Corporate Taxes, IRS, Tax Revenues

White House FY2025 Budget Request: Key Tax Takeaways

Brownstein Hyatt Farber Schreck on 3/25/2024

On Monday, March 11, President Joe Biden released his budget request to Congress (“Budget”) and various accompanying documents. Separately, the Treasury Department released its General Explanations of the Administration’s...more

Fiscal Year 2025 Greenbook Provisions Chart

Brownstein Hyatt Farber Schreck on 3/25/2024

On Monday, March 11, President Joe Biden released his budget request to Congress (“Budget”) and various accompanying documents. Separately, the Treasury Department released its General Explanations of the Administration’s...more

Millionaires, Corporate Jets and Crypto: IRS Unveils New Enforcement Initiatives

Fox Rothschild LLP on 3/7/2024

Thanks to a dramatic increase in funding courtesy of the Inflation Reduction Act of 2022, the Internal Revenue Service recently announced several new, high-profile enforcement initiatives designed to generate significantly...more

2021 “Green Book” Introduces Comprehensive Financial Account Reporting

Foodman CPAs & Advisors on 7/9/2021

The “Green Book” is a US Treasury Department document that presents detailed explanations of an Administration’s revenue proposals in support of a President’s annual budget request. On May 28, 2021, the Biden administration...more

The Benefits of Protective Form 1120-F Filings

Mitchell, Williams, Selig, Gates & Woodyard,... on 11/6/2020

Modern corporations can easily conduct operations from almost anywhere in the world, and are creating revenue streams which originate and travel internationally before arriving wherever those corporations call home. If a...more

Lawmakers May Be Revisiting the Tax Gap

Foster Garvey PC on 2/15/2016

The Department of the Treasury estimates the annual federal “tax gap” (the difference between what taxpayers should have paid and what they actually paid on a timely basis) exceeds $450 billion. IR-2012-4 (January 6, 2012). ...more