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The Latest Breaking News from IRS

Editorial: Question remains unanswered of why the IRS failed to audit Trump's taxes

A gaping question remains to be answered following the House Ways and Means Committee’s decision to release Donald Trump’s tax returns: Why did the Internal Revenue Service fail to audit Trump’s taxes during the first two years of his presidency, as required by law? There’s a growing mountain of circumstantial…

St. Louis Post-Dispatch

Former US president Donald Trump’s tax returns will finally be released on Friday

The documents to be released are expected to span the six years he ran for and served as president

Evening Standard

House committee expected to release Trump's taxes Friday

Former President Donald Trump’s tax returns are expected to be released by the House Ways and Means Committee on Friday

The Independent UK

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The biggest tax to-dos before 2022 ends

The clock is running out to make big tax-saving moves for 2022.

Fortune

How To Empower Millions of Independent Workers

Deregulation can help the millions of people who prefer flexible, independent jobs.

Reason

IRS holding back nonprofit tax records

If you’re trying to evaluate a charity this year, you might have a hard time

Salon

Trump's loans to kids "raise eyebrows"

Trump's tax returns show he tried to find loopholes to gift taxes and may have exaggerated his losses

Salon

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New RMD Rules: Starting Age, Penalties, Roth 401(k)s, and More

The SECURE 2.0 Act makes major changes to the required minimum distribution rules.

Kiplinger

Trump rails against ‘deranged tax return witch hunt’ in three-minute video rant

Former president calls on the incoming GOP House to obtain Joe Biden’s financial records

The Independent UK

Investment options for those who don’t have access to an employer-sponsored 401(K)

The choices include IRAs, traditional brokerage accounts, and a solo 401(k).

Fortune

4 ways to minimize taxes on your investments

From tax loss harvesting to buy-and-hold investing here are some of the tactics to know.

Fortune

Commentary: New IRS requirements raise questions about vow to only expand audits on rich

Next month, the U.S. Postal Service will be busier than usual. Not because of late Christmas cards or thank-you letters, but because of the extra Form 1099-Ks the IRS will be mailing out.

Tribune News Service

House passes bill to make presidential tax returns public

WASHINGTON — The House passed legislation on Thursday that would require the IRS to publicly release U.S. presidents’ tax returns and swiftly launch audits of their filings, after Democrats moved to make former President Donald Trump’s tax returns public.

Tribune News Service

Nicholas Goldberg: Should Congress post Trump's tax returns publicly? I don't think so

Donald Trump should have released his tax returns when he was running for president, and in not doing so he was deceptive, sleazy and in violation of a long-standing tradition that fosters transparency and honesty. He obviously hoped to hide unfavorable information from the voters.

Los Angeles Times

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The Independent UK

EXPLAINER: What's the debate over releasing Trump's taxes?

Now that the Democratic-controlled House Ways and Means Committee has voted to release former President Donald Trump’s tax returns, there's the potential of additional revelations in the coming days related to the finances of the longtime businessman

The Independent UK

Trump's taxes: House OKs bill on IRS audits of presidents

The House has taken action after disclosures the IRS never full reviewed Donald Trump’s tax returns during his presidency

Reason

Did The Ways & Means Committee Play The Supreme Court On Trump's Tax Returns?

In the long run, the Supreme Court may be less-deferential to House oversight requests.

Roll Call

House passes bill to make presidential tax returns public - Roll Call

The House passed legislation on Thursday that would require the IRS to publicly release U.S. presidents’ tax returns.

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Reason

GOP Lawmaker Blocks IVF Protection Bill

Plus: Diminishing differences in regional attitudes, IRS begins monitoring small transactions, and more…

The Independent UK

AP News Digest 7 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

IRS mandatory presidential audit policy goes under spotlight

An IRS policy governing the audits of tax returns filed by U.S. presidents is under new scrutiny

The Conversation

Is Donald Trump's tax avoidance ethical or honorable? 4 essential reads

The tax records of Donald Trump, details of which were released on Dec. 21, 2022, show the former president used the same aggressive measures to avoid paying high taxes while in office as he did during his business career. Indeed, he paid zero tax in 2020 – the last full…

Los Angeles Times

Five key takeaways from the expected release of Trump’s tax returns

WASHINGTON — After years of refusing to release his tax returns and battling House Democrats’ attempts to obtain them, former President Donald Trump may soon be forced to reckon with tough questions about his finances.

Axios

What the House committee report says about Trump's taxes

Trump reported negative income on his federal tax returns in 2015, 2016, 2017 and 2020.

Salon

Trump and the IRS: It's a dire tale

We can't be sure whether Trump cheated in claiming huge tax losses — but the IRS didn't even bother to investigate

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