federal tax law Archive
Oversight, Disbursements, and Compromises | Tax Policy Center
April 16, 2021
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TweetShareSharePin0 Shares Treasury announces oversight office for COVID-19 relief programs… Jacob Leibenluft will lead Treasury’s Office of Recovery Programs that will oversee the many COVID-19 relief programs Congress has approved in recent months. Deputy Secretary Wally Adeyemo says “A new, cohesive model for recovery program implementation at Treasury will help get relief distributed quickly and
US Business Tax Collections Within Historical Norm
April 15, 2021
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TweetShareSharePin0 Shares A common argument for raising the corporate income tax rate is that collections as a share of gross domestic product (GDP) fell after the rate was reduced to 21 percent as part of the Tax Cuts and Jobs Act (TCJA) in 2017. But that argument is incomplete, as the U.S. also has a
US IRS Reminds Of FBAR Filing Obligation
April 15, 2021
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TweetShareSharePin0 Shares by Mike Godfrey, Tax-News.com, Washington 15 April 2021 The Internal Revenue Service is reminding US citizens, resident aliens, and any domestic legal entity that the deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is still April 15, 2021.
The extension of the federal income tax filing due
