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The Latest Breaking News from the Internal Revenue Service

Abolish the Federal Alcohol Tax and Regulation System

The states already overregulate alcohol. There's no need for a federal layer of red tape.

Reason

FEMA's Targeting of Trump Supporters Makes the Case for Less Government

Government agencies and officials can’t be trusted, so we should give them less to do.

Reason

Why the ultra wealthy are renouncing their U.S. citizenship

The ultrawealthy are joining “accidental Americans” in renouncing their passports.

Fortune

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How the US government can stop ‘churches’ from getting treated like real churches by the IRS

The Family Research Council is a conservative advocacy group with a “biblical worldview.” While it has a church ministries department that works with churches from several evangelical Christian denominations that share its perspectives, it does not represent a single denomination. Although its activities are primarily focused on policy, advocacy, government…

The Conversation

Coca-Cola to pay $6 billion in IRS back taxes case while appealing judge's decision

Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years

The Independent UK

IRS Collects Over $1 Billion From Millionaires In Back Taxes In Less Than One Year

The IRS achieved a milestone in collecting more than $1 billion from wealthy American taxpayers in less than a year since passing legislation to add more agents.

International Business Times

IRS Finds Majority Of Employee Retention Credit Claims Improper

IRS review finds majority of Employee Retention Credit claims at risk of being improper due to fraud, with billions expected to be denied.

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IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper

The Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper

The Independent UK

More than half a billion dollars of taxpayer money has paid for other people's EVs

Thanks to new rules, the IRS has paid an eye-watering amount to help other people buy EVs.

The Street

The U.S. Paid $580 Million In Point-Of-Sale EV Tax Credits So Far This Year

The U.S. government's support scheme seems to be pretty popular, with the IRS receiving about 100,000 time-of-sale EV reports so far.

InsideEVs

Promise-Breaking IRS

Plus: Ethan Mollick on AI, Nancy Pelosi's kente cloth, hurricanes may destroy us all, and more...

Reason

How to Determine If You Qualify for IRS Tax Relief Programs

The burden of tax debt can be overwhelming, casting a long shadow over your financial well-being.

inkl

Former IRS contractor sentenced to prison for tax records leaks - Roll Call

A federal judge sentenced a man to five years in prison Monday for the leak of tax documents of Donald Trump and others.

Roll Call

Republicans’ Israel bill would strip money from IRS ability to crack down on tax cheats

The proposed bill will also strip money from the IRS’s plan to create a free electronic filing system

The Independent UK

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The Independent UK

Ex-IRS contractor pleads guilty in leak of tax return information of Trump, wealthy people

A former contractor for the Internal Revenue Service charged with leaking tax information to news outlets about former President Donald Trump and thousands of the country’s wealthiest people pleaded guilty Thursday in an agreement with prosecutors

The Independent UK

IRS says Microsoft may owe more than $29 billion in back taxes; Microsoft disagrees

The Internal Revenue Service says Microsoft owes the U.S. Treasury $28.9 billion in back taxes, plus penalties and interest

The Independent UK

IRS contractor charged with leaking tax return information of wealthy people

A former contractor for the Internal Revenue Service has been charged with leaking tax information to news outlets about a government official and thousands of the country’s wealthiest people

Reason

No, Court Won't Order Removal of Online Copies of the Decision in Your Online Case, Even if

you argue that you're losing job opportunities because employers see that decision.

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Reason

IRS Targeting More Supposedly 'High-Income' Americans Than Advertised

Don’t count on that promise to not hike taxes on “people making less than $400,000.”

The Independent UK

IRS will pause taking claims for pandemic-era tax credit due to an influx of fraudulent claims

The Internal Revenue Service said Thursday it will pause accepting claims for a pandemic-era tax credit until 2024 due to rising concerns that an influx of applications are fraudulent

Zenger

US Treasury, Internal Revenue Service Introduce Comprehensive Set Of Cryptocurrency Regulations

The move shows growing importance of digital assets and the government's commitment to ensuring their transparent and lawful use.

The Guardian - US

$80bn for the IRS? Fund the US taxman, but not like this

The Internal Revenue Service is woefully underfunded, and badly needs money – but Biden has made a PR blunder

Chicago Sun-Times

In Alsip red-light-camera investigation, feds have done new interviews, issued subpoenas

Investigators recently approached or interviewed current and former village officials, asking how Alsip chose SafeSpeed as its red-light-camera contractor.

WEKU

The IRS will stop making most unannounced visits to taxpayers' homes and businesses

The agency said instead it will send letters to certain taxpayers to set up face-to-face meetings.

Chicago Tribune

Commentary: The IRS has an alternative to TurboTax. But will that widen the racial wealth gap?

The Internal Revenue Service recently announced that it will begin a pilot program during the 2024 tax season to start preparing and filing Americans’ taxes in-house, relieving them of the need to use an accountant or tax preparation software such as TurboTax.

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