Ron Wyden

Charles Rettig, a tax lawyer who is Donald Trump’s pick to lead the IRS, told lawmakers Thursday he’d never represented a client who has been under a continuous agency audit for a decade, as is the case with the president, and that he doesn’t know any details of the review.

President Donald Trump’s nominee to lead the Internal Revenue Service, Charles Rettig, has spent decades helping wealthy and famous people fight the agency’s efforts to collect taxes.

A Senate hearing Tuesday indicated the politics of the tax overhaul haven’t changed since it passed in December, with Republicans singing its praises as an economist booster and Democrats torching it as a broken promise that mostly benefits the wealthiest.

The Internal Revenue Service is preparing to release draft versions of tax forms, instructions and guidance for the TCJA over the next few months.

House Republicans are approaching their next attempt at tax cuts the same way they did last year — by excluding Democrats.

A new report from Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, discusses how small businesses will face more uncertainty and complexity from the Republican tax law and will ultimately need help from their accountants to figure out the pass-through deduction.

Major corporations have authorized $200 billion in stock purchases in the two months since the passage of the new tax law while more than 55,000 American workers have been laid off, according to Senate Democrats.

The Internal Revenue Service’s acting commissioner, David Kautter, testified at a Senate Finance Committee budget hearing asking for nearly $400 million in additional funds to help the IRS administer the Tax Cuts and Jobs Act.

Treasury Secretary Steven Mnuchin said the Internal Revenue Service will issue guidance within the next two weeks to prevent hedge-fund managers from dodging new tax rules on carried-interest profits.

Tucked inside the bipartisan budget deal are a slew of tax breaks for NASCAR, Hollywood, racehorses and rum. And beer, too.

The Internal Revenue Service released updated tax withholding tables for 2018 Thursday to reflect changes for the Tax Cuts and Jobs Act, amid warnings that the tables may not be accurate and will need further refinements.

Ranking Dems are worried the Internal Revenue Service might succumb to political pressure to make it appear that tax cuts are larger than they really are.

Congressional Republicans kicked off the final leg of their six-week legislative sprint to overhaul the U.S. tax code and deliver a major policy victory for President Donald Trump before year’s end. The House is scheduled to vote Tuesday on the tax bill and Senate leaders intend to bring the measure up as soon as they get it.

Republican senators defended the late-night, early-morning debate and vote that produced their sweeping revisions to the U.S. tax code, after criticism from Democrats that the bill’s final version incorporated multibillion-dollar changes made with little discussion.

The Senate tax bill is headed for a marathon debate this week after Republican leaders brought the measure to the floor Wednesday with the goal of holding a final vote by the end of the week. Here are the latest developments, updated throughout the day.

Hours after House Republicans jubilantly passed their tax bill, their colleagues on the Senate Finance Committee approved a far different version—one that postpones difficult questions as lawmakers rush to refashion much of the U.S. economy on a tight timeline.

Here are the latest developments, updated throughout the day.

Senate Finance Chairman Orrin Hatch emerged from a bipartisan meeting with President Donald Trump saying there’s a chance that a bipartisan tax bill could emerge from his committee.

Leaders of the Senate Finance Committee said they were “taken aback” to find out the Internal Revenue Service has recently signed a $7.25 million contract with Equifax for verifying taxpayer identities after the company admitted to a massive data breach exposing the personal information of approximately half of all Americans.

Republicans unveiled a framework for their long-awaited tax reform plan Wednesday, listing a series of tax cuts but with few details on how to raise revenue to pay for the cuts.