Tax and financial planning news from around the web: June 10 – 14, 2024

Setting the table for tax reform in 2025 

With several Tax Cuts and Jobs Act provisions expiring at the end of 2025, next year is shaping up to be what some are already calling the Super Bowl of Tax. 

Businesses take aggressive tax positions when IRS budget declines 

Companies take IRS budgets into consideration when developing their year-to-year tax strategies and take more aggressive tax positions when IRS budgets are smaller, and retreat to less risky tax positions when IRS budgets are higher, according to a new study.