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Latest posts by Bloomberg Tax @bloombergtax.com

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Learn to Self-Correct Fraud Before the IRS Knocks on Your Door Opinion: Taxpayers who may have committed fraud can take steps to reduce their risk and mitigate the consequences.

Opinion: Taxpayers who may have committed fraud can take steps to reduce their risk and mitigate the consequences.

07.03.2026 02:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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FIFA 2026 World Cup Blows the Whistle on Complex Tax Risks The 2026 World Cup highlights the complexities of applying international tax treaties and social security and totalization agreements in international sports.

The 2026 World Cup highlights the complexities of applying international tax treaties and social security and totalization agreements in international sports.

06.03.2026 23:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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Tax Courtโ€™s Rigid Deadline Stance Cracks With Appellate Pressure After three federal appeals courts reversed the US Tax Courtโ€™s longstanding position that it lacks the power to pause a key 90-day window taxpayers have to challenge the IRS, practitioners believe reconsideration is on the table.

After three federal appeals courts reversed the US Tax Courtโ€™s longstanding position that it lacks the power to pause a key 90-day window taxpayers have to challenge the IRS, practitioners believe reconsideration is on the table.

06.03.2026 20:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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Trump Account Proposed Rules From IRS at White House Review (1) Proposals to implement so-called โ€œTrump accountsโ€ are one step closer to being released.

Proposals to implement so-called โ€œTrump accountsโ€ are one step closer to being released.

06.03.2026 17:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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Bringing It Home: New Tax Law Draws Companiesโ€™ IP Back to US Several American multinationals are moving forward with plans to bring their valuable intangible property back home, enticed by new tax benefits the US has to offer.

Several American multinationals are moving forward with plans to bring their valuable intangible property back home, enticed by new tax benefits the US has to offer.

06.03.2026 14:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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Brothers Sue Seller of Tribal Tax Credits IRS Says Donโ€™t Exist Two brothers are suing the distributors of tax credits that the Treasury Department and IRS have confirmed arenโ€™t real.

Two brothers are suing the distributors of tax credits that the Treasury Department and IRS have confirmed arenโ€™t real.

06.03.2026 11:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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Washington State Waives Penalties Under Digital Advertising Tax Washington is temporarily waiving financial penalties for taxpayers struggling to comply with the stateโ€™s new tax on digital advertising and other technology services, acknowledging the transition has been โ€œchallenging for many businesses.โ€

Washington is temporarily waiving financial penalties for taxpayers struggling to comply with the stateโ€™s new tax on digital advertising and other technology services, acknowledging the transition has been โ€œchallenging for many businesses.โ€

06.03.2026 08:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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Australia Pension Fund Tax Bill Advances After House Approval An Australian government bill to raise taxes on wealth retirement fund owners easily passed the Lower House of Parliament on Thursday.

An Australian government bill to raise taxes on wealth retirement fund owners easily passed the Lower House of Parliament on Thursday.

06.03.2026 05:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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Puerto Rico Shift From Zero to Low Tax Rate Enhances Viability Opinion: Puerto Rico's introduction of a 30-year statutory horizon for the 4% tax rate reduces policy uncertainty and enhances modeling stability for long-term relocation and estate planning strategies.

Opinion: Puerto Rico's introduction of a 30-year statutory horizon for the 4% tax rate reduces policy uncertainty and enhances modeling stability for long-term relocation and estate planning strategies.

06.03.2026 02:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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DOJ Urges Coca-Cola Court Against Relying on 3M Tax Dispute Win The Eleventh Circuit shouldnโ€™t use 3M Co.'s recent tax case victory to give Coca-Cola Co. a win in the companyโ€™s transfer pricing dispute with the IRS, the Department of Justice argued for the tax agency in a new filing.

The Eleventh Circuit shouldnโ€™t use 3M Co.'s recent tax case victory to give Coca-Cola Co. a win in the companyโ€™s transfer pricing dispute with the IRS, the Department of Justice argued for the tax agency in a new filing.

05.03.2026 23:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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IRS Adds Capital Gains Scam to โ€˜Dirty Dozenโ€™ List of Schemes The IRS released its annual โ€˜dirty dozenโ€™ list of tax scams for 2026 Thursday, warning about a handful of new and old schemes used against taxpayers.

