A federal court has upheld the IRS’s right to use automated tools to review Employee Retention Credit (ERC) claims, rejecting a challenge brought by two tax preparation firms.
In ERC Today LLC v. McInelly, the U.S. District...more
5/22/2025
/ Administrative Procedure Act ,
Algorithms ,
Automated Decision Systems (ADS) ,
Automated Systems ,
Employee Retention ,
Enforcement Actions ,
Government Agencies ,
IRS ,
Legal Technology ,
Software ,
Tax Credits ,
Tax Liability
The Internal Revenue Service (IRS) is expected to lay off approximately 7% of its workforce in the coming weeks, with the possibility of further reductions. It remains unclear which divisions will be most affected or whether...more
President Trump is meeting with Republican lawmakers to discuss potential tax code changes, including a proposal to eliminate the carried interest tax break. White House Press Secretary Karoline Leavitt announced the...more
2/14/2025
/ Capital Gains ,
Carried Interest ,
Corporate Taxes ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Private Equity ,
Tax Liability ,
Tax Planning ,
Tax Reform ,
Trump Administration ,
U.S. Treasury