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Peymon 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: taxnotes.co/4rFB3LP

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Tax Notes @taxnotes.com · 28/09/2026

The 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.

taxnotes.com

Extended Outage of Taxpayer Advocate Website Draws Concern | Tax Notes

Tax Notes is the first source of essential daily news, analysis, and commentary for tax professionals whose success depends on being trusted for their expertise.

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Tax Notes @taxnotes.com · 25/09/2026

The 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.

taxnotes.co

IRS Touts Soroban Win in Hedge Fund Giant’s Limited Partner Case | Tax Notes

Tax Notes is the first source of essential daily news, analysis, and commentary for tax professionals whose success depends on being trusted for their expertise.

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Tax Notes @taxnotes.com · 25/09/2026

The 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: taxnotes.co/4AuWvXG

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Tax Notes @taxnotes.com · 23/09/2026

A 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.

taxnotes.com

Firm Protests IRS Treatment of Credit Default Swap Gains | Tax Notes

Tax Notes is the first source of essential daily news, analysis, and commentary for tax professionals whose success depends on being trusted for their expertise.

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Tax Notes @taxnotes.com · 21/09/2026

The 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: taxnotes.co/47fGU0I

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Tax Notes @taxnotes.com · 18/09/2026

The 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: taxnotes.co/4yI42ka

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Tax Notes @taxnotes.com · 16/09/2026

Illinois'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: taxnotes.co/4hecPU8

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Tax Notes @taxnotes.com · 15/09/2026

More 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: taxnotes.co/4gUOC6h

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Tax Notes @taxnotes.com · 14/09/2026

Members 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: taxnotes.co/4xTMdia

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Tax Notes @taxnotes.com · 11/09/2026

Tax 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: taxnotes.co/46RPqCW

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Tax Notes @taxnotes.com · 10/09/2026

The 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: taxnotes.co/46ltcJs

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Tax Notes @taxnotes.com · 09/09/2026

The 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.

taxnotes.com

IRS Scathed as Immigrant Tax Info Sharing Injunction Upheld | Tax Notes

Tax Notes is the first source of essential daily news, analysis, and commentary for tax professionals whose success depends on being trusted for their expertise.

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Tax Notes @taxnotes.com · 08/09/2026

Treasury 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: taxnotes.co/46wbvHn

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Tax Notes @taxnotes.com · 07/09/2026

In 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: taxnotes.co/4d1Oakd

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Tax Notes @taxnotes.com · 04/09/2026

NEW: 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: taxnotes.co/4AerhEr

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Tax Notes @taxnotes.com · 02/09/2026

Following 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: taxnotes.co/4deRybs

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Reposted by Tax Notes

Lauren Loricchio @laurenloricchio.bsky.social · 01/09/2026

A Utah company is pitching investors on a strategy allowing them to 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 investigation in @taxnotes.com bit.ly/4gDe2E4

bit.ly

How Trump’s Big Beautiful Bill Boosted a Tiny-Home Tax Shelter | Tax Notes

Tax Notes is the first source of essential daily news, analysis, and commentary for tax professionals whose success depends on being trusted for their expertise.

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Tax Notes @taxnotes.com · 01/09/2026

A 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: taxnotes.co/4cnTY7s

youtu.be

Tax Notes Investigates: A Look Inside a Tiny-Home Tax Shelter

YouTube video by Tax Notes

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Tax Notes @taxnotes.com · 31/08/2026

The 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.

taxnotes.com

IRS Funding Up in the Air Ahead of Deadline | Tax Notes

Tax Notes is the first source of essential daily news, analysis, and commentary for tax professionals whose success depends on being trusted for their expertise.

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Tax Notes @taxnotes.com · 28/08/2026

The 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: taxnotes.co/4ciLcHT

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Tax Notes @taxnotes.com · 27/08/2026

Microsoft 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: taxnotes.co/3STKPgl

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Tax Notes @taxnotes.com · 26/08/2026

Consumers 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.

taxnotes.com

Gas Tax Holiday Hopes Are Running on Empty | Tax Notes

Tax Notes is the first source of essential daily news, analysis, and commentary for tax professionals whose success depends on being trusted for their expertise.

