The Trump Administration announced that it wants to close the “carried interest loophole.” Recent legislation proposed in the House and Senate could do just that.
The Trump Administration recently met with Republican legislators to discuss its tax priorities. Following the meeting, the House published a budget resolution that earmarks $4.5 trillion for tax cuts over the next ten years.
A recently leaked internal House Budget Committee memorandum provides a high-level overview of the budgetary impact of tax cuts and increases that the House is considering.
Within the first month of his second term, President Trump has signed several executive orders relating to tax and tax administration that affect American businesses and consumers. Brass Tax summarizes some of these first executive orders that touch on tax.
The UK Court of Appeal considers the UK “salaried members rules”.
The crypto tax space saw significant developments in 2024. This review revisits key developments from the past year.
New final regulations identify certain partnership related party “basis shifting” transactions and substantially similar transactions as transactions of interest ("TOIs"), which are subject to the reportable transaction rules.
As President Trump continues to shake up policy in Washington, energy tax credits have avoided direct impact—but for how long?
The IRS has sent notices informing more than 70,000 taxpayers that their tax and personal data had been stolen by a former IRS contractor, Charles Littlejohn.