Articles for tag
irs
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House committee finally gets Trump’s tax returns after years-long fight
The chamber's Ways and Means Committee received documents for the years 2013 to 2018 from the IRS on Wednesday with just over a month to go in the lame-duck session. -
Team Biden is using the IRS to attack the gig economy
A recent tweet says it all. “Sam Bankman-Fried: I don’t know where $10 billion went. The Pentagon: We don’t know where $2.2 trillion went. The IRS: You just sent $601.37 don’t forget to report it.” -
New IRS rule on Venmo, cash apps could penalize millions
Americans who made money online this year could be in for a potentially brutal shock when they file their taxes in 2023. -
Billionaire hedge fund boss Ken Griffin sues IRS for leak of his tax returns
Billionaire hedge fund manager Ken Griffin has filed a lawsuit against the Internal Revenue Service alleging that someone at the agency illegally leaked his tax returns to the news site ProPublica last year. -
House committee votes to release Trump’s tax returns
The 76-year-old former president’s tax returns from 2013 to 2018 were obtained by the committee from the IRS last month after a years-long legal battle. -
More than 2K millionaires fled New York during COVID pandemic: IRS data
New York's decline was reported at a time when the number of millionaires grew nationally by some 10% -- from 554,340 to 608,540. -
Former IRS official disagrees with Trump tax returns release
Six years of former President Donald Trump's federal tax returns, long shrouded in secrecy, were released to the public by the House Ways and Means Committee. Former IRS commissioner Mark Everson talks to CNN about the release. -
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House passes bill nixing $72 billion in funding for 87,000 new IRS agents
In one of the new Republican House majority’s first legislative moves on Monday, the body passed a bill rescinding $72 billion in spending on 87,000 new IRS agents. -
Twitter users declare IRS Mega Millions ‘winner’ after calculating its share of the jackpot
Some Twitter users calculated what the value of the Mega Millions jackpot would be after tax — and the results are disappointing. -
Audits target average folks, not rich, how Speaker McCarthy can rule and other commentary
“What was the response of the Democrats when the first order of business for the Republican majority in Congress was cutting the funding for 87,000 new IRS agents?” asks David Strom at HotAir. “Accuse them of shilling for the rich.” -
Lisa Marie Presley’s finances revealed: $92K in monthly spending, $1M in IRS debt
Elvis' daughter was forced to disclose the precarious state of her finances last November amid a bitter custody battle with ex-husband, Michael Lockwood. -
Yellen’s empty audit promise, CDC’s dirty COVID tricks and other commentary
The IRS supersizing rammed through in the Inflation Reduction Act will indeed mean more audits of lower-income Americans, warns Michael McKenna. -
US Treasury’s Yellen says IRS needs to be ‘completely redone’
Republicans sought unsuccessfully to slash tens of billions in IRS funding from the law. -
IRS visited Twitter Files journalist Matt Taibbi’s home same day as congressional testimony
The journalist told Jordan’s committee about the IRS agent’s visit that occurred the same day he spoke to House members before the Select Subcommittee on the Weaponization of the Federal Government to testify on what he learned from the Twitter... -
Is Biden, like past presidents, unleashing the IRS on his enemies?
Journalist Matt Taibbi testified March 9 before a congressional committee on the vast federally funded “censorship-industrial complex” the Twitter Files exposed. -
Why your IRS tax refund may be smaller this year
The average refund check handed out to the 72 million Americans who filed their 2022 income tax returns as of March 17 was down 11%. -
Biden White House silent on IRS visiting ‘Twitter Files’ reporter Matt Taibbi
The reporter says the IRS visited his home on the same day as he testified to Congress about the "weaponization" of government. -
Starting tomorrow, only six EVs will still qualify for a $7,500 federal tax credit
The IRS released a list of electric vehicles that still qualify for the full $7,500 federal tax credit after strict new guidelines, announced back in March, officially go into effect on April 18th. The list is very short, as just six EVs now qualify...