| The Internal Revenue Service sent a set of recommendations to Congress for how it plans to carry out the far-reaching set of reforms. | Biden’s go-big stimulus plans set up fresh fight in split Senate | | By Erik Wasson, Laura Davison and Nancy Cook 5 min read | | President-elect Joe Biden’s plan to pass a multitrillion-dollar economic stimulus package early in his administration faces challenges in a closely divided U.S. Senate, with a potential impeachment trial for Donald Trump that could add to delays. | |
| SPONSOR CONTENT | | Tax season kickoff | | With the 2021 filing season about to begin, this webinar will offer a host of last-minute tips & strategies to help tax practitioners make it through their busiest time of the year. | |
| Deloitte deal makes Tax Analysts’ law library public | | By Jeff Stimpson 1 min read | | The library includes the Internal Revenue Code; rules for accountants and others practicing before the IRS; proposed, final and temporary regs; IRS guidance and private rulings; and much more. | |
| Hedge fund founder charged in $1.6B Danish Cum-Ex tax probe | | By Frances Schwartzkopff, Morten Buttler and Ellen Milligan 2 min read | | Sanjay Shah, who founded a London hedge fund that specialized in controversial Cum-Ex trades, was charged by Danish prosecutors in a 9.6 billion-krone ($1.6 billion) tax-fraud probe, according to a person familiar with the case. | |
| IRS blesses tax breaks on forgiven PPP loans after law change | | By Laura Davison and David Hood 3 min read | | The Internal Revenue Service will allow businesses that got their Paycheck Protection Program loans forgiven to write off expenses paid for with that money, shifting policy after Congress passed new legislation last month. | |
| WEB SEMINAR | | Tax season kickoff | | With the 2021 filing season about to begin, this webinar will offer a host of last-minute tips, tactics and strategies to help tax practitioners make it through their busiest time of the year. | |
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