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Money for Tech in Tax Compliance Initiative Could Combat Fraud, Prevent Frustration
Taxes
Money for Tech in Tax Compliance Initiative Could Combat Fraud, Prevent Frustration
2021-11-05 22:58:59
by Kate Michael

WASHINGTON — As Congress finally looks ready to vote on infrastructure and spending bills, policy experts on both sides of the aisle have focused on one key initiative that was put forward to pay for new government investments — tax... Read More

Banking
Administration Scaling Back Plan to Deepen IRS Scrutiny Into Bank Accounts
2021-10-19 21:23:09
by Dan McCue

WASHINGTON - The Biden administration is reversing course on a proposal that would have required banks to flag private accounts to the Internal Revenue Service when an individual deposit or withdrawal exceeded $600. A revised plan, expected to be announced... Read More

Infrastructure
Senator: Bipartisan Infrastructure Bill Loses IRS Provision

WASHINGTON (AP) — A proposal to strengthen IRS enforcement to crack down on tax scofflaws and help fund a nearly $1 trillion bipartisan infrastructure spending bill is officially off the table, Republican Sen. Rob Portman said Sunday. Portman, who is... Read More

Taxes
IRS Poised to Push Tax Deadline Back to May 17
2021-03-17 20:29:25
by TWN Staff

WASHINGTON - The Internal Revenue Service is poised to give Americans extra time to file their taxes as a result of the pandemic, according to a published report. Instead of the usual April 15 deadline, filers will have until May... Read More

Taxes
Spanberger Calls on IRS to Extend Tax Filing Deadline to July 15
2021-03-15 20:41:08
by TWN Staff

WASHINGTON - Rep. Abigail Spanberger, D-Va., is calling on the Internal Revenue Service to immediately extend the 2020 tax filing deadline an additional three months — to July 15, 2021. Central Virginia taxpayers currently have until Thursday, April 15, 2021... Read More

Congress
IRS Makes Plea for Upgrade to Improve Tax Collections
2020-10-08 14:32:14
by Tom Ramstack

WASHINGTON -- Lawmakers joined the Internal Revenue Service’s commissioner Wednesday in making a plea to upgrade the computers and staff that collect the nation’s taxes. They said budget cutbacks and the coronavirus have resulted in shortcomings in the agency’s ability... Read More

In The News
President Trump's Name to be Embossed on Stimulus Checks
2020-04-15 18:56:33
by Dan McCue

WASHINGTON - In an unprecedented move, President Donald Trump's name will be printed on the stimulus checks the Internal Revenue Service is about to start sending to millions of Americans across the country. The inclusion of Trump's name was first... Read More

In The News
IRS Extends Tax Deadline 90 Days in Response to Coronavirus
2020-03-17 21:57:58
by Dan McCue

WASHINGTON - The Trump administration announced Tuesday that individuals and businesses will be allowed to delay paying their 2019 tax bills for 90 days past the usual April 15 deadline to July 15. The extension is an effort to inject... Read More

Congress
Chairman Neal Issues Subpoenas for Trump Tax Returns
2019-05-10 21:11:51
by Dan McCue

Representative Richard Neal, D-Mass., chairman of the House Ways and Means Committee Friday issued subpoenas for six years of President Donald Trump's tax returns. The subpoenas give Treasury Secretary Steven Mnuchin and IRS Commissioner Charles Rettig until 5 p.m. next... Read More

Congress
House Panel Formally Asks IRS to Turn Over Trump Tax Returns
2019-04-04 14:10:38
by Dan McCue

The chairman of the House Ways and Means Committee Wednesday formally requested that the Internal Revenue Service turn over six years of President Donald Trump's personal and business tax returns. In a letter to IRS Commissioner Charles Rettig, Representative Richard... Read More

Straight From The Well
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