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BDO Survey: Election Year Fosters Concerns for Tax Leaders

Changes to certain Inflation Reduction Act renewable credits, as well as to federal corporate tax rates, are among their concerns.

White houseDistrict of columbiaUnited statesMatthew beckerTodd simmensInflation reduction actTax cutsJobs actGreen bookEconomic co operation

IRS and tax pros gird for filing season amid congressional uncertainty

IRS and tax pros gird for filing season amid congressional uncertainty
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United statesDanny werfelZach gibson gettyDave kautterMike johnsonDoreen greenwaldTodd simmensCongress joint committee on taxationA senateRevenue serviceNational treasury employees unionHope campaign of marylandSenate finance committeeGovernment accountability officeMeans committeeInternal revenue service

IRS s extra enforcement funding brings audit worries

Taxpayers are concerned the extra $80 billion will lead to more tax audits.

United statesSterling heightsJanet yellenAndrew harrer bloombergJim brandenburgTodd simmensChuck rettigRevenue serviceSenate finance committeeFirm in sterling heightsInternal revenue serviceInflation reduction actSecretary janet yellenFree fileInflation reductionEmployee retention credit

IRS s extra enforcement funding brings audit worries

Taxpayers are concerned the extra $80 billion will lead to more tax audits.

United statesSterling heightsJanet yellenAndrew harrer bloombergJim brandenburgTodd simmensChuck rettigRevenue serviceSenate finance committeeFirm in sterling heightsInternal revenue serviceInflation reduction actSecretary janet yellenFree fileInflation reductionEmployee retention credit

IRS pledges not to use extra funding to audit lower-income taxpayers

Commissioner Rettig is promising not to use the nearly $80 billion his agency will be receiving to increase audits of small businesses or taxpayers who earn less than $400,000.

United statesJanet yellenTodd simmensChuck rettigRevenue serviceTreasury departmentInflation reduction actPresident bidenInflation reductionSecretary janet yellenTax auditsCharles rettig

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