Secretary Yellen seeks to maintain Congressional investment. The Internal Revenue Service (IRS) said this week that the agency exceeded its taxpayer response goals for the year. They attribute…
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IRS Offers New Electronic Tax Filing System
The IRS commissioner recently testified before a House committee regarding Direct File. The Internal Revenue Service (IRS) has released the pilot version of the agency’s updated electronic tax…
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IRS Improves Phone Service Levels in Current Tax Season
The agency seeks to show the efficacy of additional funding. The Internal Revenue Service (IRS) has shown improved phone response metrics as the tax season kicks off, reportedly…
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IRS to Begin Audits of CEO Company Jet Use
The agency will review business expense claims for private travel. The Internal Revenue Service (IRS) announced that they are proceeding with tax audits to review the accuracy of…
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DOL Requests Public Input on Retirement Plan Disclosures
Federal agencies are looking at how many and how often workers receive retirement disclosures, as well as their effectiveness. The Department of Labor announced that the Employee Benefits…
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IRS Releases Tax Guidance for EV Charging Station Installations
Businesses and homes may file for tax credits for installing stations. The Internal Revenue Service (IRS) released additional guidelines for tax credits granted to recent installations of electric…
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Swiss Bank Banque Pictet Admits Hiding Billions from IRS
The entity reached a $122.9 million agreement with the U.S. Treasury Department. The U.S. Department of the Treasury has come to a $122.9 million agreement with the private…
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IRS Releases Clean Energy Investment Tax Credit
The agency publishes guidance documenting details for investors. The Internal Revenue Service (IRS) has released guidance that outlines the requirements for receipt of the clean energy tax credit.…
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House Committee Investigates Hamas-Linked Charities
Government funding may also be an issue. The House Ways and Means Committee conducted a hearing on Wednesday on funding of the terror group Hamas. They particularly focused on…
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House Bill Would Give Israel Aid from IRS Funds
House legislators want to avoid using “new money.” President Joe Biden has requested in excess of $100 billion in total military aid to go to Ukraine for its…
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