Fugitive from justice; private school tuition; without clients’ knowledge; and other highlights of recent tax cases.
Day: October 15, 2026
Tax pros push for House passage of TAS Act by end of year
After the Senate passed the Taxpayer Assistance and Service Act by unanimous consent, the bipartisan bill is now in the hands of House lawmakers.
IRS waives tax penalties for dyed diesel fuel sales
The Internal Revenue Service is providing relief on federal tax penalties on sales of dyed diesel fuel in response to an executive order from President Trump.
Tax Strategy: IRS identifies transactions of potential concern
The Internal Revenue Service is closely examining the tax strategies used by some exchange-traded funds, according to a recent notice and revenue ruling.
Allocated costs in fixed asset registers bring audit risks
Allocated costs can distort replacement or reproduction cost new estimates, depreciation analyses and valuation conclusions.