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The Latest Breaking News from Internal Revenue Service

IRS nominee Daniel Werfel confirmed by Senate vote

The U.S. Senate has confirmed Daniel Werfel to serve as commissioner of the Internal Revenue Service by a vote of 54-to-42

The Independent UK

Black married couples face heavier tax penalties than white couples, a report says

The report is part of a growing body of research into whether institutions and policies reinforce preexisting racial disparities.

WEKU

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

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IRS urges special refund recipients to delay filing taxes

The Internal Revenue Service is recommending that taxpayers hold off on filing their tax returns for 2022 if they received a special tax refund or payment from their state last year

The Independent UK

Karl Smith: Republican tax proposals aren’t as bonkers as they sound

Among the many concessions Kevin McCarthy agreed to in order to become speaker of the House is one that would give the so-called Fair Tax Act a full hearing on Capitol Hill. To describe the bill as radical would be an understatement. Not only would it abolish the Internal Revenue…

Tribune News Service

What Is the Treasury Department? Responsibilities & History

What Is the U.S. Department of the Treasury?The U.S. Department of the Treasury oversees the management of the U.S. government’s finances and helps to set fiscal policy. The department also collects revenue in the form of taxes via the Internal Revenue Service and raises funds with the sale of ...

The Street

What Is the Internal Revenue Service (IRS)? Definition & History

What Is the Internal Revenue Service?The Internal Revenue Service, better known as the IRS, is the U.S. government agency responsible for collecting taxes from individuals and businesses, enforcing tax laws, and processing tax filings each year. It is also one of the oldest bureaus in operation, ...

The Street

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Tax season 2023 gets underway. Your questions answered

IRS starts accepting and processing 2022 returns on Jan. 23, but last-minute filers will have a little extra time.

Fortune

Cook County Commissioner Sean Morrison took $300K from nonprofit linked to Ken Griffin

Morrison got the money in his tight reelection race from a nonprofit that has financial ties to a PAC funded by the billionaire.

Chicago Sun-Times

Whatever the Fate of the Fair Tax Act, Congress Should Still Abolish the IRS

Getting rid of the much-despised tax agency would be a good idea. It’s unlikely to happen anytime soon.

Reason

Biden Slams House Republican Bill to Abolish IRS: 'Flat Veto'

The President weighs in on a proposal to do away with the Internal Revenue Service, and he does not mince words.

The Street

Alexis Leondis: The IRS needs billions to make trillions

Regardless of how you feel about the Internal Revenue Service — it’s dysfunctional, it’s underfunded, or both — there’s a basic point that’s hard to refute: The current system to ferret out wrongdoers is terrible. And in a move that will only make it worse, House Republicans voted Monday to…

Tribune News Service

How House Republicans will investigate Biden after Democrats probed Trump

WASHINGTON — The new Republican majority in the U.S. House is readying a fusillade of investigations into President Joe Biden, his family and his administration, upholding a key promise of the midterm election campaigns following Democratic-led inquiries of former President Donald Trump.

Tribune News Service

IRS gives drenched Californians an extra month to file tax returns

The Internal Revenue Service offered a lifeboat of sorts Tuesday to California residents and businesses floundering in the atmospheric river: More time to pay their income taxes.

Los Angeles Times

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Reason

Finally Approved as House Speaker, McCarthy Aims To Cut IRS Funding

Plus: More documents showcase government pressure on social platforms, appeals court to reconsider ban on nonviolent felon gun ownership, and more...

Tribune News Service

Trump Tax returns' release might start tit-for-tat battle in Congress, GOP aide says

WASHINGTON — Democrats’ plans to release former President Donald Trump’s tax returns could be the start of a tit-for-tat battle using Internal Revenue Service documents to target political foes, a Republican aide said.

Bloomberg

Trump Tax Returns' Release to Start Tit-for-Tat Battle in Congress, GOP Aide Says

Democrats’ plans to release former President Donald Trump’s tax returns could be the start of a tit-for-tat battle using Internal Revenue Service documents to target political foes, a Republican aide said.

St. Louis Post-Dispatch

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…

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St. Louis Post-Dispatch

Editorial: Decision to release Trump's tax returns doesn't pass the smell test

Democrats on the House Ways and Means Committee were so busy patting themselves on the back after Wednesday’s partisan vote to publicly release former President Donald Trump’s tax returns that they forgot one thing: explaining why this is legally necessary or proper. The vote wasn’t an attempt to uphold the…

Al Jazeera

US House committee votes to make Trump tax returns public

The Democrat-led panel voted in a closed session to release six years of records pertaining to the former president.

Al Jazeera

US Supreme Court paves path to obtain Trump’s tax returns

The decision concludes a three-year legal battle over efforts to obtain the former president’s taxes.

The Independent UK

IRS contractor gets more scrutiny in congressional report

House investigators say a federal contractor that provided identity verification services for the Internal Revenue Service overstated its capacity to perform its services

Irish Independent

Top US judge puts temporary hold on handover of Trump’s tax returns

Chief Justice John Roberts has put a temporary hold on the handover of former president Donald Trump’s tax returns to a congressional committee.

The New Daily

Trump seeks halt to House tax data access

Former US president Donald Trump is trying to stop his tax returns from being handed to a congressional committee.

The Independent UK

Trump asks justices to keep tax returns from House committee

Former President Donald Trump is going to the Supreme Court, again, this time to try to stop his tax returns from being handed to a congressional committee

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