In July, the new House Ways and Means Committee chair of the 20th Congress, Representative Miro Quimbo of the second district of Marikina, filed House Bill (HB) 1316, a bill “strengthening the ...
The AICPA has sent a list of 61 proposals for changes to the Internal Revenue Code to Congress, starting with a proposal that the definitions of terms be standardized so that words have the same ...
Today’s topic is a short history of the Internal Revenue Service. The original Constitution prohibited the direct taxation of its citizens. Article 1, Section 9 is excerpted here: “No Capitation, or ...
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