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U.S. Consumer Inflation Outlook Fell Slightly, Fed Survey Shows
KSM Adds Valuation Firm ValueKnowledge in Illinois
How AI is Reshaping the Future of Finance
EY Acquires HR Tech Consulting Firm Jubilant
IRS Pressed to Crack Down on Wealthy Tax Cheats in Puerto Rico
Lawmakers are asking the IRS to accelerate an investigation into rich Americans seeking lucrative tax breaks in Puerto Rico.
TIGTA: IRS’s Decision to Destroy 30 Million Paper Returns Was ‘Reasonable’
The agency's actions, which were reported by TIGTA in May 2022, drew scrutiny from lawmakers and tax professionals.
2024 IRS Tax Brackets, Standard Deductions
While the actual percentages will remain the same, the income levels of each bracket change annually to adjust to inflation.
IRS Advisory Council Issues Report with Recommendations on Agency Changes
The 2023 Public Report includes recommendations on 23 issues covering a broad range of topics including: Sec. 302, EINs, 1099-K reporting, Employee Plans, Modernizing Forms.
Yellen Sets Goals for 2024 Filing Season, Calls Out House GOP for ‘Playing Politics with IRS Funding’
Treasury secretary says cutting IRS funding to pay for Republicans’ $14.3 billion Israel aid bill would be “damaging and irresponsible.”
House Passes Israel Aid Bill Tied to IRS Cuts
House Republicans passed a $14.3 billion Israel aid package Thursday, triggering a clash with Democrats over tax law enforcement.
Biden Would Veto House GOP’s Israel Aid Bill That Cuts IRS Funds, White House Warns
The legislation, championed by new House Speaker Mike Johnson, has already run into stiff bipartisan opposition from the Senate.
House Republicans’ $14.3B Israel Aid Bill Would Impact the IRS
Stand-alone measure seeks to offset Israel support by clawing back $14.3 billion in IRS funding from the Inflation Reduction Act.