Podcasts about irs commissioner charles rettig

Wednesday August 17, 2022 - Well, President Bident signed the Inflation Reduction Act into law yesterday. The IRS just received an additional $80 Billion dollars over the next 10 years - a 75% increase in the IRS budget. Did you know the IRS budget, after all supplemental funding is close to $14 Billion dollars already! Treasury Secretary Janet Yellen promised “these investments will not result in households earning $400,000 per year or less or small businesses seeing an increase in the chances that they are audited relative to historical levels.” IRS Commissioner Charles Rettig have promised “These resources are absolutely not about increasing audit scrutiny on small businesses or middle-income Americans” Attorney Steven A. Leahy measures these promises with the facts on Today's Tax Talk. https://mycbs4.com/news/nation-world/fact-check-team-how-the-irs-expansion-could-impact-middle-class-americans-new-spending-bill-provides-80b-to-irs-for-enforcement-audits-on-high-income-taxpayers-irs-expansion-democrats-reconciliation-bill-will-add-87000-employees-to-irs-to-improve-efficie https://finance.yahoo.com/news/dont-worry-about-a-beefier-irs-unless-youre-a-tax-cheat-202620223.html https://news.yahoo.com/yellen-eyes-80b-boost-monumental-151335732.html https://www.cnbc.com/2022/08/08/reconciliation-bill-includes-nearly-80-billion-for-irs-funding.html --- Send in a voice message: https://anchor.fm/steven-leahy1/message

Thursday August 4, 2022 - The Inflation Reduction Act (yeah, right) proposes doubling the size of the IRS to collect more taxes by increasing audits on wealthy tax cheats. Today, IRS Commissioner Charles Rettig promised “These [additional] resources are absolutely not about increasing audit scrutiny on small businesses or middle-income Americans. As we have been planning, our investment of these enforcement resources is designed around Treasury's directive that audit rates will not rise relative to recent years for households making under $400,000.” So, not to worry America - the IRS isn't coming after you. Or, are they? Attorney Steven A. Leahy looks at the IRS promises and helps you decide if you can count on those promises. https://www.nytimes.com/2022/08/04/business/irs-audits-funding-congress.html https://nypost.com/2022/08/03/why-irs-80b-expansion-is-a-nightmare-for-small-business/ https://www.washingtonexaminer.com/restoring-america/fairness-justice/as-irs-prepares-to-double-in-size-it-isnt-the-billionaires-who-should-be-worried --- Send in a voice message: https://anchor.fm/steven-leahy1/message

Monday April 2, 2022 - The IRS has an image problem. They also have a messaging problem. If only the IRS could let the citizens know how important they are to democracy, everything would be right as rain. After all, $14 Billion Dollars only goes so far. As we reported last week, the IRS is on a mission to get more funding, and they need the public to help. Without public support their mission will fail. To that end, IRS Commissioner Charles Rettig appeared before the members of the House Oversight and Reform Committee last Thursday.. So, while the phones go unanswered, refunds go unpaid, and returns go unprocessed, the IRS is focusing on fixing public perception of the agency. Because that is where the real problem arises. Attorney Steven A. Leahy focuses on the perception of the perception of the IRS on Today's Tax Talk. https://www.journalofaccountancy.com/news/2022/apr/irs-funding-technology-assessed-house-hearing.html https://www.washingtonpost.com/politics/2022/04/22/irs-underfunded-messaging-republicans-democrats/ https://news.bloomberglaw.com/daily-tax-report/trust-still-broken-at-irs-leaving-rettig-in-messaging-muddle --- Send in a voice message: https://anchor.fm/steven-leahy1/message

