Revival of Property Tax Suit Puts NYC in Hot Seat
A seven-year-old lawsuit aimed at forcing overhaul of New York City's complicated property tax system has gotten a new life, after the state's high court ruled last month it could move forward. Tax Eq...
10 Huhti 202414min
Tax Bill Holdup Offers Lessons, Some Optimism for 2025
While senators quibble over the $78 billion bipartisan tax package, the House is turning to next year, when a swath of tax cuts from the Republicans' 2017 law expire. Congress returns next week, and i...
3 Huhti 202417min
Inside Government Crackdown on Corporate Jet Tax Abuse
The corporate jet industry is the latest to be targeted by the government's efforts to make the rich pay the taxes they owe. The IRS began an audit campaign in February to clamp down on executives abu...
27 Maalis 202411min
Investors Await Companies Dishing Out More Tax Details
Coming soon to corporate financial statements: a lot more tax transparency. After seven years and three rounds of proposals, the Financial Accounting Standards Board in December published new rules re...
20 Maalis 202413min
New IRS Tool for Free Tax Return E-Filing Is Live
Many taxpayers with relatively simple returns can now electronically file their returns directly with the IRS for free for the first time. The IRS, after months of preparing its government-run free e-...
13 Maalis 202417min
Tough Australian Tax Weapon Gets Court's Go-Ahead
Australian authorities continue to crack down on multinational companies it believes are trying to avoid Australian taxes—and a recent court ruling against PepsiCo Inc. gives them a tough weapon. A ju...
6 Maalis 202413min
IRS Eyes Sports Team Owners Reaping Big Tax Benefits
Sports team owners for decades have seen enormous tax benefits from their team purchases, dispatching squads of accountants to find write-offs on things from equipment and player salaries to TV rights...
28 Helmi 202412min
Taxing Digital Is Hard, Former State Tax Chief Says
For more than a decade, states have had to grapple with the challenge of taxing the digital economy. Peering into cyberspace, tax administrators were often left with more questions than answers. What ...
21 Helmi 202412min
