Reading the Tea Leaves: Corporate Transparency Act Update
For those with Corporate Transparency Act whiplash, here’s a roundup of the latest developments — including one practitioner’s take on …
Republicans Celebrate House Passage of DeFi Broker CRA
Biden-era regs classifying some decentralized digital asset entities as brokers subject to IRS reporting rules are one step closer to …
House Passes Budget CR in Final Days Before Shutdown
A day after the House Rules Committee reported a six-month government funding stopgap to the full chamber, the House engaged …
Tech Group Lays Out Tax Reform Priorities
A bipartisan tech group — which counts among its members Amazon, Apple, Google, and Meta — is urging congressional leadership …
Groups Sound Alarm After Treasury Backtracks on Beneficial Ownership Reporting
Over 99% of entities previously subject to the Corporate Transparency Act’s reporting requirements could be exempt after Treasury announced a shift in …
Dems Urge Watchdog to Investigate IRS Layoffs
Senate Democrats are requesting the Treasury Inspector General for Tax Administration (TIGTA) to look into recent and planned IRS staffing …
Trump Pledges to Restore TCJA Full Bonus Depreciation
At his address before Congress Tuesday evening, President Trump hinted at some priority tax policies for his second term, including …
IRS Reminds Farmers and Fishers in Disaster Areas of Extended Tax Deadline
While the March 3, 2025, deadline has passed for certain farmers and fishers to file their 2024 federal income tax …
Corporate Transparency Act Won’t Be Enforced Against US Citizens, Domestic Entities
U.S. citizens, domestic entities, and their beneficial owners need not worry about penalties and fines under the Corporate Transparency Act …
FinCEN Says It Won’t Enforce Corporate Transparency Act Deadline
Treasury’s Financial Crimes Enforcement Network (FinCEN) announced February 27 that it would not take any actions to enforce the upcoming beneficial ownership …