Archives week 19 of 2023

Learn how the recent funding increase for the IRS is providing policymakers with a more precise picture of the X-Date, the point when the US Treasury will run out of money if the government cannot take on more debt. Experts explain how the latest IRS data is invaluable for understanding the nation's financial position during the debt ceiling debate, and warn that the debt ceiling brinkmanship is a national security issue.

Learn about the potential threat of AI-generated tax scams and the concerns raised in a letter to the Internal Revenue Service (IRS) from a group of concerned individuals. Discover what measures the IRS is taking to counter these scams and how they plan to educate taxpayers and tax professionals.