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Biden Administration › Taxation

Fox Rothschild LLP

IRS Leadership Turmoil Continues With Appointment of Yet Another Acting Chief Counsel While Chief of Appeals Announces Retirement

Fox Rothschild LLP on

The Internal Revenue Service continues to experience significant leadership transition during a period of ongoing internal upheaval and uncertainty. The latest developments are the appointment of Kenneth Kies as the new...more

Fox Rothschild LLP

IRS Increased Audits Of High-Income Individuals During FY2024, But Future Of Initiative Under New Administration Is Doubtful

Fox Rothschild LLP on

A recent report from the Treasury Inspector General for Tax Administration (TIGTA) found that the Internal Revenue Service increased audits of high-income taxpayers during fiscal year 2024, in line with a 2022 Treasury...more

Fox Rothschild LLP

On Tax Day, President Names New IRS Chief

Fox Rothschild LLP on

Tuesday, while millions of Americans were busy finalizing their tax returns, the President named a former IRS criminal investigator as the tax agency’s new leader. Gary Shapley, a former IRS special agent who gained...more

Harris Beach Murtha PLLC

President Biden’s Proposals to Spur Affordable Housing Development

Harris Beach Murtha PLLC on

More Americans than ever are priced out of the housing market and President Biden has outlined steps his administration is taking to increase development of affordable housing. In the 2024 Economic Report of the...more

Brownstein Hyatt Farber Schreck

Key Takeaways from President Biden’s Third State of the Union Address

Brownstein Hyatt Farber Schreck on

President Joe Biden delivered his third State of the Union address on March 7, just days after the Super Tuesday primary elections cemented him and former President Donald Trump as the presumptive nominees for their...more

Butler Snow LLP

The Inflation Reduction Act of 2022

Butler Snow LLP on

On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 (H.R. 5376) (“IRA”), a 730-page successor to the House-passed Build Back Better Act that failed to become law. By any measure, this is an...more

White & Case LLP

United States and 12 Indo-Pacific Countries Begin Discussions on Indo-Pacific Economic Framework, but Stop Short of Launching...

White & Case LLP on

On May 23, 2022, the United States and 12 other Indo-Pacific countries agreed to launch "collective discussions towards future negotiations" on the Indo-Pacific Economic Framework (IPEF) proposed by the Biden Administration. ...more

McDermott Will & Schulte

Key Digital Asset Tax Proposals in the Biden Administration's Green Book

McDermott Will & Schulte on

On March 28, 2022, the US Department of the Treasury released the Fiscal Year (FY) 2023 Revenue Proposals and Green Book, which describes the tax proposals in the Biden administration’s FY 2023 budget (2023 Budget Proposal)....more

Brownstein Hyatt Farber Schreck

Taxation & Representation, March 1, 2022

Brownstein Hyatt Farber Schreck on

TAX TIDBIT - State of the Union Look Ahead. President Joe Biden will make his first State of the Union address tonight before a joint session of Congress. As of this writing, the speech has not been made available to the...more

Mintz - ML Strategies

House Democrats Weigh Major Tax Changes for Businesses, Funds, and Individuals

Mintz - ML Strategies on

In May 2021, President Biden’s administration released a $6 trillion budget proposal for the coming fiscal year (Budget), including $3.6 trillion of tax increases over 10 years and generous tax credits to incentivize clean...more

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