The Revenue Mechanism

A blog and newsletter on Federal and state tax law changes and analysis (including OBBBA, SALT, bonus depreciation, QBI, etc.).

Corporate Alternative Minimum Tax Under the Inflation Reduction Act

A new 15% minimum tax on large corporations closes the gap between reported profits and tax bills.

A 1% corporate tax on stock buybacks closes a loophole that lets shareholders defer capital gains.

Latest

Cleaning up your federal legislative? See how finance teams cut days off the close and kill the manual busywork.

The OBBBA modified, not repealed.

How the IRS weaponizes summonses to stop corporations from running out the audit clock.

Courts will enforce IRS summonses unless the government abuses its process or lacks good faith.

Honest mistakes on offshore income trigger a six-year audit window, not three.

Tax courts are demolishing syndicated conservation easement valuations with a 94% disallowance rate.

Choosing tax controversy software? Start with the criteria that actually matter — data integration first, demos last.

Tax Controversy