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, …
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, …