Navigating the Tax Consequences of Tariff Refunds
A recent U.S. Supreme Court ruling invalidating International Emergency Economic Powers Act (IEEPA) tariffs has opened the door for companies to claim …
Group Urges Supreme Court to Hear Corporate Transparency Act Case as Lawmakers Consider Repeal
The National Small Business Association (NSBA) is taking its fight against the Corporate Transparency Act (CTA) to the U.S. Supreme …
Bill Seeks Earned Income Tax Credit Boost per Child for Working Parents
Representative Kristen McDonald Rivet (D-MI) introduced legislation that would expand the Earned Income Tax Credit (EITC) to provide working parents …
House GOP Calls for IRS, SEC Funding Cuts, Demands Resolution on Corporate Transparency Act
The House Appropriations Committee released a bill to fund IRS, SEC, and certain other regulators in fiscal year 2027, calling …
Experts Find Profitable Corporations Paid Little or No Federal Income Tax in 2025
At least 88 of the largest corporations in the U.S. paid no federal income tax in 2025, while major U.S. …
Experts Mull Revenue Raisers to Combat Budget Deficits
Tax policy experts debated whether rising federal debt poses an imminent fiscal crisis or a slower erosion of American living …
Are Further Tax Changes Possible in Reconciliation 2.0?
The likelihood of further Republican-backed tax law changes is in flux as GOP leaders pursue a second reconciliation bill — …
Final Rule on Tips Deduction Released
The IRS has finalized regulations implementing the “No Tax on Tips” provision of the One Big Beautiful Bill (OBBB) – …
DOJ Criminal Tax Section Moves Again
The Department of Justice announced that the Criminal Division’s Tax Section will now fall under the newly created National Fraud …
Crypto Users Want to Comply, but Knowledge Gaps Persist, Survey Finds
A joint survey from Coinbase and CoinTracker finds that most U.S. crypto users intend to be tax compliant but often …