Chris Cioffi
@reportercioffi.bsky.social
I’m a Congressional reporter for Bloomberg Tax
Business groups and other stakeholders are at odds over how the IRS’s proposed rules on the GOP tax law’s new tax break for tips treats automatic gratuities.
news.bloomberglaw.com/product/tax/...
news.bloomberglaw.com/product/tax/...
Bloomberg Tax
news.bloomberglaw.com
October 24, 2025 at 1:34 PM
Business groups and other stakeholders are at odds over how the IRS’s proposed rules on the GOP tax law’s new tax break for tips treats automatic gratuities.
news.bloomberglaw.com/product/tax/...
news.bloomberglaw.com/product/tax/...
NEW: A bipartisan group of House lawmakers called on Treasury Secretary Scott Bessent to finalize implementation rules for the Section 45Z credit that prioritizes North American feedstocks.
news.bloombergtax.com/daily-tax-re...
news.bloombergtax.com/daily-tax-re...
Treasury Urged to Finish Clean Fuel Credit Rules by Lawmakers
The Treasury Department should take swift action to finalize clean fuel production rules to address unresolved pieces of July’s GOP tax law for the biofuels industry, a bipartisan group of House…
news.bloombergtax.com
October 23, 2025 at 6:25 PM
NEW: A bipartisan group of House lawmakers called on Treasury Secretary Scott Bessent to finalize implementation rules for the Section 45Z credit that prioritizes North American feedstocks.
news.bloombergtax.com/daily-tax-re...
news.bloombergtax.com/daily-tax-re...
Tax prep companies are close to a long-held goal of scrapping the IRS Direct File program, and spent millions this year to further that aim, among other policies, federal lobbying disclosures show. news.bloombergtax.com/daily-tax-re...
buff.ly
October 23, 2025 at 2:50 PM
Tax prep companies are close to a long-held goal of scrapping the IRS Direct File program, and spent millions this year to further that aim, among other policies, federal lobbying disclosures show. news.bloombergtax.com/daily-tax-re...
POD: What may get Republicans to reintroduce the "revenge tax" and what's happening in US talks to get agreement on the US tax system coexisting with Pillar 2?
Find out on this week's Talking Tax as I discuss this and more with PWC principal Beth Bell
buff.ly/uSdk7zO
Find out on this week's Talking Tax as I discuss this and more with PWC principal Beth Bell
buff.ly/uSdk7zO
Treasury Is Working to Implement GOP Tax Law Amid Shutdown
PwC’s Beth Bell talks with Bloomberg Tax about US efforts to secure agreements to allow the US tax system to coexist with the Pillar Two project, and other topics in this week’s Talking Tax podcast.
news.bloombergtax.com
October 22, 2025 at 6:02 PM
POD: What may get Republicans to reintroduce the "revenge tax" and what's happening in US talks to get agreement on the US tax system coexisting with Pillar 2?
Find out on this week's Talking Tax as I discuss this and more with PWC principal Beth Bell
buff.ly/uSdk7zO
Find out on this week's Talking Tax as I discuss this and more with PWC principal Beth Bell
buff.ly/uSdk7zO
IRS Files Tax Lien Against Sen. Jim Justice in West Virginia news.bloombergtax.com/daily-tax-re...
IRS Files Tax Lien Against Sen. Jim Justice in West Virginia
Sen. Jim Justice (R-W.Va.) and his wife Cathy owe outstanding payments of what the IRS describes as tax liabilities of more than $8 million, including interest and penalties, according to documents.
news.bloombergtax.com
October 20, 2025 at 6:17 PM
IRS Files Tax Lien Against Sen. Jim Justice in West Virginia news.bloombergtax.com/daily-tax-re...
New from me: The US Tax Court’s move to cancel two weeks of trials due to the government shutdown is threatening to jam up the busy system.
The canceled trial sessions will likely spur further delays in litigation as a skeleton crew of IRS attorneys triages cases.
buff.ly/YWV2ZxC
The canceled trial sessions will likely spur further delays in litigation as a skeleton crew of IRS attorneys triages cases.
buff.ly/YWV2ZxC
October 17, 2025 at 2:22 PM
New from me: The US Tax Court’s move to cancel two weeks of trials due to the government shutdown is threatening to jam up the busy system.
The canceled trial sessions will likely spur further delays in litigation as a skeleton crew of IRS attorneys triages cases.
buff.ly/YWV2ZxC
The canceled trial sessions will likely spur further delays in litigation as a skeleton crew of IRS attorneys triages cases.
buff.ly/YWV2ZxC
A federal judge threw out a defamation lawsuit filed by two IRS agents against Hunter Biden’s attorney, finding that the lawyer’s statements were constitutionally protected opinions.
news.bloombergtax.com/daily-tax-re...
news.bloombergtax.com/daily-tax-re...
