WASHINGTON, July 1 -- The House Ways & Means Committee Chairman issued the following news release:
WASHINGTON, D.C. - Americans that are held hostage or wrongfully detained abroad will no longer return home to massive tax bills, taxpayers will be better protected from fraud and have a more empowered advocate in their corner, and the IRS will be forced to modernize its workforce and technology - including adopting artificial intelligence (AI) - to improve its service to the American people under legislation approved by the Ways and Means Committee.
As part of its oversight of America's nonprofit sector, the Committee also approved legislation requiring hospitals that enjoy generous financial benefits due to their tax-exempt status to be mo...