The IRS released its annual โ€˜dirty dozenโ€™ list of tax scams for 2026 Thursday, warning about a handful of new and old schemes used against taxpayers.

05.03.2026 20:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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US Tax Carveout Is a Good Step Toward Needed Cross-Border Work Opinion: Although the OECD and US' side-by-side agreement will help economic relations, both Pillar Two and the US tax system need further reforms.

Opinion: Although the OECD and US' side-by-side agreement will help economic relations, both Pillar Two and the US tax system need further reforms.

05.03.2026 17:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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AI Efficiency Gains Push Accounting Firms to Reimagine Pricing Top US accounting firms are developing future pricing models for corporate clients as they pour billions of dollars into artificial intelligence tools that stand to slash billable hours with promised leaps in productivity.

Top US accounting firms are developing future pricing models for corporate clients as they pour billions of dollars into artificial intelligence tools that stand to slash billable hours with promised leaps in productivity.

05.03.2026 14:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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QuikTripโ€™s Constitutional Fight Over Missouri Cityโ€™s Tax Tossed QuikTrip Corp. canโ€™t bypass the administrative proceedings it initiated over a St. Louis suburbโ€™s tourism tax in order to get a court to declare it unconstitutional, a Missouri appeals court ruled.

QuikTrip Corp. canโ€™t bypass the administrative proceedings it initiated over a St. Louis suburbโ€™s tourism tax in order to get a court to declare it unconstitutional, a Missouri appeals court ruled.

05.03.2026 11:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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India Court Decisions on MLI Require Separate Notifications Indiaโ€™s 2020 MLI implementation faces challenges due to court rulings requiring separate notification for each modified tax treaty.

Indiaโ€™s 2020 MLI implementation faces challenges due to court rulings requiring separate notification for each modified tax treaty.

05.03.2026 08:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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Future Global Tax Talks Must Clearly Define the Problem to Solve Opinion: Any new discussions about proposals to fix the digital economy's tax challenges must start with an agreement on exactly what those challenges are.

Opinion: Any new discussions about proposals to fix the digital economy's tax challenges must start with an agreement on exactly what those challenges are.

05.03.2026 05:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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US Audit Enforcement Plunges Under Interim Watchdog Leader (1) Auditor enforcement cases fell sharply in 2025 as their US regulator prepared for new leadership and an agenda reset.

Auditor enforcement cases fell sharply in 2025 as their US regulator prepared for new leadership and an agenda reset.

05.03.2026 02:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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Maryland Seeks Carveouts on Tech Sales Tax to Avoid Job Loss Maryland lawmakers are considering legislation to spare business inputs from the stateโ€™s new 3% tax on data and information technology services, addressing a chief complaint from the business community over repeat taxation.

Maryland lawmakers are considering legislation to spare business inputs from the stateโ€™s new 3% tax on data and information technology services, addressing a chief complaint from the business community over repeat taxation.

04.03.2026 23:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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IRS CEO, Democratic Lawmakers Spar Over Privacy, Union (1) Democratic lawmakers pressed IRS CEO Frank Bisignano on the agencyโ€™s controversial data-sharing agreement and its termination of its union contract during the agencyโ€™s first public update amid the 2026 filing season.

Democratic lawmakers pressed IRS CEO Frank Bisignano on the agencyโ€™s controversial data-sharing agreement and its termination of its union contract during the agencyโ€™s first public update amid the 2026 filing season.

04.03.2026 20:00 ๐Ÿ‘ 1 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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Trumpโ€™s IRS Lawsuit Offers Lessons on Privacy and Legal Process Opinion: President Donald Trump's $10 billion lawsuit against the IRS should reinforce several lessons that extend well beyond this case, including that taxpayer privacy is fundamental.

Opinion: President Donald Trump's $10 billion lawsuit against the IRS should reinforce several lessons that extend well beyond this case, including that taxpayer privacy is fundamental.

04.03.2026 17:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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IRS CEO to Face House Panel as Tax Season Ramps Up: Explained IRS CEO Frank Bisignano will be in the hot seat Wednesday on Capitol Hill for the first time since taking over a newly created role at the agency.

