Senators decry Treasury refusal to amend private jet valuation rule
A group of senators criticized the Treasury Department for refusing to amend the Standard Industry Fare Level (SIFL) valuation rules …
Senators raise concerns about potential misuse of alternative fuel excise tax credit
A group of Democratic senators has asked the Treasury Inspector General for Tax Administration (TIGTA) to investigate the IRS’ legal …
Domestic entities off the hook for beneficial ownership reporting under final rule
Treasury’s Financial Crimes Enforcement Network (FinCEN) has released a long-awaited final rule removing the requirement for U.S. entities and persons to report …
Trump Account App Released Ahead of Initial Contribution Date
The Treasury Department announced on Thursday that the app for managing Trump accounts, a new tax-favored account for children, is now available …
Trump Ends $10B Legal Battle With IRS as DOJ Orders Settlement Fund
President Donald Trump has filed a notice of voluntary dismissal in his $10 billion lawsuit against the IRS and the …
Treasury Official Unpacks Conservation Easement Settlement Offer, Previews Future Plans
On May 13, the IRS announced yet another opportunity for taxpayers involved in conservation easement disputes to settle their case. A day …
Dems Oppose Treasury on Partnership Rules, Refundable Credits
Democratic lawmakers sent separate letters to Treasury Secretary Scott Bessent on April 21, 2026, opposing two Treasury Department proposals: one …
Debate Over Indexing Capital Gains to Inflation Reignites
A coalition of conservative groups and Republican lawmakers is pressing the Treasury Department to unilaterally index capital gains for inflation, …
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 …
IRS Falling Behind on Paperless Processing Goals
The IRS has made limited progress in its efforts to digitize tax returns and may struggle to meet a federal …