Senators Grill IRS Nominee on Conflicts, Experience The Senate Finance Committee questioned Billy Long, President Donald Trump’s pick for IRS commissioner, about his potential conflicts of interest …
House Budget Bill Stalls in Committee, Throwing Off Timeline Editor’s note, 5/19/2025: The committee held a second vote Sunday evening and the bill advanced by a slim 17-16 margin. …
Senate Taxwriters Weigh in on House Reconciliation Bill Cliffs, Timing Senate Finance Committee Chair Mike Crapo (R-ID) and member Senator Steve Daines (R-MT) shared their thoughts on House reconciliation efforts …
Experts Delve into Business, Manufacturing Provisions in House Tax Reform Bill With the House Ways and Means Committee debating the tax portion of a reconciliation bill, tax professionals discussed key provisions for businesses …
Policy, Budget Impacts of GOP Tax Bill Key Provisions The House Ways and Means Committee shared a portion of its plans to address expiring provisions of the 2017 Tax Cuts and …
Bessent Discusses Vision for IRS, Tax Reform with Lawmakers House appropriators questioned Treasury Secretary Scott Bessent about shifting priorities for the IRS under the Trump administration and ongoing tax …
AICPA Keeps SAB 121 in Digital Assets Practice Aid For Now The SEC’s Office of the Chief Accountant (OCA) last month withdrew its much-criticized Staff Accounting Bulletin (SAB) No. 121 on …
Council of Institutional Investors Again Urges SEC to Close Loophole on Non-GAAP in Executive Pay The Council of Institutional Investors (CII) once again pressed the Securities and Exchange Commission (SEC) to add a rulemaking project …
May We Terminate COBRA Coverage If a Qualified Beneficiary Pays Less Than the Full Premium Amount? QUESTION: Once a timely COBRA election and initial premium payment have been made, our employer-sponsored group health plan automatically terminates …