Sen. Ron Wyden, D-Oregon, who is chairing the Senate Finance Committee now that Democrats have won control of the Senate, described some of his policy priorities, including the tax area where his committee has oversight.
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Feed SubscriptionIRS reports progress on Taxpayer First Act compliance
The Internal Revenue Service sent a set of recommendations to Congress for how it plans to carry out the far-reaching set of reforms.
Read More »IRS ups fees for private letter rulings
The Internal Revenue Service is increasing many of the fees for requests for private letter rulings by 26.7 percent, starting Feb. 4.
Read More »Progressives face headwinds in drive for tax hikes
Among other things, an evenly divided Senate represents a significant hurdle.
Read More »2020 year-end tax tips: What we do know and what we should know
Here are some obvious and not-so-obvious year-end tax tips to consider as we prepare ourselves and our clients for the new year.
Read More »Last chance: COVID-19 tax breaks lapse at year-end
The twin dynamics of expiring relief and a transition to a new presidential administration are making the end of 2020 a turbo-charged version of the usual rush to lock in tax reductions.
Read More »New end-of-year tax planning issues
Wolters Kluwer’s Mark Luscombe rounds up a host of items practitioners may want to address soon.
Read More »Senate runoffs complicate year-end tax planning
The outcomes of two elections in Georgia that are scheduled for Jan. 5 are expected to determine the balance of power in the Senate and may also have an impact on the kind of tax planning that accountants should be ...
Read More »Coronavirus delays IRS reorganization
The pandemic is throwing a monkey wrench into plans for the Internal Revenue Service to reorganize itself to provide better taxpayer service.
Read More »Stimulus and McConnell will likely inhibit Biden’s tax plan
The president-elect’s pledge to repeal President Donald Trump‘s tax cuts as soon as he is inaugurated may be stymied for the foreseeable future.
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