Since President Trump took office, the IRS has faced transformative changes, including a substantial reduction in its workforce and the appointment of different commissioners or acting commissioners. These actions are presented by Trump as efforts to restore the IRS's impartiality.
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The One Big Beautiful Bill Act brings significant updates to deductions, credits, and international tax provisions that will reshape tax strategies for businesses across industries.

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In this week’s episode of Talking Tax, Bloomberg Tax reporter Chris Cioffi speaks with host David Schultz on what’s in the Senate tax bill, what’s left out, and where Congress goes from here. bit.ly/4kKfB3X

In this week’s episode of Talking Tax, Bloomberg Tax reporter Chris Cioffi speaks with host David Schultz on what’s in the Senate tax bill, what’s left out, and where Congress goes from here.

Listen to the full podcast: bit.ly/3ZBMmbc

Sarah Binder, a senior fellow in governance studies at Brookings, walks @reportercioffi.bsky.social through the history of reconciliation since it was created in the 1970s and what lawmakers can and can’t enact through the process.

President-elect Donald Trump’s plans to deconstruct the federal workforce would take a bite out of IRS efforts to answer taxpayer phone calls and enforce compliance for tax cheats.

Listen: news.bloombergtax.com/daily-tax-re...