Taxpayer Advocate Unveils Annual Report

January 11, 2011

On Jan. 5, National Taxpayer Advocate Nina E. Olson released her annual report to Congress, identifying the need for tax reform as the number one priority in tax administration. Olson expressed continuing concern that the Internal Revenue Service’s (IRS) increasing use of hard-core enforcement actions, particularly tax liens, is inflicting unnecessary...

READ MORE

Gene Sperling Named Chief Economic Advisor

January 7, 2011

President Barack Obama today announced his appointment of Gene Sperling as director of the National Economic Council. During his tenure as the top aid to Treasury Secretary Timothy Geithner, Sperling was instrumental in the passage of various pieces of pro-small-business legislation including initiatives to enhance small-business lending, and the recently-enacted...

READ MORE

In 2011, Tax Benefits Will Slightly Increase

January 4, 2011

The Internal Revenue Service (IRS) recently announced that in 2011, personal exemptions and standard deductions will rise and tax brackets will widen due to inflation. These inflation adjustments relate to eight tax provisions that were either modified or extended by the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of...

READ MORE