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The Latest Breaking News from IRS

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.

Reason

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.

Roll Call

GOP Lawmaker Blocks IVF Protection Bill

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

Reason

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

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 Independent UK

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…

The Conversation

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.

Los Angeles Times

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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.

Axios

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

Salon

Trump taxes expose audit lie, big losses

Tax data shows Trump and Melania paid less than $750 in taxes multiple years in office

Salon

IRS failed to audit Trump’s tax returns during first two years in White House, House committee says

Former IRS commissioner says tax agency was ‘simply outgunned’ and didn’t have resources to review president’s returns

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

SECURE 2.0 Act Summary: New Retirement Savings Changes to Know

The SECURE 2.0 Act makes significant changes to retirement savings plans. Here's what you need to know.

Kiplinger

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

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France 24

US House committee votes to release Trump tax returns to public

A report issued Tuesday by the Democratic-controlled House Ways and Means Committee found that required IRS audits of Donald Trump were delayed, and committee members voted along party lines to also release tax filings of the former president who broke political norms by refusing to release the information on his…

WEKU

The IRS did not audit Trump during his presidency's first 2 years, Democrats say

The findings were announced after a Democratic-controlled committee voted to release a report related to former President Donald Trump's tax returns.

Los Angeles Times

Congressional panel votes to release Trump's tax returns to public

WASHINGTON — A House panel voted Tuesday along party lines to release former President Donald Trump's tax returns, an unprecedented move that marks the culmination of a yearslong legal battle to disclose his financial records.

The Texas Tribune

House committee votes to release Trump tax returns over objections by U.S. Rep. Kevin Brady

Brady, the top Republican on the House tax-writing committee, urged the committee not to release the former president’s records just before it deliberated on what to do with them.

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news in one place.

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Roll Call

House Democrats move to release Trump taxes - Roll Call

The House Ways and Means Committee voted along party-lines to compile a report outlining former President Donald Trump's tax records.

Fortune

Baby boomers have an average of $162,000 in their retirement savings

For boomers who are looking to supercharge their retirement savings, experts suggest saving more in tax-advantaged accounts and delaying cashing in on their social security benefits.

The Conversation

What's program-related investment? A management scholar explains one way that foundations support charities without giving money away for good

Most U.S. foundations seek to preserve the money that funds their grants and operations for the long term. They accomplish this by not giving away more money than they earn as returns on the assets held in their endowments.

Reason

Elon Musk Kicks Tech Journalists, Mastodon Off Twitter

Plus: Sen. Mike Lee wants to remove First Amendment protections for porn, IRS doxxes taxpayers, and more...

Fortune

eBay CEO: ‘I supported the American Rescue Plan–but a little-known provision will hurt millions of Americans who buy and sell used goods online'

If Congress doesn't act, millions of casual sellers could find themselves in trouble with the IRS, says eBay CEO Jamie Iannone.

Tribune News Service

One-week stopgap bill clears as appropriators work to close out omnibus spending package

WASHINGTON — The Senate on Thursday cleared a one-week continuing resolution to keep the government funded through Dec. 23, as Appropriations Committee leaders distributed final spending allocations to their dozen subcommittees to ready a sprawling omnibus package they plan to unveil Monday afternoon.

Chicago Tribune

Billionaire Ken Griffin sues IRS over leaked tax records

Multibillionaire Ken Griffin filed a lawsuit against the IRS Tuesday alleging the agency violated his right to privacy after investigative journalism outlet ProPublica reported in April on the tax records of the Republican megadonor and former Chicagoan.

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