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The House Ways and Means Committee held a markup session to consider the Digital Asset Tax Certainty Act, EFIN Verification Act and FULL HOUSE Act.
The National Association of Tax Professionals is asking Senate Finance Committee leaders to prod their colleagues to take up the wide-ranging legislation.
The proposed GROWTH Act would make the tax treatment of investment funds more consistent and improve the tax treatment of saving in the US by allowing investors to defer tax on qua...
The most notable tax law developments of the past month
The most notable tax law developments of the past month.
Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, H.R. 5334, 119th Cong. (2026) (enrolled bill transmitted to the President Sept. 17, 2027); 26 U.S.C. § 62(a)(2)(D), (...
Title: National Taxpayer Advocate Enhancement Act of 2025 Bill Number: H.R. 997 (119th Congress) Primary IRC Code Section Affected: 26 U.S.C. § 7803(c)(2)(D)(i) Executive Summ...
The law introduces a new framework for saving and investing for retirement and will now be sent to president Nicușor Dan for promulgation, Bursa.ro reported. “It is one of the most...
Chris Cioffi & Lauren Vella (Bloomberg Law): Republican Floats Package to Deter DSTs, Boost Foreign Credits A key Republican tax writer is floating a new package of internation...
Congressional Republicans are seeking support from the Treasury Department to examine and potentially change the tax treatment of third-party litigation financing.
H.R. 9500, 119th Cong., 2d Sess. (2026), passed the House of Representatives on September 15, 2026 On September 15, 2026, the United States House of Representatives passed H...
The proposed investment rules for Section 530A accounts, also known as Trump accounts, limit choices, and advisors say that could make decisions easier.
The Taxation Bill, which contains legislation required to enact tax initiatives announced in this year's Budget.
After the Senate passed the Taxpayer Assistance and Service Act by unanimous consent, the bipartisan bill is now in the hands of House lawmakers.
It was a big week on the regulatory front, with the industry attempting to make sense of new SEC proposals on retail alternatives and the IRS’s proposed tax changes to popular 351...
IRS Notice 2026-55, 2026-41 I.R.B. 1 (Sept. 2026). The Department of the Treasury and the Internal Revenue Service issued Notice 2026-55 in Part III of the Internal Revenue Bu...
It happens every year; the moment the government sets a date for its Autumn Budget, speculation around which measures and policies might be implemented becomes rife. Will taxes be...
Rev. Proc. 2026-20, October 6, 2026 On October 6, 2026, the Internal Revenue Service (IRS) and the Department of the Treasury issued Revenue Procedure 2026-20, which describes...
Treasury Department, Internal Revenue Service, Notice of Proposed Rulemaking: Information Reporting Regarding Qualified Opportunity Zones and Updated Qualified Opportunity Fund...
Department of the Treasury, Internal Revenue Service, Allocation and Apportionment of Deductions to Foreign Source Section 951A Category Income and Deduction Eligible Income, N...
Rev. Rul. 2026-20, 2026-20 I.R.B. 1, September 28, 2026 Notice 2026-62, 2026-20 I.R.B. 1, September 28, 2026 In a coordinated regulatory release, the Department of the Treasu...
In this installment of the Financial Planning Challenge, the hosts discuss fourth-quarter tax planning to ensure you're paying what you should.
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