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The Latest Breaking News from IRS

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

‘We feared for our lives’: Mother of alleged victim testifies in R. Kelly trial

CHICAGO — A mother whose young daughter was allegedly sexually assaulted by R. Kelly on videotape in the 1990s testified Monday that Kelly threatened them and sent them out of town after the allegations of abuse first surfaced more than 20 years ago.

Chicago Tribune

Jurors in R. Kelly trial see evidence of alleged payoffs for cover-up scheme

CHICAGO — An IRS agent on Monday spent nearly three hours walking jurors in R. Kelly’s federal trial through a network of payments made by the R&B superstar’s various companies as part of an alleged scheme to cover up the sexual abuse of minors.

Chicago Tribune

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Are 87,000 New IRS Agents Coming for Your Tax Dollars?

Billions in funding for the IRS has some people worrying about IRS agents and audits.

Kiplinger

Clive Crook: Want a better IRS? Simplify the tax code

One of the most conspicuous parts of the tax-and-spending package known as the Inflation Reduction Act is vastly expanded funding for the Internal Revenue Service. The promised flood of cash — an additional $80 billion over 10 years, compared with baseline annual spending of around $15 billion — raises some…

Tribune News Service

Treasury Dept. debunks armed agent rumor

"Deeply dangerous nonsense," says representatives regarding the rumor

Salon

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

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Fact-Checking Industry Continues Providing Cover for White House's Unbelievable IRS Claims

"Most" new IRS hires, claims a gullible FactCheck.org, "will provide customer services."

Reason

NOT REAL NEWS: A look at what didn't happen this week

Social media users shared a range of false claims this week

The Independent UK

Armed ... auditors? The IRS becomes the latest target of GOP misinformation

Some Republicans have spread false information about how new funds will be used by IRS, stoking outrage and alarming experts

The Guardian - US

Commentary: The deceptive marketing of the 'Inflation Reduction Act'

The so-called Inflation Reduction Act is one of the greatest examples of deceptive marketing around today. Not only will the legislation fail to reduce inflation, it will further increase prices.

Tribune News Service

For the first time in 20 years, teachers can deduct more for school supplies

Eligible educators include K-12 teachers, principals, teachers' aides or counselors who spend more than 900 hours at the school during the academic year.

WEKU

Editorial: Growing the IRS, growing government

Democrats who want to spend more money than a reasonable government budget will allow often talk about “improving tax compliance” and the “tax gap,” suggesting that there really is enough money to pay for lots of new spending if only the tax code was enforced more aggressively.

The Orange County Register

Jury to hear opening statements at R Kelly trial in Chicago

Opening statements are giving prosecutors and R. Kelly’s attorneys their first chance to address jurors directly about charges that accuse the R&B singer of enticing minors for sex, producing child pornography and rigging his 2008 pornography trial

The Independent UK

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The Hindu

Biden signs landmark health, climate and tax bill into law

The legislation includes some $375 billion over the decade — and would cap prescription drug costs at $2,000 out-of-pocket annually for Medicare recipients

Los Angeles Times

Biden signs climate, drug prices bill into law, another legislative triumph in a moment of democratic peril

WASHINGTON — At a moment when American democracy looks increasingly vulnerable, President Joe Biden and Democrats pointed to their third landmark bill as evidence that American government is working once again.

Chicago Sun-Times

What’s in big Biden bill? Health, climate goals become law

Democrats’ “Inflation Reduction Act” may not do much to immediately tame inflationary price hikes. But the package, an election year turnaround after loftier versions collapsed, will touch countless American lives and secure longtime party goals.

Al Jazeera

Biden signs $740bn health, climate, tax ‘Inflation Reduction Act’

The sweeping legislation includes the largest investment to fight climate change in US history.

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USAFacts

How will the Inflation Reduction Act change the IRS?

The Inflation Reduction Act would double the number of employees and expand the auditing capacity of the IRS.

Roll Call

Biden signs major climate, health care and tax bill into law - Roll Call

President Joe Biden signed major legislation aimed at fighting climate change and lowering health care costs.

The Independent UK

What's in big Biden bill? Health, climate goals become law

President Joe Biden arrived at the White House promising to “build back” America, and on Tuesday he's signing into law legislation with a slimmer version of that idea

Salon

Kari Lake relishes "Big DeSantis Energy"

Far-right Arizona candidate honors Ron DeSantis' manly attributes — oh, and embraces his extremist agenda too

InsideEVs

VinFast To Give Buyers $7,500 Discount If Federal Tax Credit Denied

VinFast buyers who are denied the tax credit even though they signed a binding contract with the automaker will automatically qualify for the $7,500 discount.

Tribune News Service

Community health centers’ big profits raise questions about federal oversight

DARLINGTON, South Carolina — Just off the deserted town square, with its many boarded-up businesses, people lined up at the walk-up pharmacy window at Genesis Health Care, a federally funded clinic.

Tribune News Service

Commentary: Stop scapegoating the IRS

The ink is barely dry on the recently enacted Inflation Reduction Act, which allocates $80 billion over 10 years to help modernize IRS technology systems and provide more effective tax enforcement and collection. Yet already, Republican critics like Sen. John Thune of South Dakota are complaining that the needed funds…

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