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The Latest Breaking News from IRS

Trump Explored Using IRS To Target FBI Officials, New Report Reveals

Former White House chief of staff John Kelly's sworn statement sheds light on Trump's alleged attempts to investigate FBI agents

Zenger

Top Republicans are gearing up to investigate the Hunter Biden case. Here's what to know.

The Republican chairmen of three key House committees are joining forces to probe the Justice Department’s handling of charges against Hunter Biden after making sweeping claims about misconduct at the agency

The Independent UK

How Four Recent Supreme Court Rulings Impact Your Money

Some U.S. Supreme Court decisions could affect your finances. Here’s what you need to know.

Kiplinger

From analysis to the latest developments in health,
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HC permits Sameer Wankhede to amend plea and include Shah Rukh Khan under Prevention of Corruption Act for paying Rs 18 crore bribe

The Bombay High Court on Wednesday permitted IRS officer Sameer Wankhede, named as accused by the CBI in an extortion and bribery case related to the Cordelia cruise drugs case, to amend his petition to add additional ground that the giver of the alleged bribe should also be prosecuted.

The Times of India

Aretha Franklin's sons battle over handwritten wills 5 years after her death

Five years after music superstar Aretha Franklin's death, her final wishes are still unsettled

The Independent UK

Jackson Bone: the Trump-linked US law firm engaged in anti-trans litigation

Former administration staffer Candice Jackson partnering with Lauren Adams Bone, legal director of ‘radical feminist’ group

The Guardian - US

IRS Quietly Changed the Rules on Your Children’s Inheritance

Property, such as your home, held in an irrevocable trust 'that is not included in the taxable estate at death' will no longer receive a step-up in basis. Here’s why the wording of that is key.

Kiplinger

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DAFs vs. Private Foundations: Which Giving Strategy Is Right for You?

Let’s explore how each of these charitable giving vehicles can help you to maximize your charitable giving in a tax-smart manner and expand your impact.

Kiplinger

Warning: Watch Out for New IRS Refund Mail Scam

If you receive a cardboard envelope appearing to be from the IRS about an unclaimed tax refund, be cautious. It’s a new scam.

Kiplinger

LOCALIZE IT: Moms for Liberty expands efforts to take over school boards, other education posts

EDITORS/NEWS DIRECTORS:

The Independent UK

Rich crypto traders to face IRS scrutiny after judge rules against Kraken

The tax agency’s investigation into crypto traders comes amid a larger crypto crackdown from the federal government.

Fortune

Will Pennsylvania Tax Breaks Help Replace Lost Residents?

Proposed Pennsylvania tax breaks could result in big tax cuts, but if the tax breaks happen, will they be enough to help Pennsylvania replace the 40,000 residents it lost?

Kiplinger

IRS Services Improve but Are Still Lacking

A new report says that while some IRS services have shown drastic improvement, others are still lacking. Here’s where the IRS is falling short.

Kiplinger

How I’m Dealing With Nanny Taxes

Hiring full-time help, such as a nanny, requires financial obligations to pay certain taxes. Here's how to keep track of what you're responsible for.

Kiplinger

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The Independent UK

Prosecutor in the Hunter Biden case denies retaliating against IRS agent who talked to House GOP

The federal prosecutor leading the investigation of President Joe Biden’s son Hunter is pushing back against claims that he was blocked from pursuing criminal charges in Los Angeles and Washington

Axios

Scoop: Hunter Biden's lawyer roasts IRS whistleblowers in message to GOP chair

Hunter's lawyer Abbe Lowell is now taking the lead in fighting back.

Salon

DeSantis wants to eliminate IRS and more

DeSantis also wants to eliminate the department that oversees U.S. nuclear weapons

Kiplinger

Californians Will Get Another IRS Tax Deadline Letter

Millions of California residents impacted by severe weather will get a new mailing from the IRS about when their taxes are due.

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news in one place.

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The Independent UK

Republicans expand their Hunter Biden investigation by seeking an interview with the lead prosecutor

House Republicans are requesting voluntary testimony from nearly a dozen Justice Department officials involved in the investigation of President Joe Biden’s son Hunter

The Guardian - US

DeSantis says as US president he would eliminate IRS and other agencies

Florida governor vows to ‘push back against woke ideology … we see creeping into all institutions of American life’

The Independent UK

DeSantis says if elected he would abolish education, energy and IRS departments to fight ‘woke ideology’

The Florida governor is trailing former president Donald Trump by wide margins in Republican primary polls

The Hindu

Customs official remanded in ED custody in disproportionate assets case

A special Prevention of Money Laundering Act (PMLA) court on Wednesday remanded Additional Commissioner of Customs, IRS (Customs & Central Excise: 2008), Sachin Sawant in the custody of the Enforcement Directorate (ED) till July 5.

Kiplinger

Unrealized Gains Supreme Court Case Could Change Wealth Taxes

In a landmark case, the U.S. Supreme Court will decide whether a mandatory tax on unrealized gains violates the Constitution.

Tribune News Service

Editorial: Inflation Reduction Act will add to the deficit

Massive government spending programs typically cost more than projected. At some point, one might even call it a pattern.

StockNews.com

2 Private Equity Stocks to Buy, 1 to Sell

With rising global deals, an expanding base of high-net-worth individuals, and enhanced volatility management, the outlook of the private equity industry radiates promise. Thus, investing in robust private equity stocks, IRSA Inversiones (IRS), and Saratoga Investment (SAR) seems wise. Conversely, Blackstone (BX) might be best avoided now due to its…

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