Draft Bill Aims to Strengthen Taxpayer Rights
Top Senate taxwriters released draft legislation Thursday that they say would “improve the taxpayer experience” — included are proposals to …
2025 Tax Filing Season Kicks Off
The 2025 tax filing season opened on January 27, with the IRS expecting over 140 million individual tax year 2024 …
Trump Renews Call for Tax-Free Tips
President Donald Trump renewed his call to eliminate federal taxes on tipped income last weekend. Lawmakers have offered a few …
Final IRS Regs Possibly Subject to Congressional Review
The Treasury Department during the Biden administration used its final months to finalize or correct several IRS regs, including guidance …
Will the New Partnership Related Party Basis-Shifting Rules Survive?
Practitioner’s Tax Action Bulletin® Advisory In June 2024, the IRS released a guidance package on related party basis adjustments (RPBAs) …
Executive Order Targets ‘Green New Deal’
Among the flurry of actions taken by President Donald Trump on his first day in office was issuing an executive …
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 …