Taxes

IRS Modernization Bill Approved by Senate Panel

IRS July 31, 2026 

IRS Modernization Bill Approved by Senate Panel

“This bipartisan bill modernizes and streamlines IRS operations, strengthens taxpayer rights, and delivers a more taxpayer-first system,” Senate Finance Chairman Michael Crapo, R-Idaho, said.

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July 26, 2014 

Congress Votes to Increase Child Tax Credit

More families with higher incomes could claim the popular child tax credit under a bill that won approval Friday in the House. But in a dispute that divides Republicans and Democrats, millions of the poorest low-income families would still lose the credit in 2018, when enhancements championed by President Barack Obama are set to expire.

 To Fight ID Theft, IRS Expands Use of Truncated TINs

July 16, 2014 

To Fight ID Theft, IRS Expands Use of Truncated TINs

As part of its ongoing efforts to deter identity theft, the Internal Revenue Service has issued final regulations on use of truncated Taxpayer Identification Numbers (TINs). The new regulations, which apply to those who furnish and receive payee statements and tax-related documents, generally follow proposed regulations issued last year, albeit with some modifications.

Ken Berry, JD