Charles Rettig, the commissioner of the Internal Revenue Service (IRS), said the agency needs a funding boost to bolster modernization efforts and keep up with growing responsibilities. Rettig said the agency has
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Ankura has appointed Kenneth “Ken” Serwin, Ph.D, as senior managing director, where he will be based in San Francisco, Calif. As part of Ankura’s executive leadership team, Serwin will strengthen the company’s
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President-elect Donald Trump has added IBM CEO Ginni Rometty as one of 16 business leaders who compose the Strategic and Policy Forum for President-elect Donald Trump, the Wall Street Journal reported Monday. Rachael
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The Internal Revenue Service has revealed the winners of the agency’s “Tax Design Challenge” crowdsourcing competition that sought designs for a future online tax information system. The tax collection agency said Friday the three-week challenge received 48
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The Congressional Budget Office has published an infographic report that indicates the $439 billion U.S. budget shortfall the agency recorded for fiscal 2015 was the government’s smallest deficit since fiscal 2007. CBO said Wednesday federal debt held
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The Treasury Department disclosed the U.S. budget deficit for the past 12 months amounted to $412 billion, the smallest one-year shortfall recorded since August 2008, the Wall Street Journal reported Wednesday. Nick
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Steven Miller, acting Internal Revenue Service commissioner since November 2012, resigned Wednesday after a watchdog report outlined how the agency targeted some political advocacy groups seeking tax exempt status, the Washington Post
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The Senate should act first on replacing the more than $85 billion in automatic cuts set to kick in March 1 with a different legislation package, House Speaker John Boehner (R-Ohio) said
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The Internal Revenue Service collects on average $1.80 in uncollected taxes for every dollar spent when performing audits in-person, the Government Accountability Office has found. According to Fierce Government, correspondence audits conducted
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Under current law as it stands, the Congressional Budget Office is estimating the tax deal passed by Congress to avert the fiscal cliff will add $3.9 trillion to the deficit over the
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