Proposed IRS Budget Cuts Could Jeopardize US Tax System
By Ama Sarfo (July 23, 2014, 7:45 PM EDT) -- Republican lawmakers irate over allegations the Internal Revenue Service illegally scrutinized conservative groups' tax-exempt applications recently pushed legislation through the House of Representatives to lop nearly $1.5 billion from the agency's budget, drawing criticism from attorneys who say the move spites Congress as well as the IRS.
GOP lawmakers say the steep budget cuts should be a wake-up call for an agency that has allegedly shown contempt toward taxpayers, but tax attorneys say the budget cuts, if enacted, will have a severe blowback on Congress as they will inhibit the IRS' ability to implement current and future tax legislation and will...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!