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The Latest Breaking News from IRS

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

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

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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

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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

GOP Lawmaker Blocks IVF Protection Bill

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

Reason

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 Independent UK

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…

The Conversation

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.

Los Angeles Times

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.

Axios

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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.

Get all your
news in one place.

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One news app.

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.

Al Jazeera

US House committee votes to make Trump tax returns public

The Democrat-led panel voted in a closed session to release six years of records pertaining to the former president.

France 24

US House committee votes to release Trump tax returns to public

A report issued Tuesday by the Democratic-controlled House Ways and Means Committee found that required IRS audits of Donald Trump were delayed, and committee members voted along party lines to also release tax filings of the former president who broke political norms by refusing to release the information on his…

WEKU

The IRS did not audit Trump during his presidency's first 2 years, Democrats say

The findings were announced after a Democratic-controlled committee voted to release a report related to former President Donald Trump's tax returns.

Los Angeles Times

Congressional panel votes to release Trump's tax returns to public

WASHINGTON — A House panel voted Tuesday along party lines to release former President Donald Trump's tax returns, an unprecedented move that marks the culmination of a yearslong legal battle to disclose his financial records.

The Texas Tribune

House committee votes to release Trump tax returns over objections by U.S. Rep. Kevin Brady

Brady, the top Republican on the House tax-writing committee, urged the committee not to release the former president’s records just before it deliberated on what to do with them.

Roll Call

House Democrats move to release Trump taxes - Roll Call

The House Ways and Means Committee voted along party-lines to compile a report outlining former President Donald Trump's tax records.

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