Corporate Transparency Act challenges still pending as SCOTUS term wraps up
The U.S. Supreme Court wrapped up its October 2025 term last week but has yet to reveal whether it will …
House taxwriters approve taxpayer rights, administrative bill package
The House Ways and Means Committee has approved a package of seven bills aimed at protecting taxpayer rights, improving IRS …
Ways and Means meets on sports tax issues, from NIL to stadium subsidies
The House Ways and Means Committee held a hearing June 30 to review federal tax policy in the multibillion-dollar sports …
Researchers link IRS staffing cuts, reporting gaps to weaker compliance
Reductions to the IRS workforce and the current design of information reporting both hamper voluntary compliance and the tax gap, …
Senators split over tax fixes as Social Security insolvency looms
The Senate Finance Subcommittee on Social Security, Pensions, and Family Policy met June 24, to weigh the future of Social …
Global tax complexity outpaces simplification, survey finds
Rising complexity and compliance burdens pose the biggest tax policy challenge for global businesses, according to a Deloitte survey of 1,010 tax …
When Is a Home Sale Really Tax-Free?
According to the National Association of Realtors, over four million existing U.S. homes were sold in 2025, with a median …
IRS Office of Professional Responsibility issues guidelines on AI use in tax practice
The IRS Office of Professional Responsibility (OPR) has released new introductory guidelines clarifying how existing professional standards under Circular 230 …
Sanders calls for tax on ‘systemically important AI activity,’ payable in equity
Senator Bernie Sanders (I-VT) has proposed a remittance tax on certain artificial intelligence companies amounting to 50% of the company’s …
Qualified Opportunity Zone transitional guidance issued
The IRS released transitional guidance on Qualified Opportunity Zones (QOZs) following recent legislative changes. The guidance addresses how investors and …