Finance, investment and tax-related legislation

The American Institute of CPAs sent a set of tax reform recommendations to Senate Finance Committee chairman Orrin Hatch, R-Utah, as the committee held back-to-back hearings Tuesday morning on tax reform and confirmation of an Assistant Secretary of the Treasury who will be in charge of tax policy and came from a firm that promoted controversial tax shelters.

15 regs, court cases, revenue procedures and other tax-related news practitioners should take note of.

A group of Democrats led by Sen. Elizabeth Warren, D-Mass., and House Ways and Means Committee ranking member Richard Neal, D-Mass., has introduced legislation to allow same-sex couples who were previously barred from filing taxes jointly to now submit amended returns dating back to the year of their marriage.

A bipartisan group of lawmakers has introduced legislation to provide taxpayers more rights to have their cases heard by the Internal Revenue Service’s Office of Appeals.

Attempts to build an approach with broader support may risk support from moderate Republicans.

Members of Congress introduced bipartisan legislation to require anonymous shell companies to disclose their beneficial owners in an effort to uncover tax evasion, money laundering, terrorism financing and other crimes.

Not all changes to the code need to come from tax legislation.

The House passed legislation Tuesday to simplify state income tax rules for employees who travel across state lines.

The American Institute of CPAs observed a moment of silence at its Spring Meeting of Council in Washington, D.C., on Tuesday morning following the suicide bombing on Monday night at an Ariana Grande concert in Manchester, England.

President Trump has nominated David Kautter, partner-in-charge of the Washington National Tax practice of RSM US, as Assistant Secretary of the Treasury for Tax Policy.