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The Latest Breaking News from IRS

FBI chief and deputy targeted by Trump both underwent rare intensive IRS audits, report says

Tax agency remains governed by Trump appointee

The Independent UK

California taxpayers told they owe the IRS money when they already paid. Here’s why

SACRAMENTO, Calif. — The Internal Revenue Service has sent letters to taxpayers throughout California telling them they owe money — and hefty penalties and interest — for their 2021 taxes even though they had already paid everything they were obligated to pay.

Tribune News Service

China to Expand Global Investors’ Access to Its Financial Derivatives Market

As offshore investors become more active in trading Chinese bonds, their demand for derivatives to manage the risks of fluctuating interest rates has grown

Caixin Global

From analysis to the latest developments in health,
read the most diverse news in one place.

In What Order Should You Tap Your Retirement Funds?

Should you go with your IRA first or your brokerage account? Follow this road map for tax-smart withdrawals.

Kiplinger

IRS officer Nitin Gupta appointed new CBDT chairman

The CBDT is headed by a Chairman and can have six members who are in the rank of special secretary. It is the administrative body for the Income Tax department.

The Hindu

Bureaucracy: Nitin Gupta appointed as Chairman CBDT

The Government of India on Monday appointed IRS Nitin Gupta as chairman of the Central Board of Direct Taxes (CBDT). Read more on Dynamite News:

Dynamite News

'Groundhog Day' at IRS: Returns pile up, phone delays worsen

An IRS watchdog says customer service issues are worsening at the tax-return-processing agency

The Independent UK

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AP News Digest 3 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 erases last season's backlog, but still faces 2022 crush

The Internal Revenue Service says that it will have erased its backlog of last season’s tax returns by the end of this week

The Independent UK

How GOP donor Jeff Yass games tax system

Jeff Yass dodged $1 billion in taxes — now he's pouring money to support election deniers

Salon

APT illegally raises millions: complaint

New complaint says Americans for Public Trust is illegally raising millions while airing GOP propaganda

Salon

Millennial Money: 4 items for your midyear money checklist

Heading into the second half of 2022, it’s a good time to pause and check in on your financial life

The Independent UK

Auto review: Super-charged, Super Cruise, super-ute Cadillac Escalade-V is Hulk on wheels

SCOTTSDALE, Arizona — The Cadillac Escalade-V’s specs seem like something out of a Marvel comics creative session: Big as Hulk, seats seven, built on a steel truck frame, cruises on autopilot — yet accelerates from zero to 60 mph in 4.4 seconds, dances on Corvette-inspired magnetic shocks, and stops on…

Tribune News Service

A24 turns the ‘Everything Everywhere All at Once’ butt plug trophy into a candle

Don’t worry, it doesn’t smell how you may think.

Input

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news in one place.

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Tribune News Service

Lawmakers who ran on ‘SALT’ relief prepare to face voters

WASHINGTON — Democrats are short on time to act on a budget package containing much of President Joe Biden’s domestic agenda before November’s midterm elections, which could spell trouble for an issue that’s animated some tight House races before: the cap on deducting state and local taxes.

Roll Call

Lawmakers who ran on 'SALT' relief prepare to face voters - Roll Call

Democrats who previously campaigned on addressing the cap on deducting state and local taxes are running out of time to do so.

Daily Mirror

Logan Paul responds to Floyd Mayweather claiming he has been paid for fight

Logan Paul reasserted his claim that Floyd Mayweather hasn't paid him for their exhibition clash last year, with the YouTube star branding the boxing legend a "punch drunk idiot"

Roll Call

Bipartisan crypto bill outlines regulatory, tax framework - Roll Call

New legislation would treat cryptocurrency as a commodity and give the Commodity Futures Trading Commission regulatory authority.

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news in one place.

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Salon

Dark money fueled Jan. 6 — but whose?

Shadowy "war games" for what happened on Jan. 6 began months earlier — but we still don't know who paid for them

Tribune News Service

Henry Payne: Ford Expedition Timberline, off-road ocean-liner

HOLLY OAKS, Michigan — The skies dark overhead, I splashed through a muddy gulch in Michigan’s most challenging, Holly Oaks Off-Road-Vehicle park. ROARRRR! I charged up a muddy 20-degree incline, the 440-horsepower twin-turbo V-6 engine spinning all four wheels. GRONCH! The front bash plate cushioned the front bumper’s blow over…

Reason

One Year Later, No One Has Been Punished for the IRS Leak of Billionaires' Tax Data

The IRS isn’t just a powerful federal agency, it’s a weapon against the public.

The Times of India

Mumbai: DG-IT investigation M V Bhanumathi who brought many politicians under scanner retires

MUMBAI: Directorate General of Income Tax (Investigation), Mumbai, 1987 batch IRS officer M V Bhanumathi, retired on Tuesday after her over 17-months packed successful tenure that witnessed searching at the premises of senior politicians kin in Maharashtra and controversial raids on film personalities.

The Times of India

Women sweep top 3 in UPSC exam, Delhi student Shruti Sharma 1st

NEW DELHI: Women have aced Civil Services Examination (CSE) 2021 by cornering the top three slots, with history graduate from Delhi’s St Stephen’s College Shruti Sharma No. 1 in the merit list. This is the fifth time in the past 10 years that a woman has secured the top rank.

Zenger

Tele-fraud: Ten Common But Dangerous Phone Scams You Should Know And Avoid

Unwanted phone calls are not only a nuisance, they are also dangerous, but can be avoided.

The Times of India

Sameer Wankhede and controversies: Fake raid & caste certificate, bar licence

MUMBAI: Controversial IRS officer Sameer Wankhede appears to be in trouble as the NCB on Friday gave the clean chit to Aryan Khan, son of actor Shah Rukh Khan, in the drugs case related to the October 2021 cruise ship raid led by him as the agency's Mumbai zonal director.

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