Your #1 source for everything tax. News, commentary, analysis | taxnotes.com Nonpartisan nonprofit. https://bsky.app/profile/taxnotes.comhttps://bsky.app/profile/taxnotes.com/post/3muzbhdongy2kTreasury told a group of Democrats that it has no intention of modifying a so-called loophole providing taxpayers with a low-cost valuation method for the personal use of corporate jets. Read more: https://taxnotes.co/46wbvHn08 Sep 2026 14:50 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3muzbhdongy2khttps://bsky.app/profile/taxnotes.com/post/3muwwvfhi7t2dIn this #ProcedurallyTaxing perspective, Kimberly Tyson examines a case involving artificial intelligence chat logs as proof of intent, and she points out the need for taxpayers to implement AI use protocols. Read more: https://taxnotes.co/4d1Oakd07 Sep 2026 16:36 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3muwwvfhi7t2dhttps://bsky.app/profile/taxnotes.com/post/3mup4acx73l24NEW: This week on Tax Notes Talk, Capitol Hill reporter @cadystanton.bsky.social previews what to expect from Congress this fall, from IRS funding to the possibility of a lame-duck tax package. 🎧 Listen wherever you get your podcasts: https://taxnotes.co/4AerhEr04 Sep 2026 13:50 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mup4acx73l24https://bsky.app/profile/taxnotes.com/post/3mun7csbsot2zFormer Large Business and International Division Commissioner Holly Paz, who was pushed out of the IRS following pressure from conservatives, has joined the consulting firm Alliantgroup LP. Read more: https://taxnotes.co/4iaYyd103 Sep 2026 19:40 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mun7csbsot2zhttps://bsky.app/profile/taxnotes.com/post/3muke4ivbnn2vFollowing last year’s release of the One Big Beautiful Bill Act to seemingly mixed reviews, President Trump has greenlit a sequel: tax incentives for the entertainment industry. Read more: https://taxnotes.co/4deRybs02 Sep 2026 16:28 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3muke4ivbnn2vhttps://bsky.app/profile/taxnotes.com/post/3muhplbgt2v2fA Utah company is pitching investors on a strategy that promises they can avoid income taxes while helping disaster victims. The deal might be too good to be true, but that isn't stopping some tax professionals from promoting it. Read the full investigation: https://taxnotes.co/4cnTY7s https://youtu.be/9opDPkolh5A?si=8uCOGdbgvLLlK-tr01 Sep 2026 15:15 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3muhplbgt2v2fhttps://bsky.app/profile/taxnotes.com/post/3mufeaolhj427The levels of both mandatory and discretionary funding for the IRS face an uncertain future as Congress returns from its August recess, and the fate of the agency’s annual funding likely won’t be determined until the end of the year. https://www.taxnotes.com/tax-notes-today-federal/budgets/irs-funding-air-ahead-deadline/2026/08/31/7wm6x31 Aug 2026 16:47 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mufeaolhj427https://bsky.app/profile/taxnotes.com/post/3mu5xpgnq2q2tThe denial of a section 41 research credit claim tied to Publix Super Markets’ software and food product development has led to a multimillion-dollar lawsuit with the IRS. Read more: https://taxnotes.co/4ciLcHT28 Aug 2026 18:14 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mu5xpgnq2q2thttps://bsky.app/profile/taxnotes.com/post/3mu3h2ypxus2fMicrosoft co-founder Bill Gates renewed his push for a tax on artificial intelligence tokens and robots, citing the potential impact of the industry’s rapid technology transition on the labor market. Read more: https://taxnotes.co/3STKPgl27 Aug 2026 18:10 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mu3h2ypxus2fhttps://bsky.app/profile/taxnotes.com/post/3mtz4js3l6l2iConsumers have tolerated higher-than-usual gas prices for much of the year, but a federal gas tax holiday doesn’t appear to be coming anytime soon — even with bipartisan backing. https://www.taxnotes.com/tax-notes-today-federal/excise-taxes/gas-tax-holiday-hopes-are-running-empty/2026/08/26/7wk4726 Aug 2026 19:57 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mtz4js3l6l2ihttps://bsky.app/profile/taxnotes.com/post/3mtwbyzpyoo2kThe National Treasury Employees Union is mounting a legal challenge against the IRS’s suspension of advanced leave on the grounds that the agency lacks a Senate-confirmed leader. Read more: https://taxnotes.co/4hNYvDI25 Aug 2026 16:57 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mtwbyzpyoo2khttps://bsky.app/profile/taxnotes.com/post/3mttqr2d3bq2iThe “Taylor Swift tax” on high-dollar second homes in Rhode Island is facing its first legal challenge. Read more: https://taxnotes.co/3UfSBkZ24 Aug 2026 16:43 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mttqr2d3bq2ihttps://bsky.app/profile/taxnotes.com/post/3mtmepwtrvu2iTax professionals welcome the prospect of minimum standards for tax return preparers and higher penalties for bad actors but are skeptical that the measures will make a dent in fraud without proper enforcement. Read more: https://taxnotes.co/4x8noPf21 Aug 2026 18:19 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mtmepwtrvu2ihttps://bsky.app/profile/taxnotes.com/post/3mtjxpuwtl52mTreasury and the IRS released proposed regulations targeting nonqualified immigrants’ ability to receive refunds from certain tax credits as part of the Trump administration’s immigration crackdown. Read more: https://taxnotes.co/4c19Yfp20 Aug 2026 19:21 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mtjxpuwtl52mhttps://bsky.app/profile/taxnotes.com/post/3mthanx5oew2aThe Justice Department is aiming to use the Fifth Circuit’s revised opinion on the limited partner exception to boost its position in a similar