Herb Jackson

2 months ago | news.bloombergtax.com | Chris Cioffi |Herb Jackson

Ways and Means Steps Up Work on 2017 LawHouse Ways and Means Committee Republicans are kicking their tax bill planning into a higher gear this week, after the GOP squeaked through a high-level budget framework last week. Members on the House panel told reporters last week that they expect weekly meetings in the coming weeks to discuss what may be in the committee’s tax-focused portion of the budget instructions.

Feb 12, 2025 | news.bloombergtax.com | Naomi Jagoda |Herb Jackson

Ex-IRS Watchdog Raises Taxpayer Privacy ConcernsFormer National Taxpayer Advocate Nina Olson is warning of taxpayer data privacy violations amid Elon Musk’s Treasury Department team gaining access to the department payment systems. Basic information like a taxpayer’s name, Social Security number, refund amounts, and total debts can be viewed in this system, Olson said at a House Ways and Means oversight subcommittee hearing Tuesday. She currently is director of the Center for Taxpayer Rights.

Jan 31, 2025 | news.bloombergtax.com | Kim Dixon |Herb Jackson

House Oversight Demands More on IRS Taxpayer LeaksThe GOP-led House Judiciary Committee is demanding the IRS provide more information about the leak of taxpayer information belonging to President Donald Trump and other billionaires. Former IRS contractor Charles Littlejohn admitted to stealing return information and providing it to news outlets. He pleaded guilty in 2023 to one count of unauthorized disclosure of taxpayer information and was sentenced in January 2024 to five years in prison.

Jan 15, 2025 | news.bloomberglaw.com | Chris Cioffi |Herb Jackson

GOP Promises IRS OversightRepublicans on the tax-writing House Ways and Means Committee plan to collaborate with the new administration—and President-elect Donald Trump’s designated budget slashers Elon Musk and Vivek Ramaswamy—to hold the IRS and other federal agencies “accountable” and make them more “efficient,” Chairman Jason Smith (R-Mo.) said at his panel’s first hearing of the two-year Congress.

Jan 15, 2025 | news.bloombergtax.com | Chris Cioffi |Herb Jackson

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