Treasury Department

The Finance Committee is expected to approve Trump’s nomination of a tax attorney as the next head of the Internal Revenue Service.

Many tax-exempt groups that participate in politics will no longer be required to disclose their donors to the Internal Revenue Service, the Treasury Department said.

CPAs and EAs are raising objections to the draft version of the Employee’s Withholding Allowance Certificate.

U.S. Treasury Department rules outlining which businesses structured as S corporations, partnerships and limited liability companies can claim a 20 percent tax deduction are likely to be delayed until the end of July, according to a senior administration official.

The draft version of the streamlined form tries to deliver on one of the promises of the tax simplification effort, but adds more schedules.

National Taxpayer Advocate Nina Olson released her mid-year report to Congress Wednesday, spotlighting her top areas of concern, particularly how the new tax overhaul will be implemented.

The short form would fulfill one of the promises of last December’s tax overhaul.

The Internal Revenue Service and the Treasury Department are going to amend the Section 987 regulations to postpone them for another year.

Private universities won’t be taxed on unrealized income from their billions of dollars in assets before the levy was approved.

The Internal Revenue Service said Friday it plans to issue regulations may limit the impact of a new excise tax on the endowments of private colleges and universities under the new tax law.