Bipartisan Effort Would Enhance Child Care Tax Credits
Senators Tim Kaine (D-VA) and Katie Britt (R-AL) introduced a pair of bills aimed making child care more accessible and …
Pushback Against Corporate Transparency Act Filing Requirements Continues
Another case alleging that the Corporate Transparency Act’s beneficial ownership reporting requirements are unconstitutional has been filed — while cases …
IRS Postpones Tax Deadlines for Minnesota Victims Severe Storms, Flooding
The IRS has postponed tax deadlines for Minnesota victims of severe storms and flooding that began on June 16, 2024. …
IRS Updates Draft Digital Asset Information Return
The IRS updated the early draft version of the information return for digital asset brokers to report certain sale and …
Treasury: New Energy Credits ‘More Popular’ Than Expected
Ahead of the two-year anniversary of the enactment of the Inflation Reduction Act (PL 117-169), the Treasury Department shared data …
FinCEN Explains, Refines Beneficial Ownership Reporting Requirements
With the Corporate Transparency Act’s beneficial ownership reporting deadline looming, the agency in charge of administering the law — Treasury’s …
Proposed Rules on Dual Consolidated Losses and Certain Disregarded Payments Issued
The IRS has issued proposed regulations addressing certain issues arising under the current dual consolidated loss rules and certain disregarded …
Work Authorization for Undocumented Immigrants Would Improve Tax Collections, Analysts Say
Undocumented immigrant workers who do not possess a Social Security number but still pay taxes on their income or property …
Consumer Demand for EVs Exists Regardless of Tax Credits, Senators Hear
Lawmakers considered what is driving American consumers toward electric vehicles and whether EV tax credits are necessary at a July …
Tax Bill Fails to Pass Senate Hurdle
The broad tax bill that passed the House in January with overwhelming support finally reached the Senate floor on Thursday, …