Tax Analysts®Tax Analysts®

My Subscriptions:

Featured News

June 7, 2016
IRS Operational Changes Cited in Revocation of Casino's Exemption
by David van den Berg
An Iowa casino is facing revocation of its tax exemption under section 501(c)(4) despite having held that status since 1989, and the group's representative -- a former Exempt Organizations Division chief -- is attributing the apparent change of heart to an agency restructuring.
May 26, 2016
Former IRS Chief Says Trump Should Release Returns
by Paul C. Barton
By Donald Trump's own reasoning, the presumptive Republican presidential nominee should be releasing some of his tax returns, a former IRS commissioner says.
May 25, 2016
Beneficial Ownership Is Urgent U.S. Issue, Ex-Senator Levin Says
by Alexander Lewis
The United States needs to take greater action on corporate transparency if it wants to keep pace with international standards and avoid becoming the financial home to drug traffickers and other criminals, according to former Sen. Carl Levin.
May 19, 2016
IRS Argues Against Making E-File PINs Harder to Obtain
by Luca Gattoni-Celli
Months after disclosing a January cyberattack that it said compromised some 101,000 electronic-filing personal identification numbers, the IRS has taken no apparent action to alter or strengthen the user authentication of its e-file PIN application, saying that doing so would burden legitimate taxpayers while having no clear impact on fraud.
May 16, 2016
The Dwindling Taxable Share of U.S. Corporate Stock
by Steven M. Rosenthal and Lydia S. Austin
Steven M. Rosenthal and Lydia S. Austin demonstrate that the share of U.S. stocks held by taxable accounts has declined sharply over the last 50 years, and they urge lawmakers to carefully consider this shareholder base erosion when determining how best to tax corporate earnings.
May 9, 2016
IRS Modifies Audit 'Call-First' Policy After Taxpayer Complaints
by William Hoffman
The IRS will begin notifying taxpayers first by letter when they are subject to in-person field exams, "in an abundance of caution and in light of pervasive phone scams seeking to extort money from taxpayers," the agency said in a statement May 6.
May 9, 2016
Should Political Nonprofits Disclose More Frequently?
by Paul C. Barton
Not only do many politically active nonprofits operate with dark money from undisclosed donors, but they carry out their work behind another shield, some say: the time lag before having to report their spending to the IRS.
April 25, 2016
Deltour Faces Trial in Luxembourg Without EU or French Support
by Teri Sprackland
LuxLeaks whistleblower Antoine Deltour returns to Luxembourg April 26 to stand trial in Judiciary City for the theft of the PwC documents behind the scandal.
April 25, 2016
2016 Outstanding Women in Tax
Tax Analysts honors 10 outstanding women who have made positive contributions to the tax community.
April 19, 2016
Renacci Seeks to Pass Entire ID Theft Bill
by Kat Lucero
In an interview with Tax Analysts' Kat Lucero, House Ways and Means Committee member James B. Renacci, R-Ohio, explains his reasons for introducing legislation to combat tax-related identity theft, including his personal experience.
April 13, 2016
Publicly Available Offers in Compromise Showed SSNs, TIGTA Says
by Luca Gattoni-Celli
IRS employees ineffectively redacted taxpayer information, including Social Security numbers, attached to accepted offers in compromise, which by law the public may review for one year, the Treasury Inspector General for Tax Administration said in an audit released April 12.
April 7, 2016
News Analysis: The European Greens and IKEA: The €1 Billion Question
by Ryan Finley
In news analysis, Ryan Finley examines the European Parliament Greens/European Free Alliance report on tax avoidance by IKEA, noting that given its political impact, the methods and assumptions used to calculate the €1 billion EU revenue loss estimate warrant careful examination.
April 1, 2016
Pro Bono Clinic Days Offer New Option to Help Pro Se Petitioners
by Nathan J. Richman
A Maryland pro bono clinic day program could change how taxpayers seek help to navigate the Tax Court.
