Tax practice

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

The U.S. Chamber of Commerce challenged an Internal Revenue Service rule change it claims improperly stymies the ability of U.S. companies to shift their headquarters overseas to shelter global profits from American tax collectors.

There once was a time, after the Tax Reform Act of 1986, when the U.S. corporate tax rate was at the low end of corporate tax rates among industrialized economies.

The Internal Revenue Service is making some important changes in the Individual Taxpayer Identification Number program that will require many ITIN holders to renew their numbers under a law passed by Congress last December.

Back-to-school time in Massachusetts isn’t just celebrated by stir-crazy parents. It’s also a chance to shop sales tax free—or at least it was, until the state decided not to reinstate its sales-tax holiday this August for the first time since 2009 due to slowing state revenue.

Internal Revenue Service employees pushed too hard to impose levies on elderly people’s Social Security benefits, leading to economic hardship for some low-income people with tax debts, according to a new report.

The Treasury Department and the Internal Revenue Service have issued proposed regulations that would eliminate a tax-planning strategy for minimizing estate and gift taxes.

Highlights of some of our favorite tax-related blogs from the past week.

The Internal Revenue Service has proposed new regulations that could change the rules for reporting qualified tuition and related expenses for students.

Transfer pricing documentation rules have come to the fore with the United Kingdom’s Brexit.

The Internal Revenue Service is seeing a big increase this summer in automated phone calls from con artists pretending to work for the IRS calling innocent taxpayers demanding overdue taxes.

Mortgage interest deduction limit applies on per taxpayer basis.

A Swiss banker used a toothpaste tube a decade ago to smuggle diamonds into the U.S. Prosecutors now say an Israeli bank employee devised a new way to help a U.S. client hide assets from the Internal Revenue Service: She carried account statements into the country on a USB flash drive concealed in her necklace.

Billionaire investor Warren Buffett ripped into Republican Donald Trump Monday over his refusal to release tax returns, his business bankruptcies, and his attack on a fallen soldier’s family, repeating a famous phrase from the McCarthy era, “have you no sense of decency, sir?”

Singer and rapper Iggy Azalea is reportedly facing a second tax lien from the Internal Revenue Service for $269,980.20 in unpaid federal income taxes from 2015.

A roundup of our favorite recent tax fraud cases.

Many taxpayers have multiple Individual Retirement Accounts and 401(k) accounts, and as the baby boom generation enters its retirement years, more clients than ever are going to need advice from a tax professional about how to handle the complicated rules for required minimum distributions from the accounts once they finally retire.

Massachusetts decided this year to cancel its sales tax holiday, and in the years ahead other states may decide to follow suit.

Facebook Inc.’s future cash flows and results could suffer a major blow if it loses a battle over new U.S. tax liabilities related to the transfer of its global operations to Ireland in 2010.

Even as you woke up from that three-day nap after April 18, you knew you had to make money the rest of 2016, too. Lucky you’re in a field where that’s getting easier.