Tax and financial planning news from around the web: March 24 – 28, 2025

New bill calls for tax preparer regulation 

Rep. Steve Cohen has reintroduced a bill that would give the IRS the authority to set and enforce standards for tax pros. 

FinCEN removes BOI reporting requirements for U.S. companies, sets new deadlines for foreign companies 

Consistent with the Treasury’s March 2 announcement, the FinCEN is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report BOI to FinCEN under the Corporate Transparency Act.