Hunter Biden’s Lawyer Wins Defamation Case Against IRS Agents
A federal judge threw out a defamation lawsuit filed by two IRS agents against Hunter Biden’s attorney, finding that the lawyer’s statements were constitutionally protected opinions.
news.bloombergtax.com
October 16, 2025 at 11:03 PM
A federal judge threw out a defamation lawsuit filed by two IRS agents against Hunter Biden’s attorney, finding that the lawyer’s statements were constitutionally protected opinions.
news.bloombergtax.com/daily-tax-re...
news.bloombergtax.com/daily-tax-re...
The US Supreme Court’s conservatives suggested they will restrict the creation of majority-Black and majority-Hispanic voting districts in a case that could further undercut a landmark civil rights law and bolster Republican electoral prospects. news.bloomberglaw.com/product/blaw...
Bloomberg Law
news.bloomberglaw.com
October 16, 2025 at 10:50 AM
The US Supreme Court’s conservatives suggested they will restrict the creation of majority-Black and majority-Hispanic voting districts in a case that could further undercut a landmark civil rights law and bolster Republican electoral prospects. news.bloomberglaw.com/product/blaw...
NEW from me: President Donald Trump’s campaign promise of a tax break on overtime enjoys wide support, but implementation has been a slow roll and is spurring confusion for businesses and workers ahead of next year’s filing season. news.bloombergtax.com/daily-tax-re...
Employers, Workers Prep for Overtime Tax Break Without IRS Input
President Donald Trump’s campaign promise of a tax break on overtime enjoys wide support, but implementation has been a slow roll and is spurring confusion for businesses and workers ahead of next…
news.bloombergtax.com
October 15, 2025 at 5:35 PM
NEW from me: President Donald Trump’s campaign promise of a tax break on overtime enjoys wide support, but implementation has been a slow roll and is spurring confusion for businesses and workers ahead of next year’s filing season. news.bloombergtax.com/daily-tax-re...
NEW: The Trump administration has begun firing workers at the IRS and Treasury Department, as it tries to leverage mass layoffs in the standoff over government funding in Congress.
It’s unclear how many employees will be impacted.
news.bloombergtax.com/daily-tax-re...
It’s unclear how many employees will be impacted.
news.bloombergtax.com/daily-tax-re...
Trump Starts Mass Layoffs at IRS, Treasury Amid Shutdown (1)
The Trump administration has begun firing workers at the IRS and the Treasury Department as it tries to leverage mass layoffs in the standoff over government funding in Congress.
buff.ly
October 10, 2025 at 8:17 PM
NEW: The Trump administration has begun firing workers at the IRS and Treasury Department, as it tries to leverage mass layoffs in the standoff over government funding in Congress.
It’s unclear how many employees will be impacted.
news.bloombergtax.com/daily-tax-re...
It’s unclear how many employees will be impacted.
news.bloombergtax.com/daily-tax-re...
Podcast: On this week's Talking Tax, I sat down with Pete Sepp, president of the National Taxpayers Union.
He said Congress is right to seek answers on how the CEO may interact with a commissioner, and concerns that many top IRS positions remain open.
buff.ly/gsbClaT
He said Congress is right to seek answers on how the CEO may interact with a commissioner, and concerns that many top IRS positions remain open.
buff.ly/gsbClaT
What an IRS CEO Means for Tax Administration, Agency Functions
National Taxpayers Union President Pete Sepp talks with Bloomberg Tax, saying Congress is right to seek answers about how the new IRS CEO job interacts with the existing commissioner position.
buff.ly
October 8, 2025 at 8:37 PM
Podcast: On this week's Talking Tax, I sat down with Pete Sepp, president of the National Taxpayers Union.
He said Congress is right to seek answers on how the CEO may interact with a commissioner, and concerns that many top IRS positions remain open.
buff.ly/gsbClaT
He said Congress is right to seek answers on how the CEO may interact with a commissioner, and concerns that many top IRS positions remain open.
buff.ly/gsbClaT
Reposted by Chris Cioffi
Scoop w/ @reportercioffi.bsky.social: The Trump administration assured Sen. Chuck Grassley that they plan to name a new nominee to lead the IRS, even as the Treasury Department names new de facto leadership, according to the tax writer's office. news.bloombergtax.com/daily-tax-re...
Treasury Pledges New IRS Chief to GOP Tax Writer After CEO Pick
The Trump administration plans to name a new nominee to be IRS commissioner even as the Treasury Department Monday named a new CEO to lead the agency, according to the office of a key tax writer.
news.bloombergtax.com
October 7, 2025 at 5:21 PM
Scoop w/ @reportercioffi.bsky.social: The Trump administration assured Sen. Chuck Grassley that they plan to name a new nominee to lead the IRS, even as the Treasury Department names new de facto leadership, according to the tax writer's office. news.bloombergtax.com/daily-tax-re...
