Proposed Regulations Remove Look-Through Rule for Domestically Controlled REITs | Tax Talks
I. Introduction On October 20, 2025, the U.S. Department of the Treasury (“Treasury”) and the Internal Revenue Service (the “IRS”) issued proposed| Tax Talks
I. Introduction On October 20, 2025, the U.S. Department of the Treasury (“Treasury”) and the Internal Revenue Service (the “IRS”) issued proposed| Tax Talks
The recent decision in Freedom Path, Inc. v. Internal Revenue Service addressed whether the IRS’s standards used to deny Freedom Path’s tax exemption as a| Inside Political Law
America’s richest often push for shutdowns to dodge taxes, avoid regulation, and slash benefits for working people. The post How Billionaires Benefit from Government Shutdowns appeared first on OtherWords.| OtherWords
The Internal Revenue Service on Tuesday told auto lenders what they need to do to comply with the new interest reporting requirement for 2025 vehicle purchases. The tax change is part of the One Big Beautiful Bill Act (OBBBA) signed into law on July 4, but it retroactively covers car loans to Jan. 1. IRS […] The post IRS Issues Guidance for Auto Lenders on New Tax Deduction appeared first on New Jersey Business & Industry Association.| New Jersey Business & Industry Association
The news that a significant number of IRS employees have been furloughed due to the ongoing government shutdown has left millions of taxpayers with unanswered questions. If you’re asking what this means for your refund, the final October filing deadline, the tax filing process, or who you can reach out to for help, you are The post IRS Furlough Guide: Will Your Refund Be Delayed? Can You Get Help? appeared first on Blog.| Blog
The White House’s memorandum, known as NSPM-7, directs the Department of Justice (DOJ), the FBI, and the IRS to coordinate investigations into individuals and organizations allegedly “aiding” political violence. While its stated goal is to curb extremism, the language is alarmingly broad—so much so that even vocal criticism of the Administration’s policies could be interpreted […]| Charity Lawyer Blog
IRS requirements for client data protection are just the beginning. Learn how the IRS Security Six serve as essential cybersecurity rules for firms.| Rightworks
The journalist and expert on nonprofit tax law talks to Michael E. Hartmann about Congressional interest in and public discourse about exempt organizations, limited-liability corporations, donor-advised funds, and watchdogs.| Philanthropy Daily
The investigative reporter talks to Michael E. Hartmann about the growing flow of money in college sports—including through tax-incentivized, nonprofit entities with charitable status.| the Giving Review
Liberty University, the evangelical powerhouse founded by Jerry Falwell Sr., has long touted its mission of “Training Champions for Christ.” But a deep dive into its latest IRS Form 990 filing for the fiscal year ending June 30, 2024, reveals a different kind of championship: one in executive compensation. Its top officers and insiders are pocketing salaries rivaling those of Fortune 500 CEOs, while the institution operates as a tax-exempt nonprofit. The filing, obtained via ProPublica’...| The Roys Report
Many business owners were misinformed about the ERTC. Find out if your Employee Retention Credit Claim is incorrect here.| Greenlight Financial
Learn about Trade Association Member Perks and the compliance issues that can arise from providing disproportionate benefits.| Charity Lawyer Blog
Industry is split three ways on question of eligibility.| Heated Up!
