The IRS is Paying Out a New Batch of Surprise Tax Refunds
The IRS is paying out new batch of surprise tax refunds — who's getting them? Hundreds of thousands of Americans reeling financially from Covid 19.
Recent
CORRECTED-IRS Plan to Collect $400 BLN in Unpaid Taxes Relies on Deterrence-U.S. Treasury's Adeyemo
Increased IRS enforcement to collect unpaid taxes makes up the largest source of revenue in the legislation to be considered by Congress.
Tax hikes in Biden's Spending Plan Could Raise $500B Less Than Estimated, Analysis Shows
Biden's tax hikes may only raise $1.5T in revenue over next decade.
House GOP Wants Action to Protect Americans from IRS Intrusion
Despite having 171 GOP cosponsors, Republicans say they will need to wait until they have a majority to move forward with their bill.
Steven Mnuchin Sees Unintended Consequences in Billionaire Tax Plan
"...when you talk about targeting one segment of the population in a very specific way, I worry about the unintended consequences.” - Steven Mnuchin
MEDIA ALERT — Time for Taxpayers to Prepare for the Next Tax Season
2021 year-end tax planning might look different. The US Congress is still considering a large package of changes that could increase taxes in 2022.
Stimulus Alert: Is the Future of the Child Tax Credit in Danger of Massive Reduction?
The expanded CTC, which provided monthly advance payments of $250 per child 6 and over and $300 per child under 6 to qualified families.