Cady Stanton

@cadystanton.bsky.social

Covering Capitol Hill for Tax Notes, freelance reporter on LGBTQ issues, newsletter editor for GEMA, big WBB fan.

And also from Fred: those in the nonprofit sector want Congress to enact tax provisions to help nonprofits fulfill their missions and encourage charitable giving, though some acknowledge the challenges to that goal: www.taxnotes.com/tax-notes-to...

Nonprofits Have Tax Wish List for Congress, but Some Concerns | Tax Notes

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From my colleague Fred Stokeld: Sen. Grassley has urged the IRS to get tough with nonprofit hospitals that don’t operate in ways that justify their tax-exempt status - and he's planning to continue to pressure the agency on the issue next Congress. www.taxnotes.com/tax-notes-to...

Grassley to Keep Heat on IRS Regarding Nonprofit Hospitals | Tax Notes

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Also ICYMI: a rundown from Ben Valdez & me on the impact of continuing a freeze on IRS enforcement funding from the IRA, including how that $$ is paramount to the agency’s long-term audit goals for complex filers: www.taxnotes.com/tax-notes-to...

$20B in IRS Enforcement Funds Set to Remain Frozen Into March | Tax Notes

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House & Senate Dems told us they were fighting to add a provision in the CR to fix the frozen funding, but it didn't make the cut. Republicans have made no secret of targeting the expanded IRS funding from the IRA - an effort very likely to continue in 2025 under a GOP trifecta.

Cady Stanton@cadystanton.bsky.social · 2y ago

On tax in the CR: OUT: Anomaly language to address the $20 billion frozen IRS IRA enforcement funds IN: The Strengthening State and Tribal Child Support Enforcement Act & a one-year delay of the Corporate Transparency Act’s reporting requirements

On tax in the CR: OUT: Anomaly language to address the $20 billion frozen IRS IRA enforcement funds IN: The Strengthening State and Tribal Child Support Enforcement Act & a one-year delay of the Corporate Transparency Act’s reporting requirements

New: Doug & I are out with another story on the frozen IRS funds impacted by the CR. House and Senate Democrats told us they're fighting to add a provision to fix it, but the impact on the agency - should it not make it in - is unclear. www.taxnotes.com/tax-notes-to...

Frozen IRS Enforcement Dollars at Stake in Budget Stopgap | Tax Notes

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The top House taxwriter is reasserting his position in favor of a single-bill approach for reconciliation next year after meeting with the incoming Senate majority leader, who is pushing for a two-bill format that puts tax second. My latest: www.taxnotes.com/tax-notes-to...

Top Republicans Agree to Disagree on 2025 Tax Bill Approach | Tax Notes

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Thune leaving the meeting says it was a “good conversation.” “Obviously there’s different views amongst our members on the best path forward, but we all want to get to the same destination.” Says incoming Budget Chair Graham & others are working on a potential budget resolution

Coming out of his meeting with Thune, W&M Chair Smith declined to discuss the talks, but when asked if he’s maintaining his position on a one-bill reconciliation approach, said: “I haven’t changed, it’s the right policy, and it’s the right process in order to have success.”

News from Doug: Crapo says he is rounding up support in both chambers to direct the CBO to score the 2025 tax bill in possibly several ways, pushing for a budget resolution that would instruct the agency to deliver a current-law estimate for extending the TCJA. www.taxnotes.com/tax-notes-to...

Crapo Wants to Mandate More Palatable Tax Bill Score From CBO | Tax Notes

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