Nonprofits Oppose New IRS Stance on Church Political Activities
Over 1,500 nonprofits have signed onto a letter urging President Trump and the IRS to maintain a long-standing prohibition on …
White House Calls for Digital Asset Tax ‘Fairness’ in New Report
In accordance with a President Trump executive order, the administration’s task force on digital asset policy released its report detailing …
With IRS Cuts, Education on New Tax Act May be an Uphill Battle
IRS Communications and Liaison saw a 44% staffing cut under President Trump, so the tax professional community should be prepared …
Average Filing Time to Increase Under New Tax Act, Says Group
The new tax act’s “no tax on” and state and local tax (SALT) deduction provisions will cause taxpayers in all …
Concerns Grow as Premium Tax Credit Sunset Looms
The newly passed tax act extended many key expiring provisions – but one thing it didn’t address is enhanced health …
Transfer Pricing Enforcement Hampered by IRS Cuts, Executive Says
The IRS’ targeted enforcement campaign gained traction until the agency’s workforce and spending pools began to shrink this year, but …
Group Calls for ‘Reimagined Tax System’
Noting the “seismic change” the tax administration system has experienced since President Trump took office, the Tax Law Center at …
Could the New Senior Deduction Be Swallowed by a Benefit Cut?
As the Social Security Administration touts the new tax act’s senior deduction, which it says will reduce federal taxes for …
Tax Act Tweaks International Provisions but Maintains Regime, Say Experts
The July 4th tax act did more than just extend international tax provisions, but experts shared that they view the …
Digital Asset Expert Reflects on Busy Crypto Week
While Congress advanced several pieces of legislation relating to the regulation and treatment of digital assets during its so-called crypto …