IRS Commissioner Charles Rettig discusses the current state of the tax agency, including the paper return backlog, technology improvements, and hiring updates. Listen to the entire interview here: The State of the IRS with Commissioner Charles RettigFor additional  coverage, read these articles in Tax Notes:Rettig Warns Against New Info Reporting Rules Without FundingNew Tax Credits Blamed for Huge Number of 2021 Filing ErrorsNew Hiring Authority Paying Off for IRS, Rettig SaysTaxpayer Advocate Urges Rapid IRS Uptake of Paper-Scanning TechIRS Modernization Has Means but Not Funding, Rettig SaysRettig Makes a Big Backlog Pledge, Defends Audit PrioritiesFollow us on Twitter:Cara Griffith: @TaxCaraGriffithDavid Stewart: @TaxStewTax Notes: @TaxNotesFor more about the Christopher E. Bergin Award for Excellence in Writing, visit taxnotes.com/students.**This episode is sponsored by Avalara. For more information, visit avalara.com/taxnotes.This episode is sponsored by SafeSend. For more information, visit safesend.com.This episode is sponsored by the UC Irvine School of Law's Graduate Tax Program. For more information, visit https://ce.uci.edu/?utm_source=TNM&utm_medium=podcast&utm_campaign=2022taxnote.This episode is sponsored by the District of Columbia Bar. For more information, visit dcbar.org.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner and Audio Engineer: Jordan ParrishGuest Relations: Alexis Hart

Thursday April 7, 2022 - Today, IRS Commissioner Charles Rettig said "The IRS could wipe out its massive backlog of returns by the end of the year." To do that, the IRS has revealed a Surge plan and a new hiring plan that would ad another 10,000 employees. The IRS Commissioner also revealed "“53% of the employees are in a full-time telework capacity. The rest of the employees either have a blended capacity or they are onsite.” The good news? Rittig told the committee "We are currently running around 19 to 20 percent level of service.” That's up from 1 in 9 calls being answered. Attorney Steven A. Leahy reviews Commissioner Rittig's testimony before the House Ways and Means committee. https://www.cbsnews.com/news/charles-rettig-irs-resolve-backlog-2022/ https://www.atr.org/irs-picks-up-the-phone-only-19-to-20-percent-of-the-time/ https://www.atr.org/irs-chief-53-of-agents-work-from-home-full-time/ --- Send in a voice message: https://anchor.fm/steven-leahy1/message

IRS Commissioner Charles Rettig acknowledged this week that the tax agency faces “enormous challenges” in providing service this year, but he said taxpayers should direct their anger at Congress for not providing enough money. Stephen Dinan joins Andy Parks with more on how the IRS says the pandemic took a toll but cost-cutting has starved his agency of the employees and technology it needs to process returns, answer questions and chase after “ultra-wealthy” tax cheats.

IRS Commissioner Charles Rettig and Treasury Security Janet Yellen push Congress to force your bank to tell the IRS how much money you have on deposit — even as little as $600. Is this a smart way to catch tax cheats so President Biden can get the trillions of dollars he needs to Build Back Better? (Remember, his $3.5 trillion plan costs 'zero dollars'.) Scott Ott has a word for this. Scott Ott, Stephen Green and Bill Whittle create some 260 new episodes of Right Angle each year, powered by our Members. Those who join unlock access to comments, forums, backstage video content and become writers at our Member blog. Click the big green button at https://BillWhittle.com

