United States. Internal Revenue Service -- Management, United States. Internal Revenue Service -- Reorganization and restructuring, and Taxpayer First Act

The law revamps the appeals process, requests for innocent spouse claims, and private debt collection rules, among other revisions. The Taxpayer First Act of 2019, P.L. 116-25, became [...]

Republican Party (United States) -- Tax policy, Tax reform -- Analysis, Capital gains tax -- Laws, regulations and rules, and Depreciation -- Laws, regulations and rules

Republican proposals for tax reform as part of the 'Contract With America' focus on reducing the capital gains tax and accelerating depreciation deductions, though other provisions include family tax credits, American Dream savings accounts and relief for home workers and small businesses. Capital gains provisions will grant a 50% deduction on the excess of net long-term capital gain over net short-term capital loss, but the proposals also require complex indexing of assets. Depreciation reforms will also implement complex indexing calculations.

Tax reform -- Analysis and Tax Cuts and Jobs Act of 2017

The Tax Cuts and Jobs Act, P.L. 115-97, which President Donald Trump signed into law on Dec. 22, enacted a large overhaul of many parts of the Internal Revenue Code. [...]

United States. Internal Revenue Service. Office of the National Taxpayer Advocate -- Reports, Taxpayer compliance -- Reports, and Earned income tax credit -- Management

W. Val Oveson, CPA, has been very busy ferreting out tax policy and administrative problems that make compliance burdensome for taxpayers. In his annual report to Congress, Oveson, who has [...]

Government regulation, Company business management, Domestic international sales corporations -- Taxation, Domestic international sales corporations -- Usage, Export duties -- Laws, regulations and rules, Export duties -- Management, Deferred tax (Accounting) -- Laws, regulations and rules, Deferred tax (Accounting) -- Management, and Internal Revenue Code (I.R.C. 922-933)

U.S. exporters--including, but not limited to, manufacturers--that create an IC-DISC (interest charge domestic international sales corporation) can enjoy potentially large tax savings with relatively low initial costs. Congress created the [...]

Government regulation, Tax consultants -- Standards, Tax policy -- Laws, regulations and rules, and U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act of 2007

When Congress passed the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act of 2007, it contained one major tax policy change not reflected in the title. [...]

Government regulation, Tax extensions -- Laws, regulations and rules, and Consolidated Appropriations Act of 2016

A large number of expired tax provisions were extended--some permanently--as part of the omnibus spending bill, the Consolidated Appropriations Act, 2016, P.L. 114-113, signed into law by President Barack Obama [...]

United States. House of Representatives. Committee on Government Reform -- Reports, United States. Internal Revenue Service -- Powers and duties, and Taxpayer compliance -- Laws, regulations and rules

'Get the show on the road,' says a House of Representatives Government Operations Committee report on corporate document matching to the IRS. The General Accounting Office has urged Congress to [...]

United States. Congress -- Social policy and Health care reform -- Forecasts and trends

According to a survey of 1,670 hospital chief executive officers and physicians, Congress will act in the near future.

United States. Bank Insurance Fund -- Management, United States. Savings Association Insurance Fund -- Management, Financial institutions -- Insurance, and Glass-Steagall Act

House Banking Committee chairman Jim Leach (R-lowa) told members attending the American Institute of CPAs national conference on savings institutions that before the end of the year the House and [...]

United States. Congress. House. Subcommittee on VA, HUD, and Independent Agencies -- Investigations, Court congestion and delay -- Prevention, and Tax courts -- Officials and employees

United States. Savings Association Insurance Fund -- Finance, Savings and loan associations -- Laws, regulations and rules, and Financial institutions -- Accounting and auditing

The omnibus appropriations bill of 1996, approved by Congress and President Clinton on September 30, recapitalizes the Savings Association Insurance Fund (SAIF) through a special assessment on SAIF-insured institutions. The [...]

United States. Internal Revenue Service -- Public relations and Tax administration and procedure -- Reports

Congresswoman Nancy L. Johnson (R-Conn.), who chairs the House Ways and Means Committee's Oversight Subcommittee and is the author of Taxpayer Bill of Rights 2 (TBOR 2), told the Internal [...]

United States. Internal Revenue Service -- Management, Tax collection -- Management, and Tax administration and procedure -- Management

United States. Internal Revenue Service -- Reports and Independent contractors -- Reports

A report by a congressional committee urges the IRS to take action now to reduce the number of workers who are misclassified as independent contractors. The report advises the IRS [...]

Government regulation, Tax rates -- Laws, regulations and rules, Economic Growth and Tax Relief Reconciliation Act of 2001, and Jobs and Growth Tax Relief Reconciliation Act of 2003

Pulling back from the 'fiscal cliff' at the 13th hour, Congress on New Year's Day preserved most of the George W. Bush-era tax cuts and extended many other lapsed tax [...]

United States. Internal Revenue Service -- Management, Tax collection -- Management, and Tax-sales -- Management

Members of the House Ways and Means Oversight Subcommittee bluntly criticized the IRS's general mismanagement of assets it has seized, especially in light of the agency's huge $125 billion accounts [...]

United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations -- Investigations and Insurance industry -- Finance

Government regulation, Restitution -- Taxation, Tax assessment -- Laws, regulations and rules, Internal Revenue Code (I.R.C. 6201(a)(4)(A)), and Klein v. Commissioner (149 T.C. No. 15 (2017)

In a case of first impression, the Tax Court held that the IRS may not assess underpayment interest or failure-to-pay additions to tax based on a criminal restitution award. [...]

Government regulation, Tax incentives -- Laws, regulations and rules, Tax credits -- Laws, regulations and rules, Tax refunds -- Laws, regulations and rules, Small Business Jobs and Credit Act of 2010, and Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

EXECUTIVE SUMMARY * The Small Business Jobs Act and 2010 Tax Relief Act each enhanced and/or extended significant tax benefits for businesses, especially those that can combine certain [...]