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IRS Officials Reassigned Amid Lawsuit; Tax Refunds and Business Updates
A recent lawsuit indicates that IRS officials who refuse to share taxpayer information with the Trump administration are being reassigned. While the possibility of a government shutdown seems to be diminishing as of Friday, the IRS would still function during tax season, albeit at a reduced capacity, should a shutdown occur. The Trump administration has been quickly distancing itself from the green energy tax incentives that were introduced by the Biden administration. The median unclaimed tax refund from 2021 stands at $781, but it must be claimed by April 15. Smith + Howard has launched a new business office services practice, G. T. Reilly & Co.
has promoted two directors, and more updates from the profession are available.
Brief news summary
A recent lawsuit indicates that IRS officials who refuse to provide taxpayer information to the Trump administration may be reassigned. Although the risk of a government shutdown seems to be diminishing, the IRS is expected to continue operating during tax season, albeit at a reduced capacity, if a shutdown occurs. Meanwhile, the Trump administration is retreating from various green energy tax incentives introduced under the Biden administration. Taxpayers should be aware that the median unclaimed tax refund from 2021 is $781, which must be claimed by April 15. In other news, Smith + Howard has launched a new business office services practice, and G.T. Reilly & Co. has promoted two directors, highlighting ongoing developments within the profession.
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