Over the past year, Kelly has talked a lot about “the profession.” Broadly, that refers to the tax world. However, tax as a career isn't always easy to categorize, and not all tax professionals are accountants or preparers. Kelly is often asked how to get started in tax, and since the answer can be so nuanced, she was inspired to start an occasional series highlighting nontraditional tax careers. There are so many careers in tax besides accounting and preparing. For those who find data, legislature, and current events most exciting, tax reporting could be the perfect career. On today's episode of the Taxgirl podcast, Kelly is joined by Allyson Versprille to chat about her career as a tax reporter. Allyson is a senior reporter covering tax and the IRS with Bloomberg Tax. Her articles deal with everything from significant regulatory developments to administrative news, especially that which involves the IRS. She has also worked as a reporter on Capitol Hill, writing about major tax legislation including the major 2017 tax overhaul. She's appeared on Bloomberg Radio and Bloomberg Surveillance, as well as Bloomberg's Talking Tax. Her work has appeared in Wealth Management Magazine and Accounting Today. Her reporting on state and corporate tax issues has won awards. Listen to Kelly and Allyson talk about her career in tax and reporting:How did Ally choose a career in tax reporting, and what steps did she take to get to where she is now? Ally shares her experience in college learning about broadcast journalism and ultimately switching her focus from pre-med to journalism. How did her early days of journalism take her to tax reporting? When she began her reporting career she was interning in New York City and covering news on Ebola. Eventually, she received an email from a Bloomberg representative that they were interested in bringing her on board as a tax reporter.  While she never thought she'd become a tax reporter, Ally says now she's always telling her team "there's always a tax angle." How does Ally get her stories, and how does she decide what will make a good piece of tax writing? She shares how she often will speak to other industry professionals about what current events or concepts are buzzing around their firms and offices, and she also has a finger on the pulse of #TaxTwitter and social media to gauge what topics are most prevalent. Where does she get her sources, and does she ever have anonymous sources? Where does she get her sources, and does she ever have anonymous sources? She does sometimes use anonymous sources, but that's not very common. How did Ally learn how to decide what stories are worthwhile and which pitches aren't worth her time? She follows the most interesting and exciting story ideas in general, and also says she tries to connect with sources within a day of the event breaking. Anything with interesting data, headlining news or topics, or a particularly unique angle catches her eye as well. What's her favorite part of tax reporting? Ally says anytime she finds a story or topic that no one else has “discovered” yet, the feeling of “getting a big scoop,” is what keeps her excited about her job every day. What's her least favorite part of the job? She shares with a laugh about the stress of receiving a dense IRS regulation debrief on a Friday afternoon. Also, occasionally in the process of breaking a story, someone else will beat her to it, which can be pretty frustrating. Who does Ally wish she could interview? She says she'd love to sit down with IRS Commissioner Charles Rettig, and would also be excited to interview Mark Mazur again since he stepped into his role dealing with tax policy. What advice does Ally have for someone just starting out in reporting? In college, try to find a specialty in the journalism sphere. Outside of school, she says her best advice is to simply reach out to people in positions that you would love to be in yourself to make some network connections.

