Tagged: senate finance committee

Photo overlook of the hearing room for the Senate Finance Committee just before proceedings began.

Senate Finance Committee to Consider Bill Authorizing IRS to Regulate Tax Preparers

The Senate Finance Committee will hold a session Wednesday to markup an original bill intended to combat identity theft and tax return fraud. The bill comes in light of the recent events where identify theft had been successfully committed using taxpayer records available via an online service of the Internal Revenue Service. The session will be held Wednesday, September 16th...

Photo overlook of the hearing room for the Senate Finance Committee just before proceedings began.

Bill Authorizing IRS to Regulate Tax Preparers is introduced in Senate Finance Committee

Senator Ron Wyden (D-OR), Ranking Member and former Chair of the Senate Finance Committee recently introduced a bill, S. 137, dubbed the “Taxpayer Protection and Preparer Proficiency Act of 2015”, which would authorize the Internal Revenue Service to regulate tax preparers in apparent override of the Loving v. IRS case that shut down the RTRP initiative of the Internal Revenue...

Picture of Capitol Building in Washington, D.C.

The Fate of the EXPIRE Act of 2014 After the Mid-Term Elections

The dust from the craze of the 2014 mid-term elections resulting in the Republican party gaining majority control of the Senate seems to be finally settling. With that, our interest turns to how the results of the election will impact the direction Congress will take with the tax provisions still under question. Such issues grow evermore urgent as we get...