by usoftax_admin | Sep 26, 2024 | Tax News
The Internal Revenue Service needs to provide guidance for private collection agency employees for cases in which taxpayers request a representative, such as an attorney, while on a call, the Treasury Inspector General for Tax Administration said Thursday. by usoftax_admin | Sep 26, 2024 | Tax News
While the Internal Revenue Service increased its hiring by 41% between fiscal years 2022 and 2023, it took longer than the agency’s 80-day target to hire over 35% of the nearly 53,000 new employees due to numerous problems, the Treasury Inspector General for Tax... by usoftax_admin | Sep 26, 2024 | Tax News
Higher tariffs can’t replace income tax revenue, as former President Donald Trump has suggested, since U.S. imports total $3 trillion annually while incomes top $20 trillion, but they would lower incomes by raising prices for U.S. consumers, a think tank... by usoftax_admin | Sep 26, 2024 | Tax News
A New Jersey attorney charged in the state’s sweeping indictment against power broker George E. Norcross III accused the Attorney General’s Office on Thursday of “attempting to criminalize the routine practice of law” with its charges against... by usoftax_admin | Sep 26, 2024 | Tax News
A penalty assessed to an Indiana beverage company for a late corporate income tax filing will be abated, as the delay wasn’t due to willful neglect, the Department of State Revenue said in a letter of finding.