"Good News, Tax Evaders! The IRS Can’t Keep Up" - This is the name of an article by Jay Starkman, a CPA, that appeared in the Wall Street Journal on February 15, 2022.
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In Monday’s Guest Editorial, John Hendrickson of Iowans For Tax Relief says “all taxpayers in Iowa will see tax relief” from the recently signed legislation. This statement is patently false! Iowa income taxes are graduated ranging from 0.33% up to 8.53%. Anyone making less than $28,000 a year is currently paying less than 4% in Iowa Income Tax. The new 4% flat tax will raise taxes on everyone in Iowa making less than $28,000. Read More.
After the demonetisation in 2016, India initiated ‘Project Insight’ to deter noncompliance, to impart confidence that all eligible persons pay appropriate taxes, and to promote a fair tax administration. Read More.
"Millennials and Generation Z's Must Demand the FAIRtax! " - There are compelling reasons for all of us to support enacting the FAIRtax. However, it is especially vital for Millennials and Generation Z if they are to have any hope of enjoying the opportunities and lifestyles that were available to the Baby Boomers and Generation X’s.
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For 40 years the IRS has tried and failed to update its main computer system. Regardless of funding level and regardless of who controls the White House and Congress, the bureaucracy is simply unable to pull it off. The IRS and progressive Democrats continue to plead poverty and pretend the failure is due to insufficient funding rather than incompetence.
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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.
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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.
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