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Report: Backlogs Likely to Continue, As IRS Attained Under 67 Percent of Its Hiring Goal Last Year
Taxation
The Treasury Inspector General for Tax Administration (TIGTA) has released a report projecting that IRS backlogs will…
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New York State Legislators Consider Suspending Gas Tax
Taxation
Members of the New York State Legislature are in negotiations to temporarily suspend the state’s gas tax, the Albany…
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Sen. Wyden Seeks to End Tax Breaks for Companies Doing Business in Russia, Belarus
Taxation
Sen. Ron Wyden (D-Ore.), the chair of the Senate Finance Committee, announced on Friday that he is working on policies that…
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IRS Begins Using Voice and Chat Bots to Answer Basic Taxpayer Questions
Taxation
The IRS announced that it has begun using voice bots on two toll-free numbers and chat bots on IRS.gov to answer…
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Latest Spending Bill Reduces IRS Budget Increase from 14 to 6 Percent
Taxation
The House of Representatives passed an omnibus spending bill on Wednesday that reduces an IRS budget increase from 14 to 6…
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IRS Updates FAQs on Child Tax Credits; Publication 972 Now Obsolete
Taxation
The IRS has revised its FAQs about the 2021 Child Tax Credit and Advance Child Tax Credit payments. These revisions are…
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IRS Seeks to Increase Fees for Enrolled Agents
Taxation
The IRS is proposing to raise the enrollment and renewal fees for enrolled agents, Accounting Today reported. The fee for…
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Several States, Including New York, Calling for Tax Cuts This Year
Taxation
New York Gov. Kathy Hochul At least 13 states, led by both Democrats and Republicans are calling for tax cuts this…
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IRS Issues Reminder to Report Income from Gigs, Virtual Currency and Foreign Countries
Taxation
The IRS issued a reminder to taxpayers that they have reporting and potential tax obligations from working in the gig…
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