Today news
About the same in other media
Courts Threaten to Undercut IRS Efforts to Go After Tax Shelters
Reading now: 226
A court ruling has weakened one of the Internal Revenue Service’s most powerful tools for policing tax shelters, making it harder for the agency to find people engaging in questionable practices.
The latest decision—which came this month in a case involving Michigan business owners and life-insurance products—could slow the government’s ability to require taxpayers to disclose their participation in aggressive tax shelters, tax lawyers said. It continues a yearslong trend in which courts are requiring that the IRS and Treasury Department follow detailed regulatory procedures that the government and academic experts had long assumed didn’t apply to the tax system.
Read more on wsj.comAbout this in other media
BoE’s Cunliffe warns of ‘VHS vs Betamax’ battle in payments as crypto threatens industry fnlondon.com /2 years ago
Shell U-turn on Cambo oilfield would threaten green targets, say campaigners theguardian.com /2 years ago
Did You Deal in Virtual Currency in 2021? The IRS Wants a Yes or No Answer investopedia.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
