Lawmakers Push for Enhanced Paid Family and Medical Leave Credit
A recently introduced bipartisan House bill (HR 8860) would extend and enhance a tax credit under Code Sec. 45S available to employers …
Chief Counsel to Focus on ‘Transactions of Interest,’ Rollinson Says
The IRS Office of Chief Counsel is focusing its expansion and reorganization efforts to specialize in certain tax areas ripe …
SCOTUS Revives Whistleblower’s Claim After Chevron Overturned
The Supreme Court vacated a judgment denying an IRS whistleblower’s award claim, citing its recent decision on agency deference. The …
Moore Attorney: Supreme Court ‘Validated’ Income Realization Arguments
In the wake of the Supreme Court’s decision upholding the constitutionality of the one-time mandatory repatriation tax (MRT), an attorney …
Bipartisan Bill Takes Up Taxpayer Advocate Recommendations to Streamline Filings
Legislation introduced late last week would make three fixes to the Tax Code to streamline the filing process — applying …
IRS Official Speaks on Final Digital Asset Regs
An IRS official shared preliminary information on new digital asset tax reporting rules and related guidance Friday afternoon with an audience of …
US Supreme Court Overturns Chevron; Future of Federal and State Tax Guidance in Question
On June 28, 2024, in a pair of companion opinions, the United States Supreme Court overturned Chevron USA Inc. v Natural …
IRS Whistleblower Claims Processing Far Too Slow, Say Practitioners
The IRS’ Whistleblower Office announced record claims numbers and awards in its annual report to Congress — but practitioners say work is …
Unpacking Universal Savings Accounts
Some groups are calling on Congress to establish a new type of tax-advantaged account — universal savings accounts similar to …
IRS Should Replace ‘Misleading’ Level of Service Metric, NTA Says
The measure the IRS has used for over two decades to evaluate its telephone service does not accurately “reflect the …