The German Official Gazette Aug. 28 announced that the air transport agreement with Rwanda, signed Sept. 24, 2014, entered into force July 16, 2017. [Germany, Official Gazette, 08/28/26] ...

US treaties with Canada and France didn’t create foreign tax credits that can be applied against a taxpayer’s US net ...

The owner of a Texas wind farm built for $399 million recently convinced a court to slash its valuation to $37 million, ...

The Australian Taxation Office Aug. 28 issued guidance for businesses on deductions for depreciating assets and capital expenses. Topics covered include: 1) deductions that businesses can generally ...

The IRS proposed regulations on determining a U.S. shareholder’s pro rata share of a controlled foreign corporation’s (CFC) subpart F income, tested income, or tested loss. The regulations would ...

The IRS issued a private letter ruling on Treas. Reg. §301.9100, granting a taxpayer a 45-calendar-day extension to file original copies of two Forms 3115 for accounting method changes under ...

The IRS Whistleblower Office didn’t abuse its discretion when denying a former stock trader’s request for an award because he didn’t substantially contribute to agency actions, the US Tax Court said ...

The IRS issued a private letter ruling on I.R.C. §§511, 512, and 513 and Treas. Reg. §§1.501(c)(3)-1 and 1.513-1, finding that a state university’s pharmaceutical ingredient development and supply ...

Tax revenue the IRS collects through audits dropped 35% in fiscal 2025, coinciding with the massive staffing loss the agency ...

The Bulgarian Council of Ministers Aug. 27 approved a bill to amend the law ratifying the Convention on Mutual Administrative Assistance in Tax Matters, as amended by the 2010 protocol, ...

The IRS issued a private letter ruling on I.R.C. §§754, 734, and 743 and Treas. Reg. §§301.9100 and 1.754, granting a partnership 120 days to file a section 754 election ...

The IRS has published a private letter ruling on I.R.C. §§2501 and 2601 and Treas. Reg. §26.2601, finding that a court-approved trust settlement and division will not affect the trust’s ...