June 19, 2018

House Ways and Means Committee

AICPA Mansplains Sound Tax Reform to Dudes Trying to Tax Reform

Rep. Paul Ryan (R-Wis.) just took over as chairman of the House Ways and Means Committee, and the AICPA couldn’t resist sending him a letter telling him how to do his job. In his letter, Troy Lewis, the chairman of the AICPA’s Tax Executive Committee, was sure to tell Ryan that “the AICPA supports comprehensive […]

Treasury Department Tells House Committee to Bug Off Until After Election Day

Today, Ways and Means Committee Chairman Dave Camp (R-MI) wrote to Department of Treasury Secretary Jack Lew regarding the Administration’s refusal to produce a key witness for interview prior to the election. The Committee is seeking to speak with Hannah Stott-Bumstead, who was the first Treasury official informed that the IRS had “lost” two years […]

Quote of The Day: The IRS Follows the Law, When They Can

Today, IRS Commissioner Koskinen painted a clear picture of how the IRS plans on “overseeing” billions of dollars in taxpayer subsidies. When asked by Health Subcommittee Chairman Brady if the IRS would be following the law and collecting taxpayer dollars that went to people who were not eligible, Koskinen simply said, “Wherever we can, we […]

The AICPA Has Strong Words on Cash Accounting for the Ways and Means Committee

We all know the AICPA looooves cash. C.R.E.A.M. amiright? The AICPA has voiced "strong opposition to draft legislation that would limit the use of the cash method of accounting for pass-through entities and personal service corporations," which is a fancy way to say they aren't feeling this proposal at all. Why? Well you have to […]

House Republicans Still Keeping Themselves Busy Trying to Ruin Lois Lerner’s Day

House Republicans are taking action on multiple fronts this week against former Internal Revenue Service official Lois Lerner, pursuing criminal charges against her for alleged violations that include contempt of Congress and leaks of confidential taxpayer information. Lerner’s attorney, William Taylor, said Wednesday that the referral is “just another attempt by Republicans to vilify Ms. […]

The House Ways and Means Committee Is Still Mad at the IRS

GEEZ you guys, let it go already: [T]he Ways & Means Committee went ahead today and approved H.R. 3865, the STOP Targeting of Political Beliefs by the IRS Act.  As its title suggests, this legislation will stop the IRS in its rush to implement these rules.  This allows Congress to continue its investigations, which have […]