House Committee Votes to ‘Gut’ Corporate Transparency Act
The House Committee on Financial Services voted 26-25 on April 21 to advance legislation that would limit Corporate Transparency Act …
House Panel Advances Bill Slashing IRS Enforcement Budget, SEC Funds
The House Appropriations Committee has advanced the fiscal year 2027 Financial Services and General Government (FSGG) funding bill, which would …
Bessent Defends Proposed $1.4B IRS Budget Cut
Treasury Secretary Scott Bessent defended the Trump administration’s proposed $1.4 billion budget cut for the IRS for fiscal year 2027, …
IRS Cuts, Pro-Wealthy OBBB Changes Strained Filing Season, Analysts Say
IRS budget cuts, the elimination of the free Direct File program, and new tax provisions in the One Big Beautiful …
Navigating the Tax Consequences of Tariff Refunds
A recent U.S. Supreme Court ruling invalidating International Emergency Economic Powers Act (IEEPA) tariffs has opened the door for companies to claim …
Group Urges Supreme Court to Hear Corporate Transparency Act Case as Lawmakers Consider Repeal
The National Small Business Association (NSBA) is taking its fight against the Corporate Transparency Act (CTA) to the U.S. Supreme …
Bill Seeks Earned Income Tax Credit Boost per Child for Working Parents
Representative Kristen McDonald Rivet (D-MI) introduced legislation that would expand the Earned Income Tax Credit (EITC) to provide working parents …
House GOP Calls for IRS, SEC Funding Cuts, Demands Resolution on Corporate Transparency Act
The House Appropriations Committee released a bill to fund IRS, SEC, and certain other regulators in fiscal year 2027, calling …
Experts Find Profitable Corporations Paid Little or No Federal Income Tax in 2025
At least 88 of the largest corporations in the U.S. paid no federal income tax in 2025, while major U.S. …
Experts Mull Revenue Raisers to Combat Budget Deficits
Tax policy experts debated whether rising federal debt poses an imminent fiscal crisis or a slower erosion of American living …