Bill Allowing Mass Review of ‘Midnight Rules’ Gains Momentum in House
The most recent legislative attempt to allow Congress to consider multiple joint resolutions of disapproval under the Congressional Review Act …
19 State AGs File Suit Against DOGE Treasury Access; Judge Blocks New Policy
The attorneys general (AG) of 19 states successfully moved for an emergency temporary restraining order that blocks Elon Musk and …
New Administration Wades Into the Corporate Transparency Act
The Treasury Department is still pushing for eventual enforcement of the Corporate Transparency Act’s (CTA) beneficial ownership information reporting provisions …
Republican Tax Talks in Flux
House Speaker Mike Johnson (R-LA) said that Republicans were expecting to unveil a tax package over the weekend — but …
IRS Confirms Filing Season, Taxpayer Advocate Staff Exempted From Buyout
The IRS confirmed that employees in roles deemed “critical” to tax season must continue working until mid-May, even if they …
The Future of the Child Tax Credit
With many provisions of the 2017 Tax Cuts and Jobs Act (TCJA, P.L. 115-97) set to expire at year end and …
Centralized Partnership Audit Regime Muddied by IRS Uncertainty, Expert Says
The future of the IRS’ plans and ability to enforce partnership tax compliance pursuant to now 10-year-old legislation is uncertain …
IRS Updates Guidance on Domestic Content Bonus Credit
The IRS has issued a notice that provides a new elective safe harbor for the Domestic Content Bonus Credit and …
‘Bitcoin Jesus’ Hopes for Trump Pardon, Denies Fugitive Claim
An early Bitcoin adopter facing extradition to the U.S. for criminal tax fraud charges urged President Trump for assistance while …
New Coalition Targets Republican Tax Plans
As House Republicans left Miami without a firm plan to extend expiring provisions of the 2017 Tax Cuts and Jobs …