April 1, 2016
Tax Humor: April Fools' Day Images
In honor of April Fools' Day, Tax Notes looks at prominent tax wonks' celebrity doppelgangers and envisions potential changes to the IRS building under the leading presidential contenders.
April 1, 2016
Tax Humor: Happy April Fools' Day From Tax Notes
In honor of April Fools' Day, Tax Notes presents a selection of tax humor items.
March 30, 2016
Roskam to Continue Oversight's Push for Asset Forfeiture Reform
by Kat Lucero
House Ways and Means Oversight Subcommittee Chair Peter J. Roskam, R-Ill., revealed in a recent interview that to counter the IRS's use of civil asset forfeiture against taxpayers who structure financial transactions to avoid reporting requirements, he is planning to introduce legislation that would target the IRS's policy on structuring.
March 17, 2016
Downsides Inherent in Tax Incentive Deals Drawing Greater Scrutiny
by Paul Jones
Major tax incentive deals for large corporations carry risks, both for the governments that offer them and the corporations that agree to hiring and performance requirements; those downsides are now attracting more scrutiny.
March 17, 2016
The IRS, Politics, and Income Inequality
by Leandra Lederman
Leandra Lederman suggests that supporters of progressive taxation use the fight against rising income inequality as a rhetorical tool to help the IRS get more balanced treatment by Congress.
March 17, 2016
Problems at the IRS in Attempting to Provide Service to Taxpayers
by T. Keith Fogg and Leslie Book
T. Keith Fogg and Leslie Book discuss the implications of the IRS's reduction in telephone service and face-to-face contact with taxpayers, and they suggest ways the agency can improve its delivery of various benefit programs as well as its collection efforts.
March 16, 2016
Envisioning LB&I's 'Future State'
by Michael P. Dolan
Michael P. Dolan argues that even though the new design for the IRS Large Business and International Division may give the IRS more control over its resources, it has potentially left taxpayers with fewer options for remediating errors, securing certainty, and obtaining penalty relief.
March 16, 2016
LB&I -- the Case for a New Management Paradigm
by Samuel M. Maruca
Samuel M. Maruca argues that changing what it means to be a manager in the IRS's Large Business and International Division would increase the likelihood of LB&I implementing its new strategy for issue selection and development.
March 16, 2016
Can a Change in LB&I Approach Improve Taxpayer Compliance?
by Heather Maloy
Heather Maloy argues that the IRS Large Business and International Division might achieve greater efficiency and compliance by shifting its limited resources away from large examinations and toward activities designed to provide more certainty.
March 15, 2016
Questions About What's in Trump's Returns Persist
by Paul C. Barton
As billionaire real estate investor and presidential candidate Donald Trump amasses more Republican primary victories, theories mount about what could be lurking in his federal tax returns -- documents he has so far refused to release.
March 15, 2016
Identity Theft and Refund Fraud at the IRS: A Partial Solution
by Lawrence B. Gibbs
Lawrence B. Gibbs discusses the fiscal impact and potential for increased fraud within the socioeconomic programs that the IRS administers, and he proposes administrative reform of those programs.
March 15, 2016
Identity Theft Challenges and the IRS
by Kevin Brown and Beth Tucker
Kevin Brown and Beth Tucker discuss the IRS's most recent efforts to combat tax-related identity theft.
March 15, 2016
IRS Criminal Investigation: A National Asset Being Damaged
by Mark E. Matthews
Mark Matthews explores how declining resources and increasing demands are affecting the IRS's law enforcement group.
March 14, 2016
The Future of Tax Administration
by Nina Olson
Nina Olson provides an overview of eight articles in the March 14 edition of Tax Notes that discuss the current state of the IRS, and she concludes that the IRS is understaffed and lacks the focus needed to serve taxpayers.
March 14, 2016
The IRS's Multi-Mission Mismatch Problem
by Kristin E. Hickman
Kristin E. Hickman argues that Congress should spin off some of the IRS's social welfare functions and regulatory programs so that the agency can return its focus to its primary role of collecting taxes.
