New initiative aims to extend Trump account benefits to foster children
The Trump administration announced plans to allow child welfare agencies to elect to open a Trump account for children in …
Former Congressional Tax Counsel Unpacks Planned Form 990 Overhaul
Following Treasury’s recent announcement that it plans to revise Form 990 — the information return required annually of tax-exempt organizations — a …
Ways and Means Hears From Tax, Crypto Experts on Digital Asset Proposals
The House Ways and Means Committee held a legislative hearing on a package of bills creating a tax framework for digital assets, …
NY Budget Creates Administrative Burdens, Says Tax Expert
New York’s recently enacted fiscal year 2026-2027 budget decouples from various federal tax changes, but EY’s Scott Roberti said divergence between the …
Concerns About Paper Check Refund Delays Continue
Representative Danny Davis (D-IL) remains concerned about the speed at which the IRS is providing paper check refunds to taxpayers …
New Advisory Targets Payroll Tax Fraud Schemes
A June 5 joint advisory calls on financial institutions to be on the lookout for and report suspicious activity related …
Conservation Easement Enforcement Must Continue, Lawmakers Say
Two Senate Finance Committee members applauded the IRS’ recent settlement offer to taxpayers involved in syndicated conservation easement cases but …
Crypto Tax Bill Can Move Without Market-Structure Law, EY Expert Says
As Congress weighs competing frameworks for digital assets, the tax consequences remain unsettled, and the tax bill is not waiting …
Dems Push for IRS Guidance on Cannabis Business Tax Treatment
A group of House Democrats has urged the IRS to issue prompt guidance for state-legal cannabis businesses following the recent …
New York Authorizes NYC Multiple Dwelling Rehabilitation Tax Abatement
New York has enacted legislation authorizing New York City to adopt a local law providing a real property tax abatement …