Soaring food prices both in the U.S. and abroad have prompted countries to ban exports of core agricultural commodities, pushing up domestic food prices and leading agronomists to wonder what additional crops could face supply constraints on their way to grocery stores.
A new report from the government’s internal watchdog found that richer taxpayers are benefitting the most from a broader decline in audit rates by the IRS, adding impetus to criticism that the U.S. tax system favors the wealthy, and possibly bolstering a White House push to increase taxes on the wealthy.
Tax returns are piling up at the Internal Revenue Service, and millions of taxpayers are experiencing refund delays beyond the typical 21 days or fewer for e-filed returns electing a direct deposit refund.
Together, Russia and Ukraine provide over 30% of the world’s wheat supply, just under 30% of the world’s barley supplies, about 15% of the global corn supply, and over 70% of the world’s sunflower oil.
During Federal Reserve Chairman Jay Powell’s recent testimony before Congress, he was pressed by legislators on both sides of the aisle on the top threat to our nation’s economic growth: inflation.
It’s no exaggeration to say that the nonprofit sector is revved up for this morning’s hearing. Hearings don’t frequently move the needle for lawmakers — far from it.
The IRS is a huge mess this year, thanks to a pandemic that is entering its third year, a decade of budget cuts and out-of-date technology.
A pandemic relief measure with sustained bipartisan backing, the employee retention tax credit was originally set to expire at the end of 2021.
Women’s History Month has always been an opportunity to celebrate and hold up the accomplishments of women and their contributions to our culture and our society. Throughout the years, trailblazing women from various fields have led the way for change.
The IRS has added a new layer of complexity for those who intend to claim a research credit refund. Eric Hylton, director of compliance at alliantgroup, discusses how taxpayers are now having to provide more information to the agency to substantiate their refund qualification.