Taxes
Who killed local and print journalism? The industry will tell you that Google and Meta are at fault because of their massive transformation of information sharing — and tight control over digital advertising. Google and Meta will tell you that they’re not to blame; rather, the internet fundamentally changed how…
The IRS is continuing to expand online services available to tax professionals who use ta Tax Pro Account. A Tax Pro Account allows tax professionals to access a digital self-service portal to view and manage certain taxpayer information. Tax Pro Account If you aren’t familiar with the Tax Pro Account,…
There is no government shutdown—for now. On Sept. 30, 2023, with a few hours to go before midnight, the House passed a bipartisan bill to fund the government for 45 days. The bill then moved to the Senate, where it was approved. President Biden signed the bill into law on…
An Internal Revenue Service consultant has been charged with disclosing a cache of tax return information without authorization. You can read about the charges here. The charges are not proven, but according to court documents, Charles Littlejohn, 38, of Washington, D.C., while working at the IRS as a government contractor,…
With a government shutdown on the way, federal agencies are taking steps to get ready—including the IRS. The IRS released its contingency plans on Thursday, Sept. 29 (you can read more about it here). Today, the National Taxpayer Advocate, Erin M. Collins, detailed the Taxpayer Advocate Service plans, noting, “today…
This article focuses on another tax governance obligation for large businesses in the UK; the requirement to publish their tax strategy. It is a follow-up to a previous article about Senior Accounting Officer (SAO) requirements. As well as businesses that fall within the SAO regime, it is a legal requirement…
With only days to go until a potential government shutdown, the Internal Revenue Service (IRS) has announced that it would furlough 60,000 of its employees if the government shuts down on Sunday. This drastic move has worrying implications for both the IRS and taxpayers. Not only will the IRS face…
The IRS has announced the availability of expanded chatbot technology on the official IRS website to help answer basic questions for people receiving notices. The announcement alone is pretty exciting for taxpayers and tax professionals who have found themselves sitting on speaker phone for what feels like an interminable wait…
It looks as if a government shutdown is imminent—and federal agencies are taking steps to get ready, including the IRS. According to the Washington Post, the government started notifying federal workers on Thursday, Sept. 28, that a shutdown was likely. The Department of Treasury followed suit. I previously reported that…
Earlier Government Shutdowns Offer A Glimpse Of What Taxpayers Might Expect From IRS, Other Agencies
Remember that huge IRS backlog? It’s easy to think back and assume that the problems began with the pandemic, but they had started well before that. The last government shutdown started the IRS on its path to a massive paper logjam. Here’s a look at what happened. Could it happen…