The institute has asked the IRS and the Treasury to issue a notice clarifying that relief will also apply to S corporations. | Consumers increasingly see tax-the-rich plans hurting economy | | By Laura Davison 2 min read | | Consumers in 2019 were more likely to say plans to hike taxes on the wealthy would harm economic growth than they were in prior years, despite it being a key campaign pledge for nearly every Democratic presidential candidate, according to a new University of Michigan survey. | |
| Meet the new W-4 | | By Daniel Hood | | The brand-new withholding form for 2020 will present taxpayers with challenges, and tax pros with opportunities, says ADP's Pete Isberg. | |
| IRS improves online Withholding Estimator to reflect new W-4 | | By Michael Cohn 3 min read | | The Internal Revenue Service unveiled an enhanced Tax Withholding Estimator on its website Tuesday, designed to help workers fill out the new W-4 withholding form and hopefully avoid the problems seen last year when many taxpayers found themselves owing more taxes or receiving less of a tax refund than they expected. | |
| IRS whistleblower awards declined steeply in FY19 | | By Michael Cohn 2 min read | | The Internal Revenue Service’s Whistleblower Office made 181 awards to whistleblowers in fiscal year 2019, totaling over $120 million and collected more than $616 million. | |
| Tax Fraud Blotter: Packin’ | | By Jeff Stimpson 5 min read | | Bad news; ’tis the season; injunction schmunction; and other highlights of recent tax cases. | |
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