Bill Allowing Mass Review of ‘Midnight Rules’ Gains Momentum in House The most recent legislative attempt to allow Congress to consider multiple joint resolutions of disapproval under the Congressional Review Act …
19 State AGs File Suit Against DOGE Treasury Access; Judge Blocks New Policy The attorneys general (AG) of 19 states successfully moved for an emergency temporary restraining order that blocks Elon Musk and …
IRS Confirms Filing Season, Taxpayer Advocate Staff Exempted From Buyout The IRS confirmed that employees in roles deemed “critical” to tax season must continue working until mid-May, even if they …
Centralized Partnership Audit Regime Muddied by IRS Uncertainty, Expert Says The future of the IRS’ plans and ability to enforce partnership tax compliance pursuant to now 10-year-old legislation is uncertain …
‘Bitcoin Jesus’ Hopes for Trump Pardon, Denies Fugitive Claim An early Bitcoin adopter facing extradition to the U.S. for criminal tax fraud charges urged President Trump for assistance while …
Exempt Org Foreign Reporting Forms Burdensome, IRS Told Several organizations responded to an IRS request for comment on filing obligations of tax-exempt entities to say that three forms …
Bill Allowing Mass Review of ‘Midnight Rules’ Gains Momentum in House The most recent legislative attempt to allow Congress to consider multiple joint resolutions of disapproval under the Congressional Review Act …
Exception to Derivatives Accounting Rules to be Expanded in Coming FASB Proposal The nation’s accounting rulemaker plans to propose rules this summer that would keep the boundaries of complex derivatives accounting rules …
Energy Sector Pushes Back Against Investment Tax Credit ’80/20 Rule’ Representatives from the energy industry asked the IRS to further clarify or outright eliminate an eligibility test included in proposed energy …