alliantgroup, the nation’s premier consulting firm for small and medium-sized businesses, is celebrating a historic win for taxpayers. The U.S. Tax Court issued a precedent-setting opinion on IRC sec. 179D for alliantgroup’s client.
President Joe Biden’s nominee to lead the IRS answered questions during a Senate Finance Committee hearing this week, highlighting key issues from lawmakers on both sides of the aisle.
In its recently released Strategic Plan for Fiscal Years 2022-2026, the IRS described how it will leverage technology and data analytics as a key component for achieving its goals within four strategic areas: service, enforcement, people, and transformation. In the plan, the IRS listed “improving data management and analytics” as one of its six focus areas for improving taxpayer experience and transforming the agency.
The National Taxpayer Advocate expressed hope that better days were ahead for the tax collection agency.
House Republicans on Monday night voted to slash funding for the IRS, following a pledge from newly-elected Speaker Kevin McCarthy to repeal the money approved by Congress last year.
The measure, one of the new majority’s first legislative moves, would cut billions in funding that Democrats passed to help crack down on tax cheats. It does not have enough votes to pass the Senate
Getting refunds on your taxes can be exciting but waiting for your refund is a different matter. Whether you are a seasoned attorney with years of experience or you are submitting your taxes for the first time, the IRS refund process can seem slow. So what can you do about it?
Tax returns are piling up at the Internal Revenue Service, and millions of taxpayers are experiencing refund delays beyond the typical 21 days or fewer for e-filed returns electing a direct deposit refund.