Congress, the IRS, Treasury and the courts.
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 Treasury Department and IRS last month proposed treating the refunded portions of four tax credits as federal public benefits, a change the IRS chief said is appropriate under a 1996 law.
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.
A House tax committee moved forward on legislation that would add a narrow $10 crypto fee exception, extend wash-sale limits to digital assets, and set ordinary-income rules for mining and staking.
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.
The Justice Department said a new $1.776 billion fund would compensate people alleging they were wrongly targeted by the Biden administration, after President Trump dropped his $10 billion IRS lawsuit.
A federal judge said Trump and his lawyers used a $10 billion IRS lawsuit to pursue taxpayer-funded benefits and audit protections, raising fresh questions about the legal status of the settlement.
A Treasury and IRS proposal would let private schools lose Section 501(c)(3) status for race-based admissions, scholarships, or programs, raising donor, endowment, and financing stakes across the sector.
A September 12 reminder from a Naperville enrolled agent firm underscores a federal tax rule many divorced filers miss: a state divorce order does not bind the IRS on a joint return, though relief may still be available under Section 6015.
AppraiseItNow said it now offers expedited appraisal reports for Forms 8283, 709, and 706 nationwide, a service aimed at taxpayers, executors, attorneys, and advisors facing tight filing deadlines.
T.D. 10054 finalizes the deduction for interest on loans for new U.S.-assembled vehicles, but income phaseouts that begin at $100,000 and $200,000 limit its value for high earners.
Rep. Jodey Arrington's proposal would stop digital-asset investors from selling at a loss and buying right back, closing a gap that has made crypto the last easy venue for loss harvesting.
Under Automatic Exemption from Penalty, late-filing, late-payment and deposit penalties are waived during processing for taxpayers with three clean years, with no phone call or request needed.