Congress Questions IRS On Efforts To Access Coinbase Customer Data

For months, customers, lawyers, and privacy experts have been voicing concerns about the scope of a “John Doe” summons that the Internal Revenue Service (IRS) seeks to serve on on Coinbase. Now, Congress has joined the clamor. This week, House Ways and Means Committee Chairman Kevin Brady (R-TX), Senate Finance Committee Chairman Orrin G. Hatch … Read more

Congressional Hearing On IRS Authority To License Tax Preparers Is Postponed

The hearing originally announced by Senate Finance Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) to mark up an original bipartisan bill to curb identity theft and tax refund fraud on today, Wednesday, September 16, has been postponed. The bill to be marked up included a number of provisions that were a … Read more

Richard Hatch Spends Supervised Release Shopping New Reality TV Show

I wasn’t kidding when I suggested that Richard Hatch would probably be shopping around a new reality TV show deal now that he’s out of prison. I just didn’t think it would happen so fast. NPR is reporting that the former Survivor winner has hopes of showcasing his relationship with the children conceived from his … Read more

Congress Considers ‘Tax Holiday’ For Corporations

I think we all saw this coming. We’re easing out of a recession. The deficit is climbing. Companies *might* be hiring again, depending on the sector. Wall Street is inching back up, salaries and bonuses included. Retail sales are rebounding. It’s all good, right? We’re getting there, the President keeps reminding us, as he reiterates … Read more

Schumer Calls to Extend HIRE Act Credit

About six months ago, a bipartisan effort to kickstart the economy in the form of new tax incentives, was signed into law by President Obama. The Hiring Incentives to Restore Employment (HIRE) Act, referred to as the HIRE Act, offered a tax break to businesses who hired previously unemployed workers. The break basically exempted employers … Read more

Obama’s Treasury Pick Under Fire for Tax Liability

In the midst of the current economic crisis, I know that many in Congress were hoping for a smooth transition to a new administration. That may not happen. President Elect Barack Obama’s nomination to head the Treasury Department has hit a road block: revelations that Timothy Geithner had failed to timely pay $34,000 in taxes. … Read more