The Senate Finance Committee approved President Donald Trump's picks for four top positions at the U.S. Treasury Department in a series of party-line votes Thursday, sending their nominations to the full Senate.

A Georgia partnership told the U.S. Tax Court that the IRS erred in denying its $53.9 million deduction for 243 acres donated to a conservation group in 2021, citing an exploration report that said the land co... (more story)

The House Ways and Means Committee passed several bills Wednesday that would impose limits and reporting requirements on tax-exempt organizations, including legislation to require those organizations to report... (more story)

The founder of a Colorado coffee equipment provider induced a California coffee equipment manufacturer and its president to acquire the company by hiding its true tax designation on a loan application, the com... (more story)

A Canadian man living in the United States should remain on the hook for more than $700,000 in penalties for failing to report foreign bank accounts, the U.S. government told a Washington federal court, arguin... (more story)

Members of Congress on Wednesday unveiled a bipartisan bill to legalize, regulate and tax the manufacture and sale of hemp-derived cannabinoid products, while a federal ban on virtually all consumable hemp pro... (more story)

President Donald Trump's temporary global tariff is lawfully authorized under a statute allowing the executive branch to address serious balance-of-payment deficits, a term that can easily be construed to incl... (more story)

As states adopt divergent approaches to prediction market platforms through both legislation and litigation, and the landscape is anything but settled, the emerging patchwork of state taxes on prediction marke... (more story)

Paychex can't proceed in state court with claims against New York tax rules that pertain to certain expense reimbursements to professional employer organizations, an appeals court ruled Thursday, saying it mus... (more story)

An intermediate appellate court in Massachusetts on Wednesday affirmed the permanent revocation of lottery sales licenses for two convenience store owners who allegedly played significant roles in a scheme to ... (more story)

Illinois' new tax on cryptocurrency, the first in the nation, discriminates against those who trade in crypto and is illegal, a trade group argued in a complaint in a state court.

Historic tax credits received for rehabilitating a Missouri building are not considered income subject to St. Louis' earned income tax, a state appeals court affirmed.

The U.S. Department of the Interior is asking the Seventh Circuit to reject a Wisconsin village's appeal that seeks to undo the agency's decision to place 500 acres into trust for the Oneida Nation, arguing th... (more story)

A Delaware bankruptcy judge on Monday rejected a request by the state of California to transfer its tax audit dispute with solar panel company SunPower to a state administrative forum, keeping the matter in th... (more story)

The U.K. government should cut payroll tax for employers that hire workers under 25 since more than 1 million young people are unemployed and outside of education or training, a parliamentary committee says in a report.

Britain's tax authority is carrying out 13 investigations into companies over allegations that they failed to prevent the facilitation of tax fraud, with dozens more under review after criticism that the tax a... (more story)

A proposed class action looking to force Nintendo to reimburse customers for increased costs that were explicitly tied to President Donald Trump's now struck-down tariff regime should be handled in arbitration... (more story)

President Donald Trump Monday unveiled plans for 50% tariffs on a slew of Canadian products, including alcoholic beverages, dairy products and motor vehicles, pointing to "discriminatory treatment of U.S. comm... (more story)

The Trump administration on Monday urged the D.C. Circuit to closely evaluate a Russian court's determination that an underlying arbitration agreement is invalid as it weighs whether to enforce a nearly $5 bil... (more story)

Microsoft Corp. stands to make an "unjustified windfall profit" through refunds of President Donald Trump's now-invalidated global tariff regime, according to a proposed consumer class action removed to Washin... (more story)

A Panamanian trust's deemed residency in Quebec under provincial law doesn't qualify it for an abatement of federal taxes because the trust wasn't a Quebec resident under federal law despite its "sympathetic c... (more story)