Finance, investment and tax-related legislation

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.

The Internal Revenue Service is expected to refund disabled veterans an estimated $78 million that was wrongly withheld from their disability severance pay.

The influential Koch political network is urging President Donald Trump to reject a proposal made by the U.S. Chamber of Commerce to increase the federal gas tax to help modernize American roads, bridges and other infrastructure.

The Internal Revenue Service is warning taxpayers who owe more than $51,000 in tax debts they could have their passport applications or renewals denied unless they pay up.

This week marks the last leg of Republicans’ push to revamp the U.S. tax code, with both the House and Senate planning to vote by Wednesday on final legislation before sending it to President Donald Trump.

After failing this year to repeal and replace Obamacare, House Republicans are angling to put taxes that are part of the health law on hold.

House and Senate lawmakers say they’ll begin working Monday on compromise tax-overhaul legislation—just a couple days after President Donald Trump introduced uncertainty over a provision that could mean a difference of about $200 billion over 10 years.

Here are the latest developments, updated throughout the day.

The Senate tax-writing committee plans to start hammering out the details of its tax cut proposal on Monday. The House may vote on its bill as soon as Thursday. Here are the latest developments, updated throughout the day.

The Senate Republican tax proposal unveiled Thursday would cost $516 billion over a decade after assuming macroeconomic benefits as a result of the tax cuts, according to a new analysis Friday by the Tax Foundation, a right-of-center Washington think tank.

Tax breaks cherished by both the fossil fuel and renewable energy industries emerged unscathed in a tax plan unveiled in the U.S. Senate, according to details of the bill released Thursday evening by the chamber’s main tax writing committee.