Tax Notes
@taxnotes.com
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Your #1 source for everything tax. News, commentary, analysis | taxnotes.com Nonpartisan nonprofit.
The government shutdown and a lack of resources at the IRS are among the significant risks to the 2026 filing season, according to former IRS Commissioner Daniel Werfel. Read more:
https://taxnotes.co/3LpAuVk
about 6 hours ago
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reposted by
Tax Notes
Lauren Loricchio
about 13 hours ago
Legal opinions argue that taxpayers can source gains to Puerto Rico that were accrued before establishing residency in Puerto Rico in some circumstances. That advice could put taxpayers on the wrong side of the IRS. Our latest
@taxnotes.com
investigation
bit.ly/3Jj4rpy
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https://bit.ly/3Jj4rpy
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NEW: The IRS has informed states participating in Direct File that the free filing tool wonât be offered in 2026, according to an email from the agency. Read more:
https://taxnotes.co/4qFxLY9
1 day ago
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đ˘ Calling all innovators in U.S. federal tax! Tax Analysts is expanding our Award of Distinction program with a new category celebrating excellence in U.S. federal taxation. Submit a nomination for yourself or someone else today:
awards.taxanalysts.org
2 days ago
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The IRS is hiring criminal investigators to assist with President Trumpâs efforts to ramp up law enforcement in Washington, D.C. Read more:
https://taxnotes.co/49AWtTb
2 days ago
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As federal funding for the Supplemental Nutrition Assistance Program (SNAP) teeters amid the federal government shutdown, state officials and governors are highlighting direct tax and budget risks. Read more:
https://taxnotes.co/4qGno6e
3 days ago
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Tax Notes
ICRICT
7 days ago
đ#ICRICT in
@taxnotes.com
key insight: Spain, Brazil, Chile - a coalition of countries is doubling down on a mission to tax the ultra wealthy. Read Nana Sarfo article on our event on extreme wealth inequality during IMF/WB Annuals
#IMFMeetings
. Full story:
shorturl.at/ovSCj
#TaxThePower
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For the third day in a row, the Senate approved a resolution to undermine a portion of President Trumpâs layered tariff regimes. Read more:
https://taxnotes.co/4nsWMmf
6 days ago
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New legislation from House Democratic taxwriters would restore clean energy credits from the Inflation Reduction Act that were slashed in the Republican reconciliation bill earlier this year, while also maintaining some of its small enhancements. Read more:
https://taxnotes.co/47mFEZm
7 days ago
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"Ronald Reagan was no fan of tariffs. In fact, he was an ardent (if inconstant) champion of free trade and open markets,"
@joethorndike.bsky.social
writes.
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Ronald Reagan Would Have Hated Trumpâs Tariffs
Joseph J. Thorndike contrasts Ronald Reaganâs approach to international trade with the tariff policy of the Trump administration.
https://www.forbes.com/sites/taxnotes/2025/08/04/ronald-reagan-would-have-hated-trumps-tariffs/
13 days ago
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"If the economic burden of a tariff was passed on to you as a consumer through various price adjustments, there's no recovery for that," Robert Goulder said. "The only people who are entitled to a tariff refund is the importer who actually paid the tariff up front."
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Trump's Tariffs On Trial: Supreme Court Preview
In this episode of Tax Notes Talk, Tax Notes contributing editor Robert Goulder discusses the upcoming oral arguments before the Supreme Court on the validity of the Trump administration's recent reci...
https://www.forbes.com/sites/taxnotes/2025/10/21/trumps-tariffs-on-trial-supreme-court-preview/
13 days ago
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The Senate passed legislation that would require the IRS to explain any math or clerical errors made on federal returns and notify taxpayers about the opportunity to abate wrongly assessed tax. Read more:
www.taxnotes.com/tax-notes-to...
15 days ago
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A presidential memorandum regarding domestic terrorism could jeopardize some nonprofitsâ federal funding and governmental contracts, according to two attorneys specializing in tax-exempt organizations. Read more:
www.taxnotes.com/tax-notes-to...
16 days ago
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"Americans of almost every political stripe tend to think of governmental tax revenue as an aggregation of dollars paid by individuals,"
@joethorndike.bsky.social
writes. "That gives taxpayers a claim on those dollars â and a moral responsibility for how they are spent."
