‘New’ Extenders Could Drive Congressional Action During Lame Duck
A handful of popular tax provisions in the Tax Cuts and Jobs ACT (TJCA, PL 115-97) set to expire soon could …
US, EU Hope to Hash Out Electric Vehicle Credit Tiff
The European Union’s concerns over the Inflation Reduction Act’s modified tax incentives for purchases of electric vehicles have been acknowledged, …
Extending TCJA Tax Cuts Would Cost $3T, Policy Group Finds
According to new analysis by a tax policy think tank, the budget deficit would increase more than $3 trillion over …
Wyden Presses Crypto Exchanges on Customer Protection
In the wake of a high-profile cryptocurrency exchange’s fall from grace, the Senate’s top tax writer is seeking answers from …
Tax Court: 90-Day Filing Deadline Jurisdictional; Can’t Be Equitably Tolled
Code Sec. 6213(a)‘s 90-day time limit to file a petition with the Tax Court is jurisdictional and, thus, cannot be …
Deadline Fast Approaching for Setting Budget Levels, Extending Temporary Funding
Funding the government to avert a shutdown before a December 16 deadline is must-pass legislation for Congress as the clock …
Republican Members Vie for Spot on House Ways and Means Committee
There are at least 10 Republicans vying for eight possible seats on the powerful House Ways and Means Committee in …
IRS to Hire New Wave of Customer Service Reps
The IRS is set to begin using its new funding from the Inflation Reduction Act (PL 117-169) to onboard hundreds …
Latest Crypto Exchange Bankruptcy Spurs Tax Confusion
As another major cryptocurrency trading platform succumbs to market instability and files for bankruptcy in what has been a cataclysmic …
Biden Announces IRS Commissioner Nominee
President Biden, on November 10, 2022, announced that he intends to nominate Daniel Werfel to succeed Charles Rettig as IRS …