IRS CEO Frank Bisignano will be in the hot seat Wednesday on Capitol Hill for the first time since taking over a newly created role at the agency.

04.03.2026 14:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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Linen Sanitizing Machinery Is Tax-Exempt, Arizona Justices Rule Equipment for sanitizing linens for health-care settings falls under an Arizona use tax exemption even if the company also leases those clean linens, the state high court ruled Tuesday.

Equipment for sanitizing linens for health-care settings falls under an Arizona use tax exemption even if the company also leases those clean linens, the state high court ruled.

04.03.2026 11:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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India Budget Paved Way for Tech Investment with Tax Certainty Opinion: India's Budget 2026โ€“27 signals the government's strategic intent to attract foreign capital, secure supply-chain resilience, and ensure that India remains a competitive technology hub.

Opinion: India's Budget 2026โ€“27 signals the government's strategic intent to attract foreign capital, secure supply-chain resilience, and ensure that India remains a competitive technology hub.

04.03.2026 08:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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California SALT Deduction Proposal Is More Clever Than Helpful Opinion: A proposal to reclassify California's vehicle sales tax as a licensing fee would do little to change its "donor state" status and benefit only a small group of wealthy Californians.

Opinion: A proposal to reclassify California's vehicle sales tax as a licensing fee would do little to change its "donor state" status and benefit only a small group of wealthy Californians.

04.03.2026 05:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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IRS Investigators Are Fighting Mission Drift Alongside Criminals Opinion: The IRS Criminal Investigation Division is facing unprecedented pressure as it battles increasingly savvy cybercriminals during a time of upheaval and downsizing at the agency.

Opinion: The IRS Criminal Investigation Division is facing unprecedented pressure as it battles increasingly savvy cybercriminals during a time of upheaval and downsizing at the agency.

04.03.2026 02:00 ๐Ÿ‘ 1 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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US Firms Likely to See Relief From Global Minimum Tax Dilemma American companies are feeling the pinch of the global minimum tax, but their bills will shrink after a US exemption from the levy kicks in and countries begin to offer new tax incentives to maintain foreign investment.

American companies are feeling the pinch of the global minimum tax, but their bills will shrink after a US exemption from the levy kicks in and countries begin to offer new tax incentives to maintain foreign investment.

03.03.2026 23:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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Billionaire Tax Backlash Fuels Primary Challenge to Khanna (1) Representative Ro Khanna is facing backlash from billionaires for supporting a California wealth tax. Now a tech entrepreneur wants to turn that anger into a June primary challenge for Khannaโ€™s Silicon Valley seat.

Representative Ro Khanna is facing backlash from billionaires for supporting a California wealth tax. Now a tech entrepreneur wants to turn that anger into a June primary challenge for Khannaโ€™s Silicon Valley seat.

03.03.2026 20:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 1 ๐Ÿ“Œ 0
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Cruz, Scott Seek Capital Gains Tax Cut, Skirting Congress GOP senators want Treasury Secretary Scott Bessent to provide additional tax relief on capital gains without going to Congress in hopes of boosting the housing supply.

GOP senators want Treasury Secretary Scott Bessent to provide additional tax relief on capital gains without going to Congress in hopes of boosting the housing supply.

03.03.2026 17:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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Trumpโ€™s Tariff Campaign Leaves Companies Rethinking Asset Values Volatile US trade policy is hitting corporate balance sheets, forcing companies to reassess whether assets like goodwill and inventory are still worth what managers paid for them.

Volatile US trade policy is hitting corporate balance sheets, forcing companies to reassess whether assets like goodwill and inventory are still worth what managers paid for them.

03.03.2026 14:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0
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Colleges Await Looming IRS Guidance on Race and Admissions Private colleges and universities with programs aimed to benefit racial minorities are girding themselves for new rules governing their tax-exempt status after a year of increased scrutiny by President Donald Trump.

Private colleges and universities with programs aimed to benefit racial minorities are girding themselves for new rules governing their tax-exempt status after a year of increased scrutiny by President Donald Trump.

03.03.2026 11:00 ๐Ÿ‘ 0 ๐Ÿ” 0 ๐Ÿ’ฌ 0 ๐Ÿ“Œ 0