On July 25, 2025, the U.S. Court of Appeals for the Eighth Circuit affirmed the District Court decision holding that the Mayo Clinic is entitled to an| Tax Talks
Last week, President Trump fired the Commissioner of the Bureau of Labor Statistics in apparent retaliation for weak jobs numbers. The move drew sharp criticism for spooking investors and weakening trust in official data. But it also reflects a deeper problem: the ongoing erosion of the federal data infrastructure.| ITEP
The IRS signaled a change in policy when it stated in a court filing that communications from a house of worship to its congregation do not violate the Johnson Amendment.| Charity Lawyer Blog
A man has been convicted of several crimes after being caught in a scheme to defraud the US government of $13 million.| The Daily Hodl
A man from Yonkers, New York, has pleaded guilty to charges related to a fraudulent tax refund check scheme that used the stolen identity of an investment company executive.| The Daily Hodl
This is the second installment in the Notes on the Crises series on the IRS. While the first essay traced how the agency has become a political target and potential tool of authoritarianism, this piece investigates how DOGE’s so-called tech modernization efforts may further entrench those risks.| Notes on the Crises
How Trump, DOGE, and Project 2025 Are Turning the IRS Into a Tool of Authoritarian Rule Editor’s Introduction: Hello readers, it's Nathan Tankus and I am very happy to bring to you the first in a long multi-part series on the IRS spearheaded by Anisha Steephen.| Notes on the Crises
On June 17, 2025, the Tax Court opinion in AbbVie Inc. and Subsidiaries v. Commissioner of Internal Revenue was issued, holding that the approximately| Tax Talks
Tucked into the so-called “Big Beautiful Bill” (BBB), Section 70424 reinstates an above-the-line charitable deduction: $1,000 for individuals, $2,000 for couples.| Charity Lawyer Blog
On May 28, 2025, in Soroban Capital Partners LP v. Commissioner (T.C. Memo 2025-52) (“Soroban II”), the Tax Court held the active role of limited partners in a fund manager caused them to fail to qualify as “limited partners” for purposes of section 1402(a)(13) and, therefore, the limited partners were subject to self-employment tax.[1] This...| Tax Talks
Companies are increasingly allowing their chief executive officers and, in certain circumstances, other executives to use corporate jets (which may be chartered flights or fractionally or fully owned aircraft) for personal use due to various reasons. Although this benefit may be a relatively small percentage of an executive’s overall compensation package, it is still likely...| Tax Talks
Treasury's interest in these AI tools comes as its IT workforce has been slimmed under the Trump administration.| FedScoop
Seis meses después de convertirse en inversionista residente en Puerto Rico, Suresh Gajwani registró a SGNG Foundation Corp., una organización sin fines de lucro que recibió al menos $150,000 en donativos otorgados por beneficiarios de la Ley 22, sin estar cualificada para recibirlos.| Centro de Periodismo Investigativo
Three House lawmakers are asking the IRS to update and expand the list of services and treatments for chronic diseases| ABA Banking Journal
The layoffs of roughly 7,000 IRS probationary workers beginning this week likely mean the end of the agency's plan to go after high-wealth tax dodgers and could spell disaster for revenue collections, experts say. The majority of employees shown the door at the federal tax collector are newly hired workers focused on compliance, which includes| Santa Monica Daily Press - Santa Monica's trusted source of essential news fo...
The decision displays how an exemption for two weeks of rental income named for the major PGA golf tournament does not provide a blank check, experts said.| Financial Planning
From 2015 through 2021, the IRS did make an annual change — usually quite small — to the percentage of income that you have to pay for self-purchased (individual/family) health coverage. But there’s a lot more to it than just the percentage of income that the IRS says you have to pay for the benchmark plan.| healthinsurance.org
New York Gov. Kathy Hochul announced the upcoming launch of FileYourStateTaxes, a free, electronic tax filing system for New Yorkers.| StateScoop
On Monday, federal Judge Diane Humetewa set a sentencing date for journalist Michael Lacey and two former execs in the Backpage travesty.| Front Page Confidential
Learning about the federal government’s budget process can be daunting. Here are a few key terms to help better understand of the federal budget process as of late: Image credit: “The End Of The Government Shutdown 2013” by Stephen D. Melkisethian is licensed under CC BY-NC-ND 2.0.| Revolving Door Project
The determination letter is a notice sent by the IRS stating the nonprofit’s exempt status. Determination letters are proof of tax-exemption.| Charity Lawyer Blog
A discussion of best payroll practices for 501(c)(3) and other nonprofit organizations.| Foundation Group®
