OECD to ‘Keep Working’ With US Despite Trump’s Rejection of Tax Deal
The reaction to President Trump’s decision to pull out of global tax agreement negotiations started by his predecessor has been …
On Menu of Tax Reform Options: Cutting SALT Deduction
As tax discussions ramp up, Republicans have compiled a lengthy menu of options, including five that would revise the deduction …
Werfel Resigns as Trump Takes Office
IRS Commissioner Danny Werfel announced on Friday that he would leave the agency before the end of his term, ahead …
Treasury Official on Int’l Tax ‘Simplification’ Efforts
While there is no doubt much work remains in unraveling the complexities of international taxation in an increasingly digital global …
Proposed Regs on Micro-Captive Listed Transactions, Transactions of Interest Finalized
The IRS has finalized proposed regulations (REG-109309-22) that identify transactions that are “the same as, or substantially similar to,” certain …
Tax Season Begins Jan 27; ‘Enhanced’ Direct File Goes Live Same Day
The IRS announced that the 2025 tax filing season is scheduled to begin Monday, January 27, and that its Direct …
‘One Powerful Bill’ To Address Expiring Tax Provisions and More
Republicans are eager to start delivering on President-elect Donald Trump’s campaign promises via reconciliation — a fast-track option available when …
Final Regs Expand Sec. 45V Credit to More Hydrogen Production Sources
After reviewing over 30,000 comments and a year of fine-tuning, the IRS issued final regs implementing the Code Sec. 45V Clean Hydrogen …
GAO: Direct File Customer Support Staff May Not be Ready for Tax Time
Despite a successful pilot last filing season, the IRS may have challenges in the first full year operating its Direct …
Consolidated Return Rules Modernized
The IRS has issued final regs that modernize the language of rules governing consolidated corporate income tax returns filed by …