Tim Shaw

A set of criteria put forth by the Treasury Department for determining which tier of the clean hydrogen production tax credit a taxpayer qualifies drew both support and criticism from companies and organizations testifying at a public rulemaking hearing March 25.

The IRS' recent announcement of a crackdown on corporate jet usage garnered national attention as the Biden administration continues down its path of increasing audit scrutiny of wealthy individuals and large businesses with complex tax structures. Zeinat Zughayer, tax controversy manager with Baker Tilly, gave insights on the impetus behind the new series of audits and their scope.

(March 29, 2024) - The Supreme Court heard oral arguments to settle a circuit court split over whether life insurance proceeds following a shareholder's

The IRS' Exempt Organization Business Master File (EO BMF) suffers from a multitude of errors with long turnaround times to correct, which stem from old systems and insufficient oversight, according to submitted comments from the TEGE Exempt Organizations Council.

Two individual H&R Block customers filed a class action lawsuit against the company, claiming the cost of its online tax preparation services was misrepresented and not free as advertised.

The Federal Communications Commission's Enforcement Bureau launched a "Spring Cleaning" initiative to crack down on harmful robocalls and phone scams, starting with a fake tax relief program campaign that solicits sensitive personal information.

An unpopular provision of the 2017 tax reform bill that disallows immediate expensing of research and development costs has created a cash flow issue for small- and medium-sized companies unaccustomed to spreading out their deductions, according to a subject matter expert in the R&D space.

The IRS' criminal investigation processes for identifying and examining a certain group of noncompliant employers are currently more effective than civil enforcement workflows, according to the Treasury Inspector General for Tax Administration (TIGTA). (

The IRS on April 19 made available an early release draft of the information return for reporting digital asset transactions that will be furnished by brokers, reflecting proposed regs issued last year.

Tax practices seeking to begin developing an artificial intelligence (AI) strategy should understand their end goals and limitations from the get-go, with an emphasis on how data is collected and safeguarded, a panel of tax and tech leaders at PricewaterhouseCoopers (PwC) advised.