Tag Archive for: inflation reduction act

Trump Administration To Scrap IRS Direct File Program, Sources Say
There was initial speculation that Musk’s tech team, nicknamed the “DOGE” group, might take over and improve Direct File. However, two sources say IRS staff working on the program were instructed in mid-March to stop development for the 2026 tax season—effectively signaling its end.

Tax Policies South Florida Businesses Should Pay Attention To Ahead Of 2024 Election
Given Florida’s unique tax landscape, it’s essential for local businesses to grasp how federal-level changes can impact them. In fact, almost half of the tax leaders surveyed (44%) in BDO’s 2024 Tax Strategist Survey believe the election outcome will pose significant challenges to their business.

When To Worry If Your Tax Refund Is Delayed
The IRS used some of its $80 billion in funding from the Inflation Reduction Act to hire thousands of new employees and improve its automated systems, which reduced the backlog significantly. But some returns can still take a while to process. If you're still waiting for your tax refund, there is some information you need to know.

The IRS Is Resuming Debt Collections. Here’s What To Do If You Can’t Pay Your Taxes
As the IRS returns to normal operations, collection activities will resume as well. The agency is ramping up efforts to collect overdue taxes after many debt-collection activities were paused in order to provide relief to taxpayers during the COVID-19 crisis.

IRS Pledges More Audits Of The Wealthy And Better Customer Service
The agency’s newly released strategic operating plan lays out the specifics of how the IRS will allocate the $80 billion or improved operations, through fiscal year 2031, that was approved in that legislation.

Could The IRS Let Everyone File Taxes For Free? Why Congress Is Considering Cutting Out The Middlemen
At one point or another, tax filers found themselves wondering the same thing: “If the IRS knows how much I owe, why do I have to calculate this myself?” For many, that leads to a second question: “Why am I paying a middleman to help me file?” The U.S. government is wondering the same thing. CLICK ON THE HEADLINE FOR MORE