CEO Bisignano said, “Our goal is to make IRS services easy to access and more consistent across all of our platforms.” The Internal Revenue Service (IRS) has announced…
Read MoreTax
White House Council of Economic Advisers Issues 10-Year Cost Estimates for DSA Agenda
The projected costs equal $49 trillion, or nearly $400,000 per U.S. household. The White House Council of Economic Advisers (CEA) issued a report, ahead of the midterm elections,…
Read More
IRS Adds Citizenship Certification to 2026 Tax Forms for Tax Credits
Under federal law, noncitizens are not eligible for tax credits. The U.S. Internal Revenue Service (IRS) released a draft of the 2026 Form 1040 that, for the first…
Read More
President Trump Plans Formation of “AI Force“
He also intends to appoint an AI czar to oversee artificial intelligence policy. President Donald Trump announced that he will form an artificial intelligence (AI) force and appoint…
Read More
Treasury Proposes Rules for CDFI Fund Eligibility and Compliance
Proposed changes address benefit eligibility standards and anti-discrimination requirements for certified institutions The U.S. Department of the Treasury announced plans to issue proposed rules concerning how certain Community…
Read More
Anti-Fraud Task Force Uncovers Billions in Potentially Fraudulent Government Contracts
Letters have been sent to hundreds of businesses with 30-day deadlines for evidence of legitimacy. Vice President JD Vance is heading the administration’s anti-fraud task force, which recently…
Read More
President Trump Dubs VP “Fraud Czar” as Justice Department Creates New Division
Deputy Attorney General Blanche says there is “no fraud too small, no fraud too large” for the fraud division. President Donald Trump formally named Vice President JD Vance…
Read More
State Department Reduces Fee to Renounce U.S. Citizenship by 80%
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…
Read More
White House Proposes Cargo Taxes to Support U.S. Shipbuilding
The Maritime Action Plan would raise between $66 billion and $1.5 trillion to support the infrastructure of U.S. shipbuilding over the next 10 years. The White House proposed…
Read More
Congress Advances Measures to Counter D.C. Tax Code Decoupling
Some oppose the measure as tax season is underway. The House of Representatives has moved to block changes to Washington D.C.’s local tax code. A disapproval resolution was passed…
Read More