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Ky. Judge Enjoins Treasury From Enforcing State Tax Cut Limit

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.

Wealthiest Families Paid Average 8% Tax, White House Says

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.

More Guidance On Retention Credit Is Unlikely, IRS Atty Says

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.

G-20 Public Trust Falling On Int'l Tax Cooperation, Study Says

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.

Treasury Urges 6th Circ. To Reverse Tax-Cut Limit Injunction

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.

NY Bill Would Give Penalty Relief To Small Rental Businesses

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.


Expert Analysis

A Look At Global Tax Enforcement Developments: Part 2

Sean Craig at LexisNexis examines recent investigations by the Joint Chiefs of Global Tax Enforcement and their impact on U.S. taxpayers, as well as the growing significance of transfer pricing disputes and policies for future enforcement.

A Look At Global Tax Enforcement Developments: Part 1

Sean Craig at LexisNexis looks at how international initiatives, such as the Joint Chiefs of Global Tax Enforcement, are addressing cryptocurrency-related tax evasion, and how the COVID-19 pandemic and increasing demands for governmental welfare programs are driving global tax policy.

High Points Of IRS' New Employee Retention Credit Guidance

Dana Fried at CohnReznick examines recent IRS guidance on the employee retention credit, which includes a helpful new rule enabling more employers to qualify for the credit by allowing them to exclude some pandemic relief from gross receipts, but its exclusion of related individuals' wages from qualified wages for certain corporate owners is disappointing.

MORE COVERAGE

September 20, 2021 04:51 PM

TIGTA Says COVID Rule Knowledge Varies Among IRS Offices

September 20, 2021 01:19 PM

Italy Seizes $12.9M, 3.5M Masks From VAT Fraud Profiteers

September 17, 2021 03:58 PM

US Asks Court To Strike Ex-IRS Agent's Release Request

September 17, 2021 11:29 AM

Return To In-Person Tax Court Trials Adds Wrinkles For Attys

September 16, 2021 01:27 PM

Mass. Issues Guidance On End Of Teleworker Sourcing Rules

September 15, 2021 06:21 PM

NY Saving $1.6B To Hedge Against COVID Risks To Tax Base

September 15, 2021 06:31 PM

Mo. Won't Override Veto Of Tax Refunds For Virus-Closed Cos.

September 13, 2021 06:55 PM

Ohio Man Appeals Local Telework Tax, Seeks Refund

September 7, 2021 04:23 PM

6th Circ. Expedites Hearing For Ohio Over State Tax Cut Ban

September 3, 2021 07:08 PM

IRS Regs May Force Biz Owners To Retract Retention Credits

September 2, 2021 04:23 PM

RI Tax Division Issues Guidance On PPP Loan Forgiveness

September 1, 2021 01:38 PM

Mich. Bill Seeks Broadband Tax Credit For Remote Workers

August 31, 2021 05:51 PM

Dems Eye Sunsets Of Family Credits To Bolster Budget Bill

August 31, 2021 04:41 PM

Netherlands Ends Most Pandemic Relief, Tax Deferrals

August 27, 2021 06:47 PM

Trudeau Pledges Tax Hikes On Canada's Largest Enterprises

August 27, 2021 06:57 PM

Killing Fed. Tax Offset Rule Creates 'Loophole,' Treasury Says

August 27, 2021 01:46 PM

Iowa 3-Year Carryback Rule Will Apply To Pandemic NOLs

August 27, 2021 04:33 PM

Centrist Dems Hold Cards As Congress Mulls $3.5T Relief Plan

August 27, 2021 05:34 PM

Domicile Changes In Remote-Work Era Draw States' Scrutiny 

August 26, 2021 03:39 PM

Treasury Says Ky., Tenn. Lack Standing In Virus Law Tax Fight