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Internal Revenue Service. Summer 2026 Expanded Features for BTA. Fact Sheet FS-2026-11. July 2026. Retrieved from IRS.gov Newsroom. Internal Revenue Service. Business Tax Account. Official Platform Documentation & Eligibility Guide. Last Updated: July 9, 2026. Retrieved from IRS.gov/Businesses. The Internal Revenue Ser
The post Tax update 2026: Simplifying the tax system or taxing businesses more? appeared first on LLP Site .
The legal and tax landscape for law firms and professional services organizations in 2025-2026 is complex, affected by evolving regulations, economic nexus rules, and the rise of new technologies like AI and DAOs. Proactive planning, understanding tax implications, and engaging with experts are vital for ensuring compl
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for June 10, 2026 – June 21, 2026. June 9, 2026: A Treasury Inspector General for Tax Administration (TIGTA) report found that the IRS lost a significant number of experienced employees during the workforce reductions
Still filing your tax returns as a "pass through" business? It may be time to change that.
Notice 2026-40, Internal Revenue Service (June 2026). For practitioners advising clients on Qualified Opportunity Zone (QOZ) investments under the Internal Revenue Code (the Code), the regulatory landscape has recently undergone a major transformation. Sections 1400Z-1 and 1400Z-2, originally enacted under the Tax Cuts
The post What businesses need to know about the Finance Bill 2026-27 appeared first on LLP Site .
If you run or direct a close company, which is broadly, any company controlled by five or fewer shareholders, it is worth paying close attention to a series of regulatory changes and ongoing Government consultations that could significantly increase your compliance burden. While these measures are yet to be introduced,
Discover how corp taxes affect your business operations, profitability, and strategic planning. Learn key insights and strategies to navigate corporate taxation effectively.
Taxpayers and tax pros have already dealt with many changes from the One Big Beautiful Bill Act on 2025 returns, but many provisions will be effective for the first time in 2026.
Soroban Capital Partners LP v. Commissioner, 161 T.C. 310 (2023); Soroban Capital Partners LP v. Commissioner, T.C. Memo. 2025-52; Soroban Capital Partners LP v. Commissioner, No. 25-2079 (2d Cir. 2026) (Oral Argument Transcript). For tax professionals advising private equity funds, hedge funds, and closely held busine
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