IRS News
Americans fear IRS will use Inflation Reduction Act funding to audit average and lower-income taxpayers
The Inflation Reduction Act provides $80 billion for the Internal Revenue Service to enhance its tax enforcement, but some Americans worried they'll get audited.
foxbusiness.com
Tax and climate bill could massively expand IRS union, which almost exclusively donates to Democrats
The union representing IRS agents donates to Democrats far more than Republicans, and could grow in size if the Inflation Reduction Act passes and more agents are hired
foxnews.com
Democrats’ $80 billion wager: A bigger IRS will be a better IRS
Modernizing the tax collector is a key to the party’s climate change and health care bill, but the agency has many problems after years of underfunding
washingtonpost.com
Tax
TAS Tax Tip: Small business tax highlights
The form of business you operate determines what taxes you must pay and how you pay them.
There are four general types of business taxes:
Income Self-employment Employment Excise
irs.gov
Inflation Reduction Act Will Restore IRS Staffing To 1995 Level By 2026
Nobody seems to question that the "service" piece of IRS has plummeted. And most people would like to see that fixed. It does not bother many people that audit coverage is way down, but in the long run, which we may already be at, it has a demoralizing effect on compliance.
forbes.com
Senate Dems pass social spending, tax bill, working from home disparaged and more: Monday's 5 things to know
The Democratic-controlled Senate took more than 15 hours to pass a major social spending and taxation bill after a marathon weekend 'vote-a-rama.'
foxbusiness.com
From The Desk of Keith L. Jones, CPA
10 Excellent IRS Taxpayer Bill Of Rights You Should Know
The Taxpayer's Bill of Rights gives every taxpayer a set of fundamental rights they should know . Your Taxpayer Bill of Rights codifies existing rights and makes them clearer, more understandable, and available to all taxpayers.
What does the Taxpayer Bill of Rights include?
1.The Right to Be Informed 2.The Right to Quality Service 3. Right to Pay No More than the Correct Amount of Tax 4. The Right to Challenge the IRS’s Position and Be Heard 5. The Right to Appeal an IRS Decision in an Independent Forum 6.The Right to Finality 7. The Right to Privacy 8. The Right to Confidentiality 9. The Right to Retain Representation 10. The Right to a Fair and Just Tax System
keithjonescpa.com