A new global survey of corporate tax leaders reveals what’s keeping them up at night—and what’s on the horizon for international tax policy. Deloitte’s 2025 Global Tax Survey, featuring insights from over 1,100 senior finance and tax professionals across 28
👩⚖️Case at a Glance 📅 Issued: April 9, 2025👩 Petitioner: Melissa Correll🏛️ Court: U.S. Tax Court, Judge Siegel📂 Code Sections: 152, 151, 24📘 Tax Year in Dispute: 2021⚖️ Decision: For the IRS (Commissioner) 🧵 The Story Melissa Correll, a Florida
Donating high-value property to charity without proper appraisal documentation could cost you the deduction Your generosity in donating property to charity can yield tax benefits, but it’s crucial to understand that the IRS has specific requirements. A key element for
Proactive Withholding Adjustments Can Prevent Penalties and Ensure Smoother Tax Filing Next Year Don’t wait for tax season surprises! The IRS is actively encouraging taxpayers to review and, if necessary, adjust their paycheck withholdings now. This simple step can help
Rising tariffs and falling shipments from China signal a potential supply shock that could reshape inventory planning, pricing, and job stability across industries. The United States supply chain is currently experiencing significant pressure due to recently imposed tariffs on goods
Accountants: Maximize Inflation Reduction Act Incentives Through Smart Planning Clean energy tax credits are fundamentally changing financial strategies across various industries. The Inflation Reduction Act (IRA) has introduced expanded incentives, presenting businesses with a significant opportunity to reduce their tax
Baseless Claims Against IRS Prove Costly for Georgia Teacher Taxpayers who present frivolous arguments in tax disputes face significant financial penalties, a lesson reinforced by a recent U.S. Tax Court decision. In Swanson v. Commissioner (TC Memo 2024-105, Nov. 12,
Navigate Complex Depreciation Rules, Including Yacht Chartering Specifics Understanding when business property is considered “placed in service” is crucial for accurate tax planning and claiming depreciation deductions. This timing can be particularly nuanced in unique business scenarios, such as the
Ensure Compliance, Avoid Penalties, and Become a Trusted Payroll Expert For accounting professionals managing clients with operations across multiple states, staying current with state-level payroll tax responsibilities is paramount. State Unemployment Insurance (SUI) and State Income Tax (SIT) are two
Acting Commissioner Faulkender Steps In Amid Questions Over Long’s Financial Disclosures Billy Long, President Trump’s nominee to lead the Internal Revenue Service (IRS), is under increased scrutiny following disclosures that he used recent campaign donations to repay a personal loan