the intent to incr... (more story)
State & Local More
Skechers Royalty Fees Get No Tax Deduction, Wis. Panel Says
Skechers can't claim a corporate franchise tax deduction for royalty fees paid to a wholly owned subsidiary, the Wisconsin tax commission said, because it failed to prove it had a valid nontax business purpose... (more story)
Panel Grills Mich. Treasury On How To Tax Delivery Fees
A Michigan appellate panel on Wednesday zeroed in on the question of precisely when a customer incurs delivery fees during a sale, as a trucking company urged the court to clarify how businesses that offer del... (more story)
NY Top Court Urged To Revive NYC Property Tax System Fight
A New York appeals court shouldn't have dismissed a property tax coalition's case arguing that New York City's property tax system is inequitable, the group said in a reply brief filed with the state's highest... (more story)
StubHub Owes $8.5M Tax On Ticket Resales, Wis. Board Rules
Online ticket vendor StubHub is liable for about $8.5 million in Wisconsin sales and use tax on resold tickets for sports and entertainment events, the state's Tax Appeals Commission ruled.
W.Va. To Cut Personal Income Taxes, Offer Small-Biz Credit
West Virginia will cut its personal income tax rates and create a corporate income tax credit for property taxes paid by small businesses under a bill signed by Gov. Jim Justice.
Oklahoma Says No To Legalizing Recreational Cannabis
Oklahoma voters decisively rejected a referendum to legalize recreational marijuana and tax and regulate its sale during a special election on Tuesday.
Justices' MoneyGram Opinion Could Spur State Legislation
The U.S. Supreme Court’s recent decision that federal law governs the escheatment of over $250 million in unclaimed MoneyGram checks provides clarity for some issuers, but aspects of related common law remain ... (more story)
Treasury Asks 11th Circ. To Revisit Lifting Tax Cut Limit
The full Eleventh Circuit should review a decision to allow 13 states to eschew a limit on tax cuts attached to federal coronavirus funds because the decision misapplied a U.S. Supreme Court ruling, the U.S. D... (more story)
6th Circ. To Decide Mich.'s Tax Reach Into Tribal Communities
A case idling in the Sixth Circuit over Michigan's ability to levy certain taxes on tribal members could have "dire" consequences for the Keweenaw Bay Indian Community, bringing into focus a nationwide trend t... (more story)
Skechers can't claim a corporate franchise tax deduction for royalty fees paid to a wholly owned subsidiary, the Wisconsin tax commission said, because it failed to prove it had a valid nontax business purpose... (more story)
A Michigan appellate panel on Wednesday zeroed in on the question of precisely when a customer incurs delivery fees during a sale, as a trucking company urged the court to clarify how businesses that offer del... (more story)
A New York appeals court shouldn't have dismissed a property tax coalition's case arguing that New York City's property tax system is inequitable, the group said in a reply brief filed with the state's highest... (more story)
Online ticket vendor StubHub is liable for about $8.5 million in Wisconsin sales and use tax on resold tickets for sports and entertainment events, the state's Tax Appeals Commission ruled.
West Virginia will cut its personal income tax rates and create a corporate income tax credit for property taxes paid by small businesses under a bill signed by Gov. Jim Justice.
Oklahoma voters decisively rejected a referendum to legalize recreational marijuana and tax and regulate its sale during a special election on Tuesday.
The U.S. Supreme Court’s recent decision that federal law governs the escheatment of over $250 million in unclaimed MoneyGram checks provides clarity for some issuers, but aspects of related common law remain ... (more story)
The full Eleventh Circuit should review a decision to allow 13 states to eschew a limit on tax cuts attached to federal coronavirus funds because the decision misapplied a U.S. Supreme Court ruling, the U.S. D... (more story)
A case idling in the Sixth Circuit over Michigan's ability to levy certain taxes on tribal members could have "dire" consequences for the Keweenaw Bay Indian Community, bringing into focus a nationwide trend t... (more story)
International More
European Court Nixes Hungary's Publishing Of Tax Debtor Info
A Hungarian system of publishing the personal information of tax debtors, such as names and home addresses, breached human rights law, the European Court of Human Rights said Thursday.
Baker McKenzie Adds Veteran Tax Litigator In Toronto
Baker McKenzie added an experienced tax litigator to its North America tax disputes practice in Toronto, the firm announced.
UK Partners Can't Deduct Amortized Assets, Tribunal Rules
Three U.K. entities that formed a limited liability partnership cannot take a tax deduction for the amortization of intangible assets they contributed to the LLP against their share of the profits, a First-tie... (more story)
Bank Fraudster, Gov't Agree US Due $1M, Court Told
A man who previously pled guilty in a bank fraud dispute agreed with the U.S. government that he owes more than $1 million related to foreign bank account reporting violations, they told a Florida federal court.
Gym Should Not Get Charity Tax Break, Council Says
A London council asked Britain's highest court on Tuesday to rule that a health care charity should not be entitled to a tax exemption for one of its gyms because the venue does not operate for the public benefit.
IRS Must Air Docs On Breakup Fee Memos, AbbVie Tells Court
The IRS has violated public records law by withholding documents concerning agency memoranda that addressed the tax implications of breakup fees in terminated acquisitions, pharmaceutical company AbbVie said i... (more story)
Taxation With Representation: Wachtell, Vinson, Cravath
In this week's Taxation With Representation, LKQ Corp. will acquire Uni-Select Inc., Baytex Energy Corp. agreed to buy Ranger Oil Corp., and Radius Global Infrastructure Inc. is to be acquired by EQT Partners ... (more story)
A Hungarian system of publishing the personal information of tax debtors, such as names and home addresses, breached human rights law, the European Court of Human Rights said Thursday.
Baker McKenzie added an experienced tax litigator to its North America tax disputes practice in Toronto, the firm announced.
Three U.K. entities that formed a limited liability partnership cannot take a tax deduction for the amortization of intangible assets they contributed to the LLP against their share of the profits, a First-tie... (more story)
A man who previously pled guilty in a bank fraud dispute agreed with the U.S. government that he owes more than $1 million related to foreign bank account reporting violations, they told a Florida federal court.
A London council asked Britain's highest court on Tuesday to rule that a health care charity should not be entitled to a tax exemption for one of its gyms because the venue does not operate for the public benefit.
The IRS has violated public records law by withholding documents concerning agency memoranda that addressed the tax implications of breakup fees in terminated acquisitions, pharmaceutical company AbbVie said i... (more story)
In this week's Taxation With Representation, LKQ Corp. will acquire Uni-Select Inc., Baytex Energy Corp. agreed to buy Ranger Oil Corp., and Radius Global Infrastructure Inc. is to be acquired by EQT Partners ... (more story)
