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Erin Slowey on Muck Rack

Erin Slowey

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Washington, D.C.
As seen in: Bloomberg Tax, Bloomberg News, Fortune, House.gov, MarketWatch, Austin Business Journal, Flipboard, Houston Business Journal, San Antonio Business Journal, Miami Herald, Realtor.com and
Covering the IRS for Bloomberg @Tax • @uofsc

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Articles

IRS Warns Against Dubious Tribal Tax Credit Scheme, Promoters Original

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By Erin Slowey Verified
| Daily Tax Report Verified
The IRS is warning against a so-called sovereign tribal tax credit, a dubious shelter that has proliferated over the past few years targeting wealthy investors. “These federal tax credits do not exist, and taxpayers who claim them may face civil and criminal penalties,” the IRS said in a release Friday. White River, a publicly traded company, and other third-party promoters have been selling the credits as tax shelters for wealthy investors, Bloomberg Tax first reported in December 2024.
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Watchdog: IRS Risks Taxpayer Data Without Cybersecurity Changes

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By Erin Slowey Verified
| Daily Tax Report Verified
The IRS needs to take steps to improve its cybersecurity program so it doesn’t put taxpayer data at risk, the agency’s watchdog said Friday. The Treasury Inspector General for Tax Administration found in a report that the IRS’s cybersecurity program wasn’t effective because some of its functions weren’t at advanced levels. The report said 86% of the sampled information systems had critical vulnerabilities not remediated within 30 days, as required.
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Crypto Tax Bill Gets Bipartisan Nod from Tax Writers: BGOV Tax

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By Chris Cioffi Verified, Erin Slowey Verified
| Daily Tax Report Verified
The Democrat leading talks with the GOP majority to craft cryptocurrency tax policy said the digital assets bill advanced by the House Ways and Means Committee Wednesday won’t be its last swing at the issue. The committee voted 38-5 to send the crypto tax bill to the full House, though it won’t be getting a floor vote until after the midterms. The chamber likely won’t be back before November’s election. Rep.
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