House Ways and Means Oversight Subcommittee chairman Bill Pascrell, D-New Jersey, is asking the Treasury Department to curb the use of irrevocable grantor trusts by wealthy families to avoid taxes.
The Internal Revenue Service had a backlog of over 17 million unprocessed tax returns from last year as of early February as the agency copes with an unprecedented workload during the current tax season.
The agency is halting automated collection notices, balance due notices and unfiled tax return notices, after coming under pressure from lawmakers and tax professionals to first catch up on its backlog.
Congress is asking questions about the high salaries paid to college football coaches at some top schools that receive tax exemptions from the Internal Revenue Service.
The Internal Revenue Service is coming under increasing pressure from Congress and tax professionals to address the backlog of unprocessed tax returns from last year and to stem the tide of automated collection notices from its computer systems that have been flooding taxpayers who already filed their returns.