taxnotes.com - Profile | ThreadSky | a Reddit-style client for Bluesky

During a recent congressional hearing, Rep. Glenn Ivey, D-Md., pressed Treasury Secretary Scott Bessent on Marko Elez, a member of DOGE initially embedded at Treasury before being removed after the discovery of extensive racist social media posts. Read more at taxnotes.com

submitted 1 day ago • 1 comment

Artificial intelligence tools like chatbots are supposed to become more effective over time. Data indicate the IRS’s are getting worse, just as the agency is increasingly relying on them amid staffing cuts. Read @laurenloricchio.bsky.social's latest investigation: www.taxnotes.com/featured-new...

submitted 2 days ago • 0 comments

Prospective IRS commissioner Billy Long downplayed concerns from Senate Democrats over his connection to a business that sells tax credits the IRS says don’t exist, saying “the jury’s still out” on their legality. Read more: www.taxnotes.com/featured-new...

submitted 2 days ago • 1 comment

Probationary IRS employees who were fired and later placed on paid administrative leave have been directed to return to work by the end of the week. Read more: www.taxnotes.com/featured-new...

submitted 3 days ago • 1 comment

"It’s troubling that anyone in government would actively seek to keep a tax concealed from U.S. consumers," Robert Goulder writes. "Rather than scold Amazon, the White House should have praised the company’s pricing scheme as a step forward in commercial stewardship."

submitted 4 days ago • 0 comments

The IRS acting chief counsel has indicated that a reduction in force could affect attorney positions in associate chief counsel offices, according to an email obtained by Tax Notes. @laurenloricchio.bsky.social has the story: www.taxnotes.com/tax-notes-to...

submitted 7 days ago • 6 comments

The IRS acting chief counsel has indicated that a reduction in force could affect attorney positions in associate chief counsel offices, according to an email obtained by @taxnotes.com bit.ly/3S7IXfX

submitted 7 days ago • 0 comments

Know someone driving innovation in U.S. state tax? Nominate them for the new Tax Analysts Award of Distinction! We're recognizing influential work enhancing state and local tax accountability & transparency. 👉 More info: awards.taxanalysts.org

submitted 8 days ago • 0 comments

Two Senate Democratic taxwriters are scrutinizing IRS Commissioner nominee Billy Long’s ties to a company that has been promoting tax credits that the IRS says don’t exist. Read more: www.taxnotes.com/tax-notes-to...

submitted 9 days ago • 0 comments

A district court judge refused to enjoin the IRS from disclosing tax information to the Department of Homeland Security to help with immigration enforcement under a new agreement between the agencies. Read more: www.taxnotes.com/tax-notes-to...

submitted 10 days ago • 0 comments

Treasury would be required to end Direct File and explore the creation of a new public-private filing program under the tax package proposed by House Republicans. Read more: www.taxnotes.com/featured-new...

submitted 10 days ago • 0 comments

A former Treasury official expressed hope that the Trump administration’s tariffs, though ill-advised, could spur policymakers to give more credence to the merits of a consumption-based tax in the United States. Read more: www.taxnotes.com/tax-notes-to...

submitted 11 days ago • 0 comments

The IRS will have to revamp its audit and litigation strategy for partnership related-party basis-shifting transactions following the Trump administration’s repeal of a guidance package, according to a former Treasury official. Read more: www.taxnotes.com/tax-notes-to...

submitted 15 days ago • 0 comments

A group that has called the IRS “a deep-state, domestic intelligence operation” alleged the agency hasn’t handed over all leadership communications about pardons of the January 6, 2021, insurrection participants, violating the Freedom of Information Act.

submitted 16 days ago • 0 comments

"The more limited availability of human resources and the continued questions that folks are going to have is going to just increase the need for chatbots to fill some of the gap that we're likely to see in available information for the public," Professor Leigh Osofsky explains.

submitted 17 days ago • 0 comments

"Lawmakers acknowledged that many government agencies had a legitimate need for access to tax return information," @joethorndike.bsky.social writes. "But they also understood that any compromise of privacy protections posed a serious threat to the tax system."

