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 …
Debate Ramps Up on Tax Cut Permanency
Now that the House has made a move toward extending expiring provisions of the Tax Cuts and Jobs Act (TCJA, …
Attempt to Overturn Digital Asset Broker Regs Clears First Hurdle
A joint resolution for disapproval of a Biden-era final rule on digital asset broker gross proceeds reporting requirements advanced out …
ABA Expert Advice on New Client Intake
Whether a tax professional is working at a Low-Income Taxpayer Clinic (LITC) or in a private firm, there are best …
Can Splitting Out Exempt Orgs Save the IRS?
As the IRS faces large staffing and budget cuts, a former Exempt Organizations Division director proposes systemic changes — including …
Senate, House Moving Forward with Separate Tax Reform Approaches
The House is forging ahead with its budget resolution — setting up expedited consideration of a broad bill that includes tax reform …
Academics: AI, Tech Can Help Close Tax Admin ‘Digital Divide’
The IRS and tax practitioners have ways to leverage artificial intelligence and other digital solutions when assisting certain low-income taxpayers …