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GOP Bill Targets Global Tax Deal and Foreign Tax Policies
Taxation
House Republicans have introduced the Defending American Jobs and Investment Act (H.R. 591), aiming to formalize the…
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IRS Hiring Freeze Adds Pressure During Tax Season
Taxation
President Donald Trump’s executive order—which he signed on his Jan. 20 inauguration day—imposed a federal hiring…
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Conference Speakers Discuss How to Navigate the Changing Landscape of Exempt Organizations Taxation
Taxation
The exempt tax update session at the Foundation for Accounting Education’s 47th Annual Nonprofit Conference on Jan.…
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Werfel Resigns as IRS Commissioner on Trump's Inauguration Day
Taxation
Danny Werfel said on Dec. 17 that he would be resigning from his position as IRS commissioner, according to Journal of…
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Supreme Court to Decide Fate of Corporate Transparency Act and BOI Reporting
Taxation
The U.S. Supreme Court is preparing to weigh in on the Corporate Transparency Act (CTA) and its beneficial ownership…
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Governor Hochul's Tax Plans Aim to Ease Costs for New Yorkers in 2025
Taxation
New York Governor Kathy Hochul’s 2025 State of the State address outlined her policy priorities, many of which have direct…
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IRS Targets Tax Loopholes in Partnership Transactions with New Rules
Taxation
On Jan. 10, the IRS and Treasury Department released final regulations that bring certain partnership-related transactions…
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Driving Sustainability: New IRS, Treasury Proposed Rules Propel Clean Vehicles and Fuels Forward
Taxation
On Jan. 10, the U.S. Treasury Department and IRS published a Notice of Proposed Rulemaking (NPRM) on the credit for…
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IRS Proposes New Rules for Roth Catch-Up Contributions Under SECURE 2.0 Act
Taxation
The IRS and Treasury Department have issued proposed regulations to implement key provisions of the SECURE 2.0 Act…
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