Reconciliation Bill Doesn’t Go Far Enough to Tackle ‘Care Crisis,’ Say Groups
Child care providers and advocates are celebrating a provision in the One Big Beautiful Bill Act (OBBBA, H.R. 1) that would …
Tax Court Again Uses Functional Test to Deem Partners Limited ‘In Name Only’
The Tax Court, following recent precedent, determined that three partnership members were not limited partners based on their day-to-day functions …
CPAs Concerned About SALT, Contingent Fee Provisions in Tax Reform Bill
As congressional Republicans move forward with a reconciliation bill that would extend and revise tax provisions, the American Institute of …
House Budget: Updated Cost, Distributional Estimates
Budget scorers and policy think tanks have weighed in on the budget reconciliation package’s expected impact on the federal deficit …
Treasury, DOGE to Continue IRS Overhaul as Judge Blocks More Agency Downsizing
The head of the Treasury Department and a Department of Government Efficiency (DOGE) associate indicated the collaboration between the two …
SALT Provision Buried in House’s “Big Beautiful Bill” Would Curtail State Income Taxation Under P.L. 86-272
A proposed amendment buried under “Other Matters” in the House reconciliation proposal (the “One Big Beautiful Bill”) that advanced to …
Expert Shares How Tax Reform May Impact the Real Estate Sector
The reconciliation bill that made its way through the House Thursday morning contains a plethora of tax provisions, including several …
House Rules Committee Debates One Big Beautiful Bill
Editor’s note: The House passed the bill the morning of 5/22 by a vote of 215-214. One member voted “present” …
Senators Grill IRS Nominee on Conflicts, Experience
The Senate Finance Committee questioned Billy Long, President Donald Trump’s pick for IRS commissioner, about his potential conflicts of interest …
ESOPs A Powerful Alternative to Traditional M&A Transactions – Interviews
Randy A. Schwartzman, CPA, MST Mr. Schwartzman is a contributing editor for PTAB and a Retired Partner, National Tax Office, …