Carbon Capture Credit Safe Harbor Creates 2025 Backup Reporting Method
The Treasury Department and the IRS have released guidance providing a safe harbor for taxpayers claiming the tax credit for …
Dems Press Treasury on Retroactive R&E Expensing ‘Loophole’
Nine congressional Democrats urged Treasury leaders not to establish a Corporate Alternative Minimum Tax carveout for companies that accelerate their …
Senate Funding Plan for IRS, SEC Unveiled
Senate appropriators released their fiscal year 2026 funding plan for Treasury, the IRS, and the SEC on November 24, 2025. …
Treasury Taps ‘IRS CEO’ as Agency Navigates Overhaul During Shutdown
With the government shut down and the IRS on a trajectory towards a slimmer workforce, the Treasury Department announced the …
Deputy Treasury Secretary: Ideal Tax System Needs a ‘Common Sense’ Approach
The most recent acting IRS commissioner told an audience of tax data analysts that research into administrative and policy matters …
Treasury Seeks Pause in Corporate Transparency Act Case
After dialing back the Corporate Transparency Act’s beneficial ownership information reporting requirements last month, the Treasury Department is now moving …
IRS Drops 9 ‘Unnecessary’ Guidance Items; Treasury Scraps Financial Regs
As part of the Trump administration’s government-wide push for deregulation and smaller overall workforce, the IRS and the Treasury Department …
Werfel Announces Leadership Restructuring Coming in Early 2024
IRS Commissioner Danny Werfel, in News Release 2023-237, announced his plans to restructure the leadership at the agency. The new …
IRS Spending Plan Elicits Mixed Reactions From Congress, Policy Groups
Following the release of the much-anticipated spending plan for how the IRS intends to deploy the $80 billion appropriation granted by the …
Senator Gary Peters Urges Regulators to Finish Dodd-Frank Incentive Compensation Rules in Light of Bank Failures
Senator Gary Peters, a Democrat from Michigan, urged financial regulators to quickly finish writing a crucial Dodd-Frank rule related to …