The Internal Revenue Service may need to be restructured after the agency was found improperly targeting conservative groups seeking nonprofit status, say Rep. David Camp (R) and Sen. Max Baucus (D), chairmen of congressional tax-writing committees.
Forcing foundations to pay excise taxes punishes organizations that see spikes in donations — making it difficult for foundations to pay out more money when society's needs are most pressing. Steuerle proposes reforming taxes to allow foundations to optimize their work.
The chairmen of congressional tax writing committees say the Internal Revenue Service may need to be restructured after the agency was found improperly targeting conservative groups seeking non-profit status.
If Congress is going to reform the tax code, it will take an enormous amount of hard work and a lot of luck. But right now, tax reform just can't catch a break.
First-time entrepreneurs who are getting ready to launch a new business face many steps, including creating a corporation. Dr. Cornwall, speaking with an attorney, breaks down how you should go about doing it.
Rep. Tom Price, a major conservative voice in the House, sees 'a greater opportunity' for tax reform in the wake of IRS controversies. He made the comments at a Monitor breakfast Wednesday.