Finance, investment and tax-related legislation

Under pressure from businesses and homeowners, the Seattle City Council is poised to repeal a tax on large employers like Amazon.com Inc. less than a month after it passed the tax unanimously.

A House bill to repeal the four-month-old U.S. college endowment tax has gained sponsors on both sides of the political aisle.

A group of Senate Democrats introduced legislation to revive tax deductions for labor union dues and unreimbursed work expenses that were eliminated by the Tax Cuts and Jobs Act.

Congress is working on a major redesign of the tax agency.

They hope to have it in legislative form by the end of the year. But that doesn’t mean it’s going to pass anytime soon.

Republicans are showing little appetite for big action in what may be their last months in full control of Capitol Hill.

Bipartisan legislation to modernize the Internal Revenue Service comes a day after a computer crash disrupts Tax Day filing.

The state CPA association worries about a ‘privatized IRS.’

The tax-writing panel voted on a bipartisan basis to approve a set of bills to “redesign” the Internal Revenue Service.

Republicans are already facing a possible Democratic takeover of the House in the November elections, setting off a GOP leadership battle.

The Republican and Democratic leaders of the House Ways and Means Oversight Subcommittee released legislation to ‘redesign’ the Internal Revenue Service.

The National Association of Tax Professionals weighed in on legislation that aims to improve the service.

The institute also recommends a congressional mandate for preparer testing and CPE.

The leaders of a congressional subcommittee overseeing the Internal Revenue Service released draft legislation to overhaul the IRS for the first time since 1998.

The $1.3 trillion omnibus appropriations bill passed by Congress last week includes some modifications to the Internal Revenue Service’s centralized audit regime for auditing large partnerships.

The Internal Revenue Service is prepared to handle three popular provisions that had expired for 2017 but were recently given new life by Congress.

President Trump signed into law H.R. 1892, the Bipartisan Budget Act of 2018, just hours after the Senate passed the bill by a vote of 71-28 and the House by a margin of 240-186 this month.

The bipartisan budget deal signed into law Friday by President Trump contains 36 tax extenders that had expired at the end of 2016 and makes them retroactive to 2017.

President Donald Trump signed a two-year budget agreement that will boost federal spending by almost $300 billion and suspend the debt ceiling for a year, ending a brief partial government shutdown that began at midnight when lawmakers missed a funding deadline.

Tucked inside the bipartisan budget deal are a slew of tax breaks for NASCAR, Hollywood, racehorses and rum. And beer, too.