If the Court determines that “realization” is a Constitutional requirement, the decision would, at worst, threaten to gut the ...

What The Supreme Court’s New Curbs On Regulatory Power Could Mean For Tax Law In a landmark ruling , the Supreme Court has ...

A major rewrite of the federal tax code awaits the winners of the upcoming 2024 elections. Unless Congress passes new legislation, the 2017 Tax Cuts and Jobs Act (TCJA) individual income and estate ...

A bill to simplify tax filing and payment processes. Rep. Darin LaHood (R-IL) has introduced the Tax Administration Simplification Act. The bipartisan legislation would apply the mailbox rule to ...

State revenue forecasters face multifaceted challenges in projecting revenues, especially amid rapid and significant economic, demographic, and technological changes. This report provides an in-depth ...

Oregon becomes the first state to opt into the IRS Direct File program. Direct File allows taxpayers to file their taxes online for free directly to the IRS. The agency pilot-tested the program this ...

TIGTA recommends improvements to IRS Direct File. The Treasury Inspector General for Tax Administration (TIGTA), in its report released yesterday on the Direct File pilot, made three recommendations.

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State revenue forecasting has always been a complex task. Given these challenges, state forecasters tend to underestimate ...

Many parts of former President Trump’s signature tax cuts will expire in 2025. This leaves limited time for policymakers to ...

The dependent exemption, the earned income tax credit (EITC), and the child tax credit (CTC), supported at times by ...

New Supreme Court ruling could affect administration of tax laws.