Tax Reform, Earned Income Credit

IRS Increased Audits Of High-Income Individuals During FY2024, But Future Of Initiative Under New Administration Is Doubtful

Fox Rothschild LLP on 7/21/2025

A recent report from the Treasury Inspector General for Tax Administration (TIGTA) found that the Internal Revenue Service increased audits of high-income taxpayers during fiscal year 2024, in line with a 2022 Treasury...more

Pennsylvania Perspective for Thursday, February 27, 2025

Cozen O'Connor on 3/3/2025

PA House Committee Considers EITC to Aid Working Families -Pennsylvania’s House Finance committee is exploring the introduction of an Earned Income Tax Credit (EITC) to support financially constrained working families, though...more

Weekly IRS Roundup April 8 – April 12, 2024

McDermott Will & Schulte on 4/16/2024

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 8, 2024 – April 12, 2024. April 8, 2024: The IRS released Internal Revenue Bulletin 2024-15,...more

Weekly IRS Roundup March 11 – March 15, 2024

McDermott Will & Schulte on 3/19/2024

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of March 11, 2024 – March 15, 2024. ...more

Weekly IRS Roundup February 13 – February 17, 2023

McDermott Will & Schulte on 2/22/2023

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of February 13, 2023 – February 17, 2023. ...more

Candidates Begin to Detail Tax Reform Plans

Akin Gump Strauss Hauer & Feld LLP on 10/21/2015

As the 2016 presidential election cycle rolls on, both Republican and Democratic candidates are beginning to release details of their tax reform plans. On the Republican side, Donald Trump released more details of his...more