Scoop: America’s largest lobbyist for manufacturers is urging the Treasury Department to issue business-friendly guidance on key provisions from July’s tax law.
news.bloombergtax.com/daily-tax-re...
news.bloombergtax.com/daily-tax-re...
Manufacturers Seek Business-Friendly Guidance on GOP Tax Law
America’s largest lobbyist for manufacturers is urging the Treasury Department to issue business-friendly guidance on key provisions from July’s tax law.
news.bloombergtax.com
October 8, 2025 at 12:20 AM
Scoop: America’s largest lobbyist for manufacturers is urging the Treasury Department to issue business-friendly guidance on key provisions from July’s tax law.
news.bloombergtax.com/daily-tax-re...
news.bloombergtax.com/daily-tax-re...
Reposted by Chris Cioffi
New: Tax writers and their crypto allies hope to leverage a hearing in the Senate Finance Committee tomorrow to build on momentum for a new taxation regime for digital assets, including a suite of key asks from the industry. w/ @reportercioffi.bsky.social news.bloombergtax.com/daily-tax-re...
Crypto Allies Look to Build on Stablecoin Momentum for Tax Rules
Tax writers and their industry allies are hoping to capitalize on recent moves toward regulating cryptocurrencies to draft a new taxation regime for digital assets.
news.bloombergtax.com
September 30, 2025 at 2:24 PM
New: Tax writers and their crypto allies hope to leverage a hearing in the Senate Finance Committee tomorrow to build on momentum for a new taxation regime for digital assets, including a suite of key asks from the industry. w/ @reportercioffi.bsky.social news.bloombergtax.com/daily-tax-re...
Thune and Schumer engaging in a live debate-
Thune holding CR says it funds government until Nov 21, argues Democrats will have the same leverage then that they have now.
Schumer accuses GOP of refusing to negotiate on Dems' demands, and calls for a return to the table
Thune holding CR says it funds government until Nov 21, argues Democrats will have the same leverage then that they have now.
Schumer accuses GOP of refusing to negotiate on Dems' demands, and calls for a return to the table
September 30, 2025 at 3:02 PM
Thune and Schumer engaging in a live debate-
Thune holding CR says it funds government until Nov 21, argues Democrats will have the same leverage then that they have now.
Schumer accuses GOP of refusing to negotiate on Dems' demands, and calls for a return to the table
Thune holding CR says it funds government until Nov 21, argues Democrats will have the same leverage then that they have now.
Schumer accuses GOP of refusing to negotiate on Dems' demands, and calls for a return to the table
Floor Chart DUEL: Sen. Schumer takes Sen Thune's floor chart and has to wrangle the stand too, as he addresses Thune's criticism of Democrats' CR vote as the two parties stare down a shutdown.
September 30, 2025 at 2:48 PM
Floor Chart DUEL: Sen. Schumer takes Sen Thune's floor chart and has to wrangle the stand too, as he addresses Thune's criticism of Democrats' CR vote as the two parties stare down a shutdown.
CRYPTO: The Senate Finance Committee scheduled a hearing looking at the taxation of digital assets on Wednesday, October 1. buff.ly/5jwWaqa
Crapo Announces Hearing on Taxation of Digital Assets | The United States Senate Committee on Finance
Crapo Announces Hearing on Taxation of Digital Assets
buff.ly
September 24, 2025 at 6:49 PM
CRYPTO: The Senate Finance Committee scheduled a hearing looking at the taxation of digital assets on Wednesday, October 1. buff.ly/5jwWaqa
Lawmakers are turning their attention to challenges that are frustrating taxpayers and at the center of legal disputes, with input that backers say would streamline tax administration and the judicial process.
www.bgov.com/news/T334C0GPWCH5
www.bgov.com/news/T334C0GPWCH5
Bloomberg Government
News, data, and analytics for professionals interacting with—and affected by—the government.
www.bgov.com
September 24, 2025 at 4:21 PM
Lawmakers are turning their attention to challenges that are frustrating taxpayers and at the center of legal disputes, with input that backers say would streamline tax administration and the judicial process.
www.bgov.com/news/T334C0GPWCH5
www.bgov.com/news/T334C0GPWCH5
List for no tax on tips is out:
Yes for taxi and delivery drivers, waitstaff, caddies and plumbers.
Hard no on exotic pet smugglers, counterfeiters or those engaging in pornographic activity.
buff.ly/oOqEe52
Yes for taxi and delivery drivers, waitstaff, caddies and plumbers.
