Tag Archives: irs

The IRS this week is sending millions of Americans letters about delinquent taxes. In a recent statement, the federal tax agency said the automated letters and “collection notices” to people with tax ...

The U.S. will not default, at least for now, after the U.S. Senate passed the Fiscal Responsibility Act of 2023. President Joe Biden is expected to sign the measure, which passed 63 ...

A former manager of Ensign Peak Advisors, the investment arm of The Church of Jesus Christ of Latter-day Saints, has accused the church of using the money as a “clandestine hedge fund.” ...

Earlier this month, the U.S. Internal Revenue Service (IRS) published its 2022 Data Book, a massive collection of filing data, compliance activities, and other statistics covering the nation’s tax base. The 82-page ...

Concerns about President Biden and his family profiting from his position increased after members of Congress viewed relevant documents at the U.S. Treasury Department this week. House Oversight Chairman James Comer, R-Ky., and ...

The U.S. government collected a record amount of taxes from Americans but will increase the monitoring of bank accounts and mobile payment systems to collect more. The IRS says in its newly ...

With the tax filing deadline fast approaching, the changes made by the IRS are under closer scrutiny. Here’s a list of what’s new concerning tax limits, standard deductions, credits and more. Standard ...

Millions of Americans are eligible for a tax credit that last year averaged more than $2,000, according to a statement just relased by the IRS. Some 20 percent of those entitled to ...

The IRS and federal income taxes could be abolished by legislation soon to be put forth by Congressional Republicans. Both would be replaced by a simple national consumption tax. Rep. Buddy Carter (R-Ga.) will ...

Critics of Donald Trump have long accused the former President of profiting from his time in office. Democrat-led House Ways and Means Committee released his tax returns on Friday after a lengthy ...

America is certainly not China or North Korea when it comes to censorship and suppressing free speech. But we are not nearly as free as we thought we were. The events of ...

One of the most overlooked, but perhaps most important, aspects of income planning is taxes and how they relate to retirement and Social Security. Taxation on Social Security benefits works differently than ...

As the filing deadline nears, the U.S. Internal Revenue Service continues to experience delays in processing last year’s tax returns. Millions of tax returns and filings are still backlogged, including those in ...

When it comes to giving during retirement, there is one place that many are likely giving far more than they should: the Internal Revenue Service. As we’ve pointed out in previous articles ...

Taxpayers can expect frustration and long delays Treasury Department officials warned on Monday, blaming it on the pandemic and low staffing levels. But economists say the real reason is the new Democrat ...

CNN reports that Vice President Kamala Harris will be featured in a partisan Democrat campaign video distributed to churches just before an important election. The message, which is against IRS regulations, urges ...

If the Democrat-controlled Congress enacts invasive new bank financial reporting rules, Missouri Treasurer Scott Fitzpatrick will not comply. The proposal being pushed by the Biden administration requires financial institutions to report information ...

In May, the Treasury Department released the Biden administration’s revenue proposals for fiscal year 2022. One aspect of this document that has gone under-reported is the administration’s new plan for reporting requirements for ...

The IRS is backtracking after initially denying tax-exempt status to a Texas prayer organization. Stephen K. Martin, director of exempt organization rulings and agreements, had earlier cited a claim that prayer and ...

Religious rights groups are being joined by Congressional Republicans questioning growing attacks by the IRS against Christian non-profits and churches. The criticisms come after a Texas prayer group was denied tax-exempt status ...

In what could be a new crackdown on religious freedom by the Biden administration, the IRS has denied tax-exempt status to a Texas group that encourages church members to pray for state ...

The IRS is reminding taxpayers that criminals and scammers often try to take advantage of generous taxpayers who want to help disaster victims. Everyone should be vigilant. These scams often pop up ...

Bishop James V. Johnston Jr. of the Kansas City-St. Joseph Diocese is under fire for a letter he wrote encouraging Catholics to vote for pro-life candidates. The letter does not explicitly tell ...

With millions of Americans now receiving taxable unemployment compensation, many of them for the first time, the Internal Revenue Service is reminding people receiving unemployment compensation that they can have tax withheld ...

In an on-going investigation, the Reuters news agency has learned that the entire Falwell family may have profited from their association with Liberty University. The investigation’s goal is to sort out and ...