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 …
House Republicans Advance Tax Reform Blueprint as Dems Rally Against Trump Plans
After a false start Wednesday, House Republicans approved the Senate-amended budget framework, 216-214, setting up tax reform via the reconciliation process. …
SCOTUS Stays Federal Worker Rehire Order
The Supreme Court stayed a lower district court’s preliminary injunction that required government agencies to reinstate terminated probationary employees and barred the …
One Tax Reform Hurdle to Watch
As House Republicans ponder whether the Senate’s tax reform blueprint would drive deficits to an untenable level, another potential issue with the …
Former Government Officials Ask SCOTUS to Not Stay Rehiring Injunction
Seventeen former career, appointed, and elected federal and state officials — some of whom served in previous Republican administrations — …