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Tax Notes @taxnotes.com · 25/08/2026

The 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: taxnotes.co/4hNYvDI

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Tax Notes @taxnotes.com · 24/08/2026

The “Taylor Swift tax” on high-dollar second homes in Rhode Island is facing its first legal challenge. Read more: taxnotes.co/3UfSBkZ

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Tax Notes @taxnotes.com · 21/08/2026

Tax 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: taxnotes.co/4x8noPf

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Tax Notes @taxnotes.com · 20/08/2026

Treasury 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: taxnotes.co/4c19Yfp

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Tax Notes @taxnotes.com · 19/08/2026

The 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: taxnotes.co/4bWa2Nv

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Tax Notes @taxnotes.com · 18/08/2026

The 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: taxnotes.co/4gcQcig

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Tax Notes @taxnotes.com · 14/08/2026

A 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/4wottFZ

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Tax Notes @taxnotes.com · 13/08/2026

A 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. taxnotes.co/45pHdWa

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Tax Notes @taxnotes.com · 12/08/2026

Backers 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: taxnotes.co/4wssTXQ

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Tax Notes @taxnotes.com · 11/08/2026

New 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: taxnotes.co/45YKThy

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Tax Notes @taxnotes.com · 10/08/2026

California’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: taxnotes.co/4wno2qS

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Tax Notes @taxnotes.com · 07/08/2026

"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."

forbes.com

Blaming Canada: Trump Leans On Smoot-Hawley Tariff Authority

Robert Goulder comments on the Trump administration's latest round of punitive tariffs aimed at Canadian imports.

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Tax Notes @taxnotes.com · 06/08/2026

Texas 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: taxnotes.co/4bzsHhV

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Tax Notes @taxnotes.com · 05/08/2026

The 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: taxnotes.co/3RTFqoV

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Tax Notes @taxnotes.com · 04/08/2026

Rep. 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: taxnotes.co/4ga9gie

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Tax Notes @taxnotes.com · 03/08/2026

Inventory 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: taxnotes.co/4w88qrd

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Tax Notes @taxnotes.com · 30/07/2026

The 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: taxnotes.co/4g2YFpl

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Tax Notes @taxnotes.com · 29/07/2026

The injunction halting the sharing of taxpayer information with U.S. Immigration and Customs Enforcement should remain to stop further harm from happening, including wrongful arrests and deportations, a group of organizations argued in federal court. Read more: taxnotes.co/4bLX0C4

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Tax Notes @taxnotes.com · 27/07/2026

One year and one filing season later, how has the "No Tax on Tips" provision of the One Big Beautiful Bill Act affected the workers it was designed to help? In this week's podcast episode, Tax Notes legal reporter Trevor Sikes explains. 👇

buzzsprout.com

'No Tax on Tips’ One Year Later: A Win for Workers? - Tax Notes Talk

Tax Notes legal reporter Trevor Sikes investigated how the qualified tips deduction under the One Big Beautiful Bill Act has affected tipped workers in the year since the law's enactment.Sikes and fel...

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Tax Notes @taxnotes.com · 24/07/2026

"The fact that Trump accounts are part of the tax code isn’t ideal, because they’re not fundamentally a tax policy," Marie Sapirie writes.

forbes.com

The Bells And Whistles Of Trump Accounts

Marie Sapirie examines the launch of Trump accounts and the accompanying educational information on financial literacy.

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Tax Notes @taxnotes.com · 23/07/2026

A group of Senate Democrats has requested that an IRS watchdog investigate reports that former Treasury Assistant Secretary for Tax Policy Kenneth Kies was ousted after raising concerns about alleged presidential interference in audits.

taxnotes.com

Senate Democrats Ask Watchdog to Investigate Kies Departure | Tax Notes

Tax Notes is the first source of essential daily news, analysis, and commentary for tax professionals whose success depends on being trusted for their expertise.

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Tax Notes @taxnotes.com · 22/07/2026

A government watchdog recommended that Treasury and the IRS devise a way to identify public comments submitted using artificial intelligence and improve economic analyses of tax regulations.

taxnotes.com

IRS Unprepared for AI Use in Public Comments, Watchdog Finds | Tax Notes

Tax Notes is the first source of essential daily news, analysis, and commentary for tax professionals whose success depends on being trusted for their expertise.

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Tax Notes @taxnotes.com · 21/07/2026

Developments in the artificial intelligence sector are expected to trigger economic growth, but any noticeable change to federal tax revenues depends largely on how output is allocated, according to a new report.

taxnotes.com

AI’s Impact on Tax Revenues Hard to Estimate, Think Tank Says | Tax Notes

Tax Notes is the first source of essential daily news, analysis, and commentary for tax professionals whose success depends on being trusted for their expertise.

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Tax Notes @taxnotes.com · 20/07/2026

"Against this background of relative opacity, the king’s voluntary disclosure appears to be a welcome change," Robert Goulder writes. "However, upon closer inspection, I’m unimpressed. Something doesn’t seem quite right."

taxnotes.com

‘Don’t Complain, Don’t Explain’ — King Charles III and Tax Transparency | Tax Notes

Robert Goulder comments on the voluntary tax disclosures regarding members of the British royal family.

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