Tim Shaw

Washington, D.C., United States

Editor at Thomson Reuters Tax and Accounting

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Articles

Pushback Against Trump Plan to End IRS Direct File

1 week ago | tax.thomsonreuters.com | Tim Shaw

Editor’s Note, 4/18/2025: Article updated with additional quote from Economic Security Project. Lawmakers and tax policy organization officials sounded off against the Trump administration’s reported intention to end the IRS’ free e-filing program after the only tax filing season it was available to taxpayers nationwide and in partnership with two-dozen state revenue agencies. About Direct File.
Tax Pros Talk IRS Modernization Setbacks Due to Workforce, Funding Cuts

1 week ago | tax.thomsonreuters.com | Tim Shaw

Former government officials, practitioners, and tax law and policy experts are in lockstep with their collective worries about the ramifications of ongoing IRS workforce reductions and the agency’s agreement to disclose taxpayer information to immigration enforcement officials and the integrity of the tax system broadly. Ongoing IRS developments. The IRS entered the year with approximately 100,000 employees.
IRS Drops 9 'Unnecessary' Guidance Items; Treasury Scraps Financial Regs

1 week ago | tax.thomsonreuters.com | Tim Shaw

As part of the Trump administration’s government-wide push for deregulation and smaller overall workforce, the IRS and the Treasury Department in separate announcements said it is eliminating various forms of guidance and existing regs in coordination with the Department of Government Efficiency (DOGE). (Notice 2025-22; 90 FR 15648, 4/14/2025)IRS guidance cull.
Micro-Captive Transaction Reporting Penalty Relief Issued

1 week ago | tax.thomsonreuters.com | Tim Shaw

Material advisors and certain participants in reportable micro-captive transactions will not face penalties for failing to file disclosure statements originally due at the end of April if such statements are filed within a three-month grace period, the IRS announced. (Notice 2025-24)Final regs (TD 10029) issued January 14 under Code Sec. 6011 identify transactions that are the same as, or substantially similar to, listed micro-captive transactions reportable to the IRS.
House Republicans Advance Tax Reform Blueprint as Dems Rally Against Trump Plans

2 weeks ago | tax.thomsonreuters.com | Maureen Leddy |Tim Shaw

After a false start Wednesday, House Republicans approved the Senate-amended budget framework, 216-214, setting up tax reform via the reconciliation process. Republicans can now move to nailing down the details of extending expiring Tax Cuts and Jobs Act (TCJA) provisions and putting into place other Trump administration tax promises.
SCOTUS Stays Federal Worker Rehire Order

2 weeks ago | tax.thomsonreuters.com | Tim Shaw

The Supreme Court stayed a lower district court’s preliminary injunction that required government agencies to reinstate terminated probationary employees and barred the Office of Personnel Management (OPM) from directing further firings and issuing workforce reduction guidance.
Former Government Officials Ask SCOTUS to Not Stay Rehiring Injunction

2 weeks ago | tax.thomsonreuters.com | Tim Shaw

Seventeen former career, appointed, and elected federal and state officials — some of whom served in previous Republican administrations — told the Supreme Court it should reject the government’s request to stay a San Francisco-based judge’s preliminary injunction requiring agencies to reinstate terminated federal workers.
Accounting Firms, Trade Orgs Support Coca-Cola in Transfer Pricing Case

3 weeks ago | tax.thomsonreuters.com | Tim Shaw

Three of the Big Four accounting firms, as well as two major trade organizations, filed amici curiae briefs with the 11th U.S. Circuit Court of Appeals in support of Coca-Cola in the company’s transfer pricing dispute with the IRS. The IRS audited Coca-Cola’s federal returns for tax years 2007, 2008, and 2009. At the close of the examination, the IRS made Code Sec.
Former Taxpayer Advocate Olson on IRS Cuts, DOGE

3 weeks ago | tax.thomsonreuters.com | Tim Shaw

Center for Taxpayer Rights Executive Director Nina Olson, the previous National Taxpayer Advocate, warned that IRS workforce reductions and the agency’s involvement with the Department of Government Efficiency will hinder tax collections, discourage voluntary compliance, and erode taxpayer trust.
Judge Blocks DOGE From Treasury Records

1 month ago | tax.thomsonreuters.com | Tim Shaw

The Treasury Department, Office of Personnel Management (OPM), and the Department of Education are enjoined from disclosing personal identifying information (PII) with Department of Government Efficiency (DOGE) affiliates, a federal judge ordered. In American Federation of Teachers v.