Big 4 Firms Talk Tax Bill Timeline 100 Days Into Trump’s Term
Tax professionals from Big Four firms discussed when to expect movement on upcoming major tax legislation and what businesses can …
IRS Appeals Chief Shares Game Plan Given Staffing Cuts
Despite staffing losses and a hiring freeze, IRS Independent Office of Appeals Chief Liz Askey is “cautiously optimistic” that her …
Treasury Hopes to Offset Tax Cut Costs With Tariff Revenue
Treasury Secretary Scott Bessent expressed optimism on President Trump’s 100th day in office about the progress of negotiations with congressional …
Trump Order Ending Treasury Worker Collective Bargaining Blocked by Judge
A federal labor union representing Treasury Department and IRS employees, as well as workers from dozens of other agencies, secured …
Oregon Plaintiffs Oppose ‘Stay’ in Corporate Transparency Act Case
As the Trump administration’s Treasury seeks to pause litigation challenging the Corporate Transparency Act’s beneficial ownership information reporting requirements, one …
Direct File Supporters Call Ending Program an ‘Insult’
Congressional Democrats and policy groups are urging the Trump administration to continue the IRS’ free e-filing program, Direct File. Direct …
Treasury Seeks Pause in Corporate Transparency Act Case
After dialing back the Corporate Transparency Act’s beneficial ownership information reporting requirements last month, the Treasury Department is now moving …
Oral Arguments Heard in Dispute Over Mootness of Tax Proceedings
The Supreme Court heard oral arguments in a case between the IRS and a taxpayer that poses the question whether …
The Child Tax Credit’s Cloudy Future
With the Child Tax Credit set to be halved at year end and competing aims among those advocating for a …
IRS to Remove Partnership Basis Shifting Transaction of Interest Regs
The IRS announced its intention to issue a forthcoming notice of proposed rulemaking that will remove recently finalized regs identifying certain partnership …