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The Latest Breaking News from Charles Rettig

Promise-Breaking IRS

Plus: Ethan Mollick on AI, Nancy Pelosi's kente cloth, hurricanes may destroy us all, and more...

Reason

IRS nominee: No audit boost for households under $400,000

President Joe Biden's nominee to lead the Internal Revenue Service says that, if confirmed, he will commit to not increasing tax audits on businesses and households making less than $400,000 per year

The Independent UK

IRS nominee faces herculean challenge of modernizing agency

A familiar face is positioned to take on the monumental task of rebuilding the understaffed and underappreciated IRS

The Independent UK

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

How Congress cracked down on tax scam

New law shuts down “syndicated conservation easements” that exploit charitable tax break meant to preserve lands

Salon

House GOP kicks off majority with vote to slash IRS funding

House Republicans have began their tenure in the majority by passing a bill that would rescind nearly $71 billion that Congress had provided the IRS

The Independent UK

McCarthy vows to repeal IRS funding

The proposal has little chance of passing in the Senate, but could be used as leverage by the GOP later this year

Salon

IRS to review security at facilities as threats from extremists increase

The security assessment will be first of its kind since the 1995 Oklahoma City Bombing following far-right chatter online

The Guardian - US

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IRS launches security review following GOP conspiracy theories about armed agents targeting Americans

Experts say that Republican claims about the service have put its agents in danger

The Independent UK

Manchin Rebuts Elon Musk, Michael Burry On The Biden IRS Funds: Here's What The New Inflation Bill Actually Does

President Joe Biden signed into law a massive budget reconciliation bill this week known as the Inflation Reduction Act of 2022.

Benzinga

The IRS just got $80 billion to beef up. A big goal? Going after rich tax dodgers

The big climate and health care bill passed by the House Friday includes billions in new funding for the IRS over the next decade. Most of that money is aimed at catching wealthy tax cheats.

WEKU

Don't Believe the White House's Promises About Who the New IRS Will Audit

Media "fact-checkers" are taking administration promises at face value and using them to bludgeon Republicans.

Reason

Biden team pushes to allay concerns about tax enforcement funds

US Treasury secretary directs IRS chief against using new resources to audit more households making less than $400,000.

Al Jazeera

IRS Controversially Claims Hiring 87,000 New Agents Won't Mean Higher Audit Rate for the Middle Class

So why do Democrats keep equivocating on the point that households making under $400,000 may be targeted for more audits by an expanded IRS?

Reason

Tougher IRS enforcement central to Dem economic package

One of Washington’s favorite punching bags, the Internal Revenue Service, may finally get the resources it’s been asking Congress for if Democrats get their economic package focused on energy and health care over the finish line

The Independent UK

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WEKU

IRS head is getting questioned by lawmakers after former FBI officials were audited

IRS Commissioner Charles Rettig, who was appointed by President Trump in 2018, will face questions behind closed doors from lawmakers in the House and Senate before the end of the month.

Salon

Did Trump IRS "target" Comey, McCabe?

Comey and McCabe suspiciously both faced audits targeting just 1 in 30,000 people each year

McClatchy Washington Bureau

¿Cuándo recibirá su reembolso fiscal? He aquí por qué tardaría más de lo habitual

WASHINGTON — Si presentó su declaración de impuestos federales sobre la renta electrónicamente antes de la fecha límite del lunes y, si recibe un reembolso, debería recibirlo antes del 9 de mayo.

McClatchy Washington Bureau

When will you get your federal tax refund? Here’s why it could be a longer wait than usual

WASHINGTON — File your federal income tax return electronically by Monday's deadline, and if you’re getting a refund, you should get it by May 9.

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Reason

Americans Will Spend 6.5 Billion Hours on Income Taxes This Year

The IRS takes not only your money, but a lot of your time.

People

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EITC

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