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The Latest Breaking News from IRS

Supreme Court rejects Trump plea to shield taxes from House committee

WASHINGTON — The Supreme Court on Tuesday denied President Donald Trump's plea to shield his tax returns from being turned over to a House committee.

Los Angeles Times

Todd and Julie Chrisley sentenced to combined 19 years in prison for fraud and tax evasion

Reality TV stars Todd and Julie Chrisley have been sentenced to a combined 19 years behind bars for fraud and tax evasion, according to the U.S. attorney's office

Daily Mirror

Supreme Court denies Trump bid to keep tax records from House - Roll Call

The Supreme Court cleared the way for the Ways and Means panel to get six years of former President Donald Trump’s tax returns from the IRS.

Roll Call

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Todd and Julie Chrisley sentenced for fraud and tax crimes

The “Chrisley Knows Best” couple were found guilty in June of conspiracy to defraud banks out of more than $30 million

The Independent UK

Reality TV's Chrisleys get hefty sentences in fraud case

Reality TV stars Todd and Julie Chrisley were sentenced Monday to lengthy prison terms after being convicted earlier this year on charges including bank fraud and tax evasion.

WEKU

Todd and Julie Chrisley sentenced to federal prison in tax evasion case

ATLANTA — Reality TV stars Todd and Julie Chrisley were sentenced to prison in federal court Monday.

Tribune News Service

Jordan smear campaign against Jack Smith

Jordan is already planning to investigate the DOJ prosecutor investigating Trump

Salon

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Todd and Julie Chrisley sentenced for fraud and tax crimes

Reality TV Stars Julie and Todd Chrisley were sentenced to prison in federal court Monday.

The Independent UK

Todd and Julie Chrisley: Reality TV stars to be sentenced in tax fraud case

Federal prosecutors say reality TV stars Todd and Julie Chrisley were driven by greed as they engaged in an extensive bank fraud scheme and then hid their wealth from tax authorities while flaunting their lavish lifestyle

The Independent UK

Alexis Leondis: FTX users can’t count on help from the IRS

When market investors suffer losses — or get taken for a ride — they’re often eligible for a tax write-off to soften the blow. Users of the bankrupt crypto exchange FTX won’t be so lucky.

Tribune News Service

IRS contractor gets more scrutiny in congressional report

House investigators say a federal contractor that provided identity verification services for the Internal Revenue Service overstated its capacity to perform its services

The Independent UK

Why did an Augusta golf course receive an $8 million tax deduction? The southern fox squirrel is part of the answer

The course, which hosts the annual Augusta National Women's Amateur tournament, was completed in June 2005.

USA Today Sports Media Group

How To Get Your Taxes Done As A Trader

For most people, taxes can be a headache. This is especially true for investors who are not quite certain what they qualify for, how they need to report, or what tax benefits they can take advantage of. If you’re not careful, the IRS can classify you as an investor, which…

Benzinga

CBI to announce reward on 'absconding' IRS officer

The CBI will soon announce a reward of Rs one lakh for providing information on IRS officer Santosh Karnani who is absconding since October 4 after his name surfaced in Rs 30 lakh alleged bribery case, officials said. Read on for details:

Dynamite News

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Axios

John Kelly says Trump wanted to "get the IRS on" James Comey and get DOJ to probe other foes

"The U.S. government ... should never be weaponized or used to retaliate," ex-WH chief of staff told NYT.

Fortune

Home equity loan rates for the week of Aug. 26, 2024

The average home equity loan rate remained at 8.60%.

Tribune News Service

2023 IRA contribution and income limits: What retirement savers need to know

The IRS has some good news for workers who use traditional or Roth IRAs to save for retirement. In 2023, you’ll be able to contribute an additional $500 to either account. It’s the first increase since 2019, bringing the total annual contribution limit to $6,500. Those age 50 and older…

The Guardian - US

US far-right group sparks legal firestorm over drive to monitor drop-box voting

Melody Jennings of Clean Elections USA teamed up with True the Vote for project that echos Trump’s false claims about 2020

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Kiplinger

Standard Deduction 2026: How Much You Can Claim and Whether You Should Itemize

Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

McClatchy Washington Bureau

‘Breaking our way.’ Kentucky's Comer, Massie eye GOP House gains, weigh priorities after midterms

WASHINGTON — Rep. James Comer of Kentucky said he expects Republicans to gain 30 House seats in Tuesday’s midterm elections, easily clearing the six necessary for the GOP to capture control of the chamber.

The Independent UK

AP News Digest 3:45 a.m.

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

The Independent UK

IRS crime-fighting arm takes on new tasks during Ukraine war

The crime-fighting arm of the IRS has identified more than $32 billion in funds this past fiscal year for eventual seizure

Salon

SCOTUS blocks Trump tax records release

Trump asked the high court to intervene after lower courts repeatedly rejected his appeals

Reason

Twitter Was Toxic Long Before Musk Took Over

Plus: Hate speech is free speech, tax gap is stable, and more...

Benzinga

New Jersey Update: Cannabis Deductions Bill Heads To Senate, Expungement Clinics In Trenton

Under the Internal Revenue Service (IRS) code 280E, the marijuana industry remains blocked from taking federal deductions, which precludes entities that illegally sell Schedule I or II drugs from key tax deductions in their federal filings.

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