A bipartisan group of over 100 lawmakers reintroduced legislation in the House to expand and strengthen the Low Income Housing Tax Credit.
Day: April 8, 2025
In the blogs: Sweet liberty
Change is not at hand; a question for brokerages; the IRS Simple Installment; and other highlights from our favorite tax bloggers.
DOGE to centralize IRS data under one API
Elon Musk’s Department of Government Efficiency reportedly plans to centralize all IRS data around a single portal and will begin efforts next week with a “hackathon.”
Taxpayers in disaster areas get May 1 deadline
Individuals and businesses in a dozen states hit by natural disasters in 2024 will have at least a few extra weeks to file their taxes or ask for an extension.
Group asks for extension on micro-captive reporting to IRS
The 831(b) Institute sent a letter requesting an extension on a deadline for disclosing information about transactions that the IRS views as tax shelters.