New: @cadystanton.bsky.social explains how, absent Congress, protecting LIHTC-funded housing has fallen to states. Check out part two of her investigative series, "Priced Out: How a 1990s Policy is Worsening the Housing Crisis." 👇

Don't miss @cadystanton.bsky.social's two-part series Priced Out: How a 1990s Housing Policy is Worsening the Housing Crisis Congress Gave Developers Flexibility. It’s Costing People Their Homes. bit.ly/49H0ANk Absent Congress, Protecting LIHTC-Funded Housing Has Fallen to States bit.ly/4keXnIn

I’m excited to speak at the #TaxTrendsSummit 2025 on November 5 presented by @taxnotes.com and the ABA Tax Section. I’ll be moderating the panel "Tax Policy at 10,000 Feet: A Strategic Outlook" alongside a fantastic group of industry leaders. Register now: taxnotes.co/taxtrends25

How close are we to a government shutdown, and how does Congress's fight over Affordable Care Act premium tax credits play into the stalemate? Tax Notes Capitol Hill reporter @cadystanton.bsky.social explains the latest updates. #tax #healthcare #congress

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: 🧵

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. 👇

Links include @cadystanton.bsky.social @taxnotes.bsky.social @bloombergtax.com @taxfoundation.bsky.social @mariakoklanaris.bsky.social @law360.bsky.social @cgonz @nebraskaexaminer.com @esq.social and more!

Links include @danieldbunn.bsky.social @taxfoundation.bsky.social @bloombergtax.com @politico.com @thehill.com @wsj.com @cadystanton.bsky.social @taxnotes.bsky.social @taxgirl.bsky.social @forbes.com @punchbowlnews.bsky.social @taxtweet.bsky.social And more!

Our annual #TaxValentines contest is now open to #TaxSky! Entry rules 👇 1. Compose your tax-related valentine 2. Tag @taxnotes.bsky.social and use the hashtag #TaxValentines 3. The post with the most likes wins! ⌛ Contest ends on February 14 at 12 p.m. EST

"It's clear that things are changing, and this tax season could be very different–and difficult." Links include @taxgirl.bsky.social @forbes.com @cadystanton.bsky.social @taxnotes.bsky.social @taxtweet.bsky.social @billgale.bsky.social @wsj.com @washingtonpost.com @bloombergtax.com @thehill.com

Links include @cadystanton.bsky.social @taxnotes.bsky.social @reportercioffi.bsky.social @bloombergtax.com @jfmclooney.bsky.social @law360.bsky.social @apnews.com @financialtimes.com @taxfoundation.bsky.social @washingtonpost.com @forbes.com and more.

Links include @cadystanton.bsky.social @taxnotes.bsky.social @taxtweet.bsky.social @bloombergtax.com @law360.bsky.social @nytimes.com @semafor.com and more!

Catch up on the week in tax news. Links include work by @cadystanton.bsky.social @taxnotes.bsky.social @mariakoklanaris.bsky.social @law360.bsky.social @bloombergtax.com @nytimes.com and more!

Links include @cadystanton.bsky.social @taxnotes.bsky.social @jacobbogage.bsky.social @washingtonpost.com @taxtweet.bsky.social @bloombergtax.com @politico.com @forbes.com @law360.bsky.social and more!

IRS Commissioner Danny Werfel is getting into the holiday spirit and making clear the agency is pro-ugly sweaters but "not ugly tax advice.": x.com/IRSnews/stat...

And also from Fred: those in the nonprofit sector want Congress to enact tax provisions to help nonprofits fulfill their missions and encourage charitable giving, though some acknowledge the challenges to that goal: www.taxnotes.com/tax-notes-to...

From my colleague Fred Stokeld: Sen. Grassley has urged the IRS to get tough with nonprofit hospitals that don’t operate in ways that justify their tax-exempt status - and he's planning to continue to pressure the agency on the issue next Congress. www.taxnotes.com/tax-notes-to...

