Americans are poised to receive bigger refunds when they file their taxes this year than they did in 2025, due to changes in ...

Tax cuts can lead to budget deficits or higher sovereign debt. The federal tax system relies on income and payroll taxes for revenue. Tax cuts may increase disposable income and economic growth.

Yesterday the Tax Court issued its much awaited opinion in Patel v. Commissioner. After the Court disallowed deductions attributable to Patel’s captive insurance arrangement, it ordered briefing on ...

Many taxpayers will get a tax windfall this year. The One Big Beautiful Bill Act (OB3), which was signed into law in July 2025, retroactively cut individual income taxes to January 2025. Many have ...

Should courts respect a transaction for tax purposes, when it otherwise complies with the technical requirements of the Internal Revenue Code and regulations? When should a court take the next step ...