Tax Policy Center

IRS

Individual Taxes: TaxVox

Whose Child Is It Anyway? The Ways & Means Definition Makes It Harder for The IRS To Know

To paraphrase Tolstoy , all simple families are alike; each complicated family is complicated in its own way. So when the tax code aims to...
September 27, 2021Janet Holtzblatt
Individual Taxes: TaxVox

Understanding the Heated Debate Over Cryptocurrencies and Tax Compliance

Even close followers of tax news may have been caught off guard when compliance for cryptocurrencies became the hot topic in the Senate’s debate over...
August 10, 2021John Buhl
Individual Taxes: TaxVox

Crypto Confusion Shows Why Congress Is Broken

In what has become common practice, a handful of senators and Administration staffers tried over a few days to draft a highly complex bit of...
August 10, 2021Howard Gleckman
Individual Taxes: TaxVox

How Can Congress Protect Families Who Receive Excessive Child Tax Credit Payments?

Families began receiving monthly Child Tax Credit (CTC) payments on July 15. For many, those regular payments—currently permitted through the end of the year—will combat...
August 10, 2021Elaine Maag
: TaxVox

How Should Congress Fund Investments in The Internal Revenue Service’s Infrastructure?

Congress is moving toward rectifying the decade-long funding crisis at the IRS . The House is on track to adopt President Biden’s proposed $1.6 billion...
July 7, 2021Janet Holtzblatt
: TaxVox

How Biden and Congress Could Improve Business Taxation

The Tax Cut and Jobs Act (TCJA) of 2017 created the most substantial changes in business taxation in decades. But in a new analysis, published...
June 28, 2021William G. Gale
Individual Taxes: TaxVox

IRS Set to Deliver Advance Monthly Payments: Needs Ability to Update Bank Information

Starting on July 15, the IRS will begin distributing a monthly Child Tax Credit payment to at least 39 million families, or almost 90 percent...
May 25, 2021Elaine Maag
Business Taxes: TaxVox

Biden’s Effort to Close the Tax Gap Is Well-Intentioned but Flawed

In his American Families Plan, President Biden unveiled a tax compliance initiative aimed at closing the gap between taxes that are owed and what are...
May 3, 2021Steven M. Rosenthal
: TaxVox

Will Biden’s Plan to Reduce the Tax Gap by Increasing the IRS’s Budget Raise $300 Billion?

I —among many others —have called for more money for the Internal Revenue Service to enable it to collect even more money owed to the...
May 3, 2021Janet Holtzblatt
Individual Taxes: TaxVox

Monthly or Quarterly Child Tax Credit Payments? Both Have Value

IRS Commissioner Charles Rettig told the Senate Finance Committee on April 13 that the agency could begin delivering monthly 2021 Child Tax Credit (CTC) payments...
April 28, 2021Elaine MaagWilliam J. Congdon