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The practice of tax law is an exercise of statutory interpretation. A recent opinion of the U.S. Tax Court, Grecian Magnesite Mining, Indust. & Ship. Co. v. C.I.R ...

The IRS issued Rev. Rul. 2012-18, which provides question-and-answer guidance for distinguishing between tips and service charges for FICA tax purposes, the credit under Sec. 45B for the excess ...

The IRS released Rev. Rul. 2023-08 on Wednesday, obsoleting a revenue ruling from the 1950s that allowed taxpayers that used the expense method of accounting for research and experimental expenditures ...