House Ways and Means Republicans will hold a half-day retreat next week to discuss next steps on tax policy and prioritize the rest of their agenda for 2018. Ways and Means Republicans are working to combine a number of tax provisions into one tax extenders bill that Congress could take up later this year. To… Read more »

The IRS has asked congressional appropriators for an additional $397 million to implement the new tax law, according to a Bloomberg BNA report. That funding request is about $100 million less than what the IRS had estimated it would need to fulfill its new responsibilities related to the tax law. National Taxpayer Advocate Nina Olson… Read more »

Category: IRS

Congress has about six weeks to raise the debt ceiling, a faster-than-expected timeline attributable to the new tax law, according to the Congressional Budget Office (CBO). If the debt limit is not raised by the first half of March, “the government would be unable to pay its obligations fully, and it would delay making payments… Read more »

Rank-and-file GOP lawmakers are reluctant to support another short-term spending bill, which Republican leaders say could fund the government for another month or possibly deeper into March. With negotiations having stalled on a longer-term bill that would raise budget caps for defense and domestic spending, GOP leaders say a fifth stopgap spending bill is needed… Read more »

ASAE will host a Facebook Live and Periscope session on tax reform and the impact on our community on  January 31 at 2:30pm EST. During the program John H. Graham IV, FASAE, CAE, President and CEO, and Sandra Swirski, co-founder at Urban Swirski & Associates, will field questions from association leaders about how tax policy… Read more »

Last year, Congress passed historic tax reform legislation that will impact associations on almost every front. To address these tax law changes, ASAE will host a special Power of A Facebook Live and Periscope session on January 31 at 2:30pm EST. Join this session to ask your questions about tax reform and to learn how… Read more »

President Trump is expected to nominate tax lawyer Charles Rettig as the next commissioner of the Internal Revenue Service (IRS), according to numerous reports. Rettig would serve a five-year term if confirmed by the Senate. He would replace David Kautter, Treasury assistant secretary for tax policy and acting commissioner since John Koskinen left at the… Read more »

Category: IRS

President Trump’s fiscal 2019 budget request will be sent to Congress a week later than anticipated due to time lost during the recent government shutdown, according to the Office of Management and Budget (OMB). “The shutdown came at a very critical time and therefore we have to slip to at least the 12th [of February],”… Read more »

Senate Democrats have signaled they may be open to a two-year agreement to lift budget caps on defense and domestic spending without a fix for the Deferred Action for Childhood Arrivals (DACA) program that the White House is ending. Protection for so-called “Dreamers,” the undocumented immigrants brought to the U.S. as children, was a key… Read more »

The stopgap spending deal reached by Congress on Monday ended the brief government shutdown, but also delayed three Affordable Care Act (ACA) taxes. While funding for the Children’s Health Insurance Program (CHIP) was a key negotiating point in discussions to reopen the government, the continuing resolution (H.R. 195) passed by the House and Senate Jan…. Read more »