Congratulations to Tax Notes Capitol Hill reporter @cadystanton.bsky.social for being selected to join the National Press Foundation's 2025 class of Paul Miller Washington Reporting Fellows! 👏 Keep up with Cady's latest reporting here: www.taxnotes.com/document-lis...

@linleyann.bsky.social, @grantschwab.bsky.social, Praveena Somasundaram, @cadystanton.bsky.social, @michaeldamianw.bsky.social and Skylar Woodhouse.

Congratulations to NPF's newest class of Paul Miller Washington Reporting fellows! In monthly sessions throughout 2025 led by Kevin Johnson, they'll dive deep into covering the nation's most impactful institutions. nationalpress.org/newsfeed/npf...

Also ICYMI: a rundown from Ben Valdez & me on the impact of continuing a freeze on IRS enforcement funding from the IRA, including how that $$ is paramount to the agency’s long-term audit goals for complex filers: www.taxnotes.com/tax-notes-to...

NEW from my colleague Doug Sword: House Budget Chair and W&M member Jodey Arrington says “momentum” exists among House Republicans to launch 2025 with a skinny budget reconciliation bill on border security that is fully paid for followed by a sweeping tax bill: www.taxnotes.com/tax-notes-to...

House & Senate Dems told us they were fighting to add a provision in the CR to fix the frozen funding, but it didn't make the cut. Republicans have made no secret of targeting the expanded IRS funding from the IRA - an effort very likely to continue in 2025 under a GOP trifecta.

On tax in the CR: OUT: Anomaly language to address the $20 billion frozen IRS IRA enforcement funds IN: The Strengthening State and Tribal Child Support Enforcement Act & a one-year delay of the Corporate Transparency Act’s reporting requirements

House FSGG ranking member Steny Hoyer is “not optimistic” the anomaly providing a fix to the IRS frozen IRA enforcement funding made it into the CR agreement. “I’m not optimistic — I’d be very pleased if it is in there, and it ought to be in there.” First reported by @richardrubindc.bsky.social

New: Doug & I are out with another story on the frozen IRS funds impacted by the CR. House and Senate Democrats told us they're fighting to add a provision to fix it, but the impact on the agency - should it not make it in - is unclear. www.taxnotes.com/tax-notes-to...

The top House taxwriter is reasserting his position in favor of a single-bill approach for reconciliation next year after meeting with the incoming Senate majority leader, who is pushing for a two-bill format that puts tax second. My latest: www.taxnotes.com/tax-notes-to...

Thune leaving the meeting says it was a “good conversation.” “Obviously there’s different views amongst our members on the best path forward, but we all want to get to the same destination.” Says incoming Budget Chair Graham & others are working on a potential budget resolution

Coming out of his meeting with Thune, W&M Chair Smith declined to discuss the talks, but when asked if he’s maintaining his position on a one-bill reconciliation approach, said: “I haven’t changed, it’s the right policy, and it’s the right process in order to have success.”

News from Doug: Crapo says he is rounding up support in both chambers to direct the CBO to score the 2025 tax bill in possibly several ways, pushing for a budget resolution that would instruct the agency to deliver a current-law estimate for extending the TCJA. www.taxnotes.com/tax-notes-to...

There's a LOT going on in the tax policy space on the Hill right now, make sure you're tapped into @taxnotes.bsky.social for our in-depth coverage!

And if IRS commissioner news isn't enough for you, we've also got new stories on how Senate taxwriters voted on party lines to advance Biden's TIGTA nom (taxnotes.com/tax-notes-to...) and some late night tax bill voice votes in the chamber (taxnotes.com/tax-notes-to...).

Confirmation of Trump’s choice to lead the IRS would be the first time since the role's five-year term was codified 26 years ago that a sitting commissioner was removed upon presidential transition. More on recent precedent from Ben Valdez: www.taxnotes.com/tax-notes-to...

