Qualified Opportunity Zone transitional guidance issued
The IRS released transitional guidance on Qualified Opportunity Zones (QOZs) following recent legislative changes. The guidance addresses how investors and …
After clean energy credit eligibility ruling, tax pro advises ‘staying the course’
Earlier this month, the U.S. District Court for the District of Columbia vacated Treasury guidance that had limited options for …
As trust fund nears insolvency, SSA chief actuary shares options
The Social Security Administration’s (SSA) Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement benefits, is now projected to …
IRS silence on prediction market winnings to cause confusion as World Cup begins
The 2026 FIFA World Cup is bringing international visitors to the United States, and many can wager on match outcomes …
New initiative aims to extend Trump account benefits to foster children
The Trump administration announced plans to allow child welfare agencies to elect to open a Trump account for children in …
Former Congressional Tax Counsel Unpacks Planned Form 990 Overhaul
Following Treasury’s recent announcement that it plans to revise Form 990 — the information return required annually of tax-exempt organizations — a …
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 …