Accounting Today Quotes Charles Ruchelman on CIC Services v. IRS

The year ahead will be full of tax uncertainties in the U.S. and internationally, ranging from digital taxes and carbon taxes to possible tax hikes under the Biden administration.

A new report from Bloomberg Tax & Accounting delves into these issues with a series of articles from Bloomberg’s team of tax experts. Topics include moves in states to enable e-commerce taxation, what’s next for Europe’s tax agenda, how COVID-19 relief measures could trigger tax-filing mistakes, cases to watch at the Supreme Court, and the tax consequences of a remote workforce.

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“While the ruling may have limited applicability, it will address an important concern with how the IRS labels transactions subject to burdensome reporting requirements without warning, and without notice to and comment from taxpayers that are impacted by the IRS designations,” said Charles Ruchelman, a Member at Caplin & Drysdale specializing in tax controversy, as quoted in the report.

For the full article, please visit Accounting Today’s website.