Chris Cioffi
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Chris Cioffi
@reportercioffi.bsky.social
2.1K followers 490 following 340 posts
I’m a Congressional reporter for Bloomberg Tax
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A GOP measure President Donald Trump signed Wednesday to block a local Washington tax law is all-but-certain to prompt legal challenges—possibly even from residents of the nation’s capital.

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Clash Over Senate’s DC Tax Vote Likely to Spur Resident Lawsuits
A GOP measure President Donald Trump signed Wednesday to block a local Washington tax law is all-but-certain to prompt legal challenges—possibly even from residents of the nation’s capital.
news.bloombergtax.com
February 18, 2026 at 11:03 PM
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The US Senate's action to thwart a Washington, DC, measure has thrown a wrench into the filing season that opened Jan. 26, requiring the district to change its tax code to align with the federal law.
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Congress and DC Tax Standoff Leaves Local Filing Season in Limbo
Filing taxes in the nation’s capital was once as mundane and predictable as anywhere else.
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February 14, 2026 at 11:50 AM
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The Homeland Security Department and the IRS must provide an exact accounting of which taxpayers’ information was recently disclosed and whether it led to improper detentions or deportations, a letter from Senate Democrats said.

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February 13, 2026 at 9:20 PM
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The US Supreme Court scheduled Feb. 20 as its next opinion day amid a global wait for a ruling that could invalidate most of President Donald Trump’s signature tariffs. news.bloombergtax.com/daily-tax-re...
Supreme Court Schedules Opinions on Feb. 20 as Tariff Case Looms
The US Supreme Court scheduled Feb. 20 as its next opinion day amid a global wait for a ruling that could invalidate most of President Donald Trump’s signature tariffs.
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February 13, 2026 at 4:58 PM
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The Senate cleared legislation Thursday to repeal a Washington, DC, tax law that deviates from federal law, but local officials say the Senate was too late.

That may mean further legal action over how the Home Rule Act’s 30-day review period is defined

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Congress Votes to Repeal DC Tax Code Decoupling from GOP Law (1)
The Senate cleared legislation Thursday to repeal a Washington, DC, tax law that deviates from federal law, but local officials say the Senate’s actions came too late.
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February 12, 2026 at 8:48 PM
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Senate Republicans beat back an effort by Democrats to roll back Trump administration guidance on how the corporate alternative minimum tax should apply to partnerships and their partners.

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Senate Halts Democrat-Led Push to Reverse IRS Partnership Break
Senate Republicans beat back an effort by Democrats to roll back Trump administration guidance on how the corporate alternative minimum tax should apply to partnerships and their partners.
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February 10, 2026 at 9:18 PM
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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.
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Bloomberg Tax
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October 24, 2025 at 1:34 PM
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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...
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…
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October 23, 2025 at 6:25 PM
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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...
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October 23, 2025 at 2:50 PM
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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

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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.
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October 22, 2025 at 6:02 PM
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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.
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October 20, 2025 at 6:17 PM
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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.

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October 17, 2025 at 2:22 PM
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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.

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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
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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
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October 16, 2025 at 10:50 AM
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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…
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October 15, 2025 at 5:35 PM
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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...
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.
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October 10, 2025 at 8:17 PM
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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.

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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.
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October 8, 2025 at 8:37 PM
Reposted by Chris Cioffi
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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
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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.
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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
Reposted by Chris Cioffi
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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
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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
September 30, 2025 at 3:02 PM
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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
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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
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September 24, 2025 at 6:49 PM
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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
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
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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.

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September 19, 2025 at 1:53 PM