A pair of taxpayers failed to recover more than $1.6 million they paid the IRS in assessed penalties for failure to report foreign bank accounts because they failed to submit proper and timely refund ...
Religious groups are urging a federal appeals court to fully reverse a lower court’s dismissal of their challenge to a ban on churches engaging in political activity, rather than issuing a narrow ...
Oct. 22 issued an Advocate General opinion for Case No. C-497/25, on the tax dispute resolution mechanism under EU Directive 2017/1852. The taxpayer, a ...
The U.S. District Court for the Southern District of Florida held that prosecution for possession of unregistered short-barreled rifles could proceed because the federal savings clause preserved ...
IRS Issues PLR Exempting Church Integrated Auxiliary from Information Return Filing, Updates Records
The IRS has published a private letter ruling on I.R.C. §6033 and Treas. Reg. §1.6033 exempting the taxpayer from filing Form 990, Return of Organization Exempt from Income Tax, based ...
The IRS has published a private letter ruling on I.R.C. §§170 and 7428 denying deductions for contributions to the taxpayer and requiring any action for declaratory judgment within 90 days ...
The Spanish Ministry of Finance and Public Administration Oct. 23 opened a consultation on a draft order to establish the ...
U.S. Tax Court Limits Conservation Easement Deduction, Sustains Gross Valuation Misstatement Penalty
The U.S. Tax Court held that a partnership’s conservation easement deduction was limited to $500,000 because its mining-based valuation lacked credible support and sustained a gross valuation ...
The IRS has published a private letter ruling on Treas. Reg. §301.9100 and I.R.C. §2056 granting the taxpayer an extension through the filing date of the supplemental Form 706 to ...
The IRS has published a private letter ruling on Treas. Reg. §301.9100 and I.R.C. §754 granting the taxpayer 120 days from the letter’s date to make an election for partnership ...
The IRS announced that it will acquiesce in the result of the U.S. Tax Court’s decision in Siemens Medical Solutions USA, Inc. v. Commissioner, which held that the extraordinary disposition ...
The IRS has published a private letter ruling on I.R.C. §7428 addressing the taxpayer’s right to contest an exemption determination within 90 days after mailing by seeking a declaratory judgment ...
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