Tax

The advisory committee had a number of suggestions for the IRS in its annual report.

The Justice Department is settling lawsuits with Tea Party and conservative groups that had sued the Internal Revenue Service over delays in granting them tax-exempt status, and Attorney General Jeff Sessions said the IRS should apologize to the groups.

The IRS has released a number of draft tax forms, instructions, and related schedules 2017 tax year.

Five Stars and three defendants; a fraud goes ka-boom; and other highlights of recent tax cases.

Tax reform uncertainty complicates advising clients.

President Donald Trump announced Thursday his intention to designate Assistant Secretary of the Treasury for Tax Policy David Kautter as acting commissioner of the Internal Revenue Service.

House Republicans narrowly adopted a budget resolution Thursday unlocking a fast-track process to achieve their long-sought goal of cutting Americans’ taxes by the end of the year. The next step will be releasing a draft tax measure as early as Nov. 1.

The Internal Revenue Service has posted a number of draft tax forms and instructions for tax year 2017, including Form 1040 and its related schedules, on its website.

The American Institute of CPAs has sent its tax reform wish list to the half dozen Republicans who are leading a rewrite of the tax code.

Congress is trying to ram through a bill that would reshape the U.S. economy in just a few short weeks, but its leaders have kept the plan shrouded in secrecy and released not a word of legislative text.