For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
Dec. 10 — The year-end spending package for 2015 nearing completion in Congress would cut funding for the IRS to the lowest level since before 2008, while putting the agency under closer watch for how it handles everything from telephone service to refundable tax credits.
The omnibus spending bill released Dec. 9 by the House Appropriations Committee, but negotiated with Senate appropriators as well, is to be considered in both the House and Senate before the end of the week as lawmakers aim to wrap up the year's business.
The Internal Revenue Service would receive $10.9 billion, or $345.6 million less than in fiscal year 2014 and $1.5 billion less than President Barack Obama requested for 2015.
Notify me when updates are available (No standing order will be created).
Put me on standing order
Notify me when new releases are available (no standing order will be created)