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21 hours ago | 
news.bloomberglaw.com | Erin Schilling |Kim Dixon |Martha Mueller Neff
Beyond the headline business and individual breaks in the House Republicans’ massive tax package, the almost-400-page bill includes a slew of provisions that would affect tax-exempt entities, preparers, recording studios, and more.
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2 days ago | 
news.bloombergtax.com | Zach Cohen |Kim Dixon |Chris Cioffi
Ways and Means Markup ContinuesThe House Ways and Means Committee could vote as soon as Wednesday to advance Republicans’ signature fiscal policy after hours of heated debate on their $3.8 trillion package of tax cuts, which the GOP claimed was necessary to juice the economy and help working- and middle-class taxpayers. Republicans overnight defended their legislation from two dozen Democratic amendments aimed at highlighting the bill’s benefits tilted toward the wealthy.
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1 week ago | 
news.bloombergtax.com | Kim Dixon |Zach Cohen |Jonathan Tamari
Bessent Makes Rounds on Capitol Hill Treasury Secretary Scott Bessent, who’s been a vocal ambassador for his boss’s fiscal agenda, will be on Capitol Hill starting Tuesday to defend the administration’s “skinny budget” issued last week. The Trump administration proposed cutting $2.5 billion from the IRS budget. The testimony also comes as extension of the 2017 GOP tax law sputters a bit, and the market sees big fluctuations in part spurred by President Donald Trump’s trade wars.
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1 week ago | 
news.bloomberglaw.com | Martha Mueller Neff |Kim Dixon
Longtime IRS official Trish Turner will now lead the agency’s digital assets unit with the exit of two crypto leads, according to a person familiar with the situation. The change comes as Sulolit “Raj” Mukherjee and Seth Wilks—two private-sector leaders who were brought on to help the IRS build up its enforcement and reporting of digital assets—leave the agency.
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1 week ago | 
news.bloomberglaw.com | Erin Schilling |Kim Dixon |Martha Mueller Neff
President Donald Trump’s latest shot at Harvard University heightens concerns he might be violating multiple laws related to IRS targeting and taxpayer confidentiality.
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2 weeks ago | 
news.bloomberglaw.com | Kim Dixon |Marjorie Censer
NFL, MLB Lobby to Protect Tax Breaks from Trump ThreatPresident Donald Trump’s long-running threat to take away what he’s called “massive tax breaks” enjoyed by billionaire sports team owners has spurred a lobbying blitz in recent years. Spending by the National Football League and Major League Baseball on tax and other legislative priorities hit a 10-year high in the first quarter of 2025, and they retained Trump-connected lobbyists to make their case.
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2 weeks ago | 
news.bloomberglaw.com | Zach Cohen |Chris Cioffi |Kim Dixon
House Republicans are looking to wrap up negotiations on their signature tax legislation in the coming days in hopes of achieving their high-stakes political and fiscal deadlines. House Speaker Mike Johnson (R-La.) and Majority Leader Steve Scalise (R-La.) expect the House Ways and Means Committee will join the rest of policy committees to mark up its portion of the budget reconciliation by the end of next week, they told reporters Tuesday.
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2 weeks ago | 
news.bloomberglaw.com | Kim Dixon |Zach Cohen
‘Big Six’ Kicks Off Tax TalksPresident Donald Trump’s top economic advisers and congressional Republicans claimed they made progress after meeting Monday as they race to craft a mammoth legislative package that includes extension of most of the 2017 GOP tax law.
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2 weeks ago | 
news.bloomberglaw.com | Martha Mueller Neff |Kim Dixon
IRS workers in the Taxpayer Experience Office and the Office of Equity, Diversity & Inclusion in Taxpayer Services will be fired in the latest round of layoffs by the Trump administration at the agency, according to an email seen by Bloomberg Tax. An unknown number of employees are being notified Friday they will be laid off as part of the agency’s reduction in force.
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2 weeks ago | 
news.bloomberglaw.com | Martha Mueller Neff |Kim Dixon
IRS workers in the Taxpayer Experience Office and the Office of Equity, Diversity & Inclusion in Taxpayer Services will be fired in the latest round of layoffs by the Trump administration at the agency, according to an email seen by Bloomberg Tax. An unknown number of employees are being notified Friday they will be laid off as part of the agency’s reduction in force.
