Tax Pros Talk IRS Modernization Setbacks Due to Workforce, Funding Cuts
Former government officials, practitioners, and tax law and policy experts are in lockstep with their collective worries about the ramifications …
Micro-Captive Transaction Reporting Penalty Relief Issued
Material advisors and certain participants in reportable micro-captive transactions will not face penalties for failing to file disclosure statements originally …
IRS Urges Taxpayers to File, Pay, or Request Extension Before Tax Day
Taxpayers can still file their federal income tax return, make payments, request direct deposit of any refund, or seek filing …
House Republicans Advance Tax Reform Blueprint as Dems Rally Against Trump Plans
After a false start Wednesday, House Republicans approved the Senate-amended budget framework, 216-214, setting up tax reform via the reconciliation process. …
SCOTUS Stays Federal Worker Rehire Order
The Supreme Court stayed a lower district court’s preliminary injunction that required government agencies to reinstate terminated probationary employees and barred the …
One Tax Reform Hurdle to Watch
As House Republicans ponder whether the Senate’s tax reform blueprint would drive deficits to an untenable level, another potential issue with the …
Former Government Officials Ask SCOTUS to Not Stay Rehiring Injunction
Seventeen former career, appointed, and elected federal and state officials — some of whom served in previous Republican administrations — …
IRS Clarifies Method for Disaster Victims in 9 States to Request Additional Filing Extension (04/07/2025)
The IRS reminded disaster victims in nine states that their 2024 tax filing and payment deadlines are automatically extended until …
Senate Makes a Move Toward Tax Reform
Senate Republicans unveiled their version of a budget resolution to set up tax reform Wednesday afternoon, with significantly different deficit instructions than …
States, Policy Orgs Support Crypto Trader in Fourth Amendment Claim Against IRS
A group of states and nonprofit policy organizations encouraged the Supreme Court to grant cert to a digital asset exchange …