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The Latest Breaking News from IRS

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.

Tribune News Service

'SALT' cap foes poised to influence House GOP tax agenda - Roll Call

Republicans from blue districts plan to pressure their slim House majority against a GOP-created limit deductions for state and local taxes.

Roll Call

Trump’s brazen tax cheating revealed

That Trump persisted in using the same fraudulent technique in 6 years of recent tax returns is evidence of intent

Salon

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What is the Gift Tax Exclusion for 2025 and 2026?

Knowing the annual gift tax exemption can save you time and money.

Kiplinger

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…

St. Louis Post-Dispatch

Former US president Donald Trump’s tax returns will finally be released on Friday

The documents to be released are expected to span the six years he ran for and served as president

Evening Standard

House committee expected to release Trump's taxes Friday

Former President Donald Trump’s tax returns are expected to be released by the House Ways and Means Committee on Friday

The Independent UK

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The biggest tax to-dos before 2022 ends

The clock is running out to make big tax-saving moves for 2022.

Fortune

How To Empower Millions of Independent Workers

Deregulation can help the millions of people who prefer flexible, independent jobs.

Reason

IRS holding back nonprofit tax records

If you’re trying to evaluate a charity this year, you might have a hard time

Salon

Trump's loans to kids "raise eyebrows"

Trump's tax returns show he tried to find loopholes to gift taxes and may have exaggerated his losses

Salon

New RMD Rules: Starting Age, Penalties, Roth 401(k)s, and More

The SECURE 2.0 Act makes major changes to the required minimum distribution rules.

Kiplinger

Trump rails against ‘deranged tax return witch hunt’ in three-minute video rant

Former president calls on the incoming GOP House to obtain Joe Biden’s financial records

The Independent UK

Investment options for those who don’t have access to an employer-sponsored 401(K)

The choices include IRAs, traditional brokerage accounts, and a solo 401(k).

Fortune

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Fortune

4 ways to minimize taxes on your investments

From tax loss harvesting to buy-and-hold investing here are some of the tactics to know.

Tribune News Service

Commentary: New IRS requirements raise questions about vow to only expand audits on rich

Next month, the U.S. Postal Service will be busier than usual. Not because of late Christmas cards or thank-you letters, but because of the extra Form 1099-Ks the IRS will be mailing out.

Tribune News Service

House passes bill to make presidential tax returns public

WASHINGTON — The House passed legislation on Thursday that would require the IRS to publicly release U.S. presidents’ tax returns and swiftly launch audits of their filings, after Democrats moved to make former President Donald Trump’s tax returns public.

Los Angeles Times

Nicholas Goldberg: Should Congress post Trump's tax returns publicly? I don't think so

Donald Trump should have released his tax returns when he was running for president, and in not doing so he was deceptive, sleazy and in violation of a long-standing tradition that fosters transparency and honesty. He obviously hoped to hide unfavorable information from the voters.

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The Independent UK

EXPLAINER: What's the debate over releasing Trump's taxes?

Now that the Democratic-controlled House Ways and Means Committee has voted to release former President Donald Trump’s tax returns, there's the potential of additional revelations in the coming days related to the finances of the longtime businessman

The Independent UK

Trump's taxes: House OKs bill on IRS audits of presidents

The House has taken action after disclosures the IRS never full reviewed Donald Trump’s tax returns during his presidency

Reason

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.

Roll Call

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.

Reason

GOP Lawmaker Blocks IVF Protection Bill

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

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

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

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