This week: How will the Gordon Sondland's suit against Pompeo go; could Pompeo be in criminal trouble, too; is Trump appointed IRS Commissioner Charles Rettig sweet-talking Democrats just to keep his job; how authoritarian did Barr's DoJ get to find the identity of a Twitter account that made fun of Devin Nunes; is the US in the market for a Greenland; who is Joe Elliott and how is he involved with Gaetz and Greenberg; what is Andrew's initial reaction to the Barr OLC memo decision; plus lottery payoffs for vaccinations; Romney supports a Jan 6 Commission; 3 new Biden appointees make it through; and more.   Want to support this podcast and get it ad-free and early? Go to: https://www.patreon.com/aisle45pod Check out the show's sponsors: Go to http://apostrophe.com/cleanup and use the code CLEANUP to get your dermatology visit and save fifteen dollars Go to http://magicspoon.com/cleanup to grab the new limited edition Birthday Cake, or a custom bundle of cereal to try it today! And be sure to use our promo code CLEANUP at checkout to save five dollars off your order.  Go to http://SteadyMD.com/CLEANUP to take the FREE quiz and see which doctor is a perfect fit for you. SteadyMD dot com slash CLEANUP.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to Majority.FM's AM QUICKIE! Brought to you by justcoffee.coop TODAY'S HEADLINES: A group of Democratic Senators led by Bernie Sanders have introduced a bill to raise taxes on companies who overpay their executives. Members of Congress also heard testimony yesterday from an Amazon worker fighting for higher wages and better conditions. Meanwhile, President Joe Biden spoke to the fears of many Asian-Americans after the deadly mass shooting in Atlanta. Despite hemming and hawing from police, a local press report suggests there is no doubt the killer was motivated by racist hatred. And lastly, the IRS is planning to push back this year’s tax filing deadline by a full month. But the agency’s huge backlog also means delays in getting stimulus payments out to the public. THESE ARE THE STORIES YOU NEED TO KNOW: Amazon faced fresh scrutiny for its treatment of workers at a Senate hearing yesterday on income inequality, the Washington Post reports. The focus came as senators introduced a new bill to tax chief executives who make fifty times more than the median workers. Senator Bernie Sanders of Vermont drilled into the gap between most Americans and billionaires during his opening remarks, pointing to data that billionaires have gained significant wealth during the pandemic. Sanders’s Tax Excessive CEO Pay Act would impose increased taxes on companies that have CEOs making significantly more than a median worker at the firm. It is also sponsored by Democratic Senators Elizabeth Warren and Edward Markey of Massachusetts, as well as Chris Van Hollen of Maryland. The bill includes stock options and awards as part of a CEO’s salaries, and if the CEO is not the highest-paid employee at the company, the equation would be based on who is. Sanders invited Amazon CEO Jeff Bezos to testify at the Budget Committee hearing, the Post reports, but he declined to appear. Jennifer Bates, an Amazon worker at the company’s warehouse in Bessemer, Alabama, testified about the unionization efforts there. Bates said the company had been holding meetings to discourage workers from joining the union, sometimes multiple times a week. Voting by mail is already underway in Alabama and will end March 29. President Joe Biden expressed support for the union late last month. Bates outlined why she believes workers need the union – to advocate for better working conditions and a higher living wage. Working at an Amazon warehouse is no easy thing, she said, adding QUOTE They seem to think you are another machine ENDQUOTE. Every worker deserves to be treated like a human. Biden Addresses Atlanta Killings President Biden yesterday addressed the spa shootings in Atlanta that left eight people dead, NBC News reports. He said he understands the concern among Asian Americans as investigators work to determine a motive. Biden said QUOTE Whatever the motivation here, I know Asian Americans, they are very concerned, because as you know I have been speaking about the brutality against Asian Americans, and it's troubling ENDQUOTE. Biden said that he had spoken on the phone yesterday with the attorney general and the FBI director and that a motive for the shootings was still being determined. A gunman shot and killed eight people at three massage spa parlors in the Atlanta area on Tuesday night, and six of the victims were women of Asian decent. Cherokee County sheriff's Captain Jay Baker said that after a brief manhunt, Robert Aaron Long, twenty one, was arrested and later confessed to the attack. According to NBC, Baker said in a news conference yesterday that Long claimed that the attack was not racially motivated. Baker said that Long told investigators that he had a sex addiction and that he saw the spas as QUOTE a temptation for him that he wanted to eliminate ENDQUOTE. But according to local Korean-language press translated by New York magazine writer E. Alex Jung, Long screamed during his attack that he would kill all the Asians. Last week we told you how anti-Asian hate crimes have spiked during the pandemic. According to a new study cited by CBS News, Asian Americans were subjected to nearly three thousand eight hundred hate incidents over the last year. Verbal harassment and shunning accounted for sixty eight percent of the incidents. Physical violence accounted for eleven percent. It’s gotta stop, and it would help if authorities didn’t dither about the perpetrators’ movitves. IRS May Delay Tax Deadline Good news for procrastinators: The Internal Revenue Service is expected to postpone the country’s tax-filing deadline to mid-May, the Washington Post reports. The agency is grappling with a backlog of twenty four million returns awaiting processing since the 2019 tax year. The workload has put the agency underwater – and under political siege – as lawmakers fret that long-unresolved troubles at the IRS could undercut the Biden administration’s economic recovery efforts. Millions of Americans still have not received some stimulus checks under prior coronavirus aid packages, even as the tax agency continued distributing payments yesterday. The IRS shared the full scope of its backlog with the House Ways and Means Committee and the agency’s own government watchdogs. The numbers, obtained by the Post, dwarf the data the IRS has shared with the public. The effects of the IRS backlog have been substantial: The delays have kept some Americans from receiving their tax refunds for months while preventing some cash-strapped workers and companies from taking advantage of some of the stimulus benefits that Congress authorized. The IRS communicated its plans to adjust the tax-filing deadline to House and Senate lawmakers yesterday. Ken Corbin, commissioner of the wage and investment division at the IRS, declined to discuss the potential changes to the tax-filing deadline during an interview with the Post yesterday. But he said the situation reflects the many, many challenges the country and agency have faced because of the virus and other more recent obstacles, including inclement weather. The delays threaten the IRS’s ability to deliver an array of new relief under the $1.9 trillion American Rescue Plan and could result in uncomfortable questions for IRS Commissioner Charles Rettig, who is set to testify before the House Ways and Means Committee today. I wonder if he’ll blame the weather, too. AND NOW FOR SOME QUICKER QUICKIES: FBI agents have arrested two organizers for the Proud Boys in Philadelphia and North Carolina, and prosecutors filed new charges against two other prominent members of the far- right group in Florida and Washington State as federal authorities continued their crackdown on its leadership ranks, the New York Times reports. Named in the indictment are Charles Donohoe, Zach Rehl, Ethan Nordean, and Joseph Biggs. They effed around and found out. Texas attorney general Ken Paxton said Griddy Energy will forgive the more than $29 million owed by customers in unpaid bills, NBC reports. As people struggled to survive the recent storm, Griddy debited enormous amounts from customer accounts, Paxton said. He had sued the company under the Texas Deceptive Trade Practices Act, and is still negotiating for relief to people who already paid their bills, which surged as high as $10,000 after the storm. The gall of these vultures! A United Nations report slammed multiple countries for flagrantly violating a global arms embargo by funneling weapons to warring sides in Libya, the Washington Post reports. A a UN-appointed panel of experts documented scores of shipments of illicit items, including drones and transport aircraft, as well as the deployment of mercenaries, to Libya’s two chief factions. Russia, Turkey, Egypt, the United Arab Emirates and others are implicated. What an awful, tragic mess. Donald Trump’s son Eric, who runs the family’s private company, touted the potential of transforming their Doral golf resort into a gambling destination, according to the Post. The business pivot comes amid a push among Florida Republicans to legalize casinos in areas of the state that have long opposed them. During Trump’s presidency, revenue at the heavily indebted club dropped steeply, falling forty four percent last year. A failing club: Sad. MAR 18, 2021 - AM QUICKIE HOSTS - Sam Seder & Lucie Steiner WRITER - Corey Pein PRODUCER - Dorsey Shaw EXECUTIVE PRODUCER - Brendan Finn

