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Senate Finance Committee

Business
Where's My Refund? IRS Facing Staff Shortages Amid Backup In Processing Tax Returns Where's My Refund? IRS Facing Staff Shortages Amid Backup In Processing Tax Returns
Where's My Refund? IRS Facing Staff Shortages Amid Backup In Processing Tax Returns With the 2022 tax season coming to its conclusion, the IRS is cautioning that some Americans could see delays in receiving their refunds as the agency deals with a staffing shortage and backlog of unprocessed returns. IRS Commission Chuck Rettig acknowledged that his organization is contending with issues and the continued fallout of the COVID-19 pandemic, which is expected to lead to some receiving their returns later than expected. Original story - Here's How Long It Should Take To Get A Tax Refund After Filing, IRS Says “The IRS is serving more people and entities in a global environmen…

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by Zak Failla
Politics
Cuomo Signs Bill Allowing US Congress To Access Trump's NY Tax Returns Cuomo Signs Bill Allowing US Congress To Access Trump's NY Tax Returns
Cuomo Signs Bill Allowing US Congress To Access Trump's NY Tax Returns Legislation that would give the United States Congress access to President Donald Trump's New York state tax returns was signed into law by Gov. Andrew Cuomo on Monday, July 8. "This bill gives Congress the ability to fulfill its Constitutional responsibilities, strengthen our democratic system and ensure that no one is above the law," Cuomo said. "Tax secrecy is paramount — the exception being for bona fide investigative and law enforcement purposes." The bill requires New York officials to release tax returns of public officials that have been requested by congressional tax-related commit…

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by Jon Craig
Politics
NY Lawmakers Vote To Release Trump's State Tax Returns To Congress NY Lawmakers Vote To Release Trump's State Tax Returns To Congress
NY Lawmakers Vote To Release Trump's State Tax Returns To Congress New York State lawmakers are one step closer to gaining access to President Donald Trump’s state tax returns. The New York State Assembly passed legislation on Wednesday, May 22 which would amend the law to allow the state Department of Taxation and Finance to release the tax returns of elected officials. The bill is expected to be signed into law by Gov. Andrew Cuomo later this month if it also passes in the Senate. It was approved by an 85-49 vote in the Assembly. The legislation only applies to state returns, not federal returns, which have also been at the center of the battle between …

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by Zak Failla