{"id":15771,"date":"2025-11-08T15:50:50","date_gmt":"2025-11-08T23:50:50","guid":{"rendered":"https:\/\/familyenterpriseusa.com\/?p=15771"},"modified":"2025-11-12T14:54:15","modified_gmt":"2025-11-12T22:54:15","slug":"taxation-representation-update-shutdowns-impact-fast-track-disputes-irs-leadership-crypto-tax","status":"publish","type":"post","link":"https:\/\/familyenterpriseusa.com\/taxes\/taxation-representation-update-shutdowns-impact-fast-track-disputes-irs-leadership-crypto-tax\/","title":{"rendered":"Taxation & Representation Update: Shutdown’s Impact, Fast-Track Disputes, IRS Leadership, Crypto Tax"},"content":{"rendered":"

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Shutdown Week 6: On Wednesday, Nov. 5, the federal government shut down that began on Oct. 1, became the longest in U.S. history. Last week, the Senate failed for the 14th time to advance a continuing resolution (CR) to keep the government funded. The impasse continues to center on disagreements over extending the enhanced Affordable Care Act (ACA) credits. Read more…<\/a><\/strong><\/h2>\n

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Crypto Legislation Develops During Government Shutdown: In recent weeks, discussions on a comprehensive crypto market structure bill have slowed, while the Senate Finance Committee continues to work separately on tax legislation. Lawmakers are debating a proposal to create a \u201cde minimis\u201d tax exemption that would allow small cryptocurrency transactions, such as buying coffee, to avoid triggering capital gains taxes. Read more…<\/a><\/strong><\/em><\/h3>\n

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Ways and Means Committee Democrats Introduce Bill to Restore Clean Energy Credits after OBBBA:<\/strong> Last week, House Ways and Means Democrats introduced H.R.5862, \u201cAmerican Energy Independence and Affordability Act.\u201d The bill seeks to restore a wide array of clean energy tax incentives that were rolled back by the One Big Beautiful Bill Act (OBBBA, P.L.119-21). Key measures include reinstating the Section 45Y clean electricity production credit and the Section 48E clean electricity investment credit for renewables like wind and solar. Read more…<\/a><\/p>\n

Schumer, Wyden and Warren Send Letters Regarding IRS CEO Position:<\/strong> On Oct. 28, Minority Leader Chuck Schumer (D-NY), Senate Finance Committee (SFC) Ranking Member Ron Wyden (D-OR) and Sen. Elizabeth Warren (D-MA) sent letters to Treasury Secretary Scott Bessent and Social Security Administrator Frank Bisignano regarding the new chief executive officer position at the Internal Revenue Service (IRS). In the letter to Commissioner Bisignano, the senators expressed concerns regarding the legality of his dual role as Social Security Administration (SSA) commissioner. Read more…<\/a><\/p>\n

Taxpayers Revive IRS Dispute Resolution Program:<\/strong> Last year, the Internal Revenue Service (IRS) expanded its alternative dispute resolution (ADR) resources to encourage taxpayers to resolve disputes before litigation. Recently, the programs saw a 25% increase in usage by companies and individuals in fiscal year (FY) 2024 and is maintaining that upturn in FY2025. In early October, the IRS announced modifications to its post-appeals mediation (PAM) program, now assigning unresolved cases to Office of Appeals teams with no prior involvement in the case for an expedited, unbiased review. Read more…<\/a><\/p>\n

ERC Claim Processing Impacted by Government Shutdown:<\/strong> The shutdown is worsening existing difficulties that taxpayers face in claiming the Employee Retention Credit (ERC) for businesses. Thousands of ERC claims remain unprocessed due to a significant IRS backlog that existed even before the shutdown. The shutdown has forced the IRS to reduce staff by roughly half, paused appeals conferences and shuttered the Taxpayer Advocate Service, which normally assists with administrative issues, leaving taxpayers with fewer resources to resolve problems. Read more…<\/a><\/p>\n

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About Brownstein Hyatt Farber Schreck
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We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…<\/em><\/h4>\n

As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a member.<\/p>\n

The need for fact-based reporting of issues important to family owned businesses<\/a> and protecting a lifetime of savings<\/a> has never been greater. Now more than ever, successful families<\/a> and family owned businesses<\/a> are under fire. That’s why Family Enterprise USA<\/a> is passionately working to increase the awareness of issues important to family owned businesses<\/a> built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates<\/a>, possible elimination of valuation discounts, increase in capital gains tax<\/a>, enactment of a wealth tax<\/a>, and the continued burden of the gift tax<\/a>, estate tax<\/a> and generation skipping tax<\/a>.<\/p>\n

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Family Enterprise USA<\/a> promotes generationally<\/a> owned family business<\/a> creation, growth, viability, and sustainability by advocating for family businesses<\/a> and their lifetime of savings with Congress<\/a> in Washington DC.\u00a0 Since 2007, Family Enterprise USA<\/a> has represented and celebrated\u00a0all sizes, professions and industries of family-owned enterprises and multi-generational<\/a> employers. It is a bi-partisan 501.c3 organization.\u00a0Family foundations can donate.<\/a><\/p>\n

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#incometax #CapitalGainsTax #R&DExpensing #DontPunishSuccess #GrantorTrusts #StepUpinBasis #likeKindExchanges #AcceleratedDepreciation #EstateTax #Deathtax #wealthtax #taxLegislation #CongressionalCaucus #incometaxrates #repealestatetax #AdvocatingForFamilyBusinesses #FamilyOwnedBusiness #WomenOwnedBusiness @FamilyEnterpriseUSA #FamilyEnterpriseUSA<\/p>\n

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Shutdown Week 6: On Wednesday, Nov. 5, the federal government shut down that began on Oct. 1, became the longest in U.S. history. Last week, the Senate failed for the 14th time to advance a continuing resolution (CR) to keep the government funded. The impasse continues to center on disagreements over extending the enhanced Affordable […]<\/p>\n","protected":false},"author":2,"featured_media":15786,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[48,43,92,76,36],"tags":[],"class_list":["post-15771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-family-businesses","category-estate-taxes","category-multi-generational-business","category-income-taxes","category-taxes"],"acf":[],"_links":{"self":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/15771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15771"}],"version-history":[{"count":4,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/15771\/revisions"}],"predecessor-version":[{"id":15806,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/15771\/revisions\/15806"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/15786"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}