I.R.S. Audits Are at a Record Low. Trump’s Cuts Could Make Them Even Rarer.
The Biden plan to increase tax revenue through more enforcement is being reversed.
Posted inFederal Aid (US) Federal Budget (US) National Debt (US) Politics and Government Tax Cuts and Jobs Act (2017) Tax Evasion United States Politics and Government
U.S. Could Run Out of Cash by May, Budget Office Predicts
The Congressional Budget Office said that the so-called X-date could occur as early as spring if Congress does not lift or suspend the nation’s debt limit.
Posted inCapital Gains Tax Law and Legislation Morehead, Dan Pantera Capital Puerto Rico Senate Committee on Finance Tax Evasion Tax Shelters United States Politics and Government Virtual Currency
Prominent Cryptocurrency Investor Faces Senate Tax Inquiry
The Finance Committee’s top Democrat sent a letter last month to Dan Morehead, the founder of Pantera Capital, about the investigation.
Posted inAppointments and Executive Changes Internal Revenue Service Long, William H II Tax Credits, Deductions and Exemptions Tax Evasion Trump, Donald J United States Politics and Government Werfel, Daniel I
I.R.S. Commissioner to Quit as Trump Takes Office
The president-elect has said he plans to nominate Billy Long, a former Republican congressman, to the role.