House Republicans Introduce Broad Package of Tax Breaks
House Ways and Means Republicans have introduced a package of mostly small business tax bills which include a subsequent extension …
Reminder: 2023 Q2 Estimated Tax Payments Due June 15
In a News Release, the IRS has reminded taxpayers that the 2023 second quarter (Q2) estimated tax payment is due …
House Dem Duo Seeks Crypto Reporting Regs
A pair of Democratic House members urged the Treasury Department and the IRS to issue proposed regs reflecting digital asset …
Ways and Means Chair Introduces Bill to Remove Tax Paperwork for Small Businesses
House Ways and Means Committee Chairman Jason Smith, Republican of Missouri, and Representative Jimmy Panetta, Democrat of California, introduced legislation on June …
Biden Announces IRS Chief Counsel Nominee
President Joe Biden has tapped Marjorie Rollinson as his nominee to fill the position of IRS chief counsel, which has …
Individuals Barred from Promoting CRAT Tax Shelter Scheme
A federal district court in Missouri has barred several individuals and Hoffman Associates, LLC, from promoting, selling, or marketing a …
An Estate & Trust Professional’s Four Takeaways From Tax Season 2023
T.J. Wertman, Estate & Trust Supervisor, Boulay, PLLP Another tax season has come and gone. As we shift our focus …
Proposed 4 Percent Tax on Stock Buybacks Faces Hurdles
As the federal government continues to grapple with its budget deficit, lawmakers are proposing a new tax on stock buybacks …
Debt Ceiling Deal Would Slash Deficits by $1.5T, CBO Says
In scoring the Fiscal Responsibility Act of 2023 (HR 3746), the Congressional Budget Office estimated that the pending debt ceiling …
House GOP Conservatives Pan Debt Limit Bill, Threaten to Oust McCarthy
More than a dozen House Republicans say they won’t vote for the latest debt limit bill forged over the weekend …