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2 Dec 2022, 5:01 am by Daniel J. Hemel
Now that a House committee has obtained access to six years of former President Trump’s tax returns, congressional Democrats face an easy question and a harder one. [read post]
18 Nov 2022, 7:14 am by Geoff Schweller
On October 4, Wyden, Chair of the Senate Finance Committee, sent a letter to Treasury Secretary Janet Yellen and current IRS Commissioner Charles Rettig outlining his priorities for the increased funding for the IRS offered by the Inflation Reduction Act. [read post]
17 Nov 2022, 11:18 am by Jack Bogdanski
The President is nominating Daniel Werfel (pictured) to succeed Charles Rettig as the Commissioner of Internal Revenue. [read post]
14 Oct 2022, 8:29 am by Geoff Schweller
On October 4, Senator Ron Wyden (D-OR), Chair of the Senate Finance Committee, sent a letter to Treasury Secretary Janet Yellen and IRS Commissioner Charles Rettig outlining his priorities for the increased funding for the Internal Revenue Service (IRS) offered by the Inflation Reduction Act. [read post]
31 Aug 2022, 2:15 pm by Angelina Cameron
However, the IRS wants to reassure that the goal of the act isn’t to bully taxpayers: “[The Inflation Reduction Act] isn’t about increasing audit scrutiny on small businesses or middle-income Americans,” says Charles Rettig, IRS commissioner, in a letter sent to the Senate. [read post]
8 Jul 2022, 4:06 am by Emma Snell
Signup to receive the Early Edition in your inbox here. [read post]
27 May 2022, 1:01 pm by Ezra Rosser
IRS Commissioner Charles Rettig in testimony before Congress estimated that the tax gap could be as high as $1 trillion a year or almost 30 percent of gross revenues (Davidson, 2021). [read post]
22 Apr 2022, 3:17 am by Sarah
Commissioner Charles Rettig confirmed this in a committee setting, saying:  “Congress enacted FATCA in 2010, but we have yet to receive any significant funding appropriation for its implementation. [read post]
24 Mar 2022, 3:23 am by Kyle Hulehan
IRS Commissioner Charles Rettig recently testified the IRS will catch up on the return backlog by the end of the year by creating surge teams and planning to hire an additional 10,000 workers, but that will do little to alleviate the pain of this year’s filing season ending in less than a month. [read post]
24 Mar 2022, 2:00 am by Paul Caron
Miami hosts the IRS Commissioner Lecture today at 6:00 PM ET (register here): Internal Revenue Service Commissioner Charles P. [read post]
10 Feb 2022, 10:08 am by James J. Scherer
Infrastructure Act Addresses Crypto Tax Gap Despite the IRS’ repeated attempts to thwart cryptocurrency’s use in tax evasion, IRS Commissioner Charles Rettig continues to attribute the growing $1 trillion tax gap in part to the rise in cryptocurrency. [read post]
27 Aug 2021, 3:50 am by Kevin Kaufman
IRS Commissioner Charles Rettig made headlines this April when he estimated at a congressional hearing that the true tax gap is around $1 trillion, after adding in undermeasured offshore tax evasion and cryptocurrency income, but that is probably an overestimate. [read post]
28 Jul 2021, 3:50 am by Kevin Kaufman
They also calculated that the tax gap over the next decade would equal $7.5 trillion.[11] Former IRS commissioner Charles Rossotti, an advocate of increased enforcement and information reporting, reached a similar conclusion, estimating that the 2019 tax gap was around $574 billion.[12] Current IRS commissioner Chuck Rettig’s offhand comment in April 2021 that the true tax gap could be $1 trillion generated a lot of attention.[13] Rettig pointed to increased… [read post]
21 May 2021, 3:00 am by Paul Caron
Rettig defended a venture capitalist whom the Internal Revenue Service accused of using sham methods to escape taxes on overseas operations. [read post]
10 May 2021, 1:47 pm by Brad Schnure
Less than two weeks ago, Oroho partnered with Congressman Josh Gottheimer to author a letter to United States Treasurer Janet Yellen and Internal Revenue Service Commissioner Charles Rettig urging federal guidance to address the concerns of more than a dozen states regarding the unconstitutional extraterritorial assertions of taxing power by states like New York and Massachusetts. [read post]
19 Apr 2021, 8:00 am by Mike Habib, EA
On April 13 IRS Commissioner Charles Rettig testified that he believes that the annual tax gap, i.e., the difference between taxes owed the federal government and taxes paid, may total $1 trillion. [read post]
16 Apr 2020, 8:28 am
The plan has been closely held within the IRS, and Commissioner Charles Rettig has not discussed it on his daily calls with his top executives, senior agency officials said. [read post]