Weekly Report from Washington, D.C.
The Senate approved a bill that includes an increase in the penalty for failure to file a return. The Treasury Department announced a revised U.S.…
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Returning to Capitol Hill, House Speaker Paul Ryan, R-Wis., discussed some of his plans for 2016. The IRS withdrew regulations about substantiating certain charitable contributions…
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With lawmakers on their holiday recess during the final weeks of 2015, the IRS issued guidance on the Health Care Tax Credit (HCTC), Type III…
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The IRS announced an increase in the tangible property expensing threshold for taxpayers without applicable financial statements (AFS). While on their Thanksgiving recess, lawmakers continued…
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The House and Senate are preparing to go to conference after the House approved a six-year highway bill by a vote of 363 to 64.…
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While Congress continued its August recess, the IRS issued guidance in a number of areas, including rules on foreign currency debt transactions and proposed rules…
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The Senate Budget Committee held a field hearing during the August recess to learn more about the government’s efforts to curb stolen identity refund fraud.…
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While Congress continued its August recess, the IRS issued guidance in a number of areas. The Service also acknowledged that the breach of one of…
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A bipartisan group of House lawmakers asked Treasury Secretary Jack Lew to personally review the IRS’s performance during the 2015 filing season. The IRS announced…
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Lawmakers have started their August recess, but before breaking the Senate Finance Committee (SFC) issued a report on the IRS’s processing of applications for tax-exempt…
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