Tax Law News and Insights

Harrington v. Commissioner In Harrington v. Commissioner of Internal Revenue, George S. Harrington (Harrington) challenged tax deficiencies and fraud penalties assessed for tax years 2005 through 2010. The Internal Revenue Service (IRS) opened an examination into Harrington's tax returns after the U.S. Department of Justice (DOJ) and a multinational finance company...

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he US Senate has confirmed Daniel Werfel as the next commissioner of the Internal Revenue Service (IRS). The Senate voted 54-42, achieving bipartisan support for the nominee. Undoubtedly on top of Werfel's priority list will be how to deploy the agency's $80 billion in new funding provided by the Inflation Reduction Act...

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n 2017, Congress passed the Tax Cuts and Jobs Act, which—among other things—placed a $10,000 annual limit on state and local tax (SALT) deductions for federal income tax purposes. In response, most states with a state income tax have passed a version of a PTET to allow SALT payments to...

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