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The Latest Breaking News from IRS

Our Taxpaying 'Golden Hour' Won't Last: These 4 Urgent Moves Can Help Insulate Your Wealth Before It's Too Late

The growing U.S. deficit can only be controlled by cutting spending, accelerating growth or raising taxes. The latter is a real risk, but you can be prepared.

Kiplinger

The Art of the Deal

The Trump/DOJ Settlement Agreement:—"Utterly stupid, morally wrong."

Reason

Tax Experts Warn U.S. Could Lose Up to $479 Billion in Revenue as Undocumented Immigrants Avoid Filing Taxes Out of Fear

The IRS has estimated that a 1% drop in voluntary tax compliance would result in roughly $46 billion in lost federal tax revenue.

Latin Times

From analysis to the latest developments in health,
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Congress Democrats Grill Treasury Secretary About Trump's $1.8B Anti-Weaponization Fund

Democrats on the Senate Finance Committee asked Treasury and IRS officials to explain their role in an "Anti-Weaponization Fund" for people who claim they were wrongly targeted by the Biden administration.

International Business Times

Short Circuit: An inexhaustive weekly compendium of rulings from the federal courts of appeal

SWAT damage, sloppy briefs, and forced confessions.

Reason

Trump Faced a $100 Million Tax Bill Until the IRS Was Ordered to Stop Auditing Him

Donald Trump's $100 million tax dispute over his Chicago skyscraper ends with a DOJ settlement barring IRS audits, sparking debate over tax accountability and legal precedents.

International Business Times UK

IRS wants to store your biometric data for longer to help in its investigations

New proposals would allow third-party contractor to hold onto U.S. taxpayers’ identifying information for up to three years after their accounts are closed, inviting privacy concerns

The Independent UK

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Boxing Legend Floyd Mayweather Ordered To Pay $1M After Vegas Club Woman Paternity Case

Floyd Mayweather faces significant financial and legal challenges, including IRS liens and a paternity ruling, which threaten his image of wealth and success despite his active exhibition schedule.

International Business Times UK

Donald Trump immunity from IRS audit shocks experts, who warn it could undermine trust in tax system

Donald Trump's tax probes have ended. The Internal Revenue Service agreed to drop all pending investigations into the former president's tax payments. This decision came as part of a settlement for a lawsuit Trump filed over a leak of his tax returns. The agreement grants Trump and his organisation immunity…

The Economic Times

Former TV News Anchor Lost $60,000 After Scammers Promised Her a $5.5 Million Publishers Clearing House Prize

Linda Coble, Hawaii's first female TV news anchor, lost nearly $60,000 to a sweepstakes scam, highlighting the dangers of fraud and the need for public awareness.

International Business Times UK

Trump immunity from IRS audit shocks experts, who warn it could undermine trust in tax system

Donald Trump has a reputation for slashing his taxes using techniques that some experts find aggressive

AAP

The $1.776 Billion in Trump's 'Anti-Weaponization Fund' Fits a Pattern of Fanciful Figures

In one lawsuit after another, the president has claimed damages in amounts completely disconnected from reality.

Reason

The Supreme Court Protected Donor Privacy. The IRS Didn't Get the Memo.

The federal government is still fighting to collect nonprofit donor information despite Supreme Court warnings that such demands chill free speech.

Reason

Trump’s $1.8B ‘slush fund’ appears to violate a mandate created more than a year ago: legal experts

Then-AG Pam Bondi’s memo laid out that the Justice Department should not use settlements ‘to require payments to nongovernmental, third-party organizations that were neither victims nor parties to the lawsuits’

The Independent UK

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The Conversation

Nonprofit fraud: Amid high-profile prosecutions, an accountant explains what’s really going on

Nonprofit fraud is in the news a lot these days.

The Guardian - US

Trump has created a slush fund of taxpayer money to give to his friends

The ‘Anti-Weaponization Fund’ is an extraordinary example of bald self-dealing

The Independent UK

‘Dirty deal’: Trump bailed himself out of IRS trouble and got a $1.8B ‘slush fund’ for allies. Legal experts sound the alarm

IN FOCUS: Anyone cutting checks to Trump’s allies or throwing out tax investigations should start lawyering up, experts tell Alex Woodward

Reason

It's Not Just ICE Stockpiling Weapons—the IRS, EPA, and Other Feds Are Arming Up Too

An armed IRS agent roaming the streets should send shivers down the spine of any freedom-loving American.

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news in one place.

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The Economic Times

Trump’s $1.776 billion IRS settlement sparks debate as critics question legality of the compensation fund

A major legal settlement involving Donald Trump and the IRS faces scrutiny. A $1.776 billion fund for alleged "weaponization" and a ban on auditing Trump's taxes are part of the deal. Legal experts believe challenging this agreement will be difficult. Opponents, including police officers and congressional Democrats, have voiced concerns.

Bangkok Post

US Capitol police sue to stop Trump ‘slush fund’

WASHINGTON - Two police officers have filed a lawsuit seeking to block the Trump administration from creating a compensation fund that could provide payouts to the president’s supporters who attacked the US Capitol on January 6, 2021.

France 24

Police sue to block Jan 6 rioters from payouts via Trump's 'Anti-Weaponization Fund'

Two police officers who defended the US Capitol from a pro-Trump mob on January 6, 2021, filed suit Wednesday to block those who took part in the violence from receiving payouts from a new fund totaling nearly $1.8 billion. The fund, destined for Trump allies claiming political prosecution, was created…

Kiplinger

Don’t Let Taxes Dim Your Retirement: How to Plan Ahead With Your 'Tax Bucket List'

Whether you realize it or not, your money is sitting in three different tax “buckets.” To save on taxes throughout retirement, make sure to fill up your tax-free bucket. Here are two ways to do that.

The Conversation

When a president settles his own lawsuit to create a fund for allies, fundamental questions about justice arise

Thomas Hobbes took a very dim view of rebels and insurrectionists. He believed that insurrectionists relinquish their status as citizens the moment they seek to overthrow the government and should never be rewarded for doing so.

The Independent UK

Trump acquired stock in companies like Disney and Netflix when he made public threats against them

The president has also purchased stocks from companies with business before the administration

The Independent UK

Trump’s ‘slush fund’ faces first lawsuit after two Jan. 6 officers sue

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