Erin Slowey

Washington, D.C., United States

IRS Reporter at Bloomberg Tax

Covering the IRS for Bloomberg @Tax • @uofsc

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Articles

Palantir Federal Database Threatens Taxpayer Data, Democrats Say

1 week ago | news.bloombergtax.com | Erin Slowey |Caleb Harshberger

Democrats are demanding answers from data analysis and technology firm Palantir Technologies Inc. on what lawmakers say will be a governmentwide “mega-database” with taxpayer information for federal agencies. Senate Finance Committee ranking member Ron Wyden (D-Ore.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.), along with eight other lawmakers, sent a letter to Palantir Tuesday questioning its expansion of government contracts under the Trump administration.
Palantir Planned Database Risks Taxpayer Info, Democrats Say (1)

1 week ago | news.bloomberglaw.com | Erin Slowey |Caleb Harshberger

Democrats are demanding answers from data analysis and technology firm Palantir Technologies Inc. on what lawmakers say will be a governmentwide “mega-database” with taxpayer information for federal agencies. Senate Finance Committee ranking member Ron Wyden (D-Ore.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.), along with eight other lawmakers, sent a letter to Palantir Tuesday questioning its expansion of government contracts under the Trump administration.
Incoming IRS Chief Billy Long’s Five Big Challenges From Day One

2 weeks ago | news.bloombergtax.com | Erin Slowey

One of the least loved agencies in Washington—the IRS—is about to have a new face, after Republicans voted to confirm former Rep. Billy Long (R-Mo.) to lead it. Long will enter the IRS with a hefty to-do list, as the agency comes off one of its most turbulent periods in decades. Roughly a quarter of the workforce are expected to leave by year’s end, including many top leaders.
Former Rep. Billy Long Wins Senate Confirmation to Be IRS Chief

2 weeks ago | news.bloombergtax.com | Erin Slowey

The Senate confirmed former Rep. Billy Long (R-Mo.) to serve as IRS commissioner, becoming the sixth leader to hold the job this year. Long, President Donald Trump’s pick to lead the embroiled agency, won confirmation Thursday in a 53-44 party-line vote. He was cleared after facing questions from Democrats over his ties to a firm that promoted tax credits that the Treasury Department says don’t exist, and over donations from the credit’s advocates that helped him pay off campaign debts.
GOP senators consider option for SALT compromise

2 weeks ago | news.bloombergtax.com | Naomi Jagoda |Erin Slowey

Senate Republicans Weigh $30,000 SALT CapSenate Republicans seeking to put their mark on the House-passed tax-and-immigration package are considering raising the state and local tax deduction cap to $30,000, lower than the House’s $40,000 plan. Sen. Thom Tillis, a moderate North Carolina Republican involved in the discussions, said senators are discussing reducing the cap to at least that amount.
Treasury Warns Backlog of Telework Requests May Prove Costly

2 weeks ago | news.bloomberglaw.com | Ian Kullgren |Erin Slowey

5,800 IRS telework requests remain stuck in the queue Backlog is unintended consequence of Trump’s RTO ordersThe US Treasury Department faces potentially steep penalties over a backlog of remote work requests sparked by President Donald Trump’s return-to-office push, internal records show.
IRS Workers Who Process Tax Returns Expected to Leave in Droves

2 weeks ago | news.bloomberglaw.com | Erin Slowey

The IRS anticipates losing close to 2,000 of its workers who handle the processing of tax returns, foreshadowing even longer delays for refunds in the future.
IRS Workers Who Process Tax Returns Expected to Leave in Droves

2 weeks ago | news.bloomberglaw.com | Erin Slowey

The IRS anticipates losing close to 2,000 of its workers that handle the processing of tax returns—foreshadowing even longer delays for refunds in the future.
IRS Workers Who Process Tax Returns Expected to Leave in Droves

2 weeks ago | news.bloombergtax.com | Erin Slowey

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Buyer of Dubious Tribal Credits Sues, Citing $1.7 Million Loss

2 weeks ago | news.bloombergtax.com | Bernie Kohn |Erin Slowey |Perry Cooper

A Florida couple has filed what appears to be the first lawsuit by a buyer of so-called sovereign tribal tax credits, which the IRS and the Treasury Department have said don’t exist. Justin and Robin Daniels of Jupiter, Fla., filed suit in Palm Beach County Circuit Court against White River Energy Corp., the credits’ sponsor; as well as a wealth advisory firm that helped to market the credits and their own accounting firm.