The Latest Breaking News from IRS

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DETROIT — Federal prosecutors opened an investigation Thursday in an effort to force former Detroit Mayor Kwame Kilpatrick to pay restitution to taxpayers amid questions about whether he had started paying $1.7 million debt to the city and Internal Revenue Service.

James Comey and Andrew McCabe, who both headed the FBI and both clashed with then-President Donald Trump, found themselves miraculously selected for “random” deep-dive audits by the Internal Revenue Service in 2019 and 2021. The chance of both Comey and McCabe being randomly selected out of more than 150 million…

Washington (AFP) - The US tax authority said Thursday it had asked for an independent investigation into rare, intrusive audits of two ex-FBI heads who were prominent adversaries of former president Donald Trump.

WASHINGTON — The odds of matching six numbers in the Texas Powerball lottery are 1 in 25 million. That’s three times better than the odds that two former FBI directors deemed traitors by then-President Donald Trump, James Comey and Andrew McCabe, were picked at random for an unusually intensive IRS…

James Comey and Andrew McCabe, former FBI officials fired by Donald Trump, were targeted by intensive tax audits.

Forget long hold times—the IRS isn’t answering at all.

Comey and McCabe suspiciously both faced audits targeting just 1 in 30,000 people each year

Tax agency remains governed by Trump appointee

SACRAMENTO, Calif. — The Internal Revenue Service has sent letters to taxpayers throughout California telling them they owe money — and hefty penalties and interest — for their 2021 taxes even though they had already paid everything they were obligated to pay.

As offshore investors become more active in trading Chinese bonds, their demand for derivatives to manage the risks of fluctuating interest rates has grown