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The IRS Ends its Appeals Arbitration Program

The IRS is streamlining its operations, specifically the Appeals Arbitration Program. The program existed under Section 7123(b) and was created to allow taxpayers and the Service to binding arbitration in a joint manner. This was done to solve and handle…

Earned Income Tax Credit Filings Spike

The Earned Income Tax Credit (EITC) is a benefit that low-income workers can receive when their income falls below a certain threshold. These filings hit a record high in 2013 and returned a record amount of $68 billion to filers….

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