Tax

Congressional Democrats are at odds over President Biden’s economic agenda, even as party leaders aim to have a deal outline by the end of the week.

The spending package could still include a measure to expand or temporarily remove the cap on the deduction on state and local taxes.

Under the 2017 Tax Cuts and Jobs Act, R&E expenses paid or incurred after 2021 must be capitalized and amortized over five years (15 years if research is performed overseas).

Lawmakers are rejiggering the proposal after a wave of criticism by Republicans and bank lobbyists.

South Dakota’s new industry; a little clarity on contractors; the IRS and collections; and other highlights from our favorite tax bloggers.

The Internal Revenue Service has been extending tax relief to Americans affected by natural disasters like hurricanes and wildfires, but recent legislation could make it easier to qualify for federal tax relief.

Trade groups and Republicans in Congress are marshalling arguments based on privacy, constitutionality and other concerns.

The deal expands the reach of the tax compliance software company into real and personal property taxes.

The Treasury Department suddenly softened its plan to track consumer transactions after critics protested that it would target low-income workers.

The proposal is the result of weeks of talks between Democrats about how to scale back an idea first floated by Treasury officials.