The government is now putting its efforts toward those who are unable to defend themselves.
According to a report by the Gateway Pundit, an examination of the Internal Revenue Service's records indicates that the majority of those investigated by the agency were low income individuals, while the wealthy were rarely subject to scrutiny.
At the beginning of the year, Speaker McCarthy declared "promises made" as he banged the gavel, signifying the approval of the first bill by the Republican-led House that would take away funding for 87,000 Internal Revenue Service representatives.
On Monday, the Internal Revenue Service (IRS) revealed fresh regulations for a voluntary tip-recording system that would involve both the government and businesses in the service sectors, including entertainment, hospitality, housekeeping, and more. This guidance contains a notice of proposed revenue procedure establishing the Service Industry Tip Compliance Agreement (SITCA) program.
This proposal has been developed to supersede the Tip Rate Determination Agreement, the Tip Reporting Alternative Commitment, and the Employer-generated TRAC.
The Internal Revenue Service has provided a deadline of May 7, 2023, for the public to express their opinions on the proposed program. Here are the two options for submitting comments:
Mail: Send paper submissions to CC:PA:LPD:PR (Notice 2023-13), Room 5203, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, D.C. 20044.
Electronically: Submit electronic submissions via the Federal eRulemaking Portal at www.regulations.gov (indicate IRS and Notice 2023-13) by following the online instructions for submitting comments. Once submitted to the Federal Rulemaking Portal, comments cannot be edited or withdrawn. Commenters are strongly encouraged to submit public comments electronically. The Treasury Department and the IRS will publish for public availability any comment submitted electronically, and to the extent practicable on paper, to its public docket.
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