March 10, 2016
A GOP Tax Cut in 2017? Lessons From History
by Martin A. Sullivan
In economic analysis, Martin A. Sullivan looks at the chances of a major tax cut in 2017 and discusses the tax plans pushed by Presidents Reagan, Clinton, George W. Bush, and Obama.
March 8, 2016
Private Tax Debt Collection Probably 1 Year Away, Koskinen Says
by William Hoffman
Delinquent taxpayers won't have to worry about private tax debt collectors calling for at least another calendar year, IRS Commissioner John Koskinen told Tax Analysts at the Federal Bar Association Section on Taxation annual meeting in Washington March 4.
March 7, 2016
Mortgage Deduction Backers Spend Heavily on Politics
by Paul C. Barton
The mortgage interest deduction is expensive not only in terms of cost but in money spent in support of it, leaving many confident in its continued existence in the tax code under most policymakers' vision for tax reform.
February 26, 2016
IRS ID Theft PINs Too Easy to Obtain Online, Observers Warn
by Luca Gattoni-Celli
The IRS should stop providing online access to a key anti-fraud program through a marginally revised version of the authentication process that allowed thousands of tax records to be stolen last year, the Treasury Inspector General for Tax Administration and other tax observers told Tax Analysts.
February 25, 2016
No Stopping Political Nonprofits Now, Some Say
by Paul C. Barton
If perception is reality, the new reality for nonprofit "social welfare" organizations is that they can emphasize politics as much as they want and not worry in the slightest about losing their tax exemptions.
February 24, 2016
The VAT: Coming Soon to a Campaign Stop Near You
by Alan D. Viard
Alan D. Viard analyzes proposals by two Republican presidential candidates, Sens. Ted Cruz, R-Texas, and Rand Paul, R-Ky., to replace much of the federal tax system with a subtraction method VAT.
February 22, 2016
Koskinen, Olson to Face Off on Taxpayer Service 'Future State'
by William Hoffman
Under the IRS's "future state" vision for taxpayer service, taxpayers will be able to solve tax return filing problems in minutes that could've taken months before, according to the IRS's top executive, but the Service's taxpayer advocate counters that they might have trouble if they need to talk with an agency representative on the phone.
February 18, 2016
Flawed Authentication May Have Exposed E-File PINs
by Luca Gattoni-Celli
The IRS's reliance on Social Security numbers to authenticate users of its electronic filing personal identification number application endangers the program's integrity, security experts and tax practitioners said in the wake of a major cyberattack on the agency.
February 18, 2016
The Effect of Profit Shifting on the Corporate Tax Base
by Kimberly A. Clausing
Kimberly A. Clausing summarizes her research estimating the effect of profit shifting on corporate tax base erosion for the United States and other countries
February 17, 2016
Justice Antonin Scalia: Applesauce, Jiggery-Pokery, and the Judicial Fraud of the Negative Commerce Clause
by Eric Yauch and Amy Hamilton
The death of Justice Antonin Scalia deprives the U.S. Supreme Court of a strict constructionist and a gifted writer who could look at a state tax case concerning the dormant commerce clause and find judicial fraud, incoherence, and "ad hocery."
February 9, 2016
Cruz, Trump, and Rubio Should Release Their Tax Returns
by Joseph J. Thorndike
Joseph J. Thorndike discusses why the GOP candidates should release their personal tax returns.
February 8, 2016
Confusion Over Judging Political Activity Still Reigns at IRS
by Paul C. Barton
After Congress brought to a halt IRS development of new rules to govern the involvement of nonprofit groups in political campaigns, the future appears as clouded as ever when it comes to how to regulate the political activities of section 501(c) organizations and especially groups exempt under section 501(c)(4).
February 3, 2016
Getting to Quill: The Path to Overturning an Outdated Supreme Court Decision
by Eric Yauch
Two years before Amazon.com was founded, the U.S. Supreme Court created a barrier that eventually would block states from collecting billions in sales taxes from e-commerce; efforts are underway to bring a direct challenge to the 1992 Quill decision, spurred by frustration over congressional inaction and an invitation from a Supreme Court justice.
