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The Latest Breaking News from IRS

Simplify the Tax Code Instead of Creating an IRS Rival to TurboTax

Americans collectively spend billions of hours each year preparing their taxes. Rather than adding a government-run website into the mix, politicians should just simplify the tax code.

Reason

Stocks Rise on Optimism About the Debt Ceiling

The S&P 500 Index ( $SPX ) ( SPY ) is up +0.09%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is up +0.01%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is up +0.35%. U.S. stock index futures this morning are moderately higher...

Barchart

Stocks Mixed as Hawkish Fed Comments Push Bond Yields Higher

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.05%. U.S. stocks this morning gave up an early advance...

Barchart

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Would you trust the IRS to prepare your taxes? Upcoming report could lead to government-run tax prep option

Pending report could set off a number of fights.

Fortune

Mormon church has $100bn ‘clandestine hedge fund’, says whistleblower

Former church investment manager claims funds were intended for charity work but spent on for-profit initiatives as a tax dodge

The Guardian - US

Markets Today: Stocks Slide Despite Optimism About the Debt Ceiling

The S&P 500 Index ( $SPX ) ( SPY ) is down -0.31%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is down -0.35%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is down -0.11%. U.S. stock index futures this morning are moderately lower...

Barchart

Markets Today: Stocks Climb on Debt Ceiling Optimism

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.17%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.15%. U.S. stock index futures this morning are moderately higher on hopes a deal on the debt ceiling can be reached. President Biden will reconvene with...

Barchart

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It's Been 10 Years Since the IRS's Tea Party Scandal. Will Congress Finally Act?

The partisan and constitutional dangers of letting the IRS police speech are simply too great.

Reason

Santos isn’t the first member of Congress indicted. Here’s how others ended up - Roll Call

Here's what happened in past cases of members of Congress who were indicted in office, as New York Republican George Santos was Wednesday.

Roll Call

Federal bank records emerge as focus of GOP's Biden probes

House Republicans are facing growing pressure to show progress in their investigations

The Independent UK

Bethenny Frankel Slams Kim Zolciak And Kroy Biermann After News They Owe The IRS A Million Broke

Bethenny Frankel had a lot to say about Kim Zolciak and Kroy Biermann's recently revealed money problems.

Cinemablend

Bethenny Frankel slams Kim Zolciak and ex Kroy telling them to 'pay their f***ing bills'

Real Housewives of New York City star Bethenny Frankel has demanded her co-star Kim Zolciak and her ex-husband Kroy Biermann "pay their f***ing bills" as they demand privacy amid their divorce

Daily Mirror

Kim Zolciak and Kroy Biermann 'still living together' after divorce over 'money woes'

Real Housewives of New York City star Kim Zolciak is reportedly still living with her husband Kroy Biermann despite filing for divorce from the former NFL star earlier this week

Daily Mirror

Buffalo Bills' Damar Hamlin says he will put the millions raised into his charity

The decision begins the 25-year-old's plan for the unprecedented outpouring of support that he received after his heart stopped following a tackle during a "Monday Night Football" game in January.

WEKU

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news in one place.

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Cinemablend

Kim Zolciak And Kroy Biermann Divorce News Drops, Looks Like The Couple Owes The IRS A Bunch Of Moolah

As Kim Zolciak and Kroy Biermann head towards divorce, it looks like they're also in trouble with the IRS.

Kiplinger

TurboTax Settlement Checks Headed to 4.4 Million Customers

Millions of Intuit TurboTax users will begin receiving settlement checks in the mail this week. Here's what you need to know.

Kiplinger

Is High-Yield Savings Account Interest Taxable?

Think a high-yield savings account is a good idea? Don’t forget taxes on savings account interest.

The Guardian - US

White House prepares for possible charges against Hunter Biden

Federal prosecutors’ investigation into possible crimes involving taxes and gun purchase appears near completion

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The Hindu

IRS body condemns killing of officer by mob in Manipur

The Indian Revenue Service (IRS) Association has condemned the killing of an income tax officer by a mob in violence-hit Manipur. The IRS officer’s death followed that of Chonkholen Haokip, a CRPF constable of the force’s elite CoBRA unit who was on leave.

The Independent UK

AP News Digest 3:40 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.

The Independent UK

Faster IRS offering better picture on looming debt 'X-date'

That big infusion of cash that Congress approved last year to shape up the beleaguered IRS is having an unexpected side benefit

WEKU

He's trying to fix the IRS and has $80 billion to play with. This is his plan

There are two competing trends: The population of the U.S. has grown at the same time as the workforce of the IRS has shrunk. A 10-year, $80 billion plan aims to tackle the agency's troubles.

Kiplinger

Low-Tax States Gain Residents From California and New York

IRS data show taxpayers are leaving high-tax states like California and New York and moving to low-tax states.

Roll Call

Tax pledge’s father bestows blessing on GOP debt limit package - Roll Call

Grover Norquist says his group determined a debt limit bill wouldn’t raise taxes, which helped Speaker Kevin McCarthy secure a narrow win.

Kiplinger

IRS Relief for Florida Comes as Lawmakers Mull Major Tax Cuts

Residents impacted by recent severe Florida storms have an extended IRS tax deadline.

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