IRS Commissioner Charles Rettig (“Chuck”) was our keynote speaker at the New England IRS Representation Conference. Listen in on his interview with Frank Agostino of Agostino & Associates, as they discuss the state of the IRS, the implementation of the Cares Act, and where the IRS is heading.

In this episode I go over what IRS Commissioner Charles Rettig said to Congress yesterday regarding stimulus checks, Mnuchin's and Powell's testimony regarding the economic, the July 4 Congressional recess, Main Street Lending Program updates, Paycheck Protection Program Updates, unemployment updates, the proposed American Workforce Rescue Act, infrastructure updates, and COVID-19 updates.OUR LATEST FAMILY VIDEO: https://youtu.be/ufQbKGxLWuY2 FREE STOCKS: http://go.moneydoneright.com/Webull

The anniversary of Tax Justice Warriors beginning is July 10.  For episode 52, I thought it would be a good time to take a look back at the first year.  What happened with tax in the last year?  Events like the Tax Cuts and Jobs Act, Government Shutdown, Retirement announcement of National Taxpayer Advocate Nina Olson, the Supreme Court’s Wayfair decision, and new IRS Commissioner Charles Rettig.  Each time, I try to bring interviews, news and education regarding the Low Income Taxpayer Clinic field, tax controversy and what is of interest to the general public.  In the coming year, I hope to increase my interviews and do even more.

