IRS issues tax relief for Tennessee following December storms
The Internal Revenue Service (IRS) on Thursday announced it would be offering tax relief for residents in Tennessee who were affected by the severe storms in December, the latest relief to be offered in light of historic tornadoes and massive wildfires that broke out at the end of 2021.According to a release from the IRS, residents in Tennessee's Cheatham, Davidson, Dickson, Gibson, Henderson, Henry, Lake, Obion, Stewart, Sumner, Weakley and Wilson counties whose homes or businesses were affected by "severe storms, straight-line winds and tornadoes" will be eligible for tax relief.
House Democrats are urging the Internal Revenue Service (IRS) to begin eliminating its backlog of unaddressed returns starting with the lowest-income Americans, days after the Treasury Department warned that tax refunds and other services may be delayed this year because of "enormous challenges." © Greg Nash A logo of the Department of Veterans Affairs is seen outside their headquarters in Washington, D.C., on June 3
In a Thursday letter to IRS Commissioner Charles Rettig, Reps. Gerry Connolly (D-Va.) and Katie Porter (D-Calif.) said the lowest-income Americans are most in need of their refunds.
"We write with great urgency to request that you eliminate this backlog and do so by prioritizing those individuals with the lowest incomes-those individuals and families who, without their refunds, face eviction, food insecurity, or an inability to afford needed medications or treatments," the lawmakers wrote.
Democrats lost a 12-point edge among voters who received expanded child tax credit payments, GOP now holds slight lead: poll
Among all voters, 43% would back a Democrat if the election were held today, while 43% would vote Republican, per a new Morning Consult/Politico poll.There will be 34 US Senate elections this year, but control of the US Senate will hinge on just nine contests.
Treasury Department officials told reporters during a phone call on Monday that they foresee a "frustrating season" for both taxpayers and tax preparers because of the COVID-19 pandemic, budget cuts previously made at the IRS and federal stimulus actions, according to The Washington Post.
The agency is also entering filing season with a massive backlog of unaddressed returns. The IRS revealed on Wednesday that, as of December, it had backlogs of six million unprocessed individual returns.
The lawmakers on Thursday said that while they recognize there are various factors driving the backlog, it is important that taxpayers receive their returns.
"We understand that much of the backlog is caused by the time-consuming nature of many of these cases and the agency's resource constraints, but that does not negate the IRS's responsibilities," the lawmakers wrote.
Congress mulls independent immigration courts as backlog soars
House Democrats will hear testimony Thursday on the prospect of making the immigration court system — now housed within the Justice Department — independent. The hearing by the House Judiciary Committee’s immigration panel will feature current and former immigration judges, as well as representatives from major bar associations. It comes amid the release of a […] The post Congress mulls independent immigration courts as backlog soars appeared first on Roll Call.
"Taxpayers need their refunds, they need open and honest communication from their government, and they need compassion in these extraordinary times," they added.
Video: IRS tells thieves that stolen items must be reported on taxes (FOX News)
Connolly and Porter are specifically asking that the Rettig provide a member-level briefing before Jan. 31 on the agency's plans to "process the tax filings of vulnerable individuals, families, and small businesses."
The deadline for filing taxes this year is April 18, and the IRS will begin taking income tax returns on Jan. 24.
Rettig on Monday said planning the filing season process for the U.S. is "a massive undertaking," noting that teams at the agency "have been working non-stop these past several months to prepare."
"The pandemic continues to create challenges, but the IRS reminds people there are important steps they can take to help ensure their tax return and refund don't face processing delays," he added in a statement.
Manchin and Sinema are coy about reviving parts of the Build Back Better plan. Democrats hope they're not being strung along.
There are some fears the Democratic holdouts could whack what's left of Biden's economic agenda in a scene reminiscent of "Goodfellas."Like Pesci's character Tommy DeVito in the classic mob movie, their legislative agenda seems like it will be "made" into something close to untouchable. But at the last moment, two hitmen execute DeVito — who suddenly realizes he was strung along— and the stalled climate and social bill could face a similar fate at the hands of a pair of centrist holdouts.
Rettig said filing electronically with direct deposit is "more important than ever this year."
The IRS, when reached for comment Wednesday, referred The Hill to Rettig's statement regarding the Taxpayer Advocate Report, in which the commissioner said the pandemic has "been a challenging period on many levels for taxpayers, tax professionals and the IRS."
He said the agency is still "working through tax returns filed in 2021 and we have been unable to answer an unprecedented volume of telephone calls."
"Simply put, in many areas we are unable to deliver the level and quality of service every American deserves. This is frustrating for taxpayers, for tax professionals, for IRS employees and for me. IRS employees want to do more, and we will continue in 2022 to do everything possible with the limited resources available to us," he said.
"The pandemic brought on a new way of thinking about tax administration as well as the need to assume certain risks. And we will continue to look for ways to improve," he added.
Updated: 7:15 p.m.
The taxman cometh… for the internet .
A dramatic struggle is playing out over future taxation of — and on — the internet. Few subjects are more complex than tax rules, but internet tax policy multiplies the complexity because so much of it involves activities taking place in cyberspace without regard to borders. © Provided by The Hill Since ancient times, basic international tax principles have evolved, including that governments only tax people in their own territory at whatever rates each government decides.