Social Media Ideas for Tax Practice And Procedure

Mandatory Electronic Filing and Standardization of Employee Plans Letter Rulings: An Analysis of Revenue Procedure 2026-...

Rev. Proc. 2026-30, August 5, 2026. On September 4, 2026, a significant shift in tax administration takes effect for practitioners representing qualified retirement plans and...

ITR filing 2026: Tax Audit Season is here -- businesses, professionals: Who needs audit this month?

The presumptive taxation scheme is designed to simplify tax compliance for eligible taxpayers. Instead of maintaining detailed books of account and calculating actual profits, taxp...

Procedural Lapse Cannot Defeat Substantive Tax Benefit: Telangana High Court Restores Section 115BAA Benefit Despite Del...

Procedural Lapse Cannot Defeat Substantive Tax Benefit: Telangana High Court Restores Section 115BAA Benefit Despite Delay in Filing Form 10-IC   A Landmark Judgment on “Genuine Ha...

Townsend: Federal Tax Procedure 2026

Jack Townsend, formerly an adjunct tax professor at the University of Houston Law School, has posted to SSRN annual editions of his Federal Tax Procedure book: Student 2026 Edition...

No Tax, No Penalty: ITAT Mumbai Draws the Line on Section 270A Penalties for Charitable Trusts

No Tax, No Penalty: ITAT Mumbai Draws the Line on Section 270A Penalties for Charitable Trusts   The introduction of Section 270A of the Income-tax Act marked a significant shift i...

Administrative Simplification of Accounting Method Changes for Research Expenditures and Residential Construction Contra...

Rev. Proc. 2026-32, September 4, 2026 The Department of the Treasury and the Internal Revenue Service (IRS) issued Revenue Procedure 2026-32 to provide updated administrative...

Navigating the AICPA’s New Tax Services Independence Standards: A Guide for Practitioners

Final Release: Revised Interpretation Tax Services (ET sec. 1.295.160), AICPA Professional Ethic Executive Committee, July 15, 2026 The AICPA Professional Ethics Executive Com...

Wrong Reassessment Procedure Can Nullify the Entire Case: Mumbai ITAT Quashes Political Donation Reopening

Wrong Reassessment Procedure Can Nullify the Entire Case: Mumbai ITAT Quashes Political Donation Reopening Keywords: Section 148A political donation, bogus political donation reass...

CBDT Tightens Scrutiny of Unexplained Income Additions: Fresh Directions Issued on Sections 68 to 69D and Section 115BBE

CBDT Tightens Scrutiny of Unexplained Income Additions: Fresh Directions Issued on Sections 68 to 69D and Section 115BBE     C&AG Audit Findings Trigger Administrative Push for...

Late Filing of Form 10-IE Cannot Deny New Tax Regime Benefit: Hyderabad ITAT Delivers Landmark Relief Under Section 115B...

Late Filing of Form 10-IE Cannot Deny New Tax Regime Benefit: Hyderabad ITAT Delivers Landmark Relief Under Section 115BAC     Procedural Delay Cannot Defeat Substantive Tax Benefi...

Treasury’s Excluded Property Sales Income Regulations under Section 250: Deconstructing the Proposed Guidance for Tax Pr...

Application of Section 250(b)(3)(A)(i)(VII) to Sales or Other Dispositions of Property, REG-117130-25, 91 Fed. Reg. _____ (proposed Aug. 20, 2026) (to be codified at 26 C.F.R....

Jaipur ITAT Allows Section 201(1) Relief Despite Manual Filing of Form 26A

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) said that manual filing of a Chartered Accountant-certified Form 26A rather than electronic filing is only a procedural...

Is a Section 143(2) Notice Invalid If It Does Not Mention ‘Limited Scrutiny’ or ‘Complete Scrutiny’? ITAT Special Bench...

Is a Section 143(2) Notice Invalid If It Does Not Mention ‘Limited Scrutiny’ or ‘Complete Scrutiny’? ITAT Special Bench Says No One of the most frequently raised legal challenges i...

Revenue Procedure 2026-26: Technical Overview of 2027 Indexing Adjustments for Premium Tax Credits and Affordability Sta...

Rev. Proc. 2026-26, July 21, 2026 The Internal Revenue Service has issued Revenue Procedure 2026-26 to establish the necessary indexing adjustments for the 2027 calendar year....

Transitioning Foreign Tax Allocations and Implementing the Ten Percent Credit Disallowance Under Section 960(d)(4)

Section 898(c) Transition Rule for Allocating Foreign Taxes and Section 960(d)(4) Foreign Tax Credit Disallowance, REG-115145-25, July 31, 2026 The Department of the Treasury...

Section 44AD of Income Tax: Simplified Business ITR Filing Guide

The workflow of a small business comes with its fair share of challenges. Crucial time might be consumed by keeping detailed books of accounts, preparing financial statements, and...

Tax Administration, Sham Partnerships, and Voluntary Compliance: Understanding the Eleventh Circuit’s Affirmation of the...

Filipowski v. Commissioner, No. 25-11382 (11th Cir. 2025), September 2, 2026 For tax professionals representing clients with significant tax delinquencies, the Offer-in-Comp...

Latest Tax Updates: Section 7508A Refund Claims, Whistleblower Award Eligibility, and Court Restrictions on IRS Collecti...

Refund Cannot Be Denied for Mere Technical Lapse: ITAT Invokes Article 265 to Protect Taxpayer’s Rights

Refund Cannot Be Denied for Mere Technical Lapse: ITAT Invokes Article 265 to Protect Taxpayer’s Rights     Once Delay in E-Verification Is Condoned, Revenue Cannot Retain Tax That...

Failure to Initiate Section 270A Penalty Cannot Alone Justify Section 263 Revision: ITAT Ahmedabad

Failure to Initiate Section 270A Penalty Cannot Alone Justify Section 263 Revision: ITAT Ahmedabad   PCIT cannot revise an assessment merely because AO did not initiate penalty pro...

Latest Tax Updates- IRS Launches Automatic Penalty Relief Program and Court Invalidates GILTI Rule

The Tax Adviser: IRS provides guidance on rollovers between retirement plans and IRAs

Martha Waggoner (The Tax Adviser), IRS provides guidance on rollovers between retirement plans and IRAs: The IRS on Wednesday issued Notice 2026-49, which contains sample forms and...

Unpacking the Saver’s Match: Technical Guidance and Operational Frameworks Under Notice 2026-48

Notice 2026-48, August 7, 2026 In division T of the Consolidated Appropriations Act, 2023, Pub. L. 117-328, 136 Stat. 4459 (2022), known as the SECURE 2.0 Act of 2022 (SECURE...

Reevaluating the Section 163(j) Interest Expense Limitation: Technical Insights from IRS Fact Sheet FS-2026-14

IRS Fact Sheet FS-2026-14 (Aug. 19, 2026); Internal Revenue News Release IR-2026-94 (Aug. 19, 2026) On August 19, 2026, the Internal Revenue Service (IRS) released Fact Sheet...