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IRS Reevaluates Service Projects as Budget Cuts Bite
Accounting
The IRS is taking a second look at its taxpayer service overhaul after recent staffing and funding cuts disrupted its…
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Treasury Faces Tight Timelines on New Tax Law Guidance
Accounting
According to a report by Accounting Today, the Treasury Department and IRS are under pressure to issue guidance for the One…
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House Republicans Begin Shaping Second Trump Budget Bill
Accounting
Just weeks after the passage of President Donald Trump’s sweeping $3.4 trillion tax and spending bill, House Republicans…
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Supreme Court Ruling Paves Way for Deep IRS Workforce Cuts
Accounting
The U.S. Supreme Court has cleared the way for President Donald Trump’s sweeping plan to reduce the federal workforce,…
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Wall Street’s Latest ETF Skips Dividends to Minimize Taxes
Accounting
A new exchange-traded fund (ETF) set to launch this week is drawing attention not for what it includes, but for what it…
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The Big Beautiful Bill's Major Tax Provisions
Accounting
On July 4, President Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law, following narrow votes in both…
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IRS Withdraws Proposed Regulation on Built-In Gains and Losses Under Section 382
Accounting
The IRS has decided to step back from its proposed regulations on the treatment of built-in gains and losses under Section…
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New Global Ethics Standards Bring Tax Planning Back to First Principles
Accounting
The International Ethics Standard Board for Accountants’ first global Ethics Standards on Tax Planning took effect Jul.1,…
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Senate Budget Bill Would Keep SALT Deduction, Reshape Other Key Tax Rules
Accounting
Senate Republicans are working to keep a higher state and local tax (SALT) deduction in their budget bill, a major move…
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