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The Latest Breaking News from IRS

House panel releases transcripts from Hunter Biden investigation - Roll Call

The Ways and Means Committee voted to release testimony on the administration’s handling of an investigation into the president’s son.

Roll Call

IRS reduces tax return backlog by 80% and is doing better job answering the phone

The IRS has processed tens of millions of tax returns faster this year compared with years past, and getting through to customer service on the phone is slowly improving

The Independent UK

Ways and Means will meet to review private tax documents

WASHINGTON — Hours after court filings revealed Hunter Biden, the president’s son, agreed to plead guilty to tax evasion charges, the House Ways and Means Committee announced it would meet to discuss confidential tax information related to a “high-profile individual.”

Tribune News Service

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Ways and Means will meet to review private tax documents - Roll Call

The House Ways and Means Committee announced it would meet to discuss confidential tax information related to a "high-profile individual."

Roll Call

How to protect yourself from drop account fraud -- tips from our investigative unit

Behind the scenes of the investigation

The Conversation

Republican’s non-profit paid PR firm that also represents her for-profit work

Revelation of payments by Center for American Liberty blur lines between Harmeet Dhillon’s non-profit work and political career

The Guardian - US

Are Funeral Expenses Tax-Deductible? Everything You Need to Know

Funerals are expensive, so this is a common question from those left behind. Most people cannot deduct burial costs, but there are things you can do to manage them.

Kiplinger

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IRS Loses About $21 Billion Due to Debt Limit Deal: Kiplinger Tax Letter

Only time will tell the impact of a key budget concession involving the IRS.

Kiplinger

How the Debt Ceiling Negotiations Affect the Budget: Kiplinger Economic Forecasts

Here's why a compromise on the debt ceiling means more spending caps for future annual budgets.

Kiplinger

NCAA President Sides With IRS on ‘Ruling’ About NIL Collectives

NIL collectives were dealt a potentially massive blow by the IRS last week, and Charlie Baker warns stricter guidelines for the nonprofits could be on the way.

Sports Illustrated

Debt Ceiling Deal Passed. Find Out What It Means to You

Congress passed the Fiscal Responsibility Act, averting a government debt default. Here's how this may impact you.

The Street

The Covid con: How billions in coronavirus relief was stolen or wasted

Criminals and gangs grabbed the money. But so did a US soldier in Georgia, the pastors of a defunct church in Texas, a former state lawmaker in Missouri and a roofing contractor in Montana

The Independent UK

Granger sets fiscal 2024 funding targets below debt limit deal

With House GOP leaders under pressure from hard-right lawmakers, Republican appropriators in that chamber will write their fiscal 2024 spending bills to meet the tight budget caps that Freedom Caucus and other spending hawks have sought since January.

Tribune News Service

Granger sets fiscal 2024 funding targets below debt limit deal - Roll Call

House Republican appropriators will write their fiscal 2024 spending bills to meet the tight budget caps sought by the Freedom Caucus and other spending hawks.

Roll Call

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The Guardian - US

Non-profit pays $1.3m for legal services to law firm owned by Republican official

RNC committeewoman Harmeet Dhillon takes $120,000 salary from non-profit Center for American Liberty

The Independent UK

The Great Grift: How billions in COVID-19 relief aid was stolen or wasted

An Associated Press analysis found that fraudsters potentially stole more than $280 billion in COVID-19 relief funding; another $123 billion was wasted or misspent

Kiplinger

Are You Ready to ‘Rothify’ Your Retirement?

Legislation makes Roth accounts more enticing, and savers who mostly prefer to defer face tough decisions. How to choose?

Sports Illustrated

IRS Says Nonprofit NIL Collectives Giving Tax Deductions Could Be Illegal

The office of the IRS Chief Counsel released a memo Friday saying donations made to nonprofit NIL collectives “are not tax exempt”.

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Kiplinger

Pay Your Tax Debts if You Want to Keep Your Passport: Kiplinger Tax Letter

Are you applying for or renewing a passport? Be sure you’ve paid your federal taxes.

Fortune

The IRS is stuck in a political logjam–but whistleblowers can stop its decline

Even in a politically divided climate, if we are using tax dollars to find unpaid taxes, getting the best return on investment would be desirable.

Kiplinger

IRS Tax Balance Due Notices Confuse California Taxpayers

IRS ‘balance due’ mailings were sent to Californians who don’t have to pay their taxes yet.

Kiplinger

Estimated Tax Payments Are Due Next Week

Here’s what you need to know about paying estimated taxes and avoiding penalties.

Kiplinger

Hobby Income: What It Is and How It’s Taxed

Hobby income isn’t taxed like a business. Here's how to tell what type of income you have.

Investors Business Daily

Tesla Stock Hits 2023 High With $32,000 Starting Price For Model 3

It remains unclear how Tesla brought its Model 3 into alignment with IRA tax credit criteria.

Salon

Election deniers scammed donors: group

"Unscrupulous" True the Vote leaders linked to "2000 Mules" film may have violated state and federal laws

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