Tax

With today’s business environment forcing companies to always be in a state of flux, the tax landscape will only become more complex.

Two senior Democrats are proposing a bill that would go further than President Joe Biden’s plan and potentially raise quadruple the revenue.

Congress is weighing a proposal to end the tax break next month to pay for the bipartisan infrastructure plan.

Lawyers for former President Donald Trump are asking a federal judge to block the release of his tax returns to Congress, saying Democrats’ pursuit of the documents amounts to political retaliation.

Senators Ron Wyden and Pat Toomey are drafting a proposal to overhaul a cryptocurrency provision in the $550 billion bipartisan infrastructure bill that traders and investors have criticized as being overly broad and impractical.

The problem with some tax credits; a PPP forgiveness portal; crypto replies; and other highlights from our favorite tax bloggers.

Changes to the Child Tax Credit may require a second look as the system gets simultaneously simpler and more complex.

NCCPAP’s Stephen Mankowski offers news about the IRS Office of Promoter investigations, Forms 940X and 941, and more.

While tax residency rules vary from state to state, changing residency generally requires a concurrent determination of domicile.

Using RMDs to pay the taxes due on a rollover can ease the psychological pain of forking over money to the IRS.