Caleb Harshberger

The IRS improperly denied a foreign tax credit to an American couple living in France, a court ruled, finding that an income tax treaty between the US and France allows for foreign tax credits to apply to the net investment income tax imposed as part of Obamacare.

Proposed tweaks to a research-and-development tax credit form are coming under fire for boosting compliance costs on companies and cutting against congressional intent behind the credits.

The Treasury Department published new proposed rules on investment credits for green energy projects Friday, boosting clarity for investors considering financing such projects.

The IRS’s Large Business & International Division has begun a campaign to help make sure taxpayers comply with the new book-income minimum tax—likely anticipating enforcement and audits, tax professionals say.

Corporate tax advisers are gearing up clients for 2024 tax code changes to research and development expenses, an election year that could determine the fate of some high-profile laws, and corporate minimum taxes, among other regulatory actions from the IRS and Treasury Department.

The IRS issued a new procedure that allows nonprofit groups to change their tax-exempt status under Section 501(c) of the Internal Revenue Code.

The Inflation Reduction Act signed by President Joe Biden in 2022 provided tens of billions of dollars so the IRS can more effectively collect revenue, including that from high-wealth individuals, partnerships, and large corporations the agency says aren’t paying their fair share.

The former chief of the IRS Criminal Investigations office, Jim Lee, is taking a job with blockchain data firm Chainalysis, a month after retiring from the agency after nearly three decades.

Final rules from the Treasury Department governing energy tax credit transfers cement guidance for one of the bigger changes to come out of the 2022 tax-and-climate law known as the Inflation Reduction Act.

IRS auditors are looking at how large partnerships are adjusting the tax basis of their assets as a part of a new campaign to audit pass-through entities, an agency official said.