Earlier it was announced that the IRS would enhance security on its web site by requiring would be users to verify their identity with a third-party vendor, ID.me. Read More.
While we have seen a steady increase in the price of gas, and other energy types, since early 2021, we have really seen the price of gas, diesel, and heating oil spike since the beginning of the Russian invasion of Ukraine.
Read More.
When Ellen and Carl Otterness' daughters were young, the couple wrote wills. Their primary goal was to name a guardian for their children if something happened to both of them. Then they didn't think about it … for decades. Their now-adult daughters are both over 40, with husbands and kids of their own. Read More.
The IRS plans to hire 10,000 new full-time workers to play a direct role in helping the agency reduce its backlog of millions of unprocessed tax returns and other mail from individual and business taxpayers, according to the leader of the union that represents most of the IRS workforce.
Read More.
Crude oil prices surged as much as almost 20% on Monday to near $140 a barrel for the first time since July 2008, after the US said it was considering a ban on Russia's energy exports together with European leaders. Read More.
"Would the FAIRtax have made George’s job easier in 1794? " - Today’s Chairman’s Report is written by Jade Walle. Jade is a partner of a CPA firm and is on the board of Americans For Fair Taxation.
Read More.
A key inflation measure showed that prices rose at their fastest level in nearly 39 years, but it didn’t deter consumers from spending aggressively, the Commerce Department reported Friday. Read More.
The Internal Revenue Service will have “extraordinarily high” delays again in processing returns, the agency’s National Taxpayer Advocate Erin Collins told Congress today. Read More.