NEW: Cold water on SALT - Talks over expanding the state and local tax deduction likely won’t happen until the boosted tax break expires through 2029, GOP taxwriter Nicole Malliotakis said at an event in NY.
More from @SloweyErin here:
https://t.co/8b5k7Henq4
What the Geno Auriemma-Dawn Staley confrontation was really about.
My column on the wild scene at the Final Four and Geno's escalation of the fiercest rivalry in women's college basketball:
https://t.co/Q5UQepXmJ3
Scoop w/ @ReporterCioffi: The Trump administration assured Sen. Chuck Grassley that they plan to name a new nominee to lead the IRS, even as the Treasury Department names new de facto leadership, according to the tax writer's office. https://t.co/UlRMKH5c1h
The IRS will keep up normal operations for a week if policy makers can’t reach a deal by Wednesday on funding the government, thanks to leftover funding from Democrats’ 2022 tax-and-climate law. via @SloweyErin https://t.co/FJ3av44G0w
Labor Department staffers who took DOGE’s “Fork in the Road” offer earlier this year have returned to the agency as full-time workers after collecting their full pay and benefits for months without performing their job duties. https://t.co/r3B6xpdFON
Scoop: Sen. Elizabeth Warren wrote to President Donald Trump’s nominee to serve as the next IRS chief counsel yesterday urging him to limit any financial dealings with relevant businesses after he leaves office. https://t.co/RsxiO8MGuF
Scoop: President Trump’s pick to represent Treasury Secretary Scott Bessent on Capitol Hill—a onetime tax aide to Speaker Mike Johnson—is stuck in committee as Republicans clash over renewable energy tax credits. https://t.co/2HjK5Ajq7v
After two years with @NOTUSreports, I started my new job last week as a Sacramento correspondent for @tax!
I’ll be covering the CA legislature along with other tax news, and just published my first story on the upcoming session 🎉👇
https://t.co/dMwdCvBr47
NEW: Holly Paz, the commissioner of LB&I, and Elizabeth Kastenberg, acting director of the OPR, were put on leave while the IRS investigates their conduct against Republicans, the source said, adding that the leave doesn’t mean they are fired.
https://t.co/Q4wsh5qHEW
Direct File was an easy way for Americans to file their taxes for FREE each year.
It's a no-brainer — and it's popular. So why in the world did the Trump administration kill it?
To give a huge handout to giant tax prep companies like TurboTax that rip Americans off.
The US Department of Labor quietly ended its only nationwide job training program for low-income seniors just as tens of thousands must meet new work requirements to tap into Medicaid and food assistance.
https://t.co/6qTenpPMdH
Yum! Brands, the giant restaurant company, is suing the IRS over a $4 billion tax bill on corporate-reorganization transations that the company contends should be tax-free. My story for Bloomberg Tax. @tax https://t.co/pNATkr4Lql
“We’re just trying to strike that balance": Republicans face an internal schism over how far they want to go to give relief to millions of online sellers who received a new tax form for the first time this filing season. w/ @SloweyErin https://t.co/lLqP9ksN40
The Big Six will huddle on Capitol Hill this afternoon as they sketch out the plan for passing a multi-trillion tax cut bill in the coming weeks, per @elwasson. Attendees will include Bessent, Hassett, Thune, Johnson, Crapo and Jason Smith. https://t.co/9tWB9Gq1P3
MASSIVE IRS exodus coming:
About 20,000 IRS workers—roughly one-fifth of the agency—is taking the Trump administration’s second deferred resignation offer, according to a person familiar with the matter.
via @SloweyErin@erinschilling85
https://t.co/12mLjUtab2
This is curious. IRS removed guidance from its website that directs state governments on their data security responsibilities when handling federal tax information, raising questions about the federal agency’s objectives. See our story in @tax
https://t.co/L8NVF7xKMf
Trump’s pick for a top spot at Treasury, longtime lobbyist/lawyer Ken Kies, advised President Donald Trump himself on "tax controversy," disclosure shows. w/ @Zachary_Cohen
https://t.co/Fim1D909cv