Rebecca Chen
Federal Tax Reporter at Daily Tax Report
Federal Tax Reporter at Bloomberg Law
👩🏻💻Reporter & 2023 fellow at @yahoofinance l 📊CPA licensed I 🧮Former @EY l 🐑 I have a feisty bichon | Opinions are mine. RT ≠endorsements.
Articles
-
1 month ago |
news.bloombergtax.com | Rebecca Chen
IRS delays when manually processing tax refunds for deceased taxpayers are creating undue hardships on survivors and increased interest costs for the government, according to a new report from the Treasury Inspector General for Tax Administration. TIGTA examined 609,953 cases of manual refunds from January 2021 through July 2024 and found that the IRS took an average of 444 days to issue the payments.
-
1 month ago |
news.bloomberglaw.com | Rebecca Chen
Commenting on regulations is one of the few ways tax practitioners can tell the IRS how a proposed regulation "doesn’t work or could be better," one said.
-
1 month ago |
news.bloombergtax.com | Rebecca Chen
Fewer employees at the IRS will likely mean taxpayers have fewer lines of communication as the deadlines for comments on several big proposed regulations approach, tax practitioners say. The private sector has long shared a working relationship with IRS rule writers, providing insights to help the agency craft more intentional and practical regulations around laws. Treasury and the IRS often rely on the private sector to learn how businesses perceive regulations.
-
1 month ago |
news.bloombergtax.com | Rebecca Chen
The IRS determined that a taxpayer that helped finance the development of a new airport terminal can treat rent from airlines and interest payments from the public agency that leases the terminal as qualifying income for purposes of real estate investment trust requirements. The taxpayer that requested the ruling from IRS is a limited liability company that has chosen to be taxed as a REIT—a status that provides tax benefits to its investors.
-
1 month ago |
news.bloomberglaw.com | Rebecca Chen |Chris Cioffi
The Senate voted on Tuesday to block an IRS reporting rule requiring certain cryptocurrency brokers to provide tax information on transactions on their platform, moving a step closer to nullification of the regulation. The bipartisan vote of 70-27 on the Senate resolution comes after the House Ways and Means Committee advanced its version of a clawback. If the full House passes its measure as expected, President Donald Trump is expected to sign off.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →X (formerly Twitter)
- Followers
- 270
- Tweets
- 60
- DMs Open
- No
RT @NAR_Research: First-time buyers represented 31% of buyers, down from 33% in April 2024 but up from 28% in May 2023. 28% of buyers had a…
Existing home sales - or basically number of home sales - declined again in May. Highlights from here: 1. Spring recovery didnt happen 2. Prices are still high, so are mortgage rates 3. Inventory is growing though..
Existing home sales decline in May as home prices reach record high https://t.co/FEmcuB3QI8 by @RebeccaChenP
Home prices declined in some "pandemic boomtowns," including Austin, San Antonio, Dallas, Tampa... to name a few. Experts said this is because - rising new home inventory - more homeowners are selling because home insurance is too $$$ - fewer Americans moving to these cities
Home prices begin to come down in pandemic boomtowns like Austin, Tampa https://t.co/yoOcTGHizB by @RebeccaChenP