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News, commentary, analysis | taxnotes.com Nonpartisan nonprofit. https://bsky.app/profile/taxnotes.comhttps://bsky.app/profile/taxnotes.com/post/3mx5hjofzmd2gThe IRS Criminal Investigation division spent $40 million assigning special agents to task forces on immigration and local law enforcement, shifting resources away from tax-related investigations, an agency watchdog found. https://taxnotes.co/4y69IUy05 Oct 2026 17:40 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mx5hjofzmd2ghttps://bsky.app/profile/taxnotes.com/post/3mww6j5gkfm2oAll children eligible for a Trump account have been automatically enrolled in the program, resulting in tens of millions of new accounts, according to Treasury. https://www.taxnotes.com/tax-notes-today-federal/one-big-beautiful-bill-act-obbba/millions-trump-accounts-created-new-auto-enrollment/2026/10/02/7wqy802 Oct 2026 20:10 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mww6j5gkfm2ohttps://bsky.app/profile/taxnotes.com/post/3mwtgbnbg3j2mThe IRS had just two open cases related to PPLI — a type of life insurance that helps wealthy investors avoid income taxes — after it had received a funding boost from the Inflation Reduction Act, according to IRS documents obtained by Tax Notes. Read more: https://taxnotes.co/4hAaRxv01 Oct 2026 17:51 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mwtgbnbg3j2mhttps://bsky.app/profile/taxnotes.com/post/3mwrk3rw2mj2zPeymon Mottahedeh's “tax truth” organization is one of many groups taking advantage of the explosive growth of social media to promote misleading tax strategies. While Mottahedeh has managed to avoid prison, some of his followers haven't been as lucky. Read more: https://taxnotes.co/4rFB3LP30 Sep 2026 23:54 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mwrk3rw2mj2zhttps://bsky.app/profile/taxnotes.com/post/3mwluidkqaf2nThe website of the Taxpayer Advocate Service has been suffering from technical issues for a week, sparking concerns that taxpayers and tax professionals don’t have proper access to necessary resources. https://www.taxnotes.com/tax-notes-today-federal/online-services-and-cloud-computing/extended-outage-taxpayer-advocate-website-draws-concern/2026/09/28/7wqbr28 Sep 2026 17:44 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mwluidkqaf2nhttps://bsky.app/profile/taxnotes.com/post/3mwdvdonw3d2vThe Tax Court should follow the Second Circuit’s Soroban opinion — and reject the Fifth Circuit’s revised opinion in Sirius — in a limited partner case brought by billionaire hedge fund manager Steve Cohen, the IRS asserted in a new filing. https://taxnotes.co/4hnjDie25 Sep 2026 13:38 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mwdvdonw3d2vhttps://bsky.app/profile/taxnotes.com/post/3mwchl6r7zj26The idea of creating a universal federal savings account for children has been around for decades, but it was ultimately two Republicans who got it over the finish line. Read how a hedge fund manager spun up Trump accounts in record time: https://taxnotes.co/4AuWvXG24 Sep 2026 23:59 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mwchl6r7zj26https://bsky.app/profile/taxnotes.com/post/3mw7cd4h3f62sA Texas investment management firm is contesting the IRS’s position that it improperly deferred gains from credit default swaps that hedged deferred performance fees during the global financial crisis. https://www.taxnotes.com/tax-notes-today-federal/accounting-periods-and-methods/firm-protests-irs-treatment-credit-default-swap-gains/2026/09/23/7wpwc23 Sep 2026 17:47 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mw7cd4h3f62shttps://bsky.app/profile/taxnotes.com/post/3mw2pslg4uy2pThe IRS proposed a draft version of Form 1040 that includes a question asking taxpayers whether they were U.S. citizens at the time of filing. Read more: https://taxnotes.co/47fGU0I21 Sep 2026 22:05 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mw2pslg4uy2phttps://bsky.app/profile/taxnotes.com/post/3mvswwcw2me2yThe IRS was slow to raise awareness of its procedures for phasing out the use of paper checks last filing season, contributing to confusion for some taxpayers, according to an agency watchdog. Read more: https://taxnotes.co/4yI42ka18 Sep 2026 19:51 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mvswwcw2me2yhttps://bsky.app/profile/taxnotes.com/post/3mvnovbsbjz2dIllinois's new social media platform fee and digital advertising tax violate the U.S. Constitution and federal law, according to suits filed by a nonprofit trade organization. Read more: https://taxnotes.co/4hecPU816 Sep 2026 17:44 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mvnovbsbjz2dhttps://bsky.app/profile/taxnotes.com/post/3mvlaexuimg2eMore than six months after the Affordable Care Act premium enhanced tax credits expired, congressional lawmakers are no closer to advancing legislative efforts to reintroduce the popular subsidies as the 2026 midterm elections near. Read more: https://taxnotes.co/4gUOC6h15 Sep 2026 18:19 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mvlaexuimg2ehttps://bsky.app/profile/taxnotes.com/post/3mvipe6laty2yMembers of the District of Columbia City Council will be considering a tax on luxury secondary homes as a way to shore up long-term funding for the District. Read more: https://taxnotes.co/4xTMdia14 Sep 2026 18:09 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mvipe6laty2yhttps://bsky.app/profile/taxnotes.com/post/3mvbbi3a4oo2yTax experts are worried that President Trump’s plan to disburse a $5,000 dividend to every adult citizen in the United States would raise the budget deficit by over $1 trillion. Read more: https://taxnotes.co/46RPqCW11 Sep 2026 19:12 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mvbbi3a4oo2yhttps://bsky.app/profile/taxnotes.com/post/3mv6mpkuq5627The IRS has spent decades and billions of dollars working to complete its CADE 2 modernization project, which has faced cost overruns and delays as well as setbacks caused by DOGE, former IRS employees say. It's unclear when the projects will be completed. Read more: https://taxnotes.co/46ltcJs10 Sep 2026 17:55 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mv6mpkuq5627https://bsky.app/profile/taxnotes.com/post/3mv3y476udv2pThe D.C. Circuit upheld an injunction stopping the IRS from further disclosing taxpayer information related to government immigration actions, finding that its procedures likely broke the law. https://www.taxnotes.com/featured-news/irs-scathed-immigrant-tax-info-sharing-injunction-upheld/2026/09/08/7wnh909 Sep 2026 16:41 +0000at://did:plc:ibqo2uvozgnwpf2typqw77oo/app.bsky.feed.post/3mv3y476udv2phttps://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/3mttqr2d3bq2i