Finance, investment and tax-related legislation

A congressional appropriations committee wants to give the Internal Revenue Service $1 billion more in funding to improve taxpayer service and technology and make the overall tax system fairer.

'Planning has been put on hold, because no one knows what the rules of the game are,' says one accounting firm partner.

As Congress wrangles, advisors are struggling to figure out how to help clients.

An in-depth look at the provisions being considered for the new legislation.

Experts and leading practitioners are looking at ways to mitigate the possible affect of the legislation from a tax perspective.

Congress introduced bipartisan legislation aimed at changing the estimated tax payment deadlines to a uniform, quarterly schedule.

Uncertainty around coming tax changes and the coronavirus pandemic are making it harder for tax pros to plan.

Regardless of who wins the White House, the scope for tax legislation in the near term will be limited.

The legislation would encourage saving earlier by enrolling employees automatically in their company’s 401(k) plan, whenever a new plan is created.

Relief comes as a result of the short notice firms were originally given to comply with the Secure Act, the agency says.