The Tax Court ruled that a couple's jointly filed Form 1040 was not a valid return because the agent appointed by the taxpayers to sign the return was not properly authorized.

The Tax Court has recently held in Bobrow v. Commissioner (TC Memo 2014-21) that the one-rollover-per-year rule applies to all of a taxpayer’s individual retirement accounts (IRAs) rather than to each IRA separately.

The Supreme Court on Oct. 9 heard arguments in a case that could resolve a split in the circuit courts of appeal, of whether courts can apply an accuracy-related penalty for a tax underpayment that is attributable to a valuation misstatement, when the underlying transaction is disregarded for lacking economic substance.

The fate of tax reform in the 113th Congress may depend upon the nature of the agreement by members of both political parties regarding the long-term deficit.

Congress and the administration are under increasing pressure to stem the flow of recent inversion transactions.

On Sept. 21, the IRS and Treasury issued final regulations under Section 368(a)(1)(F), which are effective for transactions entered into on or after that date.

The Treasury Department recently released proposed (REG-102648-15) and temporary (T.D. 9723) regulations to implement the Kline-Miller Multiemployer Pension Reform Act of 2014...

The House Ways and Means Committee used the lead-up to the April 18 individual filing deadline to push four bills aimed at the IRS and discuss sweeping tax reform strategies.

President Donald Trump issued an executive order (EO) on April 21 directing Treasury to review "all significant" regulations issued after Jan. 1, 2016, and recommend for modification or...

Tax planning means planning ahead. With that in mind, Grant Thornton LLP has put together three year-end tax guides designed to address the complex tax issues you're worrying about in 2016.

The tax reform principals in the executive and legislative branches, known as the "Big 6," have continued their efforts to promote tax reform as Congress is in the midst of a particularly politically charged...

The lack of a proper CEO succession plan can be costly: Stock prices drop and shareholder value diminishes.

Taxpayers planning to claim Section 1603 cash grants in lieu of the Section 45 production credit or Section 48 investment credit for certain alternative energy property must file an application no later than Sept. 30, 2012, whether or not the property has been placed in service.

Special Economic Zones in South Africa face a critical VAT discrepancy that can cost operators up to 15% of government grant funding. The inconsistent treatment between designated entities under Section 8(5) and other vendors under Section 8(5A) creates a two-tier system that directly impacts infrastructure delivery and investment readiness across the SEZ programme.

Why do so few women make it to the top of the business world? And what can we do about it?

On 17 December 2021 National treasury issued a tax policy discussion paper (discussion paper) on "what is the most appropriate tax regime for the oil and gas industry?".

The IRS released proposed regulations (REG-135524-14) that would eliminate the requirement for individuals to attach Section 83(b) elections to their individual income tax returns for the year the election is made.

On 17 October 2017, Grant Thornton published its U.K. Corporate Governance Review 2017. This provides a comprehensive analysis of the FTSE 350's annual reports.

IFRS news is your quarterly update on things relating to International Financial Reporting Standards (IFRS). We'll bring you up to speed on topical issues and significant developments,...

In a unanimous decision released this morning in Grant Thornton LLP v. New Brunswick, the Supreme Court of Canada restored a judgment of the New Brunswick Queen's Bench that dismissed as statute-barred a $50 million ...