The Latest Breaking News from IRS

By Sean M Cleary The all-time highs of cryptocurrency in 2021 now seem like a distant memory, as the 2022 crypto crash has seen major digital assets give back the gains made during their historic bull run. So, what is causing the crypto crash?

If you lost money in cryptocurrency this year, there's a bit of good news. You can claim that loss on your taxes.

IRS Commissioner Charles Rettig, who was appointed by President Trump in 2018, will face questions behind closed doors from lawmakers in the House and Senate before the end of the month.

WASHINGTON — Sen. Elizabeth Warren is leading fellow Democrats in renewing a push for the IRS to create its own free tax-filing services and move away from its current private partnership, whose services only a slim portion of taxpayers use.

Sen. Elizabeth Warren is leading fellow Democrats in renewing a push for the IRS to create its own free tax-filing services.

Trying to modify the potential deal could scuttle the entire package.

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 — 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…