Alerts

• Department of Justice Places Focus on Fraud Involving Tax Dollars
  Companies of all types that do business with entities receiving public funding should brace for additional scrutiny under the acting U.S. Attorney General’s launch of the National Fraud Enforcement Division within the U.S. Department of Justice (DOJ).
• What Auto Dealers Need to Know About the ‘No Tax on Overtime’ Law
  The "No Tax on Overtime" law — enacted as part of the One Big Beautiful Bill — allows eligible employees to deduct a portion of their overtime pay from their federal income taxes from 2025 through 2028.
• The One Big Beautiful Bill Act Changes Employee Retention Tax Credit Program
  Known for its tax and spending cuts, the One Big Beautiful Bill Act also contains significant changes to the federal government’s treatment of COVID-era Employee Retention Tax Credit (ERC) claims.
• The IRS-ICE Tax Data Sharing Agreement: Practical Considerations
  Attorneys advising immigrants, noncitizens or mixed-status families should treat tax compliance as a potential enforcement risk, especially when clients have past removal orders, open immigration cases, or prior contact with ICE.
• House and Senate Overtime and Tip Tax Proposals: What Employers Need to Know
  Competing bills have differing provisions employers should familiarize themselves with.
• IRS Agrees to Share Taxpayer Return Info with ICE
  The move may raise concerns for taxpayers involved in immigration proceedings or worried about the privacy of their tax records.
• Trump and Congress Nullify IRS Reporting Rule for Digital Assets
  Crypto platforms are relieved for now of the duty to report user transactions.
• Harvard University’s Tax-Exempt Status Called Into Question
  What are the implications for other nonprofits?
• No Check, Please! Trump Orders US Treasury Department to Go Digital-Only
  Department of the Treasury will stop accepting and issuing paper checks by the end of September.
• IRS Layoffs May Mean Longer Waits, Audit Delays and Tax Court Battles
  IRS layoffs could have far-reaching effects on taxpayers, from delayed responses to increased legal challenges. Staying proactive can help mitigate potential issues.
• Trump May Revive Effort to Close Carried Interest Loophole
  The White House confirmed a meeting Trump held with Republican lawmakers to discuss potential tax code changes, including a proposal to eliminate the carried interest tax break.

Articles

• IRS Shutdown Backlog May Trigger Collection, Refund Chaos
  Taxpayers and their advisers are now feeling the effects of the shutdown as IRS services dwindle and the backlog mounts.
  Law360
• Trump’s Threat to Harvard’s Tax Status Reaches All Nonprofits
  While a battle between the IRS and a university sitting on a $53 billion endowment may seem like a fight between two titans, the implications of the fight may trickle down.
  Bloomberg Tax
• IRS Rooting Out Offshore Tax Evasion With 'John Doe' Subpoenas
  A new IRS strategy uses “John Doe” summonses to overseas trust companies to obtain names and contact info for taxpayers who are clients of the trust companies.
  Bloomberg Tax
• Employee Retention Credit Claim Resolution Has No End in Sight
  Despite an IRS pledge to resolve 1 million employee retention credit claims by the end of 2025, problems with the pandemic relief program are likely to stretch into 2026 and beyond.
  Bloomberg Tax