The Latest Breaking News from IRS

Biden and Democrats celebrate "inflation reduction" law as CPI report tanks markets. Meanwhile, GOP proposes national abortion limits.

The court also slapped a fine of Rs 1.50 lakh on the officer.

CHICAGO — Even before Barack Obama left the White House, plans to build his presidential center in Jackson Park were met with resistance as nearby residents feared the center’s very existence would drive up costs in an area the former president says he wants to uplift.

MIAMI — In the run-up to the 2018 election, Broken Promises — a mysterious nonprofit group registered to a UPS box in the nation’s capital — gave $25,000 to a political committee called Consumers for Energy Fairness. It was the first donation the committee received that year.

The Internal Revenue Service posted to its website confidential information for 120,000 taxpayers with retirement accounts invested in assets like master limited partnerships and real-estate investment trusts. Those taxpayers, as well as tax-exempt nonprofits, must file 990-T forms. Only the information for the nonprofits was supposed to be posted. IRS…

Our tax pro explains the Backdoor Roth IRA, how it compares to a traditional IRA, and whether you should consider this tax strategy

The data — which included individual names and business contact information — was public on the IRS.gov website for about a year until an employee noticed the mistake recently.

My dad was an armed IRS agent, gun-toting for good reason. He helped bust mob figures across northern Ohio for tax evasion, from Toledo to Youngstown. He died too young (of natural causes), and his public service is among my best memories.

WASHINGTON — The Internal Revenue Service mistakenly published confidential data for 120,000 taxpayers on its website before realizing the error and taking down the data, the Treasury Department said.