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TIGTA Releases Report on Improper Payment Rate For Refundable Credits

TweetShareSharePin0 Shares Last month TIGTA released its annual review of the IRS’s improper payment reporting requirements under the Payment Integrity Information Act  (PIIA). The focus in this TIGTA report is the IRS’s administration of refundable credits. In the pre-COVID time frame (FY 20), OMB determined that the Earned Income Tax Credit (EITC), Additional Child Tax Credit (ACTC), and American Opportunity

Making Good on Tax Promises, Sort Of

TweetShareSharePin0 Shares The Green Book is back. Officially “The General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals,” the volume includes detailed descriptions of President Biden’s tax plans. Required beach reading for tax geeks, just in time for summer. Former President Trump scrapped the long tradition of issuing the Treasury report to supplement the

Making Good on Tax Promises, Sort Of

TweetShareSharePin0 Shares The Green Book is back. Officially “The General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals,” the volume includes detailed descriptions of President Biden’s tax plans. Required beach reading for tax geeks, just in time for summer. Former President Trump scrapped the long tradition of issuing the Treasury report to supplement the

Making Good on Tax Promises, Sort Of

TweetShareSharePin0 Shares The Green Book is back. Officially “The General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals,” the volume includes detailed descriptions of President Biden’s tax plans. Required beach reading for tax geeks, just in time for summer. Former President Trump scrapped the long tradition of issuing the Treasury report to supplement the

President’s budget contains many tax proposals

TweetShareSharePin0 Shares President Joe Biden’s administration unveiled its proposed budget for fiscal year 2022 on Friday. Treasury says the $6 trillion proposed budget focuses on infrastructure, clean energy, and research and development, and among its many provisions are a host of proposed tax changes affecting individuals and corporations. One set of tax and revenue proposals,

Follow Up Information on Tax Court Service of Petitions

TweetShareSharePin0 Shares Yesterday, we published some data from Carl Smith showing that the service of a new Tax Court petition on the office of Chief Counsel was taking about two months.  Following that observation, Carl did some additional digging and found the service time to vary considerably.  Below is a chart of his most recent

Big Budget, Smaller Counters | Tax Policy Center

TweetShareSharePin0 Shares White House releases its $6 trillion budget today. The Washington Post reports President Biden will propose no new major policies in the budget beyond the many ambitious ideas in his American Jobs Plan and American Rescue Plan. The budget reflects his $2.3 trillion infrastructure proposal, $1.8 trillion education and families plan, and $1.5

Arizona Legislators Consider Lower, Flatter Income Tax

TweetShareSharePin0 Shares Arizona legislators are considering tax changes as part of the fiscal year 2022 budget process that is underway. Companion omnibus taxation bills HB 2900 and SB 1828 would reduce individual income tax rates for all taxpayers, consolidate the state’s graduated-rate income tax brackets into what would effectively be a two-rate structure by 2023,

The Real American Dream – in Scandinavia: the Tax Justice Network podcast, May 2021

TweetShareSharePin0 Shares Welcome to the latest episode of the Tax Justice Network’s monthly podcast, the Taxcast. You can subscribe either by emailing naomi [at] taxjustice.net or find us on your podcast app. In this episode: Taxcast host Naomi Fowler talks to millionaire and wealth tax campaigner Djaffar Shalchi of Millionaires for Humanity about his experience of moving from

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