Court Tax Regulatory Rulings Offer Early Legal Insight
Talking Tax24 Mar 2022

Court Tax Regulatory Rulings Offer Early Legal Insight

Recent court rulings striking down two Internal Revenue Service reporting requirements suggest the agency may need to change its procedures so that its rules will hold up in court. The U.S. Court of Appeals for the Sixth Circuit struck down a tax reporting requirement on March 3 in Mann Construction, Inc. v. United States. That decision was cited by the U.S. District Court for the Eastern District of Tennessee when it struck down a separate reporting requirement on March 21 in CIC Services, LLC v. IRS. The decisions come as the Treasury Department, and the IRS within it, face increasing scrutiny over whether their tax rulemaking procedures have met legal requirements. On the latest episode of Talking Tax, Melissa Wiley, Member in Caplin & Drysdale's D.C. office, and Kristin Hickman, law professor at the University of Minnesota, discuss what the decisions could signal about how courts will approach federal tax rulemaking procedures. They speak with Bloomberg Tax's Aysha Bagchi and Jeff Leon. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

Episoder(436)

Corporate Tax Disclosures Let Investors Peer Into the Black Box

Corporate Tax Disclosures Let Investors Peer Into the Black Box

Investors are getting a lot more information about an area that’s been a mystery in the past: What goes into companies’ tax bills. The US, the European Union, and Australia all have new or forthcom...

15 Apr 11min

Accounting Firms Navigate Compensation as AI Tools Upend Work

Accounting Firms Navigate Compensation as AI Tools Upend Work

Artificial intelligence is putting accounting firm leaders on alert for workers well-versed in using and managing the new tools as the industry invests heavily in modernizing workflows. Firms shou...

8 Apr 16min

IRS Pivots to Fill Holes in Tax Filing Season After DOGE Cuts

IRS Pivots to Fill Holes in Tax Filing Season After DOGE Cuts

Time is running out to file your taxes to the IRS as the April 15 deadline approaches. But for the IRS, the work is only just beginning and it's off to a rocky start. Elon Musk's Department Gove...

1 Apr 13min

How Tax Administration Reforms Could Pass Congress This Year

How Tax Administration Reforms Could Pass Congress This Year

Lawmakers in both chambers of Congress are taking a closer look at a range of bipartisan IRS administration changes. House tax writers have advanced several pieces of legislation that would fix pro...

25 Mar 11min

Washington's Novel Millionaires Tax Inches Closer to Reality

Washington's Novel Millionaires Tax Inches Closer to Reality

States are struggling to make up for revenue gaps in the wake of federal cuts and President Donald Trump's tax-and-spending law. In Washington state, lawmakers have answered the challenge with a n...

18 Mar 10min

Tax Filing Season Is Underway: Here's How It's Going So Far

Tax Filing Season Is Underway: Here's How It's Going So Far

There are about five weeks left in tax filing season — the busiest time of year for the IRS and tax preparers. IRS CEO Frank Bisignano told lawmakers earlier this month the tax season has so far be...

11 Mar 17min

States Still Decoupling From GOP Tax Law Deep Into Filing Season

States Still Decoupling From GOP Tax Law Deep Into Filing Season

Tax-filing season is well underway, and yet many states are still figuring out whether to conform to or decouple from provisions in last year's GOP-led tax overhaul, especially the deductions and othe...

4 Mar 12min

Tariff Refunds Would Threaten Tax, Transfer Pricing Headaches

Tariff Refunds Would Threaten Tax, Transfer Pricing Headaches

The Supreme Court's decision to nix a wide swath of the Trump administration's tariffs comes with some big tax and transfer pricing questions for tax executives as companies battle to collect refunds ...

25 Feb 12min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
aftenpodden-usa
forklart
popradet
stopp-verden
fotballpodden-2
rss-gukild-johaug
lydartikler-fra-aftenposten
nokon-ma-ga
det-store-bildet
hanna-de-heldige
dine-penger-pengeradet
rss-ness
rss-espen-lee-usensurert
aftenbla-bla
e24-podden
rss-dannet-uten-piano
rss-penger-polser-og-politikk
frokostshowet-pa-p5