Clean Energy Sector ‘Scrambling’ to Keep Up With OBBB Foreign Entity Rules
Clean energy developers and manufacturers, especially in the wind and solar sectors, are endeavoring to fully digest stringent foreign entity …
Paperless Transition Brings Refund Delay Concerns
With the IRS’ shift to electronic tax refunds this filing season, two House Democrats cautioned that over 830,000 taxpayers are …
Treasury, IRS Officials Preview OBBB Guidance Roadmap
IRS and Treasury officials, speaking at the Federal Bar Association Tax Law Conference March 5, detailed an ambitious schedule of …
Wealth Planning Expert’s Advice on New Charitable Giving Floors
New charitable deduction floors under the One Big Beautiful Bill (OBBB) are lesser-known provisions that may sneak up on unprepared …
Downsized IRS to Shift Towards ‘Fewer’ but ‘Deeper’ Audits, Former Officials Say
The IRS is navigating human capital challenges brought on by a decade of workforce reductions, forcing the agency to pivot …
IRS Provides Details on Trump Account Elections, Pilot Contributions
The IRS released proposed regulations detailing how to elect open a Trump account on behalf of an eligible beneficiary and …
Proposed IRS Regs Offer Alternate E-Furnishing Option for Digital Asset Broker Statements
The IRS has issued proposed regs that would give digital asset brokers an optional, streamlined process for electronically furnishing a new information return …
Form 1099-DA Debut Will Test Broker, Taxpayer Readiness in Transition Year
Digital asset brokers and taxpayers are expected to face some growing pains with this tax season’s debut of a new …
Tax Pros Discuss OBBB State Conformity Challenges
As states scramble to adjust their laws after major changes to the federal tax code under the One Big Beautiful …
IRS Releases Schedule, Instructions for New OBBB Individual Deductions
The IRS has published new Schedule 1-A that taxpayers will use for tax year 2025 to claim the One Big Beautiful Bill …