Providing a recap of IRS Commissioner Charles Rettig’s talking engagements on Thursday and Saturday at the 2019 American Bar Association Tax Section May Tax Meeting.  He is consistent on messages to give back within the tax field, to support people (both taxpayers and the IRS), and for enforcement on both the civil and criminal tax laws.  What else did he have to say?  Plus, some news about recent items for tax and the LITC world.

Next week is the ABA Tax Section 2019 May Meeting in Washington, D.C. (May 9-11).  I talk about some highlights and panels I might attend.  IRS Commissioner Charles Rettig will be speaking twice, basically at the beginning and end of the conference (Tax Bridge to Practice and the plenary luncheon).  I also detail the Collection Due Process panel I will be on with Carolyn Lee (Morgan, Lewis and Brockius of San Francisco) moderating and panelists Tax Court Judge David Gustafson, Keith Fogg of Harvard Law School, Mitch Hyman of IRS Chief Counsel, Professor Erin Stearns from the University of Denver LITC, and me (William Schmidt, Kansas Legal Services LITC).  We hope it is an innovative panel, bringing discussion of possible solutions to help taxpayers through the process.  It would be wonderful if the panel leads to further discussion that brings systemic change in CDP for the better. The next episode will be posted following the conference.

IRS Commissioner Charles Rettig visited Kansas City this week and I got to visit with him.  The Congressional Liaison Meeting took place in St. Louis with presentations from TIGTA, the Taxpayer Advocate Service, Collections, and more.  Plus, there was a presentation including the IRS concerning identity theft.  I attended these meetings and give updates regarding those departments.

"The White House said Thursday that Democratic efforts to obtain President Donald Trump’s tax records are “political games.” A House committee chairman formally asked the IRS Wednesday to provide six years of Trump’s personal tax returns and the returns for some of his businesses as Democrats try to shed light on his complex financial dealings and potential conflicts of interest. The request by Massachusetts Rep. Richard Neal, who heads the tax-writing House Ways and Means Committee, is the first such demand for a sitting president’s tax information in 45 years. The unprecedented move is likely to set off a huge legal battle between Democrats controlling the House and the Trump administration. Neal made the request Wednesday in a letter to IRS Commissioner Charles Rettig, asking for Trump’s personal and business returns for 2013 through 2018. He asked for the documents in seven days, setting an April 10 deadline." READ: www.breitbart.com/news/white-house-pushes-back-on-request-for-trump-tax-forms/

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, talks more about Tax Reform 2.0 [1:56], the confirmation of new IRS Commissioner Charles Rettig [5:09], as well as progress toward opportunity zones regulations [6:01]. Next, he talks about the national volume cap report for private-activity bonds. He closes with Ohio state opportunity zones news, income limit estimates, a HUD notice on regulatory relief and an update on a California energy bill [9:42].

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, talks more about Tax Reform 2.0 [1:56], the confirmation of new IRS Commissioner Charles Rettig [5:09], as well as progress toward opportunity zones regulations [6:01]. Next, he talks about the national volume cap report for private-activity bonds. He closes with Ohio state opportunity zones news, income limit estimates, a HUD notice on regulatory relief and an update on a California energy bill [9:42].

A focus on a historic year in taxes.  A discussion of the tax legislation starting in fall 2017 with the Tax Cuts and Jobs Act and going into July 2018.  The focus includes other tax events such as the Supreme Court sales tax case South Dakota v. Wayfair and the nomination hearing of proposed IRS Commissioner Charles Rettig.