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> Information provided on this site is for general guidance only and is often simplified. Actual IRS procedures are complex, and taxpayers should obtain professional assistance or use IRS sources for complete information.

 

US Bill Would Delay China's Market Economy Status,
by mike Godfrey, Tax-News.com, Washington
Last updated 38 hours ago | Friday, June 24, 2016
US Senators Al Franken and Ben Sasse have introduced an amendment to the proposed 2016 budget appropriation bill for the US Department of Commerce that would protect Congress's role in any future classification of China's economy as a market economy. [ FULL STORY ]
IMF Presses For US Tax Reforms,
by Mike Godfrey, Tax-News.com, Washington
Last updated 38 hours ago | Friday, June 24, 2016
The International Monetary Fund has called for comprehensive US tax reform that would reduce statutory income tax rates, make individual tax more progressive, and re-balance the tax code from direct to indirect taxes. [ FULL STORY ]
IRS Takes Taxpayer Protection Actions,
by Mike Godfrey, Tax-News.com, Washington
Last updated 38 hours ago | Friday, June 24, 2016
Taking precautionary steps to protect taxpayers, the US Internal Revenue Service has announced that the e-filing personal identification number tool is no longer available on the agency's website, and that it is putting in place new requirements for participants using the Income Verification Express Service. [ FULL STORY ]

 
 



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