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IRS Hit With Five More Conservation Easement Suits in Tax Court At least five more conservation easement lawsuits arrived at US Tax Court this week, adding to the mounting caseload facing the government The five cases involve more than $132 million in charitable contribution tax deductions the IRS disallowed for partnerships that donated conservation easements on a piece of land
IRS Planning for Tax Bill Implementation Underway, Official Says The IRS has spent weeks getting ready to implement provisions in the tax bill currently moving through Congress, in anticipation of aggressive timelines in the GOP-backed package, a Treasury Department official said Tuesday
IRS Internal Revenue Bulletin: I. R. B. 2025-25 Released The IRS has published its Internal Revenue Bulletin The bulletin includes: 1) Announcement 2025-7, revocation of IRC 501(c)(3) organizations for failure to meet the code section requirements; 2) Announcement 2025-14,
Tax Court Allows Firm’s Deduction for Fixing Accounting Mistake Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
GOP Tax Bill Adds Billions to Deficit Using Alternative Scoring The federal deficit would take a roughly $442 billion hit over a decade under the Senate GOP tax cut package using a controversial scoring method sought by Republicans, Congress’ official tax scorekeepers said