The best explainers on each story we cover, from advisors, institutions and newsrooms.
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 SECURE and SECURE 2.0 retirement plan changes do not all share one document deadline, with timing depending on whether an amendment is required or discretionary and when an item appears on the Required Amendments List.
The House Ways and Means Committee approved legislation that would repeal the new 90% cap on gambling loss deductions, but the change still needs House, Senate and presidential approval before 2027.
Australia’s Treasury is considering a response to the Bendel trust ruling, according to AFR, a sign that a court decision expected to bring certainty for private businesses may instead trigger another legislative rewrite.
A SECURE 2.0 rule now requires many workers age 50 and older with prior-year wages above $150,000 to put 401(k) catch-up contributions into a Roth account, ending the upfront federal tax break on that slice.
The IRS said some SECURE and SECURE 2.0 retirement plan amendments may be due after Dec. 31, 2026, depending on when the agency places a provision on its Required Amendments List.
Treasury and the IRS have proposed rules that would make broad racial nondiscrimination a condition of Section 501(c)(3) status for private schools, with comments due November 3 and a proposed start after May 31, 2027.
A new example making the rounds among retirement planners shows how affluent couples in their early 60s may use low-income years before age 73 to shift a large 401(k) into Roth accounts while managing tax brackets and Medicare surcharges.
The IRS says new sample forms and standardized rollover procedures are meant to streamline plan-to-plan and plan-to-IRA transfers, while Treasury weighs tougher limits on paper checks and other hurdles.
IRS Notice 2026-54 gives eligible farmers and ranchers in drought-stricken areas more time to replace livestock sold because of drought and defer tax on gains from those forced sales.
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.
Families funding Trump Accounts in 2026 have until Dec. 31, but employer contributions and pretax paycheck deferrals can also count toward the $5,000 annual cap and raise overfunding risk.
Rep. Young Kim said she questioned Treasury Secretary Scott Bessent about early feedback on TRUMP Accounts and whether Congress should pair the program with financial literacy efforts for young Americans.
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 new look at the Texas Senate race shows sharply different tax agendas, from new household deductions under Ken Paxton to higher taxes on billionaires and corporations under James Talarico.
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.
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.
Maryland has asked a circuit court to review tax court rulings that invalidated its digital advertising tax, keeping a legal fight alive over a levy tied to education funding and more than $500 million already collected.
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.
California voters will decide in November whether to impose a one-time 5% tax on the assets of roughly 250 billionaires, a proposal that could raise up to $100 billion but also faces competing measures that could block it.