Kevin Brady

Legislation relating to family savings and startup expensing passed in one chamber of Congress, but is not likely to go through in the Senate before the end of the year.

A Republican effort to make last year’s individual tax changes permanent is expected to be approved by the House on Friday, before the initiative likely gets shelved because the Senate won’t act on it.

The attempt to build on the TCJA may bog down in the Senate.

House Ways and Means Committee Chairman Kevin Brady, R-Texas, and other Republicans on his committee have sent a letter to the Internal Revenue Service asking for more detailed guidance for taxpayers about virtual currencies such as Bitcoin and Ethereum.

The legislation would permanently extend the individual and small business provisions of the Tax Cuts and Jobs Act that are set to expire in 2025.

The Beverly Hills tax attorney faces significant challenges at the agency.

The legislation aims to make cuts for individuals permanent, but isn’t likely to go far in the Senate.

House Ways and Means Committee chairman Kevin Brady, R-Texas, plans to introduce legislation next week to make permanent the individual and small business tax breaks from the Tax Cuts and Jobs Act.

GOP leaders may drop the effort for further tax legislation, fearing it could backfire by antagonizing voters in some hotly contested Congressional districts.

House Republicans unveiled a broad outline on Tuesday for their next phase of tax code changes, which steered clear of correcting technical mistakes from last year’s overhaul.

Republicans are promising Tax Reform 2.0, but only a few measures may get approved.

The House Ways and Means chairman hopes to begin circulating draft legislation this summer, but only among his Republican colleagues. He envisions tax reform 2.0 as a package of three or four bills, instead of a single piece of legislation like the Tax Cuts and Jobs Act that Congress passed last December.

The IRS’s new 1040 tax form doesn’t exactly fit on a standard postcard as Republicans promised, but it’s smaller and simpler than before — and it may push more filers to use software rather than in-person tax preparers.

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

Bipartisan legislation to modernize the Internal Revenue Service comes a day after a computer crash disrupts Tax Day filing.

For Tax Day this year, House lawmakers are focusing on a familiar target — the Internal Revenue Service.

The National Association of Enrolled Agents sent a letter to members of Congress’s tax-writing committees calling for a series of changes at the Internal Revenue Service.

The omnibus appropriations bill that lawmakers are expected to approve ahead of a Friday deadline to avoid a government shutdown includes extra money for the Internal Revenue Service to implement the Tax Cuts and Jobs Act, while changing a provision in the TCJA that advantaged farm cooperatives over other types of grain companies.

Republicans are looking to act a lot faster than originally expected to keep the new individual tax breaks from expiring in 2025.

Tax breaks for individuals should be made permanent in future legislation, according to the incoming White House economic adviser.