The View From The Trenches: What The Shutdown Has Meant So Far For Taxpayers
We’re on day #7 of the government shutdown. We’ve seen what the shutdown is supposed to mean on paper – but what’s really happening to taxpayers?
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Congress Marches Towards Shutdown, Spares Military
With minutes to go, it looks like the government may shut down. That would mean delayed paychecks for our 1.4 million active military personnel. Is Congress really going to let that happen?
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Government Shutdown 101: What Happens When The Lights Go Off?
With Congress and the White House unable to reach a conclusion on the budget, a government shutdown looms. What happens if we don’t have the money to keep the lights on?
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Figuring Out The Fed: What Is It, Why Did Summers Walk Away, & Why Do We Care?
Larry Summers, thought to be the front runner for a nod as the Chair of the Federal Reserve System, has withdrawn his name for consideration of the post. His departure has tongues wagging as to who might be next (Janet Yellen, anyone?) and what that will mean for the economy.
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Would ‘Very High Taxes’ Keep Unemployment Rates Low?
As Labor Day draws to a close, we wait for unemployment data and ponder: is there a correlation between unemployment rates and taxes?
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Obama Nominates Former Head Of Freddie Mac To Head Up IRS
President Obama has nominated John Koskinen to take over as Commissioner of the Internal Revenue Service.
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As Debate Into Tax Exempt Scandal Continues, Here’s A Timeline Of Who Knew What And When
It is with regret that I will be departing from the IRS as my acting assignment ends in early June. This has been an incredibly difficult time for the IRS given the events of the past few days, and there is a strong and immediate need to restore public trust in the nation’s tax agency….
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Congress Threatens IRS With ‘Right-Sized’ Budget Cuts
Things just keep getting worse for the Internal Revenue Service. Last week, a House Appropriations subcommittee proposed to slash the tax agency’s budget by nearly 25% for the next fiscal year. The cuts would bring the agency’s budget to the lowest level in more than ten years. The budget, which Chairman Hal Rogers (R-KY) has…
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IRS Set To Shut Down For Third Time This Summer
The Internal Revenue Service will shutter its doors for the third time this summer as part of a series of furlough days. The next day for closure is coming up quickly: Friday, July 5, 2013. The furloughs are a reaction to the current budget situation, which includes the sequester. On furlough days, the IRS will…
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IRS Issues Statement On Tax Exempt Scandal
The headlines were filled this morning with accusations, defenses, and more about the scandal involving the Internal Revenue Service’s increased, targeted scrutiny of the applications of specific tax-exempt organizations. Details about what actually happened – and who knew what and when – are still murky. An investigation into the timeline and the players in the…