Proposed Third Party Contact Advance Notice Regs Punish Taxpayers, NTA Says
Pending rules that would shorten third-party notice requirements by allowing the IRS broader discretion in excepting the 45-day window under …
House Takes Up Social Security, Terrorism Bills
Returning from a six-week district work period, the House considered two measures on Social Security that would impact public service …
Big 4 Tax Director: Fate of TCJA in the Hands of a ‘Very Different’ GOP
What ultimately becomes of permanent and temporary provisions of the Tax Cuts and Jobs Act (TCJA) will be largely decided …
IRS Shares FY 2024 Revenues, Financial Position Ahead of Funding Fight
The IRS released its annual financial report for fiscal year 2024, touting strides taken using Inflation Reduction Act (P.L. 117-169) …
Public Hearing Set on Proposed Dual Consolidated Loss Regulations
The IRS and the Department of the Treasury have scheduled a public hearing this November on the proposed regulations regarding …
Hurricane Victims Granted Extensions Under Certain Benefit Plans
Several federal agencies in a joint notice announced extensions to various time frames for participants, beneficiaries, and qualified beneficiaries of …
Renewed Calls to Close Puerto Rico Tax Loophole
A group of House Democrats introduced a resolution in late October taking aim at a Puerto Rican tax regime they …
How Loper Bright Might Impact IRS Rulemaking
After the U.S. Supreme Court’s decision this year on agency deference, legal experts gave their predictions on how the IRS …
Final Regs Update Guidance on Sales of Seized Property
The IRS has issued final regs designed to modernize the rules governing sales of taxpayer property seized by the IRS …
Housing Reform Should Restore, Enhance Lapsed Tax Breaks, House Taxwriters Told
With the deadline now passed for public stakeholders to submit comments to members of the House Ways and Means Committee …