Category: Federal Tax News & Updates

[ad_1] The New Speaker of the House is Mike Johnson. Rep. Mike Johnson (R-LA) was elected Speaker yesterday with 220 Republican votes. In a letter […]

[ad_1] House Ways & Means Committee Chair Jason Smith (R-MO) has questioned the tax-exempt status of universities that, in his opinion, are anti-Israel. Whatever your […]

[ad_1] The Senate plans to vote on appropriations legislation this week. Senate Majority Leader Chuck Schumer said yesterday the Senate can start floor consideration of […]

[ad_1] The Speaker race grows while the government funding bill remains a question. Nine Republican contenders for House Speaker made their pitches behind closed doors […]

[ad_1] Funding legislation stuck with a Speaker-less House. The federal government is funded through Nov. 17, but without a speaker in place, the House cannot […]

[ad_1] Employers can withdraw their pandemic-era employee-retention tax credit claims. The IRS announced that employers who have not received refunds or cashed checks for employee-retention […]

[ad_1] While most of the political world looks ahead to 2024, voters are making important choices on property taxes, wealth taxes, cannabis taxes, and more […]

[ad_1] IRS Direct File will be available to some taxpayers in 13 states next year. Tapping new funds available through the Inflation Reduction Act, the […]

[ad_1] US DOJ to SCOTUS: Uphold the “repatriation” tax. In a 96-page brief, the US Department of Justice (DOJ) urged the US Supreme Court to […]

[ad_1] Treasury Secretary Janet Yellen signaled that the US will not sign onto the OECD’s global tax framework this year. The Organization for Economic Cooperation […]