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Tax Law & IRS
Congress, the IRS, Treasury and the courts.
49 stories
A new IRS automatic penalty-relief program covers some filing and payment penalties, but it does not extend to key international information returns, leaving potentially steep exposure for cross-border filers.
A new argument against wealth taxes focuses less on rates and revenue than on what enforcement would require: deeper IRS access to household balance sheets, asset valuations, and disputes over private holdings.
Treasury and the IRS have proposed rules saying private schools and universities that engage in racial discrimination would not qualify for federal tax-exempt status, though the proposal is not yet final.
A new policy paper argues Congress still has not resolved when staking and mining rewards should be taxed, leaving taxpayers to rely on IRS guidance as court disputes continue.
The IRS said eligible farmers and ranchers in 49 states, the District of Columbia and Puerto Rico may get more time to replace livestock sold because of drought and defer tax on related gains.
Noble Tax Relief said it has expanded attorney-led IRS collection defense services in the Chicago area, targeting taxpayers facing liens, levies, wage garnishments and other federal enforcement actions.
Fair Tax Solutions said it is hosting a free Marietta workshop on IRS tax-debt resolution options, highlighting installment plans, offers in compromise, penalty relief, appeals, and currently not collectible status.
The Texas tax resolution firm said it is offering representation for IRS collections, wage garnishments, bank levies, unfiled returns, and certain state tax matters for individuals and small business owners.
New IRS guidance gives eligible farmers and ranchers in drought-affected areas more time to replace breeding, dairy, and draft livestock and defer tax on gains from forced sales.
The IRS said farmers and ranchers forced to sell breeding, dairy, or draft livestock because of drought may get more time to replace animals and defer tax on gains in most of the country.
A House tax-writing committee advanced H.R. 10357 after proposing a narrow $10 exemption for certain crypto fees, new wash-sale rules, stablecoin basis changes, and ordinary-income treatment for staking rewards.
The IRS said farmers and ranchers in 82 Nebraska counties may get more time to replace draft, dairy, or breeding livestock sold because of drought and defer tax on eligible gains.
The IRS said farmers and ranchers forced to sell breeding, dairy or draft livestock because of drought can get more time to replace animals and defer tax on related gains.
A House tax package filed September 15 would exclude certain crypto network fees of $10 or less from gain-or-loss recognition and, for the first time, apply wash-sale rules to digital assets.
House tax writers released a 114-page digital asset bill ahead of a September 16 markup, proposing a $10 fee exemption, crypto wash-sale rules, and ordinary-income treatment for mining and staking rewards.
Senate Finance Committee questions for Jim Gadwood and Andrew De Mello could shape how the IRS handles audits, taxpayer privacy disputes, and court challenges under the Trump administration.
Treasury and the IRS have proposed regulations that would deny tax-exempt status to private schools with discriminatory policies, with the rules slated to apply to taxable years beginning on or after May 31, 2027.
A Utah divorce buyout highlights a federal tax rule that can spare the spouse receiving cash today while shifting the home’s embedded capital gain to the ex who keeps the property.
New IRS guidance outlines a 2026 emissions rate table, a 2025 safe harbor, and transition rules for the Section 45Z clean fuel production credit, with added detail for manure-derived fuels and regenerative practices.
A report on Florida Senate nominee Angie Nixon said she owed nearly $14,000 to the IRS and about $17,600 in federal student loans, putting attention on payment-plan rules and debt disclosure requirements.
Treasury and the IRS have proposed rules that would bar tax-exempt private schools from any race-based discrimination in admissions, aid, athletics, and other programs, with an effective date tied to tax years after May 31, 2027.
A growing bipartisan discussion in Washington about raising or removing Social Security’s payroll tax cap could shift more of the program’s funding burden to top earners while helping reduce future benefit cuts.
A proposed Treasury and IRS rule would let private schools, colleges, and trade schools lose 501(c)(3) status for using race-based preferences, raising immediate questions for donors, boards, and planned gifts.