New Administration Wades Into the Corporate Transparency Act
The Treasury Department is still pushing for eventual enforcement of the Corporate Transparency Act’s (CTA) beneficial ownership information reporting provisions …
Republican Tax Talks in Flux
House Speaker Mike Johnson (R-LA) said that Republicans were expecting to unveil a tax package over the weekend — but …
IRS Confirms Filing Season, Taxpayer Advocate Staff Exempted From Buyout
The IRS confirmed that employees in roles deemed “critical” to tax season must continue working until mid-May, even if they …
The Future of the Child Tax Credit
With many provisions of the 2017 Tax Cuts and Jobs Act (TCJA, P.L. 115-97) set to expire at year end and …
Centralized Partnership Audit Regime Muddied by IRS Uncertainty, Expert Says
The future of the IRS’ plans and ability to enforce partnership tax compliance pursuant to now 10-year-old legislation is uncertain …
IRS Updates Guidance on Domestic Content Bonus Credit
The IRS has issued a notice that provides a new elective safe harbor for the Domestic Content Bonus Credit and …
‘Bitcoin Jesus’ Hopes for Trump Pardon, Denies Fugitive Claim
An early Bitcoin adopter facing extradition to the U.S. for criminal tax fraud charges urged President Trump for assistance while …
New Coalition Targets Republican Tax Plans
As House Republicans left Miami without a firm plan to extend expiring provisions of the 2017 Tax Cuts and Jobs …
Draft Bill Aims to Strengthen Taxpayer Rights
Top Senate taxwriters released draft legislation Thursday that they say would “improve the taxpayer experience” — included are proposals to …
2025 Tax Filing Season Kicks Off
The 2025 tax filing season opened on January 27, with the IRS expecting over 140 million individual tax year 2024 …