By Maria Koklanaris

The U.S. Department of the Treasury may not enforce a provision barring states from using federal coronavirus relief funds to offset revenue reductions such as tax cuts, a federal judge ruled Friday, giving a victory to Kentucky and Tennessee.

By Theresa Schliep

The wealthiest 400 American families paid an average 8% tax rate on income earned from 2010 through 2018, according to estimates released Thursday by the White House, which called for eliminating certain tax advantages for investments and inheritances.

By Amy Lee Rosen

Though the employee retention credit is listed on the current priority guidance plan, the government does not anticipate it will issue any additional guidance because sufficient notices already have been issued, an IRS attorney said Thursday.

By Kevin Pinner

Public support for international cooperation to improve the global tax system ebbed in most Group of 20 nations, but so has support for tax competition, while support for using tax incentives on big issues grew, a new survey found.

By James Nani

The U.S. Treasury urged the Sixth Circuit to reverse an injunction barring the America Rescue Plan's clawback provision from being enforced against Ohio, saying the provision and later rulemaking were proper exercises of the federal government's power.

By Jaqueline McCool

New York would allow taxing jurisdictions to opt out of assessing penalties and fees for small rental businesses economically impacted by the pandemic under a bill introduced in the state Senate.