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Itâs About More Than Rates: Explaining Taxes From The Bottom Up
Joseph Thorndike reviews, "My Tax Dollars: The Morality of Taxpaying in America," by Ruth Braunstein, which maps out the âmoral landscapeâ of taxpaying in the U.S.
https://www.forbes.com/sites/taxnotes/2025/10/21/its-about-more-than-rates-explaining-taxes-from-the-bottom-up/
16 days ago
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A report that the Trump administration seeks to exert more control over the IRS Criminal Investigation division has some former agency officials questioning whether the move is legal or will be implemented fairly. Read more:
www.taxnotes.com/tax-notes-to...
21 days ago
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Rep. Marjorie Taylor Greene, R-Ga., a staunch conservative and ally of President Trump, is siding with Democrats in pushing for the extension of an expiring Affordable Care Act tax credit. Read more:
www.taxnotes.com/tax-notes-to...
23 days ago
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reposted by
Tax Notes
David S. Mitchell
27 days ago
Opposition to the qualified small business stock exclusion crosses ideological lines!
@kylepomerleau.bsky.social
& me on why QSBS-which Republicans just expanded-is inefficient, unfair & should be scrapped, or at least reformed to fix glaring defects.
www.taxnotes.com/tax-notes-to...
@taxnotes.com
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https://www.taxnotes.com/tax-notes-today-federal/one-big-beautiful-bill-act-obbba/congress-should-have-eliminated-not-expanded-qsbs-exclusion/2025/10/10/7t2fl
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reposted by
Tax Notes
Cady Stanton
24 days ago
Iâm excited to speak at the
#TaxTrendsSummit
2025 on November 5 presented by
@taxnotes.com
and the ABA Tax Section. Iâll be moderating the panel "Tax Policy at 10,000 Feet: A Strategic Outlook" alongside a fantastic group of industry leaders. Register now:
taxnotes.co/taxtrends25
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Itâs becoming a real possibility that the government will reopen without an extension of an expiring healthcare tax credit, despite congressional Democratsâ demand to address the subsidies in exchange for their votes for a stopgap funding measure. Read more:
www.taxnotes.com/tax-notes-to...
28 days ago
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Frank Bisignanoâs dual role as Social Security Administration commissioner and IRS CEO raises concerns as litigation regarding tax data sharing with U.S. Immigration and Customs Enforcement continues. Read more:
www.taxnotes.com/tax-notes-to...
29 days ago
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Groups representing tax professionals are concerned that IRS furloughs during a prolonged government shutdown would hamper return processing and set back preparations for next filing season. Read more:
www.taxnotes.com/tax-notes-to...
about 1 month ago
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NEW: April Harding, former IRS director of user experience services, discusses her proposed agency modernization plan and the future of IRS digital products. Listen to the full conversation wherever you get your podcasts:
www.buzzsprout.com/124942/episo...
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Reimagining the IRS: Former Official Talks Agency Transformation - Tax Notes Talk
April Harding, former IRS director of user experience services, discusses her proposed agency modernization plan and the future of IRS digital products. For more coverage, read the following in T...
https://www.buzzsprout.com/124942/episodes/17944612
about 1 month ago
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Is buying a cup of coffee with cryptocurrency a taxable transaction? Thatâs one thing the crypto industry wants Congress to clarify through changes to the tax code. Read more:
www.taxnotes.com/tax-notes-to...
about 1 month ago
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"Even as the clean vehicle credit drives off into the sunset, former subsection 30D(d)(7) casts a long shadow across the code," Marie Sapirie writes.
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The EV Credit Is Dead. Long Live The EV Credit?
Marie Sapirie argues that the section 30D electric vehicle credit introduced rules that will continue to influence tax policy.
https://www.forbes.com/sites/taxnotes/2025/09/29/the-ev-credit-is-dead-long-live-the-ev-credit/
about 1 month ago
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How close are we to a government shutdown, and how does Congress's fight over Affordable Care Act premium tax credits play into the stalemate? Tax Notes Capitol Hill reporter
@cadystanton.bsky.social
explains the latest updates.
