Tag #Irs

forbes.com
🌐 85% Global Worthiness
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Chevron Doctrine Overruling Increases IRS Scrutiny and Tax Litigation

The Supreme Court's overturning of the Chevron Doctrine in June 2024 eliminated deference given to agency interpretations of statutes; this will increase tax litigation in 2025 as courts review agency actions and the IRS, with increased funding from the Inflation Reduction Act, enforces regulations ...

Progress

44% Bias Score

Reduced Inequality
cbsnews.com
🌐 85% Global Worthiness
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Trump Nominates Auctioneer Billy Long to Lead IRS

President-elect Trump nominated former Missouri Congressman Billy Long, a real estate businessman and auctioneer, to head the IRS, a move praised by conservatives but criticized by Democrats who point to his limited tax experience compared to current commissioner Danny Werfel.

Progress

40% Bias Score

Reduced Inequality
nbcnews.com
🌐 85% Global Worthiness
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IRS struggles to collect taxes from wealthy non-filers

The IRS is struggling to collect taxes from tens of thousands of wealthy Americans who avoid filing returns, exploiting a loophole where non-filing is a misdemeanor, not a felony; a recent initiative has collected $292 million in additional taxes, but millions more remain uncollected.

Progress

56% Bias Score

Reduced Inequality
cnbc.com
🌐 85% Global Worthiness
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"Trump Nominates Billy Long to Lead IRS, Sparking Controversy"

"President-elect Donald Trump nominated former Missouri Congressman Billy Long to lead the IRS, sparking mixed reactions due to Long's past involvement in the employee retention tax credit industry and potential conflicts of interest; the $80 billion in recent IRS funding is also at risk."

Progress

32% Bias Score

Reduced Inequality