Taxes September 5, 2025
In a letter, the Association of International Certified Professional Accountants requested guidance and made recommendations on the Pillar Two framework co-existing with U.S. tax rules for U.S. multinational enterprises in a side-by-side system to the OECD.
Taxes September 3, 2025
The Treasury Department and the IRS issued a notice on Aug. 19 proposing to tweak rules that currently "may serve as an impediment to publicly traded foreign corporations redomiciling into the United States."
Taxes August 27, 2025
The Treasury Department and the IRS said Aug. 20 that they intend to issue proposed regulations withdrawing the DPL rules and related modifications to the dual consolidated loss rules that were finalized toward the end of the Biden administration.
IRS August 8, 2025
Treasury Secretary Scott Bessent will add acting IRS chief to his duties until Long's replacement is installed.
Taxes August 7, 2025
On MSNBC’s “Morning Joe,” Eugene Robinson walked Treasury Secretary Scott Bessent through addressing the “confusion” when it comes to whether a U.S. importer or another country would have to pay for tariffs.
Accounting July 21, 2025
In a letter sent to Treasury and the IRS earlier this month, the AICPA requested additional guidance related to catch-up contributions designated as Roth contributions within Section 603 of the SECURE 2.0 Act of 2022.
Payroll July 8, 2025
Justices let President Trump move ahead with plans to dramatically reduce the size of the federal government, lifting a court order that had blocked several departments and agencies, including the IRS, from slashing their workforces.
Taxes July 8, 2025
In an executive order signed on July 7, President Donald Trump instructed the Treasury Department to strictly enforce the termination of the clean energy production and investment tax credits in the tax code for wind and solar facilities.
IRS June 12, 2025
A coalition representing tax professionals urged the Treasury Department in a letter to take immediate steps to preserve core IRS functions—for both taxpayers and practitioners—amid workforce reductions at the tax agency.
Taxes June 12, 2025
The Treasury Department is considering changing rules to revoke tax-exempt status for colleges that consider race in student admissions, scholarships, and other areas.
Taxes April 23, 2025
Lawrence Summers said that the Trump administration’s moves to downsize the IRS, along with other changes, are likely to incentivize reduced tax-payment compliance.
IRS April 19, 2025
Treasury Secretary Scott Bessent appointed his deputy, Michael Faulkender, as the next acting chief of the IRS after reports the current leader of the agency, Gary Shapley, had been installed at the urging of Elon Musk without Bessent’s knowledge.