case, Soroban Capital Partners LP v. Commissioner, pending in the Second Circuit. Read more: https://taxnotes.co/4bWa2Nv19 Aug 2026 17:23 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mthanx5oew2ahttps://bsky.app/profile/taxnotes.com/post/3mtetbte6xy27The possible striking down of the revenue code’s 158-year-old ban on home spirits distilling could increase revenue collection and pave the way for reviving an American pastime, according to those close to the issue. Read more: https://taxnotes.co/4gcQcig18 Aug 2026 18:18 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mtetbte6xy27https://bsky.app/profile/taxnotes.com/post/3mtc5sbprvc2iNana Ama Sarfo explores section 250 of the U.K.'s Crime and Policing Act and ways in which the rule expands corporate criminal liability for firms. Read more: https://www.forbes.com/sites/taxnotes/2026/08/17/raising-the-stakes-tax-firms-and-the-uk-senior-manager-attribution-rule/17 Aug 2026 16:48 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mtc5sbprvc2ihttps://bsky.app/profile/taxnotes.com/post/3mt2gdqikxm2fA cybercriminal accessed sensitive personal data on individual and business taxpayers on the French tax authority's internal servers, the French government confirmed. Read more: taxnotes.co/4wottFZ14 Aug 2026 15:00 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mt2gdqikxm2fhttps://bsky.app/profile/taxnotes.com/post/3msxvus57lr2oA White House-mandated scrubbing of the IRS’s Internal Revenue Manual has gone from bad to worse for tax guidance seekers, as critical information disappears with no discernible timeline for when — or if — it might ever return. https://taxnotes.co/45pHdWa13 Aug 2026 15:00 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3msxvus57lr2ohttps://bsky.app/profile/taxnotes.com/post/3msvffufbjs2dBackers of the November ballot measure to repeal Washington's new millionaire tax have failed to secure changes to the official description that will go to voters. Read more: https://taxnotes.co/4wssTXQ12 Aug 2026 15:00 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3msvffufbjs2dhttps://bsky.app/profile/taxnotes.com/post/3msta4jpav62iNew York City's implementation of the new surcharge on luxury secondary homes violates state law and creates confusion for those who don’t owe the tax, three city residents allege in their suit. Read more: https://taxnotes.co/45YKThy11 Aug 2026 18:20 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3msta4jpav62ihttps://bsky.app/profile/taxnotes.com/post/3msqlmu65hq2mCalifornia’s billionaire wealth tax measure could generate up to $100 billion in revenue if approved, but it’s hard to gauge whether it would drive billionaires out of the state, according to a progressive think tank. Read more: https://taxnotes.co/4wno2qS10 Aug 2026 17:08 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3msqlmu65hq2mhttps://bsky.app/profile/taxnotes.com/post/3msioil2ddq2c"Fundamentally, the Trump administration is upset that Canada, over the past year, has stood its ground and retaliated when provoked," Robert Goulder argues. "That’s no more than we should expect of any sovereign nation." https://www.forbes.com/sites/taxnotes/2026/08/03/blaming-canada-trump-leans-on-smoot-hawley-tariff-authority/07 Aug 2026 13:38 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3msioil2ddq2chttps://bsky.app/profile/taxnotes.com/post/3msgijuknrv2cTexas Gov. Greg Abbott (R) has directed state regulators to audit proposed data center projects that seek to connect to the state’s electric grid, including identifying tax incentives or other public financial assistance they may be receiving. Read more: https://taxnotes.co/4bzsHhV06 Aug 2026 16:46 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3msgijuknrv2chttps://bsky.app/profile/taxnotes.com/post/3msehevfuii27The latest set of tariffs imposed by the Trump administration aren’t lawful and are increasing administrative costs for states, according to a new lawsuit filed by Oregon and 24 other states. Read more: https://taxnotes.co/3RTFqoV05 Aug 2026 21:20 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3msehevfuii27https://bsky.app/profile/taxnotes.com/post/3msbq7gj67a2xRep. Suhas Subramanyam, D-Va., is asking the IRS to remove administrative hurdles for married couples filing jointly that can lead to processing delays or lost tax payments. Read more: https://taxnotes.co/4ga9gie04 Aug 2026 19:20 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3msbq7gj67a2xhttps://bsky.app/profile/taxnotes.com/post/3ms77zhcqwr2uInventory tax accounting rules and economic performance recognition timing principles will help businesses affected by the recent contaminated lettuce recalls recover their related costs, according to tax professionals who spoke with Tax Notes. Read more: https://taxnotes.co/4w88qrd03 Aug 2026 19:25 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3ms77zhcqwr2uhttps://bsky.app/profile/taxnotes.com/post/3mrx265stkd23"Graham Platner’s Senate campaign ended in disgrace," @joethorndike.bsky.social writes. "But it still has something to teach his fellow Democrats — especially about taxes." https://www.forbes.com/sites/taxnotes/2026/07/27/platner-is-gone-but-his-billionaire-tax-plan-still-matters/31 Jul 2026 13:19 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mrx265stkd23https://bsky.app/profile/taxnotes.com/post/3mruvrkj22c2fThe future is unclear for a House-passed, bipartisan bill that would expand a tax deduction to early childhood educators, because the Senate is swapping it out for sanctions legislation championed by Lindsey Graham, the late Republican senator. Read more: https://taxnotes.co/4g2YFpl30 Jul 2026 16:55 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mruvrkj22c2f