When a special committee of Meta board members went looking for a law firm to negotiate a new capital-raising strategy with founder Mark Zuckerberg, they needed one that hadn’t worked closely with the ...

The IRS issued a news release announcing temporary relief from reporting and recordkeeping requirements associated with tax imposed under I.R.C. §4041(a) on certain taxable uses of dyed diesel fuel.

Meta Platforms, Inc. reported a 2% effective tax rate for the first nine months of the year, reflecting the continuing impact of a big tax benefit the company recorded in April.

The IRS issued a news release announcing updated procedures for correcting retirement plan failures and a new correction program for Individual Retirement Accounts. Rev. Proc. 2026-34 expands and ...

The U.S. Tax Court held that partnerships’ conservation easement deductions required substantial reductions because their valuations relied on unrealistic development plans, allowing reduced ...

The U.S. Court of Federal Claims held that a taxpayer failed to establish jurisdiction over his federal tax refund claim or plausibly allege entitlement to a refund because his self-created ...

Switzerland will delay by one year the application of OECD guidance restricting the use of certain deferred tax assets in effective tax rate calculations under global minimum tax rules, the federal ...

The Trump administration announced $8 billion in aid for farmers to help offset rising fuel costs, a major burden for growers during the harvest.

The U.S. Court of Federal Claims held that a corporate taxpayer could not recover interest and fraud penalties assessed through a civil examination because restrictions applicable to restitution-based ...

The U.S. Tax Court held that partnerships were not entitled to charitable contribution deductions for façade conservation easements because the easement deeds failed to protect the conservation ...

Filming activity in Los Angeles across movies, television series, documentaries and commercials fell 4.8% in the third quarter from a year ago, even with the share of productions supported by ...

The U.S. Court of Federal Claims held that a taxpayer could not pursue its refund claim because it failed to file an administrative refund claim after paying the disputed tax ...