submitted 18 days ago • 0 comments

A proposed 20 percent IRS funding cut in the administration’s fiscal 2026 budget would reduce the tax collector’s funding to its lowest level since 2002, despite accumulated inflation amounting to 70 percent in the interim. Read more: www.taxnotes.com/tax-notes-to...

submitted 18 days ago • 0 comments

White House Pressure Forces Some LB&I Employees Out Now outside the paywall bit.ly/44r0oj7 IRS and Treasury employees can reach @taxnotes.com reporters securely via the Signal app at TaxNotesNews.09

submitted 21 days ago • 0 comments

Do low tariffs really benefit everybody? Tax historian Joseph Thorndike explains why acknowledging the "losers" in free trade has become central to tariff politics today.

submitted 21 days ago • 1 comment

Commerce Secretary Howard Lutnick said the Trump administration aims to replace the IRS with an “External Revenue Service” to administer tariffs, but tax policy watchers doubt the new agency would collect enough revenue to adequately fund the government. Read more: www.taxnotes.com/featured-new...

submitted 22 days ago • 0 comments

The Senate Finance Committee advanced President Trump’s pick for Treasury assistant secretary for tax policy despite concerns from Democrats that he has a conflict of interest in the role from his work as a former tax lobbyist. Read more: www.taxnotes.com/tax-notes-to...

submitted 23 days ago • 0 comments

California lawmakers are urging the Franchise Tax Board to proactively prepare for how the Trump administration's cuts to the IRS could affect state tax collections. Read more: www.taxnotes.com/tax-notes-to...

submitted 24 days ago • 0 comments

In this article in @taxnotes.com I discuss how the Pillar 2 rules deals with the sale of vessels, including a conflation of the notion of control with legal ownership, and the EU State aid dimensioN. You can find the full article here: lnkd.in/d_iKh7yc

submitted 24 days ago • 0 comments

Congress is back and Republicans are turning their attention to writing their big tax-focused reconciliation bill. Our @taxnotes.com Capitol Hill team is breaking down what to expect in the coming weeks - here's the rundown: 🧵

submitted 25 days ago • 1 comment

IRS employees in the division responsible for ensuring that large businesses, complex partnerships, and wealthy individuals pay their taxes say pressure from the Trump administration is causing people to leave. More from @laurenloricchio.bsky.social: www.taxnotes.com/tax-notes-to...

submitted 25 days ago • 0 comments

NEW: This week on the podcast, Tax Notes Capitol Hill reporters @cadystanton.bsky.social and Katie Lobosco outline Congress’s progress on drafting the tax-focused reconciliation bill and the obstacles still remaining. Listen here. 👇

submitted 28 days ago • 0 comments

Tax Investigations Into U.K. Big Businesses Take Almost Four Years | My report for @taxnotes.com ($): www.taxnotes.com/tax-notes-to...

submitted 28 days ago • 0 comments

JUST IN: The EU Council’s Polish presidency reportedly has proposed three options to assuage U.S. concerns about the OECD's pillar 2 minimum tax rules. Read more: www.taxnotes.com/tax-notes-to...

submitted 29 days ago • 0 comments

"Tariffs on small packages will certainly make production more difficult for China-based e-commerce retailers, but it may not be an immediate death knell," Nana Ama Sarfo writes.

submitted 29 days ago • 0 comments

Treasury said it’s still weighing the future of Direct File and called it a “failed program” that serves a small percentage of taxpayers. Read more: www.taxnotes.com/featured-new...

submitted 30 days ago • 5 comments

Congressional Democrats and nonprofit advocates are opposing what they deem an illegal weaponization of the IRS amid reports that the Trump administration has asked the agency to revoke Harvard University’s tax-exempt status.

submitted 31 days ago • 0 comments

Do Errors by UK’s Official Statistics Body Affect Tax Policy? My report for @taxnotes.bsky.social on the potential impact on #tax of flawed Office for National Statistics (ONS) data, with commentary from @theifs.bsky.social and @resfoundation.bsky.social ($): www.taxnotes.com/tax-notes-to...

