The Revenue Mechanism

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

Tax Court Deficiency Procedure Versus Refund Suit Jurisdiction

Taxpayers have two mutually exclusive paths to court, each with its own jurisdictional rules.

Congress made most TCJA provisions permanent, averting a major tax cliff.

Latest

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

September 25, 2026Business Taxation

How the IRS lets businesses choose their tax classification on a form.

September 24, 2026Business Taxation

Four separate tax limits must clear before a pass-through loss reaches your return.

September 22, 2026Business Taxation

Section 754 elections deserve closer scrutiny after tax law changes raised the stakes.

Business TaxationSeptember 21, 2026

The IRS uses a nine-factor test to challenge owner salaries shifted into tax-free distributions.

Business TaxationSeptember 18, 2026

How partnerships can split income and deductions unequally if allocations pass tax scrutiny.

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

Business Taxation