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Federal Tax Updates Archive

Inflation Reduction Act IRS Tax Enforcement Provisions

TweetShareSharePin0 Shares Perhaps one of the most controversial pieces of the Inflation Reduction Act (IRA) is the expansion of the Internal Revenue Service (IRS). There is a compelling case for strengthening the enforcement of existing taxes, rather than creating new ones, as a way to raise revenue. The economic costs of enforcing existing taxes are likely

IRS Must Present “Modernization Plan” Within Six Months

TweetShareSharePin0 Shares The Internal Revenue Service (IRS) has been given a six-month timeframe to present a “modernization plan” that will improve the American taxpayer experience. Now that the Inflation Reduction Act of 2022 has been officially signed into law by President Joe Biden — providing the IRS with $80 billion in additional funding and resources

The Weekly (Tax)Buzz – August 17th, 2022

TweetShareSharePin0 Shares The Weekly (Tax)Buzz – August 17th, 2022 If you feel like the news is tough to keep up with these days, you aren’t alone. Every week, we publish a curated list of some of the top articles in tax and finance. Tune in every Wednesday to read the latest thought leadership pieces from

One Oregon Gubernatorial Candidate Won’t Hand Over Tax Returns

TweetShareSharePin0 Shares Of the three candidates for Governor of Oregon this year, only one won’t hand over their tax returns. Willamette Week shared details about the publication’s attempt to secure tax return copies from all three candidates in this year’s race — Republican Christine Drazan, Democrat Tina Kotek, and Independent Betsy Johnson. Former Democratic state Senator Johnson, however,

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