News & Insights

Stay informed with the latest insights, analysis, and guidance from EHTC's team of accounting, tax, and advisory professionals.  

BDO Alliance USA BDO Alliance USA

IRS Furloughs and Job Cuts Affecting Operations

The IRS has furloughed nearly half of its employees after updating its government shutdown contingency plan last week, and the agency is now set to permanently lose nearly 1,500 employees as the administration pushes broad reductions in force. The moves could freeze audit activity, slow down new guidance, and create processing backlogs.

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BDO Alliance USA BDO Alliance USA

Republicans Complete Sweeping Reconciliation Bill

The president signed into law a sweeping reconciliation tax bill in a July 4 signing ceremony, capping a furious sprint to finish the legislation before the self-imposed holiday deadline. The Senate approved the bill in a 51-50 vote on July 1 after making a number of last-minute changes following intense bicameral negotiations.

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