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The Latest Breaking News from IRS

‘Firebrand’ Missourian shakes up Ways and Means race - Roll Call

Rep. Jason Smith invokes a populist image for the GOP as he seeks the top Republican spot on the House Ways and Means Committee.

Roll Call

Uihlein kicks in $13.9 million more to defeat Pritzker; $1 million to oppose union rights amendment

GOP mega donor Uihlein’s campaign cash is being used to oppose Illinois Gov. J.B. Pritzker — not promote Republican nominee Darren Bailey.

Chicago Sun-Times

Poll: Most Americans Want Money For New IRS Agents Redirected To U.S. Border Patrol

While there is clear support for lawful immigration, there are also calls for stronger border controls.

Zenger

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How inflation could lower your taxes

COLAs were barely noticed in the era before high inflation, but are now crucial for Americans coping with price increases.

Axios

Court error exposes Trump judge's bias

Judge Aileen Cannon's descriptions of potentially privileged documents are in stark contrast with the actual docs

Salon

U.S. IRS identifies 79 tax fugitives in Mexico, neighbors

The Internal Revenue Service's Criminal Investigation unit said on Thursday it has located 79 tax evasion fugitives in Mexico, Belize, El Salvador, Guatemala and Honduras in the first year of a new extradition initiative.

Reuters

Commentary: Republicans hold cards to ensuring $130B in wasteful spending is cut by end of year

It’s no secret that government spending has been out of control for years. But come December, Congress will have a golden opportunity to stem the tide of red ink.

Tribune News Service

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Inside Mar-a-Lago: Pardons, White House emails, legal bills

WASHINGTON — The thousands of documents recovered from former President Donald Trump’s Florida home included a mix of government, business and personal affairs, including analysis about who should get a pardon, call notes marked with a presidential seal, retainer agreements for lawyers and accountants, and legal bills, according to newly…

Tribune News Service

Throwing Money at the IRS Won't Fix Its Problems

Can the government turn $80 billion into $204 billion? Probably not.

Reason

The tax man is receiving $80bn – but US small businesses shouldn’t worry

Will your small business face greater scrutiny from the IRS? Will your tax bill go up as a result? The answer to both questions: don’t panic

The Guardian - US

IRS Sent $1.1 Billion in Child Welfare Payments to the Wrong People

Possibly the federal government's most efficient pandemic spending effort.

Reason

Ten Multistate Cannabis Companies Owe $500M To The IRS, Says A New Report

An analysis of financial filings by Green Market Report showed that ten publicly traded multistate cannabis companies are carrying over $500 million in federal tax debts.

Benzinga

Conservatives Against Conservation

American Stewards of Liberty campaigns against Biden's conservation efforts, and some question the legality of their lobbying.

Texas Observer

FAFSA season starts: What you need to know for financial aid

The Free Application for Federal Student Aid period opens Oct. 1 for the 2023-2024 school year

The Independent UK

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Liverpool Echo

Mum who was 'life and soul of the party' dies days after returning from holiday

Laura was forced to wait for mental health support due to a lack of sufficient resources

Salon

Olympic abuse scandal: A strange twist

Center for SafeSport is supposed to investigate alleged abusers. But no one has accused Jonathan Little of a crime

Benzinga

Interview: Laguna Labs CEO Responds To SEC Chair's Comments On Regulating Ethereum

At the end of last week, the White House followed up on its March executive order with the "First-Ever Comprehensive Framework for Responsible Development of Digital Assets."

Salon

NY AG's Trump lawsuit just the beginning

AG Letitia James referred evidence found in her probe for investigation by federal prosecutors — and the IRS

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Tribune News Service

Editorial: New York attorney general rightly pursues Donald Trump and his company

That real estate promoter Donald Trump is a shady businessman has been known to New Yorkers for the half-century since the Avenue Z rent collector for his dad, Fred Trump, made his public debut with sleazy lawyer-fixer Roy Cohn at his side. Trump lied about his wealth (he wasn’t as…

The Conversation

New York's $250 million lawsuit against Donald Trump is the beginning, not end, of this case – a tax lawyer explains what's at stake

New York Attorney General Letitia James hit former president Donald Trump with a US$250 million lawsuit on Sept. 21, 2022, citing “staggering” amounts of falsified business information and fraud.

Axios

New York AG refers Trump family to federal prosecutors and IRS

Trump now faces legal peril in at least three distinct cases.

Kiplinger

Educator Expense Deduction for 2024: What to Know

Some educators can deduct out-of-pocket expenses for classroom supplies when they file their federal returns.

WEKU

The morning ritual that keeps our new Life Kit host grounded

Marielle Segarra explains how she starts her day — and shares her favorite Life Kit episodes, life hacks and why she's excited to talk about money and finance on the podcast.

Tribune News Service

Yellen defends IRS cash infusion, plugs customer service plans

WASHINGTON — The IRS will use part of its new $80 billion influx of cash to fully staff in-person help centers, increase phone and online services and assemble a team of experts to guide the agency’s customer service efforts, Treasury Secretary Janet L. Yellen announced Thursday.

Tribune News Service

Biden likely to nominate estate-tax expert as IRS’s top lawyer

President Joe Biden is likely to nominate Beth Kaufman, a partner at the law firm Caplin & Drysdale, to be the top lawyer at the Internal Revenue Service as the White House prepares to overhaul the agency’s leadership, according to people familiar with the matter.

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