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As Biden Signs Inflation Reduction Act, Analysts Weigh in on Corporate Tax Provisions
Taxation
Following the Senate’s passage of the landmark climate and tax bill, known as the Inflation Reduction Act of 2022, a week…
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AICPA Asks IRS to Fix Problems with Practitioner Priority Service Phone Line
Taxation
In a letter to the IRS, the AICPA focused on the long wait times for calls to the agency’s Practitioner Priority Service…
Read More
D.C. Appeals Court Rules House Committee Can Get Trump Tax Returns
Taxation
A federal appeals court has ruled that the House Ways and Means Committee is entitled to receive the tax returns of former…
Read More
Senate Passes Inflation Reduction Act: Here are the Key Tax Provisions
Taxation
The Senate passed the the climate and tax legislation known as the Inflation Reduction Act of 2022 on Sunday. The bill…
Read More
Sinema Now Supports Climate and Tax Bill, But With Removal of Provision Closing Carried Interest Loophole
Taxation
Sen. Kyrsten Sinema (D-Ariz.) announced on Thursday that she will support the climate and tax legislation known as the…
Read More
IRS Alerts Tax Pros: Be Aware of Signs of Identity Theft
Taxation
The IRS has issued a warning to tax professionals to be on the lookout for several tell-tale signs of identity theft. The…
Read More
A Deeper Look at the Major Tax Provisions of the 2022 Inflation Reduction Act
Taxation
Late last week, Sen. Joe Manchin (D-W.Va.) announced that he would support a climate and tax bill known as the Inflation…
Read More
IRS Acknowledges Sending Erroneous Balance Due Notices to Some Married Couples
Taxation
The IRS has issued a statement acknowledging that some payments made for 2021 tax returns were not correctly applied to…
Read More
Reversing His Recent Position, Manchin Now Says He Agrees to Climate and Tax Bill
Taxation
Sen. Joe Manchin (D-W.Va.) yesterday agreed to a bill that would provide hundreds of billions of dollars for climate and…
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