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The Latest Breaking News from IRS

There's Plenty of Evidence of Corruption Around Biden

When talking heads say “no evidence,” they mean “no smoking-gun proof.”

Reason

Rahul Navin appointed in-charge Director of ED

According to an official order, Rahul Navin, a 1993-batch IRS officer, will be in-charge Director of the Enforcement Directorate till the appointment of a regular Director or until further orders. Navin is currently the ED’s special director.

The Hindu

IRS will pause taking claims for pandemic-era tax credit due to an influx of fraudulent claims

The Internal Revenue Service said Thursday it will pause accepting claims for a pandemic-era tax credit until 2024 due to rising concerns that an influx of applications are fraudulent

The Independent UK

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A Little-Known Tax-Free Way To Help Pay Your Student Loan

Employers can provide valuable assistance with employee student loan repayments.

Kiplinger

Santos misses extended deadline to file financial disclosure, blames fear of a 'rushed job'

U.S. Rep. George Santos has missed another deadline to submit a key financial disclosure report to the House Committee on Ethics

The Independent UK

Vivek Ramaswamy proposes mass federal layoffs as more GOP hopefuls look to slash US government

Republican presidential hopeful Vivek Ramaswamy says he wants to reduce the federal employee headcount by half in his first year in office and by 75% during his first term if he makes it to the White House

The Independent UK

Jayaram Raipura transferred out of BBMP

BBMP Special Commissioner (Finance) Jayaram Raipura transferred; Shivananda Kalakeri replaces him. Kalakeri was serving as Special Commissioner, Cane Development & Director of Sugar, Belagavi. Raipura had been actively engaged in BBMP activities, including revamping Indira Canteens.

The Hindu

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Tax Tips for National Preparedness Month

National Preparedness IRS tips can help you protect and secure documents from disasters like storms, hurricanes, and fires.

Kiplinger

Gov. Kemp Georgia Gas Tax Suspension Following Hurricane Helene Ends Soon

Georgians have a few more days break from paying state gas tax at the pump.

Kiplinger

What's ahead now that Republicans are opening an impeachment inquiry into President Joe Biden

House Speaker Kevin McCarthy has launched an impeachment inquiry against President Joe Biden

The Independent UK

The IRS plans to crack down on 1,600 millionaires to collect millions of dollars in back taxes

The IRS is launching an effort to crack down on 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes

The Independent UK

US Treasury, Internal Revenue Service Introduce Comprehensive Set Of Cryptocurrency Regulations

The move shows growing importance of digital assets and the government's commitment to ensuring their transparent and lawful use.

Zenger

IRS is using $60B funding boost to ramp up use of technology to collect taxes − not just hiring more enforcement agents

The Internal Revenue Service is getting a funding boost thanks to the Inflation Reduction Act, which President Joe Biden signed into law in 2022.

The Conversation

N.J. nurses strike gets heated

Striking nurses see health care canceled as $6.6 billon N.J. hospital chain digs in; both sides claim bad faith

Salon

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Kiplinger

Documents You Need to Change When You Get Married: A Checklist

This checklist covers all the financial and legal documents you need to change when you get married.

The Hindu

Data Point | Fly Me to the Moon: A Glimpse into India’s Space Achievements

India made history by becoming the fourth country to successfully land on the moon. ISRO achieved this feat with a cost-effective mission, utilising a longer flight path and less powerful propulsion systems. Five pivotal moments in India’s space history, along with their associated costs, include Aryabhata (launched at no cost),…

Kiplinger

Most Expensive States for Millionaires in 2023

If you earn a lot of money, you may want to avoid these most expensive states for millionaires. Some high earners in these areas could pay income tax rates greater than 50%.

Kiplinger

Hawaii Tax Deadline Extended After Devastating Wildfires

The Hawaii tax deadline has been extended by the IRS following devastating wildfires. Here's what impacted residents should know.

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news in one place.

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The Week

Vivek Ramaswamy: the ‘millennial tech bro’ running for president

The multimillionaire former biotech executive Vivek Ramaswamy took centre stage at the first Republican debate last week as he bids to win his party’s 2024 presidential nomination.

Kiplinger

A Tax Planning Cautionary Tale: Timing and Formalities Are Critical

A business owner learned the hard way (and at great cost) not to dawdle or cut corners when it comes to tax plans involving the sale of a business.

Kiplinger

New Roth 401(k) Contributions Rule Delayed by IRS: What To Know

The IRS is offering relief on new 401(k) catch-up contribution rules for certain high earners. Here’s what it means for you.

The Independent UK

Democrats accuse tax prep firms of undermining new IRS effort on electronic free file tax returns

Congressional Democrats are accusing big tax preparation firms including Intuit and H&R Block of undermining the federal government’s upcoming electronic free file tax return system

Roll Call

Treasury, IRS roll out long-delayed crypto tax reporting rules - Roll Call

The Biden administration on Friday issued proposed regulations to implement a key revenue-raiser from the 2021 infrastructure law.

The Independent UK

What is Donald Trump’s net worth?

GOP contenders, with the notable exception of Donald Trump, are meeting in Wisconsin on Wednesday for their first public showdown as campaign season hots up

The Independent UK

What is Tim Scott’s net worth?

GOP contenders, with the notable exception of Donald Trump, are meeting in Wisconsin on Wednesday for their first public showdown as campaign season hots up

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