Podcast: Breaking Down the Tax Reporting Proposal and Its Path in Congress
The fight on Capitol Hill over the Biden administration's controversial tax proposal is likely to go on for another four ...
Tag: IRS
Yellen Keeps Up Push for IRS Reporting Proposal in Spending Bill
Treasury Secretary Janet Yellen this week called on House Ways and Means Committee Chairman Richard Neal (D-Mass.) to include in ...
Crapo, Brady Introduce Bill to Block IRS Tax Reporting Changes
Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and House Ways and Means Committee Ranking Member Kevin Brady (R-Texas) today ...
GOP Lawmakers Raise Concerns about Tax Reporting Provision
A group of 141 Republican lawmakers led by Rep. Tom Emmer (R-Minn.) today wrote to congressional leaders, Treasury Secretary Janet ...
As Congress Considers Action on IRS Reporting Proposal, Bankers Urged to Take Action
With Congress expected to begin considering a new tax reporting requirement that would require banks to report information on account ...
ABA Supports Amendment Blocking Creation of New Account Flow Reporting Requirements
ABA today wrote to Senate leaders in support of an amendment to the budget resolution put forth by Sen. Mike ...
Treasury Expands Paid Leave Tax Credit for COVID-19 Vaccinations
To encourage more Americans to get vaccinated against COVID-19, the Treasury Department today announced that it will allow certain eligible ...
Online Child Tax Credit Tool Available in Spanish
The Internal Revenue Service released a Spanish-language version of its online tool that helps users determine whether they qualify for ...
IRS: Child Tax Credit Recipients Now Able to Submit Direct Deposit Information
Families eligible to receive the expanded child tax credit payments now have the ability to update their bank account information ...
IRS Provides Yearlong Extension to Relief from Physical Presence Requirement
Last week, the IRS extended through June 30, 2022, its temporary relief from the physical presence requirement for spousal consents ...
