The good news: Most taxpayers pay what they owe in full and on time. A report released by the IRS indicates that the nation’s tax compliance rate is holding at 85%, more or less the same as in prior years. The not so good news: New tax gap projections for…

The IRS has appealed the Tax Court’s second decision in Medtronic Inc. v. Commissioner, and the Eighth Circuit’s ruling will have major reverberations for a particularly high-stakes and litigation-prone area of tax law. In early September, the IRS wisely decided to appeal the Tax Court’s decision in Medtronic II, T.C.…

Corrected, Oct. 11: An earlier version of this post reported that Juror 26 remained on the jury. This was an error. The judge initially ruled that all jurors were to remain, but subsequently dismissed Juror 26. ——————————————————————————————————————————- The most important recent development in the government’s long battle against abusive syndicated…

The Department of Justice continues to focus on pandemic-related fraud. This week, a federal grand jury in the Western District of Tennessee returned an indictment charging ten individuals for their roles in schemes to defraud the Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP). Grand Juries…

Professor Jeremy Bearer-Friend of the George Washington University Law School discusses poll taxes in the 20th century and how they were used to target taxpayers based on race and ethnicity. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor…

Former House Speaker Paul Ryan (R-Wis.) recently warned that a “lot of the tax code would be unconstitutional” if the U.S. Supreme Court rules for the petitioners in Moore v. United States, a case that challenges whether Congress may tax “unrealized” income. Among the laws in danger are those that…

As Americans absorb agonizing reports about Hamas’ brutal terrorist attacks on Israeli civilians and Israel’s bombing of Gaza in retaliation, many may want to give to help those suffering. Giving money in times like these can be tricky since, in addition to making sure your dollars are used wisely and…

It’s not a bill for a long-dreamed-of boys’ camp on the Plains, but Frank Capra would probably have appreciated the dramatic possibilities of the events leading up to the proposal of the IRS Accountability and Transparency Act (S. 2981). Standing in for Jimmy Stewart’s fictional Mr. Smith is Senate Finance…

The most important recent development in the government’s long battle against abusive syndicated conservation easements. what I call the industry based on nonsense, has to be the outcome of the trial of Jack Fisher, James Sinnott and Clay Weibel. The jury convicted Fisher and Sinnott on multiple counts, while acquitting…

Are you considering purchasing an electric vehicle but concerned about the price tag? Don’t let sticker shock get you down – if you’re eligible, you can take advantage of the clean energy credit to significantly reduce the cost of your purchase. This credit can be transferred directly to the dealer…