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 …
IRS Staff Cuts Could Have ‘Catastrophic Impact’ on Filing Season
Senate Democrats told leadership at Treasury and IRS that it is “nearly inevitable” that the recent IRS hiring freeze and …
Tax Reform ‘Complications’ to Watch For
As the House moves ahead on with “one big, beautiful bill” to address expiring Tax Cuts and Jobs Act (TCJA, …
DOGE Targets IRS as Federal Judge Mulls Treasury Systems Dispute
Heading into Presidents’ Day weekend, Elon Musk and his Department of Government Efficiency (DOGE) turned their attention toward the IRS, …
House Passes Bipartisan Bill to Delay Corporate Transparency Act Deadline
With the Corporate Transparency Act’s beneficial ownership information reporting requirement temporarily paused pending litigation, the House has passed a bipartisan …
House Narrowly Passes Midnight Rules Relief Act
Late Wednesday afternoon, the House voted 212-208 in passing a bill that would allow Congress to review multiple Congressional Review …