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The Latest Breaking News from IRS

How To Empower Millions of Independent Workers

Deregulation can help the millions of people who prefer flexible, independent jobs.

Reason

IRS holding back nonprofit tax records

If you’re trying to evaluate a charity this year, you might have a hard time

Salon

Trump's loans to kids "raise eyebrows"

Trump's tax returns show he tried to find loopholes to gift taxes and may have exaggerated his losses

Salon

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New RMD Rules: Starting Age, Penalties, Roth 401(k)s, and More

The SECURE 2.0 Act makes major changes to the required minimum distribution rules.

Kiplinger

Trump rails against ‘deranged tax return witch hunt’ in three-minute video rant

Former president calls on the incoming GOP House to obtain Joe Biden’s financial records

The Independent UK

Investment options for those who don’t have access to an employer-sponsored 401(K)

The choices include IRAs, traditional brokerage accounts, and a solo 401(k).

Fortune

4 ways to minimize taxes on your investments

From tax loss harvesting to buy-and-hold investing here are some of the tactics to know.

Fortune

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Commentary: New IRS requirements raise questions about vow to only expand audits on rich

Next month, the U.S. Postal Service will be busier than usual. Not because of late Christmas cards or thank-you letters, but because of the extra Form 1099-Ks the IRS will be mailing out.

Tribune News Service

House passes bill to make presidential tax returns public

WASHINGTON — The House passed legislation on Thursday that would require the IRS to publicly release U.S. presidents’ tax returns and swiftly launch audits of their filings, after Democrats moved to make former President Donald Trump’s tax returns public.

Tribune News Service

Nicholas Goldberg: Should Congress post Trump's tax returns publicly? I don't think so

Donald Trump should have released his tax returns when he was running for president, and in not doing so he was deceptive, sleazy and in violation of a long-standing tradition that fosters transparency and honesty. He obviously hoped to hide unfavorable information from the voters.

Los Angeles Times

EXPLAINER: What's the debate over releasing Trump's taxes?

Now that the Democratic-controlled House Ways and Means Committee has voted to release former President Donald Trump’s tax returns, there's the potential of additional revelations in the coming days related to the finances of the longtime businessman

The Independent UK

Trump's taxes: House OKs bill on IRS audits of presidents

The House has taken action after disclosures the IRS never full reviewed Donald Trump’s tax returns during his presidency

The Independent UK

Did The Ways & Means Committee Play The Supreme Court On Trump's Tax Returns?

In the long run, the Supreme Court may be less-deferential to House oversight requests.

Reason

House passes bill to make presidential tax returns public - Roll Call

The House passed legislation on Thursday that would require the IRS to publicly release U.S. presidents’ tax returns.

Roll Call

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news in one place.

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Reason

GOP Lawmaker Blocks IVF Protection Bill

Plus: Diminishing differences in regional attitudes, IRS begins monitoring small transactions, and more…

The Independent UK

AP News Digest 7 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

IRS mandatory presidential audit policy goes under spotlight

An IRS policy governing the audits of tax returns filed by U.S. presidents is under new scrutiny

The Conversation

Is Donald Trump's tax avoidance ethical or honorable? 4 essential reads

The tax records of Donald Trump, details of which were released on Dec. 21, 2022, show the former president used the same aggressive measures to avoid paying high taxes while in office as he did during his business career. Indeed, he paid zero tax in 2020 – the last full…

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news in one place.

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Los Angeles Times

Five key takeaways from the expected release of Trump’s tax returns

WASHINGTON — After years of refusing to release his tax returns and battling House Democrats’ attempts to obtain them, former President Donald Trump may soon be forced to reckon with tough questions about his finances.

Axios

What the House committee report says about Trump's taxes

Trump reported negative income on his federal tax returns in 2015, 2016, 2017 and 2020.

Salon

Trump and the IRS: It's a dire tale

We can't be sure whether Trump cheated in claiming huge tax losses — but the IRS didn't even bother to investigate

Salon

Trump taxes expose audit lie, big losses

Tax data shows Trump and Melania paid less than $750 in taxes multiple years in office

The Independent UK

IRS failed to audit Trump’s tax returns during first two years in White House, House committee says

Former IRS commissioner says tax agency was ‘simply outgunned’ and didn’t have resources to review president’s returns

The Independent UK

AP News Digest 7 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

Kiplinger

SECURE 2.0 Act Summary: New Retirement Savings Changes to Know

The SECURE 2.0 Act makes significant changes to retirement savings plans. Here's what you need to know.

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