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Emma Slack-Jorgensen
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AmeriCorps Recovered $84 Million in Tax Benefits for Low-Income Taxpayers
Taxation
AmeriCorps, the federal agency for national service and volunteerism, recovered a record $84 million in overlooked…
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IRS Notice Defers Implementation of Rules for RMDs Under SECURE Act to 2024
Taxation
The IRS and the Treasury Department have issued Notice 2023-54, which defers the implementation of rules related to required…
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National Taxpayer Advocate Dings IRS for Incorrect Notices
Taxation
The Internal Revenue Service (IRS) has told taxpayers in federal disaster areas that they have to pay their taxes, despite…
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Senators Solicit Input for Digital Assets Tax Policy
Taxation
The two leaders of the U.S. Senate Committee on Finance have asked the public for policy ideas regarding the taxation of…
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IRS Committee Makes 26 Recommendations to Improve Taxpayer Experience, Including Updating 1099-K and Its Instructions
Taxation
The IRS Electronic Tax Administration Advisory Committee (ETAAC), in its 2023 Annual Report to Congress, has made a series…
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EY Survey: 96% of Businesses Are Transforming Tax and Operating Models
Taxation
An Ernst & Young survey of 1,600 tax and financial professionals found that 96 percent of businesses are transforming…
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Democrats Introduce Bill to Expand Child Tax Credit to Include $2K for Newborns
Taxation
Democratic members of the U.S. House of Representatives, who have been trying to revive a child tax credit (CTC) that…
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Study: IRS Audits of High Earners Yield More Than $12 in Revenue for Every $1 Spent
Auditing
IRS tax audits provide numerous positive benefits, a new academic paper found, Fast Company reported. The paper, A Welfare…
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TIGTA: IRS Struggled to Reconcile Child Tax Credit Payments
Taxation
The IRS made errors in its calculations and distributions of the Child Tax Credit (CTC), a Treasury Inspector General for…
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