congress Archives - Blau Company Accounting & Tax Preparation

Tax Predictions for 2014

With Senate Finance Committee Chairman Max Baucus (D-MT) moving on to become US Ambassador to China, last year’s expectations for tax reform are out the window. The National Association of Enrolled Agents (NAEA), the association that represents the federally licensed tax practitioners who hold the highest credential awarded by the IRS, has released some prognostications for 2014. 1) The budget cuts Congress imposed on the IRS mean bad news for taxpayers. Levels of service at IRS, which weren’t that great anyway, will continue to deteriorate for taxpayers seeking answers and for tax professionals seeking assistance in representing clients in audits [...]

March 3rd, 2014|Our Office, Personal Tax|Comments Off

Senator Ron Wyden ascends to chair Senate Finance Committee

Senate Finance Chairman Max Baucus has been confirmed as the United States Ambassador to China and will be resigning his seat in the Senate, which he has held since 1978. Baucus is a key tax writing member of Congress, serving most recently as the chair of the Senate Finance Committee since January of 2007. Baucus also served a chair during periods of Democrat control in 2001 though 2003. Senator Ron Wyden (D-OR) assumed office in 1996 after 15 years in the House of Representatives. Wyden's initial priorities will be to extend 55 tax provisions which have had long history in [...]

February 13th, 2014|General Consulting, Our Office|Comments Off

An Enrolled Agents thoughts on the Shutdown

I can talk at length about the government shut down and the politics involved. But the fact is, I am an advocate for the taxpaying public, and that isn't about politics. Taxpayers deserve fair, consistent, and timely assistance regarding their tax responsibilities. They deserve well trained, service oriented and interested members of the Service to be available at reasonable times. This shutdown is a disservice to the taxpayers, especially as the October 15 deadline approaches. Yes, even individuals who file extensions are often due refunds - and they aren't going to receive them. It is a disservice to taxpayers who [...]

October 5th, 2013|General Consulting, Our Office|Comments Off

IRS Faces Shutdown due to Congressional Inaction

The IRS is facing a shutdown due to the Federal Governments inaction on a continuing resolution which would keep government agencies functioning. The National Association of Enrolled Agents, an organization representing approximately 52,000 tax professionals nationwide, released the following statement on their Facebook page today: "We had a rather lengthy piece in Friday's E@lert, which links to IRS' shutdown plans (I've attached them here for those of you who need the excruciating detail). At noon PST, it looks fairly likely that IRS will have to use the plan. Here's IRS' explanation on how it will operate: "This Plan is developed [...]

September 30th, 2013|Business Tax, Our Office, Personal Tax|Comments Off