Tax

Charles Rettig, President Donald Trump’s nominee to head the IRS, omitted mention on a disclosure form that the two rental properties in Hawaii in which he has a stake are at a Trump-branded resort, according to a memo by the top Republican and Democrat on the Senate Finance Committee.

Charles Rettig, a tax lawyer who is Donald Trump’s pick to lead the IRS, told lawmakers Thursday he’d never represented a client who has been under a continuous agency audit for a decade, as is the case with the president, and that he doesn’t know any details of the review.

The service has set a five-year strategic plan and goals

The House Ways and Means chairman hopes to begin circulating draft legislation this summer, but only among his Republican colleagues. He envisions tax reform 2.0 as a package of three or four bills, instead of a single piece of legislation like the Tax Cuts and Jobs Act that Congress passed last December.

The Internal Revenue Service has been leading the charge on investigations of Bitcoin users, with more on the way now that it has access to information from at least 14,000 customers of Coinbase.

President Donald Trump’s nominee to lead the Internal Revenue Service, Charles Rettig, has spent decades helping wealthy and famous people fight the agency’s efforts to collect taxes.

The IRS’s new 1040 tax form doesn’t exactly fit on a standard postcard as Republicans promised, but it’s smaller and simpler than before — and it may push more filers to use software rather than in-person tax preparers.

National Taxpayer Advocate Nina Olson released her mid-year report to Congress Wednesday, spotlighting her top areas of concern, particularly how the new tax overhaul will be implemented.

The smaller 1040; Wayfair wrinkles; no do-over on fraudulent returns; and other highlights from our favorite tax bloggers.

The Supreme Court’s sales tax decision creates complications for states and businesses alike, experts say.