Steven Mnuchin

Rep. Richard Neal, D-Mass., is planning to hold a hearing next Thursday about what the government standoff means for U.S. taxpayers.

House Ways and Means Committee Chairman Richard Neal, D-Mass., is asking the Internal Revenue Service and the Treasury Department to explain what impact the partial government shutdown will have on the upcoming tax season.

Treasury Secretary Steven Mnuchin attempted to salve worries about the federal government’s partial shutdown.

Changes in the Tax Cuts and Jobs Act impose new taxes on groups like churches and charities that offer free parking to clergy and employees.

The Internal Revenue Service unveiled proposed regulations Friday for what Treasury Secretary Steven Mnuchin says could be a $100 billion investment opportunity for real estate and businesses in distressed areas.

The Internal Revenue Service proposed regulations Thursday that would soften the blow of a new levy targeting companies that book income in low-tax countries.

The move will permit a workaround for businesses to the $10,000 limit on state and local tax deductions in the Tax Cuts and Jobs Act.

The Internal Revenue Service and the Treasury Department are following up on their threat to forestall attempts by states to get around the $10,000 limit in the Tax Cuts and Jobs Act on deductions of state and local taxes by setting up state-run charitable contribution funds.

The Internal Revenue Service put the tri-state area on notice: The charitable workarounds New York, New Jersey and Connecticut approved following the new federal cap on deductions for state and local taxes aren’t acceptable to the federal government.

A broad coalition of hundreds of industry associations and companies sent a letter Wednesday to Treasury Secretary Steven Mnuchin urging him to resolve errors in last year’s tax code overhaul related to depreciation rules and net operating loss carrybacks.