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The Latest Breaking News from IRS

Sentencing of former state Sen. Terry Link set for October

Link’s entanglement with the feds first became known in October 2019, when the Chicago Sun-Times and other media reported he was the unnamed state senator who wore a wire against then-state Rep. Luis Arroyo. Link lied to reporters at the time and claimed it wasn’t him.

Chicago Sun-Times

SCOTUS Case Could Quash Democrats' Wealth Tax Plans

Plus: Why people believe doomer narratives, schools seek to define social media platforms as public nuisances, and more...

Reason

Four Ways Parents Can Help Kids Be First-Time Home Buyers

High real estate prices and interest rates are making buying a first home more challenging than ever, but parents can make loans, give gifts and be co-signers.

Kiplinger

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McCarthy threatens Attorney General Garland with impeachment inquiry

GOP-led committees are seeking information from a U.S. attorney who investigated Hunter Biden.

Axios

Attorney general denies whistleblower claims of interference in Hunter Biden investigation

Attorney General Merrick Garland is pushing back against claims that the Justice Department interfered with the investigation into President Joe Biden's son, Hunter Biden

The Independent UK

NR Lucknow division IRSS officer named as the only central govt officer to e-marketplace award

LUCKNOW: Earlier in the month of March, an emergency request was raised to senior divisional material manager (Sr DMM) of NR Lucknow division by railway hospital (Cariappa road based), for vials of Koate DVI 500 IU injection for a 10-year-old boy suffering from a ultra-rare platelet deficiency called Congenital thrombotic…

The Times of India

GOP releases whistleblower testimonies from ex-IRS agents in Hunter Biden case

House Republicans have released testimony from two IRS whistleblowers who allege that the Justice Department interfered with their yearslong investigation into President Joe Biden’s son, Hunter

The Independent UK

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House panel releases transcripts from Hunter Biden investigation - Roll Call

The Ways and Means Committee voted to release testimony on the administration’s handling of an investigation into the president’s son.

Roll Call

IRS reduces tax return backlog by 80% and is doing better job answering the phone

The IRS has processed tens of millions of tax returns faster this year compared with years past, and getting through to customer service on the phone is slowly improving

The Independent UK

Ways and Means will meet to review private tax documents

WASHINGTON — Hours after court filings revealed Hunter Biden, the president’s son, agreed to plead guilty to tax evasion charges, the House Ways and Means Committee announced it would meet to discuss confidential tax information related to a “high-profile individual.”

Tribune News Service

Ways and Means will meet to review private tax documents - Roll Call

The House Ways and Means Committee announced it would meet to discuss confidential tax information related to a "high-profile individual."

Roll Call

How to protect yourself from drop account fraud -- tips from our investigative unit

Behind the scenes of the investigation

The Conversation

Republican’s non-profit paid PR firm that also represents her for-profit work

Revelation of payments by Center for American Liberty blur lines between Harmeet Dhillon’s non-profit work and political career

The Guardian - US

Are Funeral Expenses Tax-Deductible? Everything You Need to Know

Funerals are expensive, so this is a common question from those left behind. Most people cannot deduct burial costs, but there are things you can do to manage them.

Kiplinger

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news in one place.

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Kiplinger

IRS Loses About $21 Billion Due to Debt Limit Deal: Kiplinger Tax Letter

Only time will tell the impact of a key budget concession involving the IRS.

Kiplinger

How the Debt Ceiling Negotiations Affect the Budget: Kiplinger Economic Forecasts

Here's why a compromise on the debt ceiling means more spending caps for future annual budgets.

Sports Illustrated

NCAA President Sides With IRS on ‘Ruling’ About NIL Collectives

NIL collectives were dealt a potentially massive blow by the IRS last week, and Charlie Baker warns stricter guidelines for the nonprofits could be on the way.

The Independent UK

The Covid con: How billions in coronavirus relief was stolen or wasted

Criminals and gangs grabbed the money. But so did a US soldier in Georgia, the pastors of a defunct church in Texas, a former state lawmaker in Missouri and a roofing contractor in Montana

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news in one place.

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Tribune News Service

Granger sets fiscal 2024 funding targets below debt limit deal

With House GOP leaders under pressure from hard-right lawmakers, Republican appropriators in that chamber will write their fiscal 2024 spending bills to meet the tight budget caps that Freedom Caucus and other spending hawks have sought since January.

Roll Call

Granger sets fiscal 2024 funding targets below debt limit deal - Roll Call

House Republican appropriators will write their fiscal 2024 spending bills to meet the tight budget caps sought by the Freedom Caucus and other spending hawks.

The Guardian - US

Non-profit pays $1.3m for legal services to law firm owned by Republican official

RNC committeewoman Harmeet Dhillon takes $120,000 salary from non-profit Center for American Liberty

The Independent UK

The Great Grift: How billions in COVID-19 relief aid was stolen or wasted

An Associated Press analysis found that fraudsters potentially stole more than $280 billion in COVID-19 relief funding; another $123 billion was wasted or misspent

Kiplinger

Are You Ready to ‘Rothify’ Your Retirement?

Legislation makes Roth accounts more enticing, and savers who mostly prefer to defer face tough decisions. How to choose?

Sports Illustrated

IRS Says Nonprofit NIL Collectives Giving Tax Deductions Could Be Illegal

The office of the IRS Chief Counsel released a memo Friday saying donations made to nonprofit NIL collectives “are not tax exempt”.

Kiplinger

Pay Your Tax Debts if You Want to Keep Your Passport: Kiplinger Tax Letter

Are you applying for or renewing a passport? Be sure you’ve paid your federal taxes.

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