TaxVox: Tax administration (business)

Wyden’s Billionaire Income Tax Is Ambitious But Problematic

October 25, 2021 –

Senate Finance Committee Chairman Ron Wyden (D-OR) likes to say : “There are two tax codes in the United States: one for workers who pay...

How Should Congress Fund Investments in The Internal Revenue Service’s Infrastructure?

July 7, 2021 –

Congress is moving toward rectifying the decade-long funding crisis at the IRS . The House is on track to adopt President Biden’s proposed $1.6 billion...

Business Taxes

Biden’s Effort to Close the Tax Gap Is Well-Intentioned but Flawed

May 3, 2021 –

In his American Families Plan, President Biden unveiled a tax compliance initiative aimed at closing the gap between taxes that are owed and what are...

Business Taxes

Too Many IRS Audits of Big Businesses Result In No Change In Tax Liability

April 19, 2021 –

Change can be good, right? Maybe or maybe not. But if you are the Internal Revenue Service, “no change” audits never are good. And, for...

Business Taxes

If Congress Wants the IRS To Collect More Tax from The Rich, It Needs to Pass Better Laws

April 5, 2021 –

Last week, a group of prominent academic and government economists published a study that estimated the top 1 percent of Americans hide more than 20...

Business Taxes

The Supreme Court Is Hearing A Case That Could Block the IRS From Halting Abusive Tax Shelters

November 30, 2020 –

Tomorrow, the US Supreme Court will hear oral arguments in CIC Services v. IRS, a case that threatens to damage the integrity of the tax...

How Much More Money Could The IRS Collect If Congress Gave Them More Money?

September 28, 2020 –

Would increasing the Internal Revenue Service’s funding for audits increase tax collections by more than the cost? Yes, if the funds are spent wisely.

Business Taxes

Tax 101: Expenses Reimbursed With COVID-19 Aid Should Not Be Deductible

May 8, 2020 –

Treasury Secretary Steven Mnuchin and the IRS are right: Because the hundreds of billions of dollars the businesses are getting through the Coronavirus Aid, Relief,...

The IRS Data Book Tells A Story of Shrinking Staff, Fewer Audits, and Less Customer Service.

June 7, 2019 –

The IRS published its annual trove of tax statistics Internal Revenue Service Data Book, 2018 on May 20. On its face, the volume is a...

Business Taxes

Treasury’s New Pass-Through Rules Double Down On The Deduction’s Regressivity

August 14, 2018 –

The Tax Cuts and Jobs Act (TCJA) contains a special 20-percent individual income tax deduction for owners of pass-through businesses that was always going to...