Hill Staff Say Year-End Bipartisan Tax Deal Could Still Happen

Capitol Hill tax staff haven’t ruled out an end-of-year bipartisan tax package to adjust retirement fixes and international tax issues that have gone unaddressed—even as Republican lawmakers race against the clock to pass a “skinny” reconciliation package.

Corporate Tax Disclosures Let Investors Peer Into the Black Box

Accounting Firms Navigate Compensation as AI Tools Upend Work

IRS Pivots to Fill Holes in Tax Filing Season After DOGE Cuts

How Tax Administration Reforms Could Pass Congress This Year

Bloomberg Tax Journals

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Will First Circuit Case Denham Further Muddy the NESE Tax Waters?

Deloitte’s Joseph Vetting analyzes the net earnings from self-employment tax for limited partners.

Can ESOPs Take Outside Debt to Fund the Repurchase Obligation?

Buchalter’s Zachary Wertheimer examines why third-party loans directly to employee stock ownership plans to finance repurchase liability can trigger significant ERISA risk, and presents practical considerations and important precautions for ESOP fiduciaries.

Can Disclosure Neutralize Civil Fraud? Enforcements Explored

An examination of the Tax Court’s North Donald case and whether disclosures may be used to avoid civil fraud penalties by Caplin & Drysdale and Meadows Collier attorneys.

Tax Developments

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IRS Issues Action on Decision Acquiescing in Part to Tax Court’s Mandatory 60-Day COVID Postponement Holding

The IRS issued an Action on Decision acquiescing only to the Tax Court’s holding in Abdo v. Commissioner, 162 T.C. 148 (04/02/24), that the originally enacted version of I.R.C. §7508A(d) ...

IRS Issues News Release Announcing Online Trump Account Election Functionality

The IRS issued a news release announcing that its Individual Online Account platform now allows taxpayers to view submission status and electronically submit Form 4547, Trump Account Election(s), facilitating participation ...

U.S. District Court Upholds Constitutionality of $10,000 SALT Deduction Cap

The U.S. District Court for the District of New Jersey held that the $10,000 limitation on the state and local tax (SALT) deduction under I.R.C. §164(b)(6), enacted by the Tax ...

IRS Shakeup: How Is the US Tax Agency Adapting to Trump's Vision?

Since President Donald Trump took office, the IRS has faced transformative changes, including a substantial reduction in its workforce and the appointment of seven different commissioners or acting commissioners.

Latest Stories

Trump Ordered to Address ‘Grievous’ Fraud Claims in IRS Case

A federal judge ordered President Donald Trump to respond to “grievous allegations” that his deal with the government to create a $1.8 billion fund to resolve his lawsuit against the Internal Revenue Service was the result of a “fraud” on the court.

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Austria to Sign SSA With China

The Austrian Federal Chancellery May 27 approved Bill No. 54/6, authorizing the signature of a social security agreement (SSA) with China. [Austria, Federal Chancellery, 05/27/26]

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