Transition Challenges Expected as Treasury Goes Paperless
Back in March, President Trump issued an executive order mandating that Treasury and the IRS largely transition to electronic payments, …
IRS, Treasury Roles Filled as Tax Package Reaches Finish Line
While all eyes have been on the One Big Beautiful Bill, Senate Republicans have also been pushing through President Trump’s …
Republicans Tee Up House Vote on Trump Bill, Outcome Uncertain
By David Morgan, Richard Cowan, and Bo Erickson Republicans in the House of Representatives on Wednesday teed up a procedural vote on …
CPAs Welcome Senate SALT Changes
As Republicans continue to move forward on their One Big Beautiful Bill Act (H.R. 1), the American Institute of CPAs …
Republican Senators Seek to Change Senate Bill Clean Energy Tax, Improve Tax Credits
By Valerie Volcovici Republican Senator Joni Ernst has introduced an amendment to the U.S. Senate’s tax and spending megabill that …
‘Revenge Tax’ Dropped From Budget Bill as Senate Byrd Bath Continues
A controversial provision of Republicans’ One Big Beautiful Bill Act (OBBBA) that would increase tax rates on certain individuals associated …
Tax Package Hits Medicaid Roadblocks
Several Republican lawmakers are speaking out about proposed Medicaid cuts in the Senate’s tax package and the Senate parliamentarian has …
New Risk Considerations for Tax-Exempt Organizations
With tax-exempt organizations facing harsher scrutiny and a higher threat of investigation this year, practitioners offered suggestions for managing risk. …
Tax Package’s Deficit Impact Is Only Part of the Fiscal Equation
Scoring shows the Senate’s draft tax package would increase deficits even when assuming tax cuts currently in place extend indefinitely — but …
Clean Energy Credit Repeals May Rattle Industry, Tax Sector Expects
The House and Senate tax titles for the One Big Beautiful Budget Act (OBBBA, H.R. 1) both make deep cuts to …