submitted 31 days ago • 0 comments

President Trump, already causing alarm in the higher education and nonprofit sectors with his questioning of Harvard University’s tax-exempt status, is directing similar attacks against @crew.bsky.social, a government ethics watchdog that has challenged him in court. www.taxnotes.com/tax-notes-to...

submitted 32 days ago • 0 comments

Members of the OECD inclusive framework on base erosion and profit shifting want to work with the United States to find a way forward on global minimum tax rules, the OECD’s tax head said. Read more: www.taxnotes.com/tax-notes-to...

submitted 35 days ago • 0 comments

The IRS is on track to lose nearly a third of its workforce this year after about 20,000 employees accepted the second deferred resignation offer, according to a person familiar with the matter. Read more: www.taxnotes.com/tax-notes-to...

submitted 37 days ago • 0 comments

A Kansas bill creating an income tax exemption for parents of unborn children has become law after the Legislature overrode Democratic Gov. Laura Kelly's veto. Read more: www.taxnotes.com/tax-notes-to...

submitted 38 days ago • 0 comments

"Policymakers should accept that consumption taxes are inevitably regressive," Robert Goulder writes. "Our fiscal systems can (and should) compensate for the regressivity in other ways, through other taxes."

submitted 38 days ago • 0 comments

JUST IN: The IRS has removed nine pieces of subregulatory guidance in accordance with an executive order by President Trump to improve government efficiency by reducing regulations. Read more: www.taxnotes.com/tax-notes-to...

submitted 39 days ago • 0 comments

The departure of acting IRS Commissioner Melanie Krause will add to unprecedented levels of change in IRS leadership, according to observers. Read more: www.taxnotes.com/tax-notes-to...

submitted 43 days ago • 0 comments

Billy Long, President Trump’s pick to head the IRS, earned nearly $250,000 in income last year from businesses involved in the promotion of the employee retention credit. Read more: www.taxnotes.com/tax-notes-to...

submitted 44 days ago • 0 comments

How did the president end up with the power to impose tariffs? Tax Notes contributing editor Robert Goulder explains. ☝️ #tax #tariffs #trump

submitted 45 days ago • 0 comments

JUST IN: The IRS and Department of Homeland Security signed an agreement to disclose immigrants’ tax data, according to court filings. Read more: www.taxnotes.com/tax-notes-to...

submitted 45 days ago • 0 comments

Americans will receive two very different types of estimates when the tax-heavy reconciliation bill is written and scored — one that says extending the 2017 tax bill will cost around $4.6 trillion, the other that it will cost nothing. Read more: www.taxnotes.com/tax-notes-to...

submitted 45 days ago • 0 comments

HMRC Clarifies U.K. Non-Dom ‘Double Remittance’ Tax Treatment | My report for @taxnotes.bsky.social ($): www.taxnotes.com/tax-notes-to...

submitted 45 days ago • 0 comments

The IRS has initiated the reduction in force process, with layoffs expected in the Office of Civil Rights and Compliance, according to an email obtained by Tax Notes. Read more: www.taxnotes.com/tax-notes-to...

submitted 46 days ago • 0 comments

NEW: Professor @akahrl.bsky.social, author of "The Black Tax: 150 Years of Theft, Exploitation, and Dispossession in America," discusses his argument that local property taxes have contributed to the disenfranchisement of Black homeowners. 🎧 Listen here: www.buzzsprout.com/124942/episo...

submitted 49 days ago • 0 comments

A budget resolution with sparse details on spending cuts and a novel method of scoring tax extensions faces a week or so of debate and votes to get through Congress so that the detailed process of writing a tax-heavy reconciliation package can begin. Read more: www.taxnotes.com/tax-notes-to...

submitted 50 days ago • 0 comments

The chair of the House Ways and Means Oversight Subcommittee, which has jurisdiction over the IRS, said the agency is no longer returning his calls. Read more: www.taxnotes.com/featured-new...

submitted 51 days ago • 0 comments

OBR Admits to Misses in U.K. Economic and Tax Revenue Forecasts in October 2024 Budget | My report for @taxnotes.bsky.social ($): www.taxnotes.com/tax-notes-to...

submitted 51 days ago • 0 comments