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IRS 2021 Whistleblower Report Reveals Increase in Claim Numbers But Decrease in Collections and Awards
Taxation
The IRS issued the fiscal year 2021 report for its Whistleblower Office last week, revealing mixed results for…
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As Gas Prices Soar, IRS Will Raise Deductible Mileage Rate by 4 Cents on July 1
Taxation
In response to the rising cost of gas, the IRS announced that it will increase the optional standard mileage rates for…
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Global Corporate Minimum Tax Deal Faces Lone E.U. Holdout and Looming U.S. Midterms
Taxation
It was nearly a year ago that the White House announced that 130 countries expressed support for a 15 percent global…
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IRS Data Book for FY 2021 Reveals Collection of $4.1 Trillion in Taxes
Taxation
The IRS has issued its Data Book for fiscal year 2021 (Oct. 1, 2020-Sept. 30, 2021), revealing that the agency collected…
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IRS Updates ‘Where’s My Refund?’ Tool to Include Two Previous Years
Taxation
The IRS has announced that its “Where’s My Refund?” tool now allows taxpayers to check the status of their two…
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Sen. Wyden Asks Mazars for More Information About Trump Tax Returns
Taxation
Sen. Ron Wyden Sen. Ron Wyden (D-Ore.), the chairman of the Senate Finance Committee, has sent a letter to Mazars USA LLP,…
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TIGTA Report: IRS Issued Potentially Improper Recovery Payments Totaling $898M
Taxation
A report issued by the Treasury Inspector General for Tax Administration (TIGTA) has found that the IRS issued potentially…
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Study: Worldwide Corporate Tax Rates Reach New Low
Taxation
A recent study has found that the average corporate tax rate for major economies fell to a new low of 25.1 percent in…
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Bipartisan Bill Introduced in Senate Would Bar Tax Breaks for Companies Paying Taxes to Russia, Belarus
Taxation
A bipartisan bill introduced in the Senate on Thursday would bar companies that pay taxes to Russia or Belarus from…
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