House Committee Requests Chamber of Commerce Documents

The lobbying group reportedly received funding from a billionaire. The House Ways and Means Committee sent a letter to the U.S. Chamber of Commerce this week, requesting tax…

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IRS Exceeds Taxpayer Assistance Response Goals

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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FTC Files Complaint Against H&R Block for Deceptive Marketing

The company also deleted users’ tax information when they sought a lower-cost filing option. The Federal Trade Commission (FTC) is pursuing action against H&R Block for deceptive marketing…

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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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Senate Committee Chair Critiques Billionaire Life Insurance Plans

Senator Wyden decries the expense plans acting as legal tax havens for the ultra-wealthy. The Senate Finance Committee released a report this week after an 18-month investigation into…

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New House Bill Would Tax University Endowments 

Legislation motivated in part by recent antisemitism.  Some members of the House and Senate have expressed concerns surrounding the massive endowments colleges and universities receive from private donors…

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IRS Answers 2.4 Million More Phone Calls in 2023

An increase in funding results in 5,000 additional staff hired. The Department of the Treasury released updated statistics this week about the performance of the Internal Revenue Service…

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Treasury Reports $129 Billion Brought In on Tax Day

Financial analysts watching 2022 tax receipts closely. The Department of the Treasury released the daily financial statement for the annual tax filing deadline last week, showing a total…

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