Tag

Internal Revenue Service

All articles tagged with #internal revenue service

politics4 days ago•111 min saved

Trump's $1.8B Fund Triggers GOP Revolt and Senate Power Play

Trump is pushing an $1.8 billion DOJ ‘anti-weaponization’ slush fund to pay his supporters, triggering a furious closed-door revolt by more than a dozen GOP senators who yelled at Acting Attorney General Todd Blanche and derailed a partisan funding vote; Trump has doubled down after endorsing Ken Paxton, claiming the fund fights weaponization, while allies say he still controls the agenda, even as Senate leaders and other Republicans condemn the plan as risky for GOP unity ahead of midterms.

via The Daily Beast|

#donald-j-trump #gop #internal-revenue-service

politics14 days ago•16 min saved

Trump Negotiates a $1.7B MAGA Slush Fund in IRS Lawsuit Settlement Talks

Democrats accuse Trump of orchestrating a $1.7 billion fraud to profit MAGA allies as ABC reports he may drop his $10 billion IRS lawsuit in exchange for a Treasury Judgment Fund payout, creating a controversial fund with little oversight that critics warn could turn taxpayer dollars into a political slush fund.

via Common Dreams|

#corruption #donald-trump #internal-revenue-service

politics1 month ago•19 min saved

Agencies eye settlement in $10B Trump tax-leak lawsuit

Federal agencies are in talks with Donald Trump and his family to resolve a $10 billion lawsuit over leaks of their tax information to news outlets; court filings indicate the parties are pursuing a settlement rather than going to trial, and Trump’s legal team has sought a 90-day extension to negotiate.

via The Washington Post|

#donald-trump #internal-revenue-service #lawsuits

immigration1 month ago•23 min saved

Immigrant tax filings dip as ICE-IRS data sharing spooks taxpayers

Immigrant tax filings have declined as fear that the IRS will share data with ICE leads many immigrant clients to disengage from filing, a trend experts say could cost up to $479 billion in government revenue over the next decade.

via The Washington Post|

#immigration #internal-revenue-service #tax-policy

economic-policy3 months ago•16 min saved

Judge finds IRS repeatedly violated federal law by sharing tax data with DHS

A federal judge found the IRS violated federal law roughly 42,695 times by sharing confidential taxpayer addresses with DHS immigration authorities in a data-sharing agreement last summer, highlighting privacy and legal concerns over IRS data handling.

via The Washington Post|

#court-decisions #economic-policy #immigration

finance2 years ago•0 min saved

"IRS Raises Penalty for Underpaying Taxes to 8%: Freelancers Beware"

The Internal Revenue Service (IRS) has increased the interest rate on estimated tax underpayments from 3% to 8%, resulting in potentially expensive surprises for those who fail to keep up with tax payments. This change is a consequence of rising interest rates.

via The Wall Street Journal|

#finance #interest-rates #internal-revenue-service

politics2 years ago•1 min saved

"House Committee Demands Transcribed Interviews on Agency Misconduct in Hunter Biden Investigation"

Republican Chairmen of the House Committee on Oversight and Accountability, Committee on the Judiciary, and Committee on Ways and Means are requesting transcribed interviews with over a dozen federal employees from the Department of Justice, Internal Revenue Service (IRS), and U.S. Secret Service who possess information related to allegations of politicization and misconduct in the investigation of Hunter Biden. Whistleblower testimony has revealed extensive misconduct, including the Justice Department refusing to follow evidence implicating Joe Biden, tipping off Hunter Biden's attorneys and the Secret Service, and allowing certain charges to expire. The Chairmen aim to hold accountable those responsible for the alleged cover-up and restore equal enforcement of the law.

via House Committee on Oversight and Reform ||

#department-of-justice #house-committee-on-oversight-and-accountability #hunter-biden-investigation