Statute
Internal Revenue Code
1,291 published works
Tax Break Down
Time Is Running Out for Taxpayers Who Paid IRS COVID Penalties and Interest
Individuals and businesses struggled during COVID, and many were unable to keep up with their tax obligations. Thanks to a federal court decision in Kwong v. United States, taxpayers may…
TaxSlaw
“For Want of a Nail” – A Poor Reason to Lose a Charitable Contribution Deduction
By Louis Vlahos
Encourage But Verify “It is more blessed to give than to receive.”[i] Undoubtedly, you’re familiar with the foregoing proverb that seeks to encourage “charitable behavior” among the members of society,…
Taft FinTech Insights Blog
Taxation of Cryptocurrency Staking Update: Tax Court Rules in Paschall v. Commissioner that Rewards are Includable in Gross Income Upon Receipt
By Alexander Keen, Isaac Lodico, Bryan Reyhani, Cristofer Kelman
On June 5, the U.S. Tax Court issued a memorandum opinion in a closely watched case about the taxation of rewards from staked cryptocurrency tokens. In Paschall v. Commissioner, T.C.…
Climate Solutions Legal Digest
Section 45Z Questions Put Producers at Risk
By Doug Jones, Alex Okafor, Joseph Munoz
At a May 28, 2026 public hearing, fuel producers, agricultural stakeholders, and environmental credit companies testified before the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS),…
Spotlight on Benefits
The IRS Makes It Easy for Employers to Set Up an Educational Assistance Plan
The Internal Revenue Service (IRS) recently issued a template plan document that employers can use to establish a qualified educational assistance program under Section 127 of the Internal Revenue Code…
Iowa Tax Cafe Blog
Under Kwong, You May Be Entitled to a Refund or Abatement of Penalties and Interest the IRS Assessed During January 2020 through July 2023
By cedwardsdickinsonlaw-com-dickinson-bradshaw-fo
Taxpayers who were assessed penalties and interest by the IRS during January 20, 2020 through July 10, 2023 may be entitled to refunds or abatements as a result of the…
Whitman Legal Solutions Blog
When it Comes to the Section 199A Deduction, It Doesn’t Matter if a Performing Artist is “Really Terrible”
Founded in Edinburgh more than 30 years ago, the Really Terrible Orchestra – yes, that’s really its name - gives amateur musicians a place to play and perform together. The…
Tax Talks
In Liberty Global, the Tenth Circuit Leaves Taxpayers with an Opinion with Unresolved Questions
By Laura Gavioli, Richard M. Corn, Christine Harlow, Martin T. Hamilton, Amanda H. Nussbaum, Lylah Paine
On April 21, 2026, in Liberty Global, Inc. v. United States, the Tenth Circuit held that the economic substance doctrine was “relevant” and applied to deny Liberty Global, Inc. a…
Canna Law Blog
Marijuana Rescheduling and Income Tax
The DOJ Final Order on marijuana rescheduling dropped last week. Acting Attorney General Todd Blanche ordered that “FDA-approved drug products containing marijuana, as well [as] marijuana in any form covered…
Wills, Trusts & Estates Prof Blog
Article: Foreign Gift Tax Penalties and the Court Opinion That Wasn’t
Bridget J. Crawford (Pace University - School of Law) recently published, Foreign Gift Tax Penalties and the Court Opinion That Wasn't, 2026. Provided below is an Abstract: The Internal Revenue…