Month: August 2022

The Inflation Reduction Act allocates $79.6 billion to the agency over the next 10 years. More than half of the money is meant for enforcement. The remainder of the funding is earmarked for operations, taxpayer services, technology, development of a direct free e-file system. Collectively, those improvements are projected to bring in $203.7 billion in…

We will be organizing seminars and webinars on the Inflation Reduction Act (IRA) throughout the fall. Some resources can be found here: The White House Congress.Gov IRS Statement by IRS Commissioner Chuck Rettig on the Inflation Reduction Act can be found below: “The signing of the historic reconciliation package marks a transformational moment for our…

Taxpayers can access excellent general information at: https://www.irs.gov/newsroom/irs-tax-tips. Some recent articles are below, and you can set-up e-mail delivery as articles are published. Businesses can make excise taxes easier by filing and paying electronically Tax Tip 2022-129, August 23, 2022 — The IRS encourages taxpayers who file federal excise taxes to file and pay electronically….