IRS Direct File Adds Three New States for 2025 Tax Season
Since mid-June, the Treasury Department announced three states that did not participate in the IRS Direct File pilot this past …
Broad Tax Bill Queued Up for Senate Consideration
The bipartisan $78 billion tax package that advanced out of the House early this year is slated to be considered on the …
Treaty Does Not Exempt Tribe Member From Self-Employment Tax, Court Holds
There is no treaty between the federal government and a Minnesota Native American tribe, nor any statute “expressly or implicitly” …
Tax Pros Discuss Impact of Loper Bright on IRS Regs
The Supreme Court’s decision in Loper Bright Enterprises v. Raimondo that overturned the long-standing Chevron doctrine’s deference to government agencies’ statutory interpretations may have …
Lawmakers Unite Against IRS Plan to Limit Access to Taxpayer Data for Child Support Enforcement
In a show of bipartisanship, the House Ways and Means Committee unanimously advanced a bill that would allow child support …
IRS: ‘Key Milestones’ Hit in Online, In-Person Service Expansion
In providing an update on how the IRS is progressing towards ‘transformation efforts’ using Inflation Reduction Act (PL 117-169) funds, …
Tax-Exempt Orgs Under Additional House Scrutiny
Lawmakers considered how best to increase transparency around tax-exempt organizations’ activities and funding mechanisms at a July 23 hearing — amid calls …
Federal Reserve Fines Bank for Hidden Tax Prep Fees
The Federal Reserve System Board of Governors issued a cease-and-desist order and assessed a $44 million penalty against a bank …
Required Minimum Distribution Rules Incorporate SECURE, SECURE 2.0 Act Changes
The IRS has issued final regulations updating required minimum distribution requirements for certain retirement plan participants and IRA owners and …
Recaptured Gains from Stock Sale Qualified for Installment Method
Addressing an issue of first impression, the Tax Court determined that the installment method applied to the taxpayers’ gains from …