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 …
Pushback Against Trump Plan to End IRS Direct File
Editor’s Note, 4/18/2025: Article updated with additional quote from Economic Security Project. Lawmakers and tax policy organization officials sounded off …
Tax Pros Talk IRS Modernization Setbacks Due to Workforce, Funding Cuts
Former government officials, practitioners, and tax law and policy experts are in lockstep with their collective worries about the ramifications …
Micro-Captive Transaction Reporting Penalty Relief Issued
Material advisors and certain participants in reportable micro-captive transactions will not face penalties for failing to file disclosure statements originally …
IRS Urges Taxpayers to File, Pay, or Request Extension Before Tax Day
Taxpayers can still file their federal income tax return, make payments, request direct deposit of any refund, or seek filing …