Ron Wyden

The Internal Revenue Service is sending $500 payments to the children of some stimulus relief recipients who hadn’t gotten that part of the aid package after lawmakers complained that the agency wasn’t moving fast enough.

The group wrote to legislators supporting ‘The Taxpayer Protection and Preparer Proficiency Act.’

In a letter to leading legislators, the group also urged them to make businesses expenses paid with PPP money deductible.

Democrats in Congress are criticizing how millions of economic impact payments authorized under the CARES Act are being handled.

The final IRS and Treasury rules let taxpayers exclude certain income from their GILTI computation.

The Senate and House passed bipartisan legislation to help nonprofits remain financially viable during the COVID-19 pandemic.

The unemployment rate fell to 11.1 percent, as employees returned to work despite the ongoing spread of COVID-19.

In response to the coronavirus, the Internal Revenue Service and the Treasury are giving renewable energy companies more time to develop projects using sources such as wind and geothermal.

A bipartisan group of lawmakers has introduced legislation to close a loophole in the CARES Act.

The decision, prompted by requests from a bipartisan group of lawmakers, reverses previous IRS guidance.

A bipartisan group of lawmakers introduced legislation Wednesday to enable small businesses to deduct their expenses even if they have received a loan from the federal government’s Paycheck Protection Protection Program that was later forgiven.

Leaders of Congress’s tax-writing committees want employers to be able to continue providing health insurance to their furloughed employees and still qualify for tax credits.

Republicans and Democrats in the Senate have released separate sets of tax proposals aimed at alleviating the effects of the coronavirus pandemic, in contrast to the two bipartisan bills that have been signed into law already.

Sen. Ron Wyden, D-Ore., the top Democrat on the Senate Finance Committee, and Sen. Sherrod Brown, D-Ohio, have introduced legislation to block the Treasury Department from providing a way for multinational corporations to choose the lowest available tax rate.

A group of 27 Democratic senators is calling for action in the Senate Finance Committee on extending energy-related tax credits and examining new tax proposals, especially those that incentivize renewable energy projects.

A group of Senate Democrats has launched an investigation of the regulatory process for the Tax Cuts and Jobs Act and the ways in which exceptions were made for corporations as a result of fierce lobbying with the passage of the 2017 tax overhaul.

Once heralded as a novel way to help distressed parts of the U.S., opportunity zones are now being slammed as a government boondoggle.

Moderate Democrats in Congress are crafting viable alternatives to Elizabeth Warren’s wealth tax, amid increasing concerns that her soak-the-rich strategy won’t pass even if the party captures both chambers of Congress in 2020.

Sen. Ron Wyden, D-Ore., the top Democrat on the Senate Finance Committee, teamed up with several of his fellow Democrats on new legislation and investigations of reported abuses of the opportunity zone tax break for real estate investors.

The ranking Democrat on the Senate Finance Committee wants to create two new tax incentives to help small businesses owned by women to hire and grow and get access to capital.