IRS
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Washington State Considers Creating a Retail Delivery Fee
Teens Want Financial Literacy Courses
Organizations Look to Internal Audit Teams as Risk Increases
Pending Home Sales Rose 4.8% in June
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IRS Awards $385,000 in Matching Grants to Low Income Taxpayer Clinics
The LITC program is a federal grant program administered by the Office of the Taxpayer Advocate at the IRS, led by National Taxpayer Advocate Nina E. Olson. Although LITCs receive partial funding from the IRS, LITCs, their employees and their ...
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National Taxpayer Advocate Weighs In on IRS Affairs
Just like clockwork, twice a year the National Taxpayer Advocate (NTA) Nina E. Olson delivers reports to Congress on the state of affairs at the IRS. In the mid-year report released on July 7, Olson focused on a new initiative, the Public Forums on ...
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2016 Fringe Benefits Tax Series #6: Dependent Care Assistance Plans
To help ease the burden of hard-working parents, employers may institute a dependent care assistance plan for employees. Under such a plan, payments made to third parties like babysitters and day care centers are excluded from income if the costs ...
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IRS Crowdsourcing Contest Winners Improve Taxpayer Experience
Winners of a crowdsourcing contest sponsored by the Internal Revenue Service were recently announced. “Tax Design Challenge” encouraged innovative ideas for the taxpayer experience of the future.
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Tax Time for Foreign Accounts: FBARs Due June 30
It's tax time again. Americans with bank or investment accounts located outside of the United States, or signature authority over such accounts, have until June 30 to file an FBAR.
Congressional Committee Votes to Censure IRS Commissioner
Koskinen took over the reins at the IRS in December 2013. Despite the charges levied against him, he has previously said that he intends to stay on until the end of his four-year term.
IRS To Hold EITC and ACTC Tax Refunds Until Mid-February Starting in 2017
The IRS says that, next tax season, processing of early-filed income tax returns with the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) will be delayed. Specifically, the agency will hold tax refunds until at least Feb 15.
States Could Improve Business Tax Compliance By Sharing Data
Business tax non-compliance is a problem that plagues states across the U.S., but could be improved if states were able to more easily share data, according to new research by the Governing Institute. The survey of tax and revenue officials across 29 ...