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Supreme Court vacates tax refund awarded to bank in bankruptcy case →
| | By Roger Russell 3 min read
| | The Supreme Court vacated and remanded Tuesday an appeals court decision that found under federal common law, a tax refund due from a joint tax return generally belongs to the company responsible for the losses that form the basis of the refund, rejecting a nearly half-century-old precedent. | |
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IRS faces challenges with business tax provisions of TCJA →
| | By Michael Cohn 3 min read
| | The Internal Revenue Service is confronting challenges with administering and ensuring compliance with the business provisions of the Tax Cuts and Jobs Act, although it has made a considerable amount of progress in implementing them, according to a new government report. | |
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