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The Latest Breaking News from Internal Revenue Service

New IRS funding boosted tax enforcement and improved taxpayer services during the Biden administration

The Internal Revenue Service has ramped up its efforts to recover unpaid taxes from millionaires. It collected more than US$1.1 billion from 1,600 wealthy Americans with known but unpaid tax debts in the 2024 fiscal year, up from just $38 million a year earlier.

The Conversation

"Two Men Plead Guilty to Acting as Illegal Agents of the PRC Government and Bribery"

From Thursday's press release by the Justice Department (see also the Indictment itself): JOHN CHEN and LIN FENG pled guilty to acting as unregistered agents of the government of the People's Republic of China ("PRC") and bribing an Internal Revenue Service ("IRS") agent in connection with a plot to target…

Reason

House Republicans aim to pay for Israel aid with cuts to IRS funds

Democrats want Israel and Ukraine funding to be linked together. House Republicans are proposing a standalone bill with roughly $14 billion for Israel offset with cuts to the Internal Revenue Service.

WEKU

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IRS is using $60B funding boost to ramp up use of technology to collect taxes − not just hiring more enforcement agents

The Internal Revenue Service is getting a funding boost thanks to the Inflation Reduction Act, which President Joe Biden signed into law in 2022.

The Conversation

Watch live: IRS agent Gary Shapley testifies on Hunter Biden investigation

Internal Revenue Service agent Gary Shapley will testify before the House Oversight and Accountability Committee hearing about alleged meddling by US president Joe Biden in the Justice Department’s investigation of his son, Hunter Biden.

The Independent UK

IRS whistleblowers to testify to Congress as they claim 'slow-walking' of Hunter Biden case

Whistleblowers claiming the Justice Department improperly interfered with a yearslong investigation into Hunter Biden will testify before Congress as House Republicans accelerate their probes into the president and his family

The Independent UK

IRS nominee Daniel Werfel confirmed by Senate vote

The U.S. Senate has confirmed Daniel Werfel to serve as commissioner of the Internal Revenue Service by a vote of 54-to-42

The Independent UK

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Black married couples face heavier tax penalties than white couples, a report says

The report is part of a growing body of research into whether institutions and policies reinforce preexisting racial disparities.

WEKU

IRS nominee: No audit boost for households under $400,000

President Joe Biden's nominee to lead the Internal Revenue Service says that, if confirmed, he will commit to not increasing tax audits on businesses and households making less than $400,000 per year

The Independent UK

IRS urges special refund recipients to delay filing taxes

The Internal Revenue Service is recommending that taxpayers hold off on filing their tax returns for 2022 if they received a special tax refund or payment from their state last year

The Independent UK

Karl Smith: Republican tax proposals aren’t as bonkers as they sound

Among the many concessions Kevin McCarthy agreed to in order to become speaker of the House is one that would give the so-called Fair Tax Act a full hearing on Capitol Hill. To describe the bill as radical would be an understatement. Not only would it abolish the Internal Revenue…

Tribune News Service

Tax season 2023 gets underway. Your questions answered

IRS starts accepting and processing 2022 returns on Jan. 23, but last-minute filers will have a little extra time.

Fortune

Cook County Commissioner Sean Morrison took $300K from nonprofit linked to Ken Griffin

Morrison got the money in his tight reelection race from a nonprofit that has financial ties to a PAC funded by the billionaire.

Chicago Sun-Times

Whatever the Fate of the Fair Tax Act, Congress Should Still Abolish the IRS

Getting rid of the much-despised tax agency would be a good idea. It’s unlikely to happen anytime soon.

Reason

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Tribune News Service

Alexis Leondis: The IRS needs billions to make trillions

Regardless of how you feel about the Internal Revenue Service — it’s dysfunctional, it’s underfunded, or both — there’s a basic point that’s hard to refute: The current system to ferret out wrongdoers is terrible. And in a move that will only make it worse, House Republicans voted Monday to…

Tribune News Service

How House Republicans will investigate Biden after Democrats probed Trump

WASHINGTON — The new Republican majority in the U.S. House is readying a fusillade of investigations into President Joe Biden, his family and his administration, upholding a key promise of the midterm election campaigns following Democratic-led inquiries of former President Donald Trump.

Los Angeles Times

IRS gives drenched Californians an extra month to file tax returns

The Internal Revenue Service offered a lifeboat of sorts Tuesday to California residents and businesses floundering in the atmospheric river: More time to pay their income taxes.

Reason

Finally Approved as House Speaker, McCarthy Aims To Cut IRS Funding

Plus: More documents showcase government pressure on social platforms, appeals court to reconsider ban on nonviolent felon gun ownership, and more...

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Tribune News Service

Trump Tax returns' release might start tit-for-tat battle in Congress, GOP aide says

WASHINGTON — Democrats’ plans to release former President Donald Trump’s tax returns could be the start of a tit-for-tat battle using Internal Revenue Service documents to target political foes, a Republican aide said.

St. Louis Post-Dispatch

Editorial: Question remains unanswered of why the IRS failed to audit Trump's taxes

A gaping question remains to be answered following the House Ways and Means Committee’s decision to release Donald Trump’s tax returns: Why did the Internal Revenue Service fail to audit Trump’s taxes during the first two years of his presidency, as required by law? There’s a growing mountain of circumstantial…

St. Louis Post-Dispatch

Editorial: Decision to release Trump's tax returns doesn't pass the smell test

Democrats on the House Ways and Means Committee were so busy patting themselves on the back after Wednesday’s partisan vote to publicly release former President Donald Trump’s tax returns that they forgot one thing: explaining why this is legally necessary or proper. The vote wasn’t an attempt to uphold the…

Al Jazeera

US House committee votes to make Trump tax returns public

The Democrat-led panel voted in a closed session to release six years of records pertaining to the former president.

Al Jazeera

US Supreme Court paves path to obtain Trump’s tax returns

The decision concludes a three-year legal battle over efforts to obtain the former president’s taxes.

The Independent UK

IRS contractor gets more scrutiny in congressional report

House investigators say a federal contractor that provided identity verification services for the Internal Revenue Service overstated its capacity to perform its services

The New Daily

Trump seeks halt to House tax data access

Former US president Donald Trump is trying to stop his tax returns from being handed to a congressional committee.

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