Tim Shaw

A proposed bill aimed at ending tax-free reorganizations for large corporations could have unintended consequences for a broad range of mid-market deals and create uncertainty for transactions already underway, according to a deal attorney.

Two federal lawsuits filed May 22 seek to dismantle the $1.776 billion Anti-Weaponization Fund created through a settlement between President Donald Trump and the Justice Department, with plaintiffs in both cases arguing the fund is unconstitutional, unlawful, and structured to evade public accountability.

Reductions to the IRS workforce and the current design of information reporting both hamper voluntary compliance and the tax gap, according to research presented during the first session of the 16th annual IRS/TPC Joint Research Conference on Tax Administration on June 25.

The House Ways and Means Committee held a hearing June 30 to review federal tax policy in the multibillion-dollar sports industry.

H&R Block is urging a federal appeals court to reverse a decision that refused to enforce its arbitration agreement, letting a data privacy class action over the alleged sharing of tax return data with Meta and Google proceed in court.

A California insurance agency has been granted leave to amend its complaint in a lawsuit seeking a refund for the Employee Retention Credit (ERC), after a federal court found its initial filing failed to adequately plead that its business was partially suspended due to government COVID-19 orders.

Two pending digital asset bills would provide needed regulatory and tax clarity but could heighten criminal tax exposure for noncompliant taxpayers by removing ambiguity as a defense against willfulness, according to an attorney and CPA.

The federal government has asked a federal appeals court to lift an order blocking it from using confidential taxpayer addresses for immigration enforcement, arguing the disclosure policy is authorized by law and that the challengers lack standing to sue.

Publix Super Markets Inc. is suing the federal government to recover a $2.6 million research credit that the IRS disallowed for the 2018 tax year after determining that the company's expenses did not qualify as research.

A federal appeals court has affirmed a preliminary injunction blocking an IRS policy that disclosed thousands of taxpayers' addresses to immigration authorities, agreeing the agency's automated process likely violated the strict confidentiality protections Congress built into the Tax Code.