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 …
Stakeholders Urge IRS to Retain Carveout in Syndicated Conservation Easement Regs
Various tax and land conservancy organizations are imploring the IRS to retain a carveout for donee organizations in forthcoming final …
Ways and Means Committee Releases Oversight Plan for New Congress
The House Ways and Means Committee, now under Republican management, has poised itself to monitor IRS performance and enforcement activities …
Law Professor: IRS Should Embrace Race Data to Promote Equity
Although the IRS has historically and purposefully maintained a policy of racial neutrality in its data collection, a proactive policymaking …
IRS Extends Lookback Period for Covid-19 Era Refund Claims
The IRS has modified the lookback period for refund claims on returns with due dates that were postponed due to …