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'Planning has been put on hold, because no one knows what the rules of the game are,' says one accounting firm partner.
December 20 -
Failure could imperil the backbone of the party’s messaging for the midterm elections.
December 20 -
In a statement, the president expressed confidence that the measure would eventually pass and urged patience as negotiations continue.
December 16 -
Action on the tax and spending bill has been punted to January.
December 16 -
Negotiations seem to be faltering between the White House and West Virginia Sen. Joe Manchin.
December 15 -
Tax pros share what aspects of the current tax legislation being considered in Congress brings the most questions from clients.
December 14 -
The House approved one of the final key steps aimed at guaranteeing an orderly transition from the discredited benchmark.
December 9 -
The most impactful laws, court decisions, regulations and IRS pronouncements of the last year.
November 30 -
The new act impacts cryptocurrency, the Employee Retention Credit and tax deadlines.
November 16 -
A look inside the current state of the Biden administration's 'human infrastructure' bill.
November 8 -
As Congress wrangles, advisors are struggling to figure out how to help clients.
October 28 -
Potential new provisions could create a seismic shift in tax.
October 28 -
Trade groups and Republicans in Congress are marshalling arguments based on privacy, constitutionality and other concerns.
October 19 -
The proposal would have banks report on accounts with more than $10,000, instead of the original $600.
September 28 -
One suggested that a two-year repeal of the $10,000 cap will be the final solution.
September 28 -
An in-depth look at the provisions being considered for the new legislation.
September 21 -
The fate of President Joe Biden’s economic agenda rests largely on Speaker Nancy Pelosi navigating deep Democratic rifts and the minefield of promises she’s made to keep the party’s moderate and progressive wings moving toward her goal.
September 20 -
Lawmakers proposed bipartisan legislation in the Senate to allow the Internal Revenue Service to postpone filing deadlines when a state-level disaster declaration is issued, rather than waiting for the federal government.
September 15 -
House Democrats are considering a two-year repeal as one of their potential paths to undoing the $10,000 cap on the federal deduction for state and local taxes.
September 14 -
Lawmakers are seeking to extend the recently expanded tax break through 2025, endorsing a key component of the president’s social safety net plan.
September 13

















