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IRS Recent Guidance on FAQs: Too Little, Too Narrow

TweetShareSharePin0 Shares Today we welcome back guest bloggers Alice Abreu and Richard Greenstein, Professors of Law at Temple’s Beasley School of Law in Philadelphia, with the third installment in our mini-series on IRS FAQ. On Friday, October 15, 2021, the IRS finally issued guidance addressing the controversial issue of taxpayer reliance on positions the agency announces

Democrats Still Aiming For a Framework Tax And Spending Deal By Week’s End?

TweetShareSharePin0 Shares Two steps forward one step back. Democratic leaders continued to work toward a truce  between the party’s liberals and moderates. Reportedly, the now-roughly $1.9 trillion bill still would include paid family and medical leave, new Medicare dental, vision, and hearing benefits, alternative energy tax breaks, and a one-year extension of the expanded Child

2021 International Tax Competitiveness Index

TweetShareSharePin0 Shares The 2021 version of the International Tax Competitiveness Index is the eighth edition of that report. Over the years, many different researchers at the Tax Foundation have worked on the report, several new members of the Organisation for Economic Co-operation and Development (OECD) have been added, and various methodological changes have taken place.

Why Progressivity in Tax Policy Is Not A Simple Matter

TweetShareSharePin0 Shares Policymakers and even policy analysts often consider the progressivity of specific proposals independently from the broader systems in which they operate. Consequently, they often leave the public with a misleading impression of how those proposals affect various income groups. Here are four examples of how specific programs might appear to be regressive yet

IRS Releases Update on Frequently Asked Questions Part 2

TweetShareSharePin0 Shares Today guest blogger James Creech brings us his take on the recent IRS news release and fact sheet announcing important changes in the agency’s use of frequently asked questions. Part One in this series can be found here. Christine As an extended filing day surprise the IRS has released a news release on the role Frequently

“Build Back Better” Progress? | Tax Policy Center

TweetShareSharePin0 Shares Democrats may be closing the gap on Build Back Better. After meeting with President Biden yesterday, Democrats showed some signs of narrowing their differences on a major social spending and tax bill. Biden told Democrats he’s aiming for a deal of about $1.75 trillion to $1.9 trillion, far less than the $3.5 trillion

What’s Going on with the Child Tax Credit Debate?

TweetShareSharePin0 Shares President Biden expanded and fundamentally changed the Child Tax Credit (CTC) for one year in the American Rescue Plan (ARP) passed in March 2021. Policymakers are now deciding the future of the expansion as part of the proposed reconciliation package, but a wide range of estimates for the effects of a permanent expansion

IRS Releases Update on Frequently Asked Questions Part 1

TweetShareSharePin0 Shares Last week the IRS issued a news release and fact sheet discussing its use of frequently asked questions. The IRS’s practice of using FAQs has been the subject of many Procedurally Taxing blog posts. This week we will run a series with different practitioners offering their perspective on the development. Today, we hear
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