February 1, 2016
Was Involvement of Private Foundation in Trump Event Illegal?
by David Cay Johnston
David Cay Johnston argues that while Donald Trump's use of his charitable foundation to further his presidential campaign might not have been illegal, it does show the need for Congress to bring clarity to the law.
January 29, 2016
Sanders Offering Largest U.S. Tax Increases Ever, Group Says
by Paul C. Barton
If he won the presidency, Sen. Bernie Sanders, I-Vt., would bring with him the largest set of proposed tax increases in U.S. history, officials at the Tax Foundation said January 28.
January 28, 2016
David Bowie: Rock Star of Tax Planning
by Ajay Gupta
David Bowie's drive to innovate extended beyond music and fashion to encompass financial engineering and tax planning.
January 27, 2016
Maryland Governor Proposes Corporate Tax Exemption for Some Manufacturers
by Maria Koklanaris
Maryland Gov. Larry Hogan (R) on January 12 introduced a $480 million tax relief package that includes exempting new manufacturers from the 8.25 percent corporate income tax if they locate in certain parts of the state.
January 26, 2016
Return Preparer Bill Stalled Despite AICPA Dropping Objections
by Luca Gattoni-Celli
A Senate Finance Committee tax administration bill has been stalled for months by Republican objections to a provision authorizing the IRS to regulate tax return preparers, despite the apparent acquiescence to the bill of the American Institute of Certified Public Accountants, Senate aides say.
January 22, 2016
Clinton Stays Silent on Step-Up Controversy
by Paul C. Barton
The Obama administration calls it "the single largest capital gains tax loophole" and one that keeps the wealthiest from paying their fair share of taxes, but Democratic presidential candidate Hillary Clinton, an ardent critic of tax advantages for the rich, has been silent about stepped-up basis.
January 14, 2016
India Faces GST Delay After Bill Fails to Pass
by Stephanie Soong Johnston
Implementation of India's long-awaited goods and services tax regime may be delayed after the country's Parliament failed to pass it during its winter session, a practitioner told Tax Analysts December 29.
January 14, 2016
Indian Panel Suggests Tax Rates for New GST Regime
by Stephanie Soong Johnston
Citing a historic opportunity to implement a "game-changing" national goods and services tax system in India, a government-appointed panel on December 4 made several recommendations for the new regime, including a standard rate of 17 to 18 percent.
January 13, 2016
Parents Challenge New Montana Regs Barring Religious Schools From School-Choice Credits
by Brian Bardwell
Only two days after being published, rules barring religious schools from participating in a new Montana tax credit program have become the subject of a First Amendment lawsuit by mothers of students at a Christian school in Kalispell.
January 7, 2016
DOJ Announces Second Largest Penalty Under Swiss Bank Program
by William R. Davis and Tom Kasprzak
Union Bancaire Privée reached a resolution under the Justice Department's Swiss bank program and will pay a penalty of more than $187 million, the second largest penalty for category 2 banks in the program's history, the DOJ announced January 6.
January 4, 2016
'Black Tax' on Estates a Red Herring?
by Stephen K. Cooper and Kaustuv Basu
The estate tax revocation effort has made unlikely allies of repeal-minded Republicans and Democratic Rep. Sanford Bishop Jr. of Georgia, who worries that the tax hinders the economic progress of African-Americans -- but do the data support that claim?
January 4, 2016
Year in Review: The 2015 Tax Person of the Year
With the release of the OECD's base erosion and profit-shifting final reports last October, the fiscal stakes were high for all countries involved during 2015. Representing the United States and its interests at the BEPS negotiating table was Robert Stack, Treasury deputy assistant secretary (international tax affairs) and lead U.S. delegate to the OECD's Committee on Fiscal Affairs. Because of his role in shaping the final BEPS reports and protecting U.S. interests, Stack is Tax Notes' 2015 person of the year.