Tax attorneys are pushing back against new IRS requirements for companies filing research tax credit refund claims, saying the policy is unworkable and unfair.

The scaled-back spending package Democrats are wrangling over in Washington could still include a measure to expand or temporarily remove the cap on the federal deduction on state and local taxes.

Republicans are blaming President Joe Biden’s focus on his spending plan for prolonging backlogs at ports and shortages of goods.

The IRS is considering a “hybrid” approach to brokers’ reporting of tax withholding on foreign investors’ partnership sales, an IRS official said Wednesday.

The move by Democrats to shrink President Joe Biden’s vision for the economy into a smaller package is turning to a debate over whether key benefits should be restricted to fewer, needier families -- potentially blunting both their impact and political support in suburban districts that will be battlegrounds in next year’s midterm election.

House Ways and Means Committee Chairman Richard Neal says “the administration is moving in the right direction” on a bank reporting proposal.