Senate Finance Takes Up Bill to Thwart Tax ID Fraud
The committee plans to mark up a bipartisan bill to help stop identity thieves from fraudulently claiming tax refunds.
IRS Budget Cut Opens Door for Cyberattacks, Tax Cheats: Sen. Wyden
Wyden, ranking member of the Senate Finance Commitee, asks the IRS commissioner to make his case against a $470 million budget cut.
DOL Fiduciary Plan Needs Rollover Exemption: Retirement Experts
Lawmakers and ARA say a new exemption is needed so plan advisors won’t be prohibited from helping participants with rollovers.
Sen. Warren Floats Bill to Stop Credit Checks by Employers
The Equal Employment for All Act would prohibit employers from requiring potential employees to disclose their credit history when applying for a job.
Financial Services Groups Push Cybersecurity Bill
The bill could be brought to the Senate floor for a vote by Thursday, but critics call the bill a threat to privacy.
Senate Panel Extends More Than 50 Tax Breaks
Sen. Orrin Hatch says the package includes widely supported tax provisions and “will provide some certainty in the tax code for the next two years.”
IRS, Treasury Close Alt Investment Tax Loophole
Sen. Ron Wyden applauds the move to "bring the hammer down on these basket options once and for all."
Tax Working Groups Submit Reports to Senate Finance
The Senate Finance Committee's five bipartisan tax writing working groups submitted their reports Wednesday to the committee’s leaders on ways to reform the tax code.
Senate Finance Passes 529 Reform Bill
The bipartisan bill modernizes the treatment of 529 plans in three ways.
IRS, Treasury Pave Way for Easier 401(k) Auto-Enrollment
The Treasury and IRS have issued guidance intended to facilitate automatic enrollment and contribution increases in 401(k) and similar retirement savings plans.