An IRS policy governing the audits of tax returns filed by U.S. presidents is under new scrutiny
governing the audits of tax returns filed by U.S. presidents is under new scrutiny after a report published by a congressional panel found the agency failed to perform the mandatory inspection of Donald Trump's returns until Congress pressed for information about the process.
“It only became an issue with a president who refused to release his tax returns,” Koskinen said. “If Trump had been releasing his returns, nobody would have raised this issue.” A new $80 billion infusion of funds through the so-called Inflation Reduction Act is supposed to remedy the beleaguered agency's low staffing levels, outdated technology and host of other issues.
in October projects that for 2017 to 2019, the estimated average gross tax gap will be $540 billion per year., and has repeated at various speaking engagements, that the new funds allocated by Congress would be used to increase audits on high-wealth individuals, firms and complex pass-throughs.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Only one Trump tax return as president got mandatory IRS audit, report saysA report on Donald Trump's federal income taxes was released after a House panel votes to make public redacted copies of his tax returns.
Lire la suite »
Records show IRS ignored rule, delayed audit of Trump’s financesAfter taking office, Trump said he’d keep his tax returns secret because of an audit. We now know he was lying — but that wasn’t the only problem. (via MaddowBlog)
Lire la suite »
Donald Trump Somehow Avoided a Mandatory IRS Tax Audit For Two Years as PresidentCongress has finally got its hands on Trump's taxes and it's already raising a lot of questions.
Lire la suite »