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 MoreInternal Revenue Service
IRS 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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House to Vote on Spending and Debt Limit Deal
President and speaker come to an agreement. The House will vote Wednesday on a deal to increase the debt ceiling. The agreement would also cap some government spending over…
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IRS Says 1.1 Million Returns Possibly Fraudulent
Senators also request IRS counter scams that defraud individual taxpayers. The Internal Revenue Service has flagged some 1.1 million 2022 tax returns for potential identity fraud requiring additional…
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IRS Answers 2.4 Million More Phone Calls in 2023
An increase in funding results in 5,000 additional staff hired. The Department of the Treasury released updated statistics this week about the performance of the Internal Revenue Service…
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IRS Commissioner Presents 2024 Budget Proposal to Senate
He advocates for increases despite skepticism. Commissioner of the Internal Revenue Service (IRS) Danny Werfel testified before the Senate Finance Committee, presenting the proposed 2024 budget for the…
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President Biden Releases 2022 Tax Return
He reported an income of $579,514 and paid $137,658 in federal income tax. President Joe Biden and First Lady Jill Biden released their 2022 federal tax reports, revealing…
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