Tax

Manchin doomed two pieces of the plan — ending a tax break for fossil fuels and taxing unrealized capital gains — just hours after Biden announced them.

Here is a peek into what can be expected in the near future.

Twenty and out; stop snapping; agent for change; and other highlights of recent tax cases.

A district court has vacated IRS Notice 2016-66, which designated micro-captive insurance arrangements as “transactions of interest,” and thus reportable.

Backlogs at the IRS and bearing bad news can be challenging, but it’s no more than preparers expected.

The service has been auditing the poorest wage earners more than higher-earning taxpayers, according to an updated report.

The NTA issued a directive calling on the service to implement scanning technology as a way to reduce the backlog of unprocessed tax returns by 2023.

The House overwhelmingly passed legislation that would expand the tax benefits for retirement accounts to bolster the savings of Americans.

Ending tax-free wealth transfers through the longstanding step-up in basis loophole is among the proposals.

Return of an audit; transforming tax proposals; virtual guidance; and other highlights from our favorite tax bloggers.