Senate Republicans Blast Biden’s Budget Proposal
Republicans on the Senate Budget Committee fiercely criticized President Biden’s $6.9 billion budget proposal during a March 15 hearing, charging …
Sec. 179D Scores Wins in Congress, Tax Court, Tax Pro Says
Recent legislation and litigation involving the property deduction for energy efficient building projects should be seen as two major victories …
Transfer Pricing Enforcement, Advance Agreement Changes Coming, IRS Official Says
As part of the IRS’ hiring initiatives, increased staff will focus on transfer pricing noncompliance using sophisticated data analytics, according …
Ways and Means Republicans Grill Treasury Secretary Over Biden’s Budget
In a combative hearing, Republican majority members of the House Ways and Means Committee lambasted President Biden’s 2024 budget and …
Biden’s Budget Calls for Increased Taxes on the Wealthy to Reduce Deficit
President Biden’s $6.8 trillion budget proposal calls for nearly $5 trillion in tax increases on the wealthy and large corporations to help …
Senate Advances Werfel Confirmation as IRS Commissioner
The Senate on March 8 agreed by a vote of 51-44 to end debate on the nomination of Daniel Werfel …
Housing Advocates Urge Congress to Enact Tax Policies for New Homebuyers
Supporters of affordable housing from around the country are pressing Senate tax writers to advance tax policy that they believe …
Ways and Means Demands Answers on Form 990-T Leaks
House Ways and Means Committee leadership has urged the IRS to supply documents and information relating to two incidents last …
Democratic Bill Would Provide Transparency in Corporate Use of Tax Havens
A group of 11 Democratic Senators are backing legislation to provide transparency around corporations’ use of tax havens and incentives …
IRS Commissioner Nominee Advances to Full Senate Vote
The Senate Finance Committee voted on 17-9 March 2 to send the nomination of Daniel Werfel as IRS commissioner for …