Every business decision hinges on one thing above all: certainty. When the rules of the road — on tariffs, tax rates, and regulations — are clear, job creators can proceed with confidence. When they’re not, activity stalls. Thankfully, businesses received some good news this summer with the enactment of the One Big Beautiful Bill Act. If only the Internal Revenue Service would stop bringing that good news down.
The IRS often takes contradictory — sometimes retroactive — stances in rulemaking and in the courts that confound even the most flexible and perceptive business tax planning. From its stance against small business insurance to its sudden shift on partnerships, the government sends mixed signals to the private sector that puts billions of dollars’ worth of investments at risk.
The latest example is in merger policy, where the IRS is appealing AbbVie v. Commissioner and muddying tax administration.
Read the full story here.