#tax
#healthcare
#congress
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about 1 month ago
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Exclusive: The work to dissolve the Justice Departmentâs Tax Division is set to resume after the required reorganization memo was finally signed, former division head Karen E. Kelly said in an interview with Tax Notes. Read more:
www.taxnotes.com/tax-notes-to...
about 1 month ago
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Growing prospects for a partial shutdown of the IRS beginning October 1 are making tax professionals and their clients nervous about possible regulatory delays, particularly when it comes to issuing guidance for this summerâs giant tax bill. Read more:
www.taxnotes.com/tax-notes-to...
about 1 month ago
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Thirteen private colleges and universities will likely face a higher excise tax on their net investment income because of changes made by the new Republican tax law, a Tax Notes analysis shows. Read more:
www.taxnotes.com/tax-notes-to...
about 1 month ago
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"The Eighth Circuitâs Medtronic II decision makes clear that judges may not decide for themselves which factors determine comparability and reliability," Ryan Finley writes. "When they do, it is reversible legal error."
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After Eighth Circuitâs Medtronic II Decision, What Happens Now?
Ryan Finley explains the consequences of the Eighth Circuitâs Medtronic II decision, both for the company on remand and in all other best method disputes.
https://www.forbes.com/sites/taxnotes/2025/09/22/after-eighth-circuits-medtronic-ii-decision-what-happens-now/
about 2 months ago
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A volunteer advisory panel of the Taxpayer Advocate Service is pausing all public meetings indefinitely while the White House vets its members, according to a memo from panel leadership. Read more:
www.taxnotes.com/featured-new...
about 2 months ago
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The Trump administration has no legal basis for revoking the tax exemption of groups whose views it disagrees with, despite its threats to do so following the killing of Charlie Kirk, according to multiple law professionals. Read more:
www.taxnotes.com/tax-notes-to...
about 2 months ago
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"Anytime the government demands money in a forcible extraction from someone or some company, that's going to start to look a lot like a tax, just right out of the gate,"
@joethorndike.bsky.social
said.
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The Nvidia Deal And Taxing Exports: The Constitutionality Of It All
In this episode of Tax Notes Talk, Tax Notes contributing editors Robert Goulder and Joseph Thorndike discuss the recent Nvidia deal to export chips to China, and they question its constitutionality a...
https://www.forbes.com/sites/taxnotes/2025/09/16/the-nvidia-deal-and-taxing-exports-the-constitutionality-of-it-all/
about 2 months ago
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reposted by
Tax Notes
Lauren Loricchio
about 2 months ago
A Texas lawyer concluded that the tribal tax credits being sold by White River Energy Corp. âare real and recognized by the U.S. Congress and Government,â even though the IRS says the credits donât exist. Story in
@taxnotes.com
bit.ly/4gnXyz3
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Legal Opinion Describes Tribal Credits as âReal and Recognizedâ | Tax Notes
Tax Notes is the first source of essential daily news, analysis, and commentary for tax professionals whose success depends on being trusted for their expertise.
https://bit.ly/4gnXyz3
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President Trumpâs pick for the IRSâs top lawyer told Senate Finance Committee staff that a former IRS official âshould have been shotâ for resigning from his role at the agency during filing season, according to the panelâs top Democrat. Read more:
www.taxnotes.com/featured-new...
about 2 months ago
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A group of six House and Senate lawmakers are pushing for Treasury to rescind recent interim guidance notices on the corporate alternative minimum tax, arguing that the notices usurp the guidance issued under the Biden administration. Read More:
www.taxnotes.com/tax-notes-to...
about 2 months ago
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"To call for an organized program of federal tariff rebates is to all but concede that U.S. taxpayers are being overtaxed, currently, through the harsh treatment of imports," Robert Goulder argues.
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The Next Bad Idea: Tariff Rebate Checks
Robert Goulder comments on a recent legislative proposal for a federal tariff rebate scheme.
https://www.forbes.com/sites/taxnotes/2025/09/08/the-next-bad-idea-tariff-rebate-checks/
about 2 months ago
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The IRSâs agreement to share immigrantsâ tax return information with the Department of Homeland Security violated taxpayer privacy laws, according to a former top IRS official. Read the full story:
www.taxnotes.com/featured-new...
