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Congress began moving the bipartisan debt limit package forward Tuesday, though frustrations with provisions in the bill could make for narrow passage in the U.S. House and U.S. Senate. Read more»

President Joe Biden vowed he wouldn’t negotiate with Republicans on raising the debt ceiling, demanding a clean bill without cuts to spending. As it turns out, President Joe Biden will negotiate with terrorists. Read more»

Some groups with ties to the Oath Keepers – an extremist group with leaders who were found guilty of seditious conspiracy connected to the Jan. 6, 2021, attack on the U.S. Capitol – were granted tax-exempt status.

The wide array of U.S. nonprofits includes many media outlets, chambers of commerce and political parties, but the IRS also granted tax-exempt status to extremists, including an Oath Keepers foundation – here’s why that’s not as surprising as it sounds. Read more»

The tax deadline has been pushed back to April 18 this year, giving those leaving it to the last minute a few extra days - but why is Tax Day in April anyway? Read more»

Congress approved the legislation that provided the $80 billion in additional IRS funding in August amid a wave of objections from Republicans who said it would subject taxpayers to increased audits.

The Internal Revenue Service on Thursday detailed its plan to spend $80 billion in additional funding approved last year, including increasing its “focus on segments of taxpayers with complex issues and complex returns where audit rates are minimal today." Read more»

Companies like Venmo, Etsy and Airbnb will be required to issue tax documents to anyone earning more than $600 on their sites.

New rules are going to make sure the Internal Revenue Service gets more information about payments made to apps often used for informal work - and gig workers making at least $600 a year with a side hustle through an online platform should be on the lookout for a 1099-K. Read more»

"I’m incredibly excited for what the future holds and am honored to represent our community in Congress." — U.S. Rep. Juan Ciscomani Read more»

In March 2022, the FTC sued Intuit over deceptive ads for its so-called 'Free' edition.

After both Intuit and H&R Block left the Free File program, the future of the program is unclear, and it’s still difficult to find truly free tax filing options. The IRS created a tool to help you find this year’s Free File options as it looks into creating a public filing system. Read more»

A late-2021 strategy to include the syndication-killer language in Biden’s Build Back Better bill had unraveled at the hands of Arizona Sen. Kyrsten Sinema, then a Democrat, who demanded that it be stripped out as a condition of her critical vote to win passage of the larger measure.

The recently signed $1.7 trillion spending bill could accomplish what six years of IRS audits and DOJ prosecutions could not: shutting down “syndicated conservation easements” that exploit a charitable tax break meant to preserve open land. Read more»

Fireplaces being used inside the U.S. Capitol send smoke into the sky the night of Jan. 6, 2023, as House members prepare for a 14th vote on the selection of a speaker.

The U.S. House adopted rules for the 118th Congress, though several of the concessions Speaker Kevin McCarthy made with more conservative members of the Republican Party to secure the gavel weren’t included in the document, or publicly circulated ahead of the vote. Read more»

Trump is the only president in recent history to have refused to make his tax returns public during his campaign, breaking over four decades of a presidential candidate tradition in which they voluntarily do so.

The House Ways and Means Committee released former President Donald Trump’s tax returns Friday morning, the long-fought result of a campaign over three years in the making. Read more»

This year’s Inflation Reduction Act allocates $80 billion to the IRS over the next decade to boost enforcement, operations, taxpayer services and modernization of technical systems.

If you’re trying to evaluate a charity this year, you might have a hard time as the IRS is behind on releasing Form 990s, limiting access to key financial information the public uses to evaluate the nation’s tax-exempt companies. Read more»

The U.S. Senate sent President Joe Biden a one-week government funding bill late Thursday, giving negotiators a few more days to wrap up talks on what is expected to be a $1.7 trillion package to keep the federal government up and running through September. Read more»

Trump has been attempting to block lawmakers’ access to his taxes since the start of his single term in office.

The Supreme Court declined to shield former President Donald Trump’s tax returns from a congressional subpoena - a battle that began in 2019 when the Ways and Means Committee first requested six years of Trump’s personal and business filings. Read more»

Democratic senators voting against an amendment that said none of the IRS funding in the bill 'may be used to audit taxpayers with taxable incomes below $400,000,' stating the phrase 'taxable incomes' would have shielded 'billionaires' from paying their fair share of taxes.

Republican PACs are using an outdated Congressional Budget Office estimate to falsely claim in ads that Democrats voted to raise taxes by $20 billion on “lower- and middle-income families,” and further misleads voters by claiming the IRS will now go after servers and Uber drivers. Read more»

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