Tax Practitioner Warns of AI Accuracy, Privacy Risks
While AI can be a powerful tool, tax practitioners should always verify the accuracy of AI-generated output and take steps …
Temporary Dyed Fuel Refund Regs Issued, IRS Seeks Comments
The IRS issued guidance for taxpayers to recover federal excise tax paid on clear diesel fuel or kerosene that is …
Dems Oppose Treasury on Partnership Rules, Refundable Credits
Democratic lawmakers sent separate letters to Treasury Secretary Scott Bessent on April 21, 2026, opposing two Treasury Department proposals: one …
House Approves Multiple Tax Administration Bills
The House advanced a series of bipartisan bills to improve tax administration via a fast-track procedure on Monday. The chamber …
A Push to Boost the Pass-Through Deduction
After the One Big Beautiful Bill Act (OBBB) extended a provision allowing many small business owners to deduct 20% of …
House Committee Votes to ‘Gut’ Corporate Transparency Act
The House Committee on Financial Services voted 26-25 on April 21 to advance legislation that would limit Corporate Transparency Act …
House Panel Advances Bill Slashing IRS Enforcement Budget, SEC Funds
The House Appropriations Committee has advanced the fiscal year 2027 Financial Services and General Government (FSGG) funding bill, which would …
Bessent Defends Proposed $1.4B IRS Budget Cut
Treasury Secretary Scott Bessent defended the Trump administration’s proposed $1.4 billion budget cut for the IRS for fiscal year 2027, …
IRS Cuts, Pro-Wealthy OBBB Changes Strained Filing Season, Analysts Say
IRS budget cuts, the elimination of the free Direct File program, and new tax provisions in the One Big Beautiful …
Navigating the Tax Consequences of Tariff Refunds
A recent U.S. Supreme Court ruling invalidating International Emergency Economic Powers Act (IEEPA) tariffs has opened the door for companies to claim …