Tax Impacts

Senate Finance Committee Chairman Mike Crapo (R‑ID) and Ranking Member Ron Wyden (D‑OR) released a bipartisan draft of the Taxpayer Assistance and Service Act (“Act” or “TAS Act”) on February 26, 2026, aimed at improving IRS procedure and administration. The bill, comprised of legislative proposals recommended by the National Taxpayer Advocate (NTA) and standalone tax bills measures previously introduced by congressional members, proposes some of the most substantial enhancements to taxpayer judicial protections in years, while additionally seeking to streamline processes and communications for tax compliance.

On December 1, 2025, the U.S. House of Representatives passed two significant pieces of bipartisan legislation aimed at reforming tax administration and judicial review: the Fair and Accountable IRS Reviews (FAIR) Act (H.R. 5346) and the Tax Court Improvement Act (H.R. 5349).

On September 17, 2025, the House Committee on Ways and Means advanced two bipartisan tax-procedure measures. Both bills propose technical reforms aimed at reducing procedural friction in federal tax administration and litigation.

Questions of what the Biden administration will mean for taxes are starting to be answered. In less than four months of taking office, the Biden White House has released four separate tax proposals – the American Rescue Plan, the American Jobs Plan, the Made in America Tax Plan, and, most recently, the American Families Plan.