Bessent Discusses Vision for IRS, Tax Reform with Lawmakers
House appropriators questioned Treasury Secretary Scott Bessent about shifting priorities for the IRS under the Trump administration and ongoing tax …
House Republicans Advance Tax Reform Blueprint as Dems Rally Against Trump Plans
After a false start Wednesday, House Republicans approved the Senate-amended budget framework, 216-214, setting up tax reform via the reconciliation process. …
One Tax Reform Hurdle to Watch
As House Republicans ponder whether the Senate’s tax reform blueprint would drive deficits to an untenable level, another potential issue with the …
Tax Reform Scoring Tactic Risky, Say Experts
As the Senate gears up to consider the “one, big beautiful bill” on tax reform, immigration, defense, energy, and more, …
Senate, House Moving Forward with Separate Tax Reform Approaches
The House is forging ahead with its budget resolution — setting up expedited consideration of a broad bill that includes tax reform …
House Republicans Push for Legislation on TCJA ‘Big Three’
A large coalition of House Republicans called for year-end legislation addressing three business tax areas of the Code altered by …
2023 Tax Outlook Pt. 1: Lame Duck Session, Split Congress Expectations
This two-part series forecasts tax developments the remainder of this month and the new year will bring. Part 1 begins …
Senate Committee Approves Budget Increase for IRS
The Senate Appropriations Committee on Sept. 19 voted to advance the FY2020 Financial Services and General Government Appropriations Act, which …
Chief Counsel updates guidance on assessing interest and penalties on criminal restitution
Background. Under Code Sec. 6201(a)(4)(a), the IRS may assess and collect criminal restitution ordered pursuant to 18 USC 3556 for failure to pay any …
Brady releases discussion draft of the “Tax Technical and Clerical Corrections Act”
Rep. Kevin Brady (R-TX), outgoing Chairman of the House Ways and Means Committee, has released the “Tax Technical and Clerical …