Who is former Rep. Billy Long, Trump's pick for IRS commissioner? Ben Valdez & I took a deeper look and found he previously backed legislation to eliminate the agency and spent recent years promoting the fraud-riddled employee retention credit: www.taxnotes.com/tax-notes-to...

Read @taxnotes.bsky.social on Trump's pick to serve as IRS commissioner.

2 tax-related bills passed the Senate by voice vote tonight: - HR 5863, providing tax relief with respect to certain disasters - HR 1432, the VETT Act The former passed the House by a 382-7 vote in May, while the latter seeks to help VSOs receive tax-deductible contributions.

Wyden on the Billy Long nomination: “There are a lot of reasons why former Congressman Billy Long is a bizarre choice for this role. What’s most concerning is that Mr. Long left office and jumped into the scam-plagued industry involving the [ERTC].” t.co/eI7OKZjJDB

Leaving Ways and Means GOP lunch, Chairman Jason Smith says he has the support of House GOP taxwriters on his concerns about Thune’s plan for setting up tax to go in a second reconciliation bill next year. “100%. Do you think I’m out for a walk by myself?”

Senate GOP taxwriters leaving a meeting tonight were tight-lipped about what they discussed on next year’s tax fight. Tillis told reporters: “You know in the old days we were doing … the storming, forming, and norming. We’re in the storming phase now.”

Every single one of the WNBA schedule announcements I've seen so far have contained elite levels of creativity and cleverness. The inside jokes/references alone are such a gift to fans. I hope the creative directors and other staff behind these are getting well-deserved credit!!

“It’s been a continuous process — how do we do this and not draw attention to it?” Rep. David Joyce, who chairs the FSGG panel which writes the IRS’s annual budget (and is where this embedded clawback strategy was conceived), told Doug Sword. “We’ve obviously done a good job.”

As we reported last week, the House GOP embarked on a quieter strategy to rescind IRS IRA funds and have put Dems into a tough bargaining position for an omnibus. Now Treasury is sounding the alarm on the impact of the cuts. Read our original story here: taxnotes.com/tax-notes-to...

The House passed a bill that would extend tax deadlines and reimburse late fees for American hostages held abroad, after pushback to its provision on revoking the tax-exempt status of organizations deemed to be providing support for terrorist groups. More: www.taxnotes.com/tax-notes-to...

Food for thought: Sen. Thom Tillis, R-N.C., is laying out an alternative path that he says could broaden 2025’s tax reform effort while cutting down on the breadth of temporary tax policy. Our story on his plan for bipartisanship here: www.taxnotes.com/tax-notes-to...

NEWS from Doug Sword & me: House GOP appropriators waited anxiously for months to see if their Dem counterparts would catch the fiscal trigger embedded in spending bills to freeze nearly all the remaining special IRS enforcement funding. They didn’t. www.taxnotes.com/tax-notes-to...

Republicans elected Finance Committee member John Thune, R-S.D., as Senate majority leader for the next Congress, lining up an experienced taxwriter to help lead a reconciliation bill extending the 2017 tax cuts next year. My latest: www.taxnotes.com/tax-notes-to...

Coverage of the stalled House tax bill, a business owner's "huge mistake," and an NFL embezzler tackled. Links include @cadystanton.bsky.social @taxtweet.bsky.social and lots more.

The Ways and Means committee has advanced the Wyden-Smith tax deal, setting up the bill for a possible House floor vote as soon as next week. But does that mean negotiations on the details are over? Not necessarily. More here: www.taxnotes.com/tax-notes-to...

Today we are heavy on coverage of the bill advanced by the House Ways & Means Committee last week. Links include BlueSky folks @taxgirl.bsky.social @taxtweet.bsky.social @cadystanton.bsky.social and much more.

🚨It's here — official framework released for the tax package deal. Includes: - CTC expansion - Retroactive fix on trio of TCJA biz tax breaks (w/ R&D caveat) - Taiwan double taxation relief - ERC claim crackdown offset - LIHTC expansion + more gop-waysandmeans.house.gov/wp-content/u...