The agency publishes guidance documenting details for investors. The Internal Revenue Service (IRS) has released guidance that outlines the requirements for receipt of the clean energy tax credit.…
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House Committee Investigates Hamas-Linked Charities
Government funding may also be an issue. The House Ways and Means Committee conducted a hearing on Wednesday on funding of the terror group Hamas. They particularly focused on…
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House Bill Would Give Israel Aid from IRS Funds
House legislators want to avoid using “new money.” President Joe Biden has requested in excess of $100 billion in total military aid to go to Ukraine for its…
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Justice Department Issues Indictments Over Fentanyl
Indictments charge Chinese companies and their employees. Attorney General Merrick Garland announced eight indictments charging China-based companies and twelve against Chinese nationals with crimes relating to the production…
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IRS Seeks to Collect Back Taxes from Billionaires
The agency’s initiative is funded under the Inflation Reduction Act. The Internal Revenue Service (IRS) has launched an initiative to collect hundreds of millions of dollars in back…
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Low-Income Community Credit Program Launched
Treasury Department rule encourages the construction of clean energy facilities for lower energy costs. The Department of the Treasury issued a final rule and guidance for its new…
Read MoreIRS Plans Fully Digital Tax Submissions for 2024
The agency expects to convert entirely to paperless processing by 2025. U.S. Treasury Secretary Janet Yellen announced that the Internal Revenue Service (IRS) will begin accepting digital tax…
Read MoreDanny Werfel, Internal Revenue
Danny Werfel is the Commissioner of Internal Revenue. In this position, he serves as the head of the IRS, a role he has held since March of 2023.…
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House Considers Impeachment of Attorney General
A whistleblower report alleges the attorney general stopped an investigation into the president’s son. Speaker of the House Kevin McCarthy commented on a possible impeachment inquiry into Attorney…
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IRS to Deploy Pilot of Online Tax-Filing System
Treasury and IRS officials convene roundtable discussion. The Internal Revenue Service (IRS) is launching a program that will allow a select number of taxpayers to interact with a…
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