Finance, investment and tax-related legislation

The state CPA association worries about a ‘privatized IRS.’

The tax-writing panel voted on a bipartisan basis to approve a set of bills to “redesign” the Internal Revenue Service.

Republicans are already facing a possible Democratic takeover of the House in the November elections, setting off a GOP leadership battle.

The Republican and Democratic leaders of the House Ways and Means Oversight Subcommittee released legislation to ‘redesign’ the Internal Revenue Service.

The National Association of Tax Professionals weighed in on legislation that aims to improve the service.

The institute also recommends a congressional mandate for preparer testing and CPE.

The leaders of a congressional subcommittee overseeing the Internal Revenue Service released draft legislation to overhaul the IRS for the first time since 1998.

The $1.3 trillion omnibus appropriations bill passed by Congress last week includes some modifications to the Internal Revenue Service’s centralized audit regime for auditing large partnerships.

The Internal Revenue Service is prepared to handle three popular provisions that had expired for 2017 but were recently given new life by Congress.

President Trump signed into law H.R. 1892, the Bipartisan Budget Act of 2018, just hours after the Senate passed the bill by a vote of 71-28 and the House by a margin of 240-186 this month.