The Latest Breaking News from IRS

NOT REAL NEWS: A look at what didn't happen this week

Social media users shared a range of false claims this week

The Independent UK · Jan 13, 2023

Whatever the Fate of the Fair Tax Act, Congress Should Still Abolish the IRS

Getting rid of the much-despised tax agency would be a good idea. It’s unlikely to happen anytime soon.

Reason · Jan 13, 2023

Alexis Leondis: The IRS needs billions to make trillions

Regardless of how you feel about the Internal Revenue Service — it’s dysfunctional, it’s underfunded, or both — there’s a basic point that’s hard to refute: The current system to ferret out wrongdoers is terrible. And in a move that will only make it worse, House Republicans voted Monday to…

Tribune News Service · Jan 12, 2023

Commentary: House Republicans’ first order of business? Balloon the $31 trillion national debt

Republicans have long claimed they are dedicated deficit hawks, blaming Democrats for growing deficits and debt. But two votes they cast after electing Kevin McCarthy as House speaker prove that Republicans are charlatans when it comes to deficit reduction.

Los Angeles Times · Jan 11, 2023

How Congress cracked down on tax scam

New law shuts down “syndicated conservation easements” that exploit charitable tax break meant to preserve lands

Salon · Jan 11, 2023

IRS gives drenched Californians an extra month to file tax returns

The Internal Revenue Service offered a lifeboat of sorts Tuesday to California residents and businesses floundering in the atmospheric river: More time to pay their income taxes.

Los Angeles Times · Jan 11, 2023

US House Republicans get to work, but Democrats raise concerns

The lower chamber of US Congress has approved a new rules package that includes concessions to far-right lawmakers.

Al Jazeera · Jan 10, 2023

Don't tell friends or family if you win $1.1 billion Mega Millions jackpot, experts advise

The temptation to throw a lavish part to celebrate will be strong—but keep it quiet, financial gurus say.

Fortune · Jan 10, 2023

House Republicans To Probe White House Pressure on Social Media Companies

Plus: House votes to rescind IRS funding, the FDA is putting unnecessary strings on pharmacies filling abortion pill prescriptions, and more...

Reason · Jan 10, 2023

In first act, GOP-controlled House takes aim at IRS funding

WASHINGTON — The new Republican-controlled House passed a bill to claw back $71.5 billion in funding for the IRS that was part of Democrats’ climate, tax and health care reconciliation law last year.

Tribune News Service · Jan 10, 2023