IRS' Windfall Getting Swept Away on Capitol Hill
A year ago, the tax world was pleasantly surprised when Congress granted the chronically underfunded IRS an $80 billion windfall in the Inflation Reduction Act. Now that surprise is turning into disma...
30 Aug 202317min
AI Is Becoming a 'Co-Pilot' for Tax Professionals
Artificial intelligence has been helping companies with their taxes for a while—and now it’s on to the next stage. Companies have been using AI to automate and speed up the grunt work involved in thei...
23 Aug 202318min
OECD's Manal Corwin Talks Next Steps in Global Tax Deal
July was a big month for the OECD, marking its release of a tranche of documents detailing progress on the global tax deal agreed to by more than 130 countries in 2021. The agreement includes realloca...
16 Aug 202328min
Tax Firms Expand as Clean Energy Credit Demand Grows
Demand from clean energy and corporate clients looking to secure their share of credits from the tax-and-climate law is helping boost tax and law firms' footprints. The Biden administration’s 2022 Inf...
9 Aug 202312min
IRS Cracks Down on NIL Collectives' Tax-Exempt Status
The IRS rocked the name, image, and likeness industry after it released a memo saying that many organizations that fund college athletes won't be tax-exempt. The NCAA allows for college athletes and r...
2 Aug 202312min
The Politics of the Global Tax Deal, and What's Next
Governments landed agreement on some of the global tax deal's biggest open issues earlier this month. But major political questions remain. The issues will play out over the coming years in the US and...
26 Juli 202320min
Business Roundtable Official Talks Chile Tax Treaty
The US Senate passed a long-stalled tax treaty with Chile last month, overcoming a dispute between Republicans and the Treasury Department over treatment of foreign tax credits. Business groups had be...
19 Juli 202314min
Treasury Union Retiring Chief Talks IRS Worker Safety
Unverified claims that the IRS plans to hire a horde of weapon-carrying agents are putting agency employees at risk, said Tony Reardon, longtime leader of the National Treasury Employees Union. "It pl...
12 Juli 202314min
