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Tax Returns

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politics20 days ago

11th Circuit rejects Trump bid to pause sanctions over IRS tax leak settlement

A federal appeals court has denied President Trump’s request to pause sanctions imposed on his attorneys regarding a controversial IRS settlement. The 11th Circuit ruled that the lawyers failed to show they would succeed in challenging Judge Kathleen Williams’ finding that the lawsuit was filed in bad faith to legitimize an out-of-court deal. The settlement, which briefly included a $1.776 billion compensation fund, was criticized for lacking legal basis and shielding Trump and his family from tax liability.

via Politico|
#11th-circuit#irs#legal-sanctions
New York mails $1 billion in energy rebates to 8.2 million residents
economy1 month ago

New York mails $1 billion in energy rebates to 8.2 million residents

New York State is distributing one-time cash rebates to approximately 8.2 million residents to offset rising electricity costs. The payments, funded by a $1 billion allocation in the 2026-27 budget, range from $100 to $200 based on income and filing status. Checks are being mailed automatically from September through December without requiring applications.

via New York Post|
#economy#energy-rebates#kathy-hochul
Judge Rules Trump IRS Lawsuit Was an Improper Court Tactic
politics3 months ago

Judge Rules Trump IRS Lawsuit Was an Improper Court Tactic

A federal judge denounced Trump’s lawsuit against the IRS as an improper bid to ‘manipulate’ the court and legitimize a private deal that would shield Trump and family from past tax claims and earmark billions for those claiming a politicized justice system; Williams barred citing the settlement in official proceedings and warned of possible sanctions for the lawyers involved and some DOJ officials. While not striking down the private agreement, she cast doubt on its practical impact and highlighted bipartisan backlash over the plan, including questions about the conduct of acting attorney general Todd Blanche. The underlying suit—over leaked tax filings—was withdrawn after the deal was announced.

via The Washington Post|
#judiciary#justice-department#politics
Judge blocks Trump’s $1.8B anti-weaponisation fund, demands sworn denial to proceed
politics4 months ago

Judge blocks Trump’s $1.8B anti-weaponisation fund, demands sworn denial to proceed

A federal judge extended a temporary injunction against a proposed $1.8 billion 'anti-weaponisation' fund linked to Trump's IRS tax-return lawsuit, ordering the administration to provide sworn confirmation within a week that the fund will not go forward. Although officials had signaled abandonment, the court said verbal statements were insufficient. The fund would have been managed by a five-member commission to pay claims by those deemed victims of 'lawfare' and 'weaponisation,' a plan that raised concerns about potential payouts to some Capitol riot defendants.

via BBC|
#anti-weaponisation#court-ruling#donald-trump
Trump tax returns shielded from IRS action under $1.8B DOJ settlement fund
politics5 months ago

Trump tax returns shielded from IRS action under $1.8B DOJ settlement fund

An addendum to a $1.8 billion DOJ settlement shields Trump, his family, the Trump Organization and related entities’ federal tax returns from IRS enforcement, applying to filings before the settlement’s effective date; the fund—designated to compensate alleged victims of law-enforcement actions—has drawn fire from Democrats who say it violates federal law prohibiting executive interference with IRS audits, while supporters say the fund serves legitimate purposes and the Trumps dropped related claims in exchange for the financing.

via CNBC|
#anti-weaponization-fund#doj#irs
Trump’s Daylight Cash Grab: IRS Settlement Could Seed a $1.7B Slush Fund
politics5 months ago

Trump’s Daylight Cash Grab: IRS Settlement Could Seed a $1.7B Slush Fund

Morning Shots argues that Trump’s imminent settlement with the IRS over leaked tax returns could hinge on funding a $1.7 billion pot to compensate allies who claim they were targeted by the Biden administration, a fund run by a commission that answers to Trump and with minimal disclosure. While Trump wouldn’t directly receive money, entities tied to him could file claims, making it a perceived graft that threatens public funds and oversight. The piece urges Congress to act, up to impeachment if warranted, and places the development in the broader context of Trump’s leadership and the post-summit foreign-policy dynamic.

via The Bulwark|
#irs#politics#settlement
DOJ eyes settlement in Trump's $10B IRS leak case
politics5 months ago

DOJ eyes settlement in Trump's $10B IRS leak case

The Justice Department is reportedly weighing a settlement in Donald Trump’s $10 billion lawsuit over an IRS tax‑return leak, with talks potentially exploring dropping audits of Trump, his family, and the Trump Organization; no decision has been made and monetary terms aren’t clear. A federal judge has questioned the proper party to sue the agencies, and this follows recent DOJ settlements with allies like Carter Page and Michael Flynn.

via CNN|
#donald-trump#irs#justice-department
politics6 months ago

Mamdani Couple Report Roughly $145K Combined Income in 2025 Tax Returns

New York City Mayor Zohran Mamdani and his wife Rama Duwaji reported a combined $144,784 in 2025 before taxes, largely from Mamdani's Assembly salary and royalties, placing them above NYC's two-person area median income ($129,600) but below SmartAsset's $158,954 threshold for a “comfortable” city living standard; they also expect a tax refund due to overpayment.

via Politico|
#cost-of-living#mayor#new-york-city
Prominent Litigator Tom Goldstein Convicted on Majority of Counts in Maryland Tax Trial
law7 months ago

Prominent Litigator Tom Goldstein Convicted on Majority of Counts in Maryland Tax Trial

Former U.S. Supreme Court litigator Tom Goldstein was found guilty on 12 of 16 counts after a six-week trial in Maryland, including tax evasion, willful failure to pay taxes for four years, three counts of making false statements on loan applications, and four counts of aiding in the preparation of false tax returns. He was acquitted on the remaining four counts. Maximum penalties include up to 30 years for each loan-statement count and substantial potential prison terms for other convictions; sentencing will follow for the jury verdict and potential asset-forfeit issues.

via Bloomberg Law News|
#false-statements#law#loan-application