Narrow Self-Employment Tax Analysis Nixed by Appeals Court

State-law limited partners can qualify for an exemption from self-employment taxes on their distributive shares of income without the Tax Court analyzing case-by-case whether they operate as passive investors, the Fifth Circuit ruled Friday.

OECD Deal Success Hinges on Implementation, Rep. Estes Says

Making Sense of the Global Tax Carve-Out for US Companies

PwC Coaches New Tax Associates on AI Tools in US Training Effort

Tariffs, Big Audits, Roil Transfer Pricing Heading Into New Year

Bloomberg Tax Journals

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From Tax Court to SCOTUS: Cases That May Reshape Tax Law in 2026

Key tax cases in 2026 will address economic substance, limited partnerships’ distributive shares in calculating self-employment tax, and the nondelegation doctrine related to executive authority.

India’s New Tax Act Reshapes the Fiscal Landscape for Businesses

India’s Income Tax Act, 2025, introduces a new era of digital enforcement and enhanced administrative powers and fundamentally reshapes certain long-standing tax principles.

Expatriates, Cross-Border Workers Must Plan for Social Security

International workers and retirees must consider a complex array of factors in planning for future Social Security entitlement, including totalization agreements, work impacts, foreign benefits, timing, location, taxation, and Medicare changes.

Tax Developments

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IRS Rev. Proc.: Providing Guidance on IRC §501(c) Organizations Obtaining Group Basis Exemptions (IRC §501)

The IRS released guidance setting forth updated procedures to obtain recognition of exemption from federal income tax on a group basis for organizations described in I.R.C. §501(c) that are affiliated ...

IRS Rev. Rul.: Private Activity Bond Rules Do Not Apply, Others Do, for Tax-Exempt Qualification (IRC §149)

The IRS released a revenue ruling holding that because bonds issued by the Alaska Railroad Corporation (Railroad Corporation) to finance the construction, acquisition, and improvement of certain property constitutes an ...

IRS Rev. Rul.: Prescribed Federal Rates for February 2026 (IRC §1274)

The IRS released a revenue ruling providing various prescribed rates for federal income tax purposes for Feb. 2026, including: 1) the applicable federal interest rates; 2) the adjusted applicable federal ...

IRS Shakeup: How Is the US Tax Agency Adapting to Trump's Vision?

Since President Donald Trump took office, the IRS has faced transformative changes, including a substantial reduction in its workforce and the appointment of seven different commissioners or acting commissioners.

Latest Stories

China Deepens Probe Into PDD After Fistfights With Regulators

China has broadened a probe into PDD Holdings Inc. after its employees exchanged blows with regulators, dispatching over 100 investigators from various agencies to the company’s Shanghai headquarters in recent weeks, according to people familiar with the matter.

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