IRS commits to making Child Tax Credit changes quickly
The Internal Revenue Service would be able to implement changes to the Child Tax Credit within weeks, IRS Commissioner Danny Werfel told Congress, and send out tax refunds promptly.
IRS commissioner nomination advances amid debate over $80 billion agency funding
The Senate Finance Committee this week voted to advance Daniel Werfel’s nomination to become IRS commissioner amid fierce debate over the agency’s $80 billion in funding.
IRS Can Seek Bank Records Without Notice, Supreme Court Says (2)
The US Supreme Court on Thursday rejected a proposed limit on the IRS’s ability to demand a bank account holder’s records without giving notice as part of an effort to collect on someone else’s delinquent taxes.
I.R.S. Backlogs Continue as Republicans Mount Offensive
The National Taxpayer Advocate expressed hope that better days were ahead for the tax collection agency.
IRS aims to close ‘inequity gap’ for unpaid taxes. How the agency targets top earners for audit
The IRS will continue to crack down on top earners who haven’t paid taxes owed — and certain returns may see increased scrutiny, experts say.
IRS Accelerates Work on Employee Retention Credit Claims
The Internal Revenue Service announced today continued progress on Employee Retention Credit claims, with processing underway on about 400,000 claims, representing about $10 billion of eligible claims.
Insights from Rick Lazio on How Tax Policy and Small Business Innovation Could Reshape Economic Growth
As the presidential campaign heats up and with a hotly anticipated debate coming between Vice President Kamala Harris and former President Donald Trump, a tax expert is weighing in with his thoughts about the child tax credit and other proposals.
Inside How Private Placement Life Insurance Slips Through the Cracks
Private placement life insurance (PPLI) policies that push the boundaries of what is acceptable under IRS
Innovation Will Fuel Manufacturing Rebirth in the US
The worldwide economy has changed enormously over the past 100 years. Today, the intensifying trade war is dominating headlines – each day sending a new jolt of uncertainty for economists and consumers alike. The latest “fix” is supposed to be built off trade deficits, tariffs, and other immediate changes that will strong-arm our problems away.
Industry Insights
Our alliantgroup professionals got the chance to hear Industry Insights from two of our Strategic Advisory Board members.