Storm Victims in Georgia, Alabama Get Tax Relief
The IRS has provided tax relief to storm victims in parts of Georgia and Alabama. Victims in the disaster area …
Additional IRS Guidance Needed on Reporting Tax Scams, Says GAO
The IRS needs to improve its instructions to the public on how to report tax schemes for the agency to …
Payors Should Be ‘Vigilant’ During Form 1099-K Transition Period, Tax Pro Says
After the IRS conceded to outside pressure from stakeholders to delay the implementation of the $600 de minimis threshold for reporting third-party …
US to Hit Debt Limit Jan. 19, Treasury Secretary Warns
Absent congressional intervention the federal government will reach its limit on the amount of money it is authorized to borrow …
Republicans Add 10 New Members to Tax Writing Committee
Newly elected House Ways and Means Committee Chairman Jason Smith, a Missouri republican unveiled on January 11 the new Republican …
National Taxpayer Advocate: Same Problems Plague IRS, But Future Is Hopeful
In her 2022 Annual Report to Congress, National Taxpayer Advocate Erin Collins again raised familiar issues the IRS has faced since …
House Passes Measure Clawing Back Nearly $80 Billion from IRS
The House of Representatives on January 10 approved a measure that would rescind almost all the $80 billion provided by …
Republican Rep. Smith of Missouri to Chair Ways and Means
Representative Jason Smith of Missouri on January 9 beat out fellow Republicans Florida Representative Vern Buchanan and Nebraska Representative Adrian …
Speaker Impasse Halts Congressional Activity, Including IRS Services
The lack of a House Speaker has prevented the chamber from carrying out its normal functions, including constituent services dealing …
Republican House Conservatives Threaten Debt Limit Default to Cut Social Programs
At some point in 2023 Congress will need to address the debt limit and several leading GOP House members are …