Latest News for: ir finance

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Sell IRS Guns and Ammo to the People

The American Spectator 23 Apr 2025
For another reason the IRS should not have guns, taxpayers might recall the hearings on the “” by the Senate Finance Committee in 1987 ... Selling off IRS guns and ammo could prevent such an outcome, but the measure might need fine-tuning.
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Average tax filers won't feel impact of IRS cuts. Rich will get less scrutiny. | Letters

Milwaukee Journal Sentinel 20 Apr 2025
Many Americans hesitant to file taxes amid IRS workforce cuts, survey finds. Think fewer IRS agents means you won't get audited? Experts say think again ... For most Americans, the staffing cuts will not affect the way the IRS audits their tax returns.
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Illinois House Speaker 'Chris' Welch's charity taking money from donors with a stake in Springfield

Chicago Sun-Times 18 Apr 2025
Welch helped launch Black Excellence in Bleu last year as a tax-exempt 501(c)(4) not-for-profit organization ... The nonprofit is required by the IRS to file an annual report that’s available to the public and provides basic information on its finances.
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Following Trump threats, Harvard may lose tax-exempt status, reports say

Reno Gazette Journal 17 Apr 2025
The personal-finance company Kiplinger said only the IRS can revoke Harvard's status, and it can't be done simply by presidential fiat ... Trump has named Gary Shapley as acting commissioner of the IRS.
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More ‘legalized bribery’ for a Trump MAGA nominee who is lining his pockets?

NJ 17 Apr 2025
President Donald Trump’s pick to lead the Internal Revenue Service (IRS) is under scrutiny for his latest campaign finance disclosures ....
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Of course, Bennet can campaign for governor while serving in Senate (Letters)

Denver Post 17 Apr 2025
... Colorado), Senate Finance Committee (taxation committee with key positions on energy, trade, and oversight of the IRS), and the Senate Intelligence Committee (protecting against threats to America).
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What happens if I don't pay my taxes on time? Here's what the IRS says late filers can do

Kitsap Sun 16 Apr 2025
Experts show how to avoid getting audited by the IRS ... In some cases, the IRS might conclude a taxpayer is unable to pay what they owe and "delay collection" until their finances are in better shape, the agency said.
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Can the president revoke a university’s tax-exempt status?

CNN 16 Apr 2025
CNN’s report that the IRS is making plans to revoke Harvard University’s tax-exempt status the day after President Donald Trump suggested it represents an unprecedented use of presidential power over the tax code.
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Direct File future uncertain as IRS faces deep workforce cuts

Federal News Radio 16 Apr 2025
“I will consult and study the program and understand it better and make sure it works to serve the IRS’ three goals of collections, customer service, and privacy,” Bessent told the Senate Finance Committee on Jan.
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IRS employees expect to learn their layoff fate around Tax Day, their busiest time of ...

News-Press Now 15 Apr 2025
There are the IRS announcements around Tax Day ... This gave consumers and businesses more time to get a handle on their finances as the economy temporarily cratered and gave the IRS staff more time to process returns during an anomalous year.
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Tax Day is Tuesday. Are you ready? Tips for late filers

The Oneida Daily Dispatch 14 Apr 2025
If you have not, the last-minute tax filing tips below, from one San Diego finance professional and the Internal Revenue Service, could make the coming days a little bit less of a drag. Insights from a finance pro ... IRS resources for last-minute filers.
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The wealthiest Arizonans are paying this much in taxes, study finds

Azcentral 11 Apr 2025
GOBankingRates, a personal finance website, calculated the amount that the top 1% pay in taxes in all 50 states using IRS data from 2022, the latest year for which numbers are available ... 2022 IRS data.
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Can't pay your taxes by April 15? You have options, IRS says

NBC Bay Area 11 Apr 2025
However, if you can't cover the full balance, the IRS has payment plans and most taxpayers can qualify, according to the agency. The tax deadline is days away and the IRS is urging taxpayers to file returns on time and "pay as much as they can.".
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Congress Puts Foot Down: Trump Signs Bill Overruling IRS on DeFi

Coin Edition 11 Apr 2025
New Act reverses untenble IRS DeFi rule that stifled innovation, faced opposition ... Hailing the move, Congressman Mike Carey posted “HISTORY MADE,” saying the law removes an undue burden from decentralized finance.
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Killing the IRS DeFi Rule Is an Industry Win — But It’s a Temporary One

CoinDesk 11 Apr 2025
The United States Congress recently voted to repeal the Internal Revenue Service’s (IRS) controversial decentralized finance (DeFi) broker rule, a big win for crypto ... IRS is acting like there is still a fortune in uncollected crypto taxes.

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