Ways and Means Hears From Tax, Crypto Experts on Digital Asset Proposals
The House Ways and Means Committee held a legislative hearing on a package of bills creating a tax framework for digital assets, …
NY Budget Creates Administrative Burdens, Says Tax Expert
New York’s recently enacted fiscal year 2026-2027 budget decouples from various federal tax changes, but EY’s Scott Roberti said divergence between the …
Concerns About Paper Check Refund Delays Continue
Representative Danny Davis (D-IL) remains concerned about the speed at which the IRS is providing paper check refunds to taxpayers …
New Advisory Targets Payroll Tax Fraud Schemes
A June 5 joint advisory calls on financial institutions to be on the lookout for and report suspicious activity related …
Conservation Easement Enforcement Must Continue, Lawmakers Say
Two Senate Finance Committee members applauded the IRS’ recent settlement offer to taxpayers involved in syndicated conservation easement cases but …
Crypto Tax Bill Can Move Without Market-Structure Law, EY Expert Says
As Congress weighs competing frameworks for digital assets, the tax consequences remain unsettled, and the tax bill is not waiting …
Dems Push for IRS Guidance on Cannabis Business Tax Treatment
A group of House Democrats has urged the IRS to issue prompt guidance for state-legal cannabis businesses following the recent …
New York Authorizes NYC Multiple Dwelling Rehabilitation Tax Abatement
New York has enacted legislation authorizing New York City to adopt a local law providing a real property tax abatement …
IRS Proposes Increasing Estate Tax Closing Letter Fee
The IRS has issued proposed regulations that would increase the user fee for an estate tax closing letter from $56 …
Former Judges Want Trump-IRS Suit to Resume
A group of 35 former federal judges has filed a motion in federal court seeking to reopen President Donald Trump’s …