TAX PRO TODAY

IRSAC: Full funding for IRS a smart ‘first step’

By Jeff Stimpson       1 min read

The advisory group’s annual report supports the IRS’s 2022 budget request. Read story →

Gov't witness says software billionaire innocent of tax fraud

By Neil Weinberg and David Voreacos       3 min read

A U.K. lawyer who got immunity from prosecution said that his former boss, Robert Brockman, did not commit tax evasion. Read story →

Crypto brokers face redefinition under proposed House bill

By Colin Wilhelm       2 min read

A bipartisan group of lawmakers wants to alter who counts as brokers of crypto assets, less than a week after the current designation became law. Read story →

Biden tax threatens climate goals, clean-power cos. say

By Mark Chediak and Josh Saul       2 min read

The latest version of the spending package, which is still being debated, includes a minimum tax of 15% on a corporation’s book income. Read story →

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IRS warns of tax debt OIC scams

By Michael Cohn       3 min read

The Internal Revenue Service posted a series of videos to explain how taxpayers can steer clear of scammers who claim to be able to help them with their tax debts while charging exorbitant fees and making outrageous claims. Read story →

IRS beefs up identity verification for online self-help

By Michael Cohn       3 min read

The Internal Revenue Service is strengthening the identity verification and sign-in process for its online self-help tools after a number of high-profile data breaches.  Read story →

SALT proposals give windfall to top earners in high-cost areas

By Ben Steverman and Laura Davison       5 min read

Well-off professionals in costly areas of the U.S. are set to get a windfall from competing plans to change the deduction limit for state and local taxes. Read story →

Billionaire Brockman’s memory strong in lawsuit, lawyer says

By Neil Weinberg and David Voreacos       2 min read

A lawyer who questioned the software billionaire in an antitrust lawsuit supported prosecutors who fake dementia to avoid trial on tax-evasion charges.  Read story →

Senate SALT Plan would fully lift cap within income limits

By Laura Davison and Kaustuv Basu       3 min read

Sen. Bernie Sanders is working on a proposal to set an income threshold for an unlimited state and local tax deduction.  Read story →

In the blogs: Tsunamis of change

By Jeff Stimpson       3 min read

Keeping your peeps; Better’s economic impact; new to us; and other highlights from our favorite tax bloggers. Read story →

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