2 months ago
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Will taxpayers face penalties for relying on bad advice provided by tax departments using generative artificial intelligence? Experts say it's an important question to consider. Read the full investigation:
www.taxnotes.com/featured-new...
2 months ago
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"It's not merely that the U.S. tax code has never previously applied to a pope," Robert Goulder explains. "It's that no country's tax code has ever previously been an issue to the Vatican. We're in uncharted waters here."
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Pope Leo The Taxed: How The U.S. Tax System May Affect The Vatican
In this episode of Tax Notes Talk, Tax Notes contributing editor Robert Goulder discusses how Pope Leo XIVâs American citizenship creates a unique tax issue and how the United States may try to avoid ...
https://www.forbes.com/sites/taxnotes/2025/09/03/pope-leo-the-taxed-how-the-us-tax-system-may-affect-the-vatican/
2 months ago
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The plaintiffsâ argument for an injunction preventing the IRS from mass sharing confidential taxpayer information with immigration authorities fails because the agency followed the tax information privacy law, the government argued. Read more:
www.taxnotes.com/tax-notes-to...
2 months ago
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Tax code complexity is costing the United States more than $536 billion annually because of the time and money it takes to prepare tax returns, according to the Tax Foundation. Read more:
www.taxnotes.com/tax-notes-to...
2 months ago
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House and Senate leaders will have to reach a deal on funding for the IRS, OECD, and the Justice Departmentâs plan to reorganize the Tax Division during the upcoming government funding process. Read more:
www.taxnotes.com/tax-notes-to...
2 months ago
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Will taxpayers face penalties for relying on bad advice provided by tax departments using generative artificial intelligence? Read more:
taxnotes.co/3JyrMmP
2 months ago
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"Congress has already gone on its back-to-school shopping spree," Marie Sapirie writes. "In the OBBBA, lawmakers opened a running tab that todayâs kindergarteners probably wonât appreciate in the years to come."
www.forbes.com/sites/taxnot...
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Back To School In The One Big Beautiful Bill Act
Marie Sapirie argues that the One Big Beautiful Bill Actâs new scholarship credit and changes to the endowment tax on private universities are attempts to make education policy through the tax code.
https://www.forbes.com/sites/taxnotes/2025/08/25/back-to-school-in-the-one-big-beautiful-bill-act/
2 months ago
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Why does the U.S. tax code make questions about Pope Leo XIV's tax obligations as the head of Vatican City uniquely challenging? Tax Notes' Robert Goulder explains.
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3 months ago
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Guidance from the IRS addresses the One Big Beautiful Bill Actâs effect on the application of multiple energy credits and deductions while reiterating that the new tax law âaccelerated the expirationâ of several credits. Read more:
www.taxnotes.com/tax-notes-to...
3 months ago
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Campaign contributions to House Ways and Means Committee Republicans jumped by nearly 30 percent, averaging more than $1 million per member as a giant tax bill was crafted and passed.
www.taxnotes.com/tax-notes-to...
3 months ago
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The IRS didnât consider individual employee performance when terminating probationary employees early this year and fired thousands who hadnât received performance ratings for their position, an agency watchdog found. Read more:
www.taxnotes.com/featured-new...
3 months ago
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reposted by
Tax Notes
Lauren Loricchio
3 months ago
Hundreds of thousands of taxpayers who are victims of identity theft and are facing long waits to get their refunds. Staff reductions and budget cuts could make things worse. My latest for
@taxnotes.com
bit.ly/4fL6wGc
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Staff and Budget Cuts Could Exacerbate Identity Theft Delays | Tax Notes
Tax Notes is the first source of essential daily news, analysis, and commentary for tax professionals whose success depends on being trusted for their expertise.
https://bit.ly/4fL6wGc
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"I think that the threat to revoke exempt status is simply another cudgel to get these universities to settle," Ellen Aprill said. Check out the full conversation đ
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Harvard Vs. Trump: The Battle Over Tax-Exempt Status
Ellen Aprill of UCLA discusses the legal battle between Harvard and the Trump administration over the university's tax-exempt status and the recourses that an exempt organization may have if its statu...
https://www.forbes.com/sites/taxnotes/2025/08/19/harvard-vs-trump-the-battle-over-tax-exempt-status/
3 months ago
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