treasury Archives - Bailey Scarano

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Path to Clean Energy Economy Outlined by Treasury

Bailey Scarano Blog, Tax & Money Tips / By Bonnie Buol Ruszczyk

Curious how the Inflation Reduction Act’s tax incentives will support the building of an equitable clean energy economy? In a recently-issued fact sheet, the Treasury Department highlighted four key areas where the tax policy will drive clean energy: Providing targeted incentives to drive investment and create opportunity in communities across the country Encouraging clean energy project […]

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Treasury Encourages More IRS Investment

The Treasury Department recently released a statement discussing investment in the IRS and improving tax compliance. While roughly 99 percent of the taxes due on wages are remitted to the IRS, compliance on other forms of income is substantially less, because the IRS has had difficulty verifying whether income from unverified sources is properly reported.