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 …
Trump’s $10B IRS Suit Over Tax Data Leaks Raises Legal Issues
President Donald Trump, along with his two eldest sons and the Trump Organization, have filed a lawsuit against the IRS …
Despite Shutdown, IRS Staff to Continue Work
The IRS shared that despite a partial government shutdown, all employees will continue working this week. The agency’s employee emergency …
CPAs Urge IRS to Retain Full Workforce During Possible Shutdown
The American Institute of CPAs (AICPA) is urging the IRS and Treasury to release a contingency plan that retains 100% …
Treasury Optimistic About Tax Season Despite Concerns Over Delays
The National Taxpayer Advocate’s latest annual report to Congress warns that significant workforce reductions and complex new tax laws present …
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 …