The Latest Breaking News from IRS

Republicans’ Israel bill would strip money from IRS ability to crack down on tax cheats

The proposed bill will also strip money from the IRS’s plan to create a free electronic filing system

The Independent UK · Oct 31, 2023

GOP seeks to pair Israel aid & IRS cuts

House GOP "using aid for Israel as a political pawn in order to slash taxes for their wealthy donors," Dem says

Salon · Oct 31, 2023

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 · Oct 31, 2023

How Are I Bonds Taxed? Nine Common Situations

Series I bonds are a popular investment that can help you save on taxes, but the federal income tax consequences can be complex.

Kiplinger · Oct 30, 2023

You Can't Fix Him (the IRS)

Plus: Tanks in Gaza, quitting the DSA, Gen Z hates a sex scene, and more...

Reason · Oct 27, 2023

The grey moral ground of lying on expense travel reports

A Citibank employee was recently fired for fudging receipts, but companies are striving to follow the rules laid down by the IRS

The Guardian - US · Oct 22, 2023

IRS plans limited rollout of free e-file tax return system with invitations to select taxpayers

The agency estimates that hundreds of thousands of taxpayers will participate in the limited rollout of the program for the 2024 filing season.

Chicago Sun-Times · Oct 17, 2023

‘Oh, come on!’ Groans and gritted teeth as Jordan loses first speaker round

As Jim Jordan came up short Tuesday afternoon, visitors watching from the gallery said this was — and wasn’t — planned.

Roll Call · Oct 17, 2023

'This is all bad news': 'Shark Tank' mogul Kevin O'Leary looks at the commercial real estate landscape and despairs, warning of 'chaos' to come

Not only does O'Leary see a "correction" coming for the office sector, but in New York it may be better "to actually tear these buildings down and rebuild.”

Fortune · Oct 16, 2023

Harvard billboard accusing students of antisemitism linked to rightwing funder

IRS filings show Informing America Foundation helping to bankroll variety of conservative groups and causes

The Guardian - US · Oct 16, 2023