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The Latest Breaking News from IRS

Narasimha Reddy appointed CGST Commissioner

IRS officer Sadhu Narasimha Reddy was appointed Commissioner of the Central Goods and Services Tax (CGST), and orders to this effect were issued on Thursday.

The Hindu

US House Republicans hold first formal Biden impeachment hearing

House Republicans launched a formal impeachment hearing Thursday against President Joe Biden, promising to “provide accountability” as they probe the family finances and lucrative business dealings of his son Hunter and make their case to the public, colleagues and a skeptical Senate.

France 24

House Republicans start making their case for President Biden impeachment inquiry at first hearing

House Republicans are making the case for pursuing an impeachment inquiry against President Joe Biden

The Independent UK

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The first impeachment inquiry hearing into Biden was six hours. Here's what happened

House Committee on Oversight and Accountability Chairman James Comer said the hearing will examine the value of an impeachment inquiry and evidence against President Biden.

WEKU

Here's what House Republicans are alleging in their impeachment inquiry against Biden

House Republicans are claiming President Biden benefited from foreign business deals by his son, Hunter, but they have not yet shown direct evidence of that.

WEKU

What is Vivek Ramaswamy’s net worth?

GOP contenders, with the notable exception of Donald Trump, are meeting in Wisconsin on Wednesday for their first public showdown as campaign season hots up

The Independent UK

Ways and Means votes to release more Hunter Biden documents - Roll Call

The Ways and Means Committee voted along party lines to release additional documents related to the investigation into Hunter Biden’s taxes.

Roll Call

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House Republicans to call witnesses at first Biden impeachment probe hearing - Roll Call

House Republicans plan to have three witnesses testify Thursday at their first hearing on the impeachment investigation of President Biden.

Roll Call

What will this government shutdown shut down? Social Security and the IRS keep going; SBA loans and some food and safety inspections do not

The U.S. is moving toward a government shutdown. House and Senate appropriators are divided on spending levels, policy riders and additional items, such as support for Ukraine.

The Conversation

What Would a Government Shutdown Do to the IRS?

With a government shutdown looming, some wonder how IRS operations will be affected.

Kiplinger

Inherited an IRA? Key Distribution Rules to Know for 2025

Inherited IRA distribution rules have changed in ways that can significantly impact your taxes and tax strategy.

Kiplinger

Hunter Biden sues Rudy Giuliani for 'total annihilation' of digital privacy

The lawsuit alleges that Rudy Giuliani and an associate's actions are unlawful under California law, and it says Giuliani and the associate have refused to return Hunter Biden's data.

WEKU

National Day for Truth and Reconciliation: Exhibit features stolen Kainai children's stories of resilience on Treaty 7 lands

In Canada, when we talk about truth and reconciliation we have a tendency to focus on the Indian residential school system (IRS).

The Conversation

Win for Writers Guild, Loss for AI

Plus: IRS insanity, robocop photo ops, and more...

Reason

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Kiplinger

How Tax Laws and IRS Can Help If You're a Victim of Helene, Milton or Other Federally Declared Disasters

Did you know that, in addition to the tax filing and payment extensions, individuals can deduct some losses attributable to federally declared disasters?

Fortune

Did you earn interest on your high-yield savings account this year? Prepare to pay taxes on it

Interest earned on certain bonds and deposit accounts are taxed like ordinary income.

Reason

IRS Targeting More Supposedly 'High-Income' Americans Than Advertised

Don’t count on that promise to not hike taxes on “people making less than $400,000.”

Fortune

Earn too much for a Roth IRA? You can still score tax-free retirement income with this strategy.

High earners could benefit from conversion, but be mindful of the tax bill.

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100’s of premium titles.
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Fortune

Want tax-free retirement income? See if you should choose a Roth IRA or 401(k).

Both accounts are top-notch ways to save for retirement, but if you have a Roth 401(k) at work, it will likely be the winner.

The Independent UK

Why the power of a US attorney has become a flashpoint in the Hunter Biden case

House Republicans have grilled Attorney General Merrick Garland about the Justice Department investigation of Hunter Biden in a contentious hearing that delved into aspects of the criminal justice system that typically play out long before the case enters a public courtroom

The Independent UK

Hunter Biden whistleblower allegations in question following testimony from new FBI and IRS witnesses

Key claim used by House GOP to justify impeachment inquiry cast into doubt

The Independent UK

Attorney General Garland set to face his GOP critics as Justice Department is under heavy scrutiny

Attorney General Merrick Garland is set to come face-to-face with his most ardent critics as House Republicans prepare to use a routine oversight hearing to interrogate him about what they claim is the “weaponization” of the Justice Department under President Joe Biden

Reason

Spending Other People's Money

Plus: Separating child poverty facts from fiction, EU will ban payments for sperm and blood, and more...

The Independent UK

Hunter Biden has gone on the offensive against Republicans. That could be tricky for the president.

Hunter Biden has gone on the offensive against his Republican critics

Salon

Hunter Biden fires back, sues IRS

Biden accuses IRS agents of “engaging in a campaign to publicly smear” him and unlawfully releasing his tax info

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