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A watchdog responsible for monitoring the IRS has lost 15% of its workforce since October, a spokesperson for the agency said. news.bloombergtax.com/daily-tax-repo…

In this week’s episode of Talking Tax, University of Pittsburgh School of Law professor Phil Hackney breaks down what changes could be ahead for tax-exempt organizations as the Trump administration signals a crackdown. news.bloombergtax.com/daily-tax-repo…

Opinion: Former IRS Commissioner Danny Werfel says leaders who respond to the Trump administration's mass layoffs and agency dismantling with a shrug aren't escaping a broken system—they’re helping to break it. news.bloombergtax.com/tax-insights-a…

IRS tax examiners and revenue agents—employees who review returns and conduct audits—were among the hardest hit by recent cuts at the agency, a watchdog said Tuesday, echoing prior reports. news.bloombergtax.com/daily-tax-repo…

A new, long-sought $60 billion tax break on companies’ interest payments stands to save cable and telecommunications providers like Charter Communications and drug makers like AbbVie millions of dollars a year. news.bloombergtax.com/daily-tax-repo…

President Donald Trump said he is considering a proposal to end capital gains taxes on home sales in a bid to boost the housing market. news.bloombergtax.com/daily-tax-repo…

Securities industry officials, bankers, and other multinational companies spent millions of dollars lobbying in the second quarter on issues including the GOP’s proposed “revenge tax” in the party’s $3.4 trillion tax-and-spending bill. news.bloombergtax.com/daily-tax-repo…

Opinion: Tax Foundation's Daniel Bunn says President Donald Trump's new tax law will offer national economic growth if the administration prioritizes investment, sorts out policy priorities, and works on the implementation details. news.bloombergtax.com/tax-insights-a…

Lockheed Martin Corp. caught investors off guard with $1.6 billion in charges and a possible tax hit that sent its stock tumbling, the latest setback for the defense giant whose popular F-35 jet faces criticism over cost overruns and delays. news.bloombergtax.com/financial-acco…

Other states will be keenly observing a court fight between Maryland and streaming-service companies over a controversial advertising tax Maryland implemented three years ago to see if they can replicate it. news.bloombergtax.com/daily-tax-repo…

Staffing shortfalls and intricate new policies are complicating efforts at the Treasury Department and IRS to meet President Donald Trump’s tight deadlines for churning out guidance on his multi-trillion-dollar tax bill. news.bloombergtax.com/daily-tax-repo…

House Ways and Means Committee Republicans are calling on the IRS to withdraw guidance that broadened the agency’s ability to apply the economic substance doctrine in audits of related-party partnerships. news.bloombergtax.com/daily-tax-repo…

Giant US tech and drug companies that lobbied for a major new tax break on research and development costs stand to save billions a year from it. news.bloombergtax.com/daily-tax-repo…

Opinion: Snell & Wilmer's Marc Schultz says opportunity zone investors need to consider several factors when planning for benefits that take effect in 2027. news.bloombergtax.com/tax-insights-a…

A Democratic duo has introduced legislation to start repealing parts of the Republican tax law that imposes cost-sharing requirements on certain Medicaid beneficiaries. news.bgov.com/bloomberg-gove…

Opinion: Baker Tilly's Jessica Jeane and James Creech say changes to Sections 168, 179, and 174 of the tax code offer potential benefits, but businesses and their advisers should review all requirements and wait for IRS guidance. news.bloombergtax.com/tax-insights-a…

Verizon New York Inc. is off the hook for $12 million in New York corporation franchise taxes after a tribunal ruled that a federal law bars the state from taxing internet service, in an opinion obtained Monday. news.bloombergtax.com/daily-tax-repo…

Opinion: Tax attorney Sofia Larrea says fairness, transparency, and efficiency are crucial to any automated tax system. news.bloombergtax.com/tax-insights-a…

SEC Chair Paul Atkins is following a familiar path in his approach to the US audit board: replace its members and force an agenda reset. news.bloombergtax.com/financial-acco…

Giant US tech and drug companies that lobbied for a major new tax break on research and development costs stand to save billions a year from it. news.bloombergtax.com/daily-tax-repo…