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The US Internal Revenue Service has for the first time placed information online from applications from charities for tax-exempt status. Read Full Story
On February 22, the US International Trade Commission decided that the US industry is not being materially injured, or threatened with material injury, by reason of imports of truck and bus tires from China. Read Full Story
US President Donald Trump has pointed out that legislation to repeal the Affordable Care Act and its taxes will need to be passed in the US Congress before a tax reform bill can be presented. Read Full Story
At a press briefing on February 21, China's Minister of Commerce, Gao Hucheng, indicated that his country would react were the US to impose a border adjustment tax. Read Full Story
Americans for Affordable Products, a business coalition that opposes the proposed border adjustment tax, has responded to the February 21 letter to leading US lawmakers from the American Made Coalition supporting border adjustability. Read Full Story
Microsoft founder Bill Gates has thrown weight behind a proposal for a tax on companies who automate the jobs of employees who are subsequently laid off. Read Full Story
Apple has claimed that the European Commission erred in its interpretation of Irish law and violated the principle of legal certainty in ordering the recovery of alleged illegal state aid granted to Apple. Read Full Story
The US Internal Revenue Service has decided to continue to allow individual tax returns in the current filing season even if the taxpayer has not indicated their health insurance coverage status. Read Full Story
The Security Summit – a collaboration between the US Internal Revenue Service, tax preparation and software firms, and state tax administrators – has warned tax professionals to be alert to a new phishing email scam where fraudsters impersonate software providers. Read Full Story
The US Internal Revenue Service has confirmed that it has begun to release refunds for individual taxpayers who have claimed the earned income tax credit and additional child tax credit on their tax returns. Read Full Story
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