IRS

The provisions of the Affordable Care Act (ACA) known as the Employer Shared Responsibility Provisions, which are more commonly referred to as the "employer mandate," require applicable large employers to pay an assessment under the…

The Internal Revenue Service (IRS) has just been given an unprecedented war fund as well as marching instructions to increase collection efforts, courtesy of Congress and President Biden. The Internal Revenue Service will get an additional…

There is a possibility that the so-called Inflation Reduction Act, which was signed into law by Vice President Joe Biden last week, will not truly cut inflation. However, the measure will almost surely have other effects. For example, the…

According to a story published by The Hill, the Internal Revenue Service (IRS) is considering the introduction of an online filing system. One of the ideas that are reportedly being considered is for the federal government to fill up the…

On Monday, Bloomberg published an article that defended the substantial new expenditure that Democrats had authorised for the Internal Revenue Service (IRS) and blamed Republicans for cutting the agency's budget. The inflation Reduction…

The Inflation Reduction Act’s long-term financial boost for IRS should be a game changer for tax administration, taxpayers, and tax professionals. According to David King, who works with Optima Tax Relief, for the agency to make prudent…

There is a rationale behind why only a small fraction of annual tax returns are subjected to auditing each year. It's not that the Internal Revenue Service doesn't want to collect the money that's owing to it from taxpayers. It's because…

It is our civic duty to make tax payments. It is the responsibility of the government to simplify and reduce the cost of our tax obligations to the greatest extent possible. However, for far too long, Congress has disregarded this…