Category: Federal Tax News & Updates

[ad_1] Taxpayers owed but didn’t pay $688 billion in taxes in 2021. That’s up quite a bit from the $496 billion tax gap reported for […]

[ad_1] Later this year, the US Supreme Court will hear Moore v. United States, a case in which the plaintiffs are challenging the constitutionality of […]

[ad_1] Prospects for a year-end tax package are… fuzzy. TaxNotes reports on the difficulty in gauging whether a year-end tax package will make it through […]

[ad_1] Former House Speaker Paul Ryan (R-Ohio) recently warned that a “lot of the tax code would be unconstitutional” if the US Supreme Court rules […]

[ad_1] IRS has spent $2.1 billion in IRA funds thus far. [ad_2] Source link

[ad_1] Massachusetts Gov. Healey signs into law the state’s first tax cuts in two decades. [ad_2] Source link

[ad_1] The House ousted its Speaker. What’s next? Rep. Kevin McCarthy (R-CA) is no longer Speaker of the House after the more conservative wing of […]

[ad_1] Our teenage son called me from school in the middle of the day last month. I braced myself. Generally, those calls come when there’s […]

[ad_1] Tough questions for IRS chief counsel nominee Rollinson. Senate Republicans questioned Marjorie Rollinson on a range of issues at last week’s hearing, ranging from […]

[ad_1] A stopgap spending bill passed late Saturday night. The continuing resolution funds the federal government at current spending levels until Nov. 17. It includes […]