Hard no on exotic pet smugglers, counterfeiters or those engaging in pornographic activity.
buff.ly/oOqEe52
September 19, 2025 at 1:53 PM
List for no tax on tips is out:
Yes for taxi and delivery drivers, waitstaff, caddies and plumbers.
Hard no on exotic pet smugglers, counterfeiters or those engaging in pornographic activity.
buff.ly/oOqEe52
Yes for taxi and delivery drivers, waitstaff, caddies and plumbers.
Hard no on exotic pet smugglers, counterfeiters or those engaging in pornographic activity.
buff.ly/oOqEe52
!!NEW: Federal investigators have been poring through client records of the global law firm Baker McKenzie LLP as they expand their probe of US taxpayers fraudulently sheltering income by claiming residency in Puerto Rico.
Baker McKenzie Pulled Into US Probe of Puerto Rico Tax Abuses
The subpoenas signal a new phase in an ongoing investigation by the Justice Department and the Internal Revenue Service into Americans sheltering potentially billions of dollars from taxes under…
news.bloombergtax.com
September 18, 2025 at 5:48 PM
!!NEW: Federal investigators have been poring through client records of the global law firm Baker McKenzie LLP as they expand their probe of US taxpayers fraudulently sheltering income by claiming residency in Puerto Rico.
New: House tax writers advanced two measures Wednesday aimed at improving US Tax Court operations and clarifying rules for supervisory approval of IRS penalty assessments.
House Committee Advances Tax Court, Penalty Approval Bills
House tax writers advanced two measures Wednesday aimed at improving US Tax Court operations and clarifying rules for supervisory approval of IRS penalty assessments.
news.bloombergtax.com
September 17, 2025 at 9:33 PM
New: House tax writers advanced two measures Wednesday aimed at improving US Tax Court operations and clarifying rules for supervisory approval of IRS penalty assessments.
Hours into his second day of contentious testimony in Congress, Kash Patel, the FBI director, sparked one of the more unusual stock rallies of the year.
Kash Patel Called Krispy Kreme Stock a Buy and Fueled Wild Rally
Hours into his second day of contentious testimony in Congress, Kash Patel, the FBI director, sparked one of the more unusual stock rallies of the year.
www.bloomberg.com
September 17, 2025 at 7:55 PM
Hours into his second day of contentious testimony in Congress, Kash Patel, the FBI director, sparked one of the more unusual stock rallies of the year.
The IRS has issued job postings for thousands of positions in the taxpayer services division after months of staffing cuts that shrunk the agency’s workforce by about one-quarter.
buff.ly/kUDG2xp
buff.ly/kUDG2xp
IRS Posts Thousands of Customer Service Jobs After Downsizing
The IRS has issued job postings for thousands of positions in the taxpayer services division after months of staffing cuts that shrunk the agency’s workforce by about one-quarter.
buff.ly
July 31, 2025 at 2:25 PM
The IRS has issued job postings for thousands of positions in the taxpayer services division after months of staffing cuts that shrunk the agency’s workforce by about one-quarter.
buff.ly/kUDG2xp
buff.ly/kUDG2xp
“You’ve heard of Direct File,” new IRS Commissioner Billy Long said Monday in one of his first public appearances since taking the job. “That’s gone. Big beautiful Billy wiped that out. I don’t care about Direct File. I care about direct audit.”
news.bloombergtax.com/daily-tax-re...
news.bloombergtax.com/daily-tax-re...
IRS Chief Says Direct File Is ‘Gone,’ Other Audit Tech Is Coming
The Biden-era IRS free filing tool, Direct File, is “gone,” IRS Commissioner Billy Long said.
news.bloombergtax.com
July 29, 2025 at 5:39 PM
“You’ve heard of Direct File,” new IRS Commissioner Billy Long said Monday in one of his first public appearances since taking the job. “That’s gone. Big beautiful Billy wiped that out. I don’t care about Direct File. I care about direct audit.”
news.bloombergtax.com/daily-tax-re...
news.bloombergtax.com/daily-tax-re...
Tax Admin News - Taxpayers with stolen or lost refund checks would be eligible for electronic payments under a bill from Marsha Blackburn Mark Warner.
A version of the blil has already passed the House.
buff.ly/8V9wCnf
A version of the blil has already passed the House.
buff.ly/8V9wCnf
Stolen Tax Refund Check Recovery Bill Gets Senate Momentum (1)
Taxpayers who have paper IRS refund checks stolen or lost in the mail would be eligible for electronic payments under a House-passed measure that’s getting traction in the Senate.
buff.ly
July 25, 2025 at 1:24 PM
Tax Admin News - Taxpayers with stolen or lost refund checks would be eligible for electronic payments under a bill from Marsha Blackburn Mark Warner.
A version of the blil has already passed the House.
buff.ly/8V9wCnf
A version of the blil has already passed the House.
buff.ly/8V9wCnf