The previous fee was enacted in 2015 as expats chose citizenship revocation to avoid tax reporting. The State Department has reduced the fee for the Administrative Processing of…
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Senate Passes Legislation Overturning D.C. Tax Decoupling
The measure, already passed by the House, goes to the president for a signature. The U.S. Senate approved a joint resolution already passed by the House of Representatives…
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Treasury Secretary Responds to Governors Blocking Tax Cuts
He calls the block “political obstruction.” Treasury Secretary Scott Bessent responded to the refusal of the governors of the states of New York, Colorado, Illinois, and the District…
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IRS Releases Guidance for Tax Deductions on Tips and Overtime
Workers who received tips or overtime will be able to deduct this compensation when filing their 2025 income taxes. The Internal Revenue Service (IRS) has released guidance on its “no…
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Court Halts Tax Debt Relief Scheme that Impersonated Federal Agencies
FTC action targets operators accused of misleading consumers with false government claims. A federal court has temporarily stopped the operations of American Tax Service (ATS) and several affiliated…
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Senate Passes President’s “Big, Beautiful Bill”
Vice President Vance voted to break the 50-50 tie. Vice President JD Vance voted to break the 50-50 Senate tie to pass President Donald Trump’s “One, Big, Beautiful…
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Congress Nears Deadline to Pass President’s Agenda Legislation
President Trump urged legislators to approve it by July 4 or delay their recess. The majority in Congress are nearing the original deadline of July 4 that was…
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Senate Negotiates “Big Beautiful Bill”
Majority Leader Thune working to maintain a majority to pass the legislation in the upper chamber. The “Big, Beautiful Bill” being negotiated by Congress was sent to the…
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Supreme Court Unanimously Upholds Catholic Charities Tax Exempt Status
The unified court said Wisconsin’s attempt to deny tax exemption violates First Amendment. The Supreme Court unanimously reversed the Wisconsin Supreme Court’s ruling that determined the Catholic Charities…
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House Passes President’s Legislative Agenda Bill
Last-minute negotiations satisfied members with regard to SALT deduction caps and the Medicaid work requirement deadline. The House of Representatives narrowly passed President Donald Trump’s “One Big, Beautiful…
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