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FinCEN Removes BOI Reporting Requirement for U.S. Companies, U.S. Persons (RIN 1506-AB49)
The Financial Crimes Enforcement Network (FinCEN) has removed the requirement that U.S. companies and U.S. persons must report beneficial ownership information (BOI) to FinCEN under the Corporate Tran...

IRS Appoints Melanie Krause as Acting Commissioner (IR-2025-24)
Melanie Krause, the IRS’s Chief Operating Officer, has been named acting IRS Commissioner following the retirement of Doug O’Donnell. Treasury Secretary Scott Bessent acknowledged O’Donnell’s ...

Grant Payment to Corporation Was Not Excluded from Income (CF Headquarters Corp., TC)
A grant disbursement to a corporation to be used for rent payments following the September 11, 2001 terrorist attacks on the World Trade Center was not excluded from the corporation's gross income. Gr...

Parent Not Entitled to Deemed Paid Foreign Tax Credits for Taxes Paid by Lower-Tier CFCs (Eaton Corporation and Subsidiaries, TC)
The parent corporation of two tiers of controlled foreign corporations (CFCs) with a domestic partnership interposed between the two tiers was not entitled to deemed paid foreign tax credits under Co...

Payments to Ex-Wife Not Deductible Alimony (Martino Jr., CA-11)
An appeals court affirmed that payments made by an individual taxpayer to his ex-wife did not meet the statutory criteria for deductible alimony. The taxpayer claimed said payments were deductible ali...

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