New Internal Revenue Service (IRS) guidelines for the federal electric vehicle (EV) tax credit are a “recipe for fraud,” warns the head of the Tax Foundation.
Consumers will now be able to automatically claim the tax credit at the point of sale on new or used EV purchases, rather than wait to claim it on their tax return, according to the latest Treasury Department guidance.
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The IRS is investigating the tax-exempt status of the American Accountability Foundation (AAF) following its reporting on President Joe Biden’s nominees, several of whom withdrew their nominations, according to a letter obtained by the Daily Caller News Foundation.
The IRS is requesting AAF submit internal financial data as well as communications, including meeting notes, publications and newsletters, according to the letter from the IRS to AAF obtained by the DCNF. The conservative nonprofit organization, which the IRS approved for tax-exempt status in August 2021, alleges the investigation is in retaliation for the AAF reporting on several recent Biden nominees who later withdrew their nominations.
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The IRS commissioner announced last month that the agency will now deploy artificial intelligence in pursuit of “wealthy tax cheats” who are using partnership structures to pay “little to no tax.” But the announcement’s logic doesn’t pass the smell test — the real intent seems to be to intimidate successful small businesspeople away from using legal tax minimization strategies.
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An IRS agent showed up at the door of a Marion County, Ohio, woman and lied about his reason for being there.
Once inside, the Internal Revenue Service agent, purporting to be named Bill Haus, began to harass and intimidate the taxpayer, according to a congressional report released Friday.
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The Internal Revenue Service recently awarded a lucrative contract to help modernize its computer databases to the same Washington firm, Booz Allen Hamilton, that employed the man who pleaded guilty last week to stealing and leaking thousands of private tax returns of wealthy Americans, including former President Trump, according to records reviewed by RealClearInvestigations.
The massive IRS theft is the third major breach of confidential and classified government information by Booz Allen contractors over the last decade – including Edward Snowden’s 2013 leak exposing the National Security Agency’s worldwide anti-terror surveillance program.
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The Internal Revenue Service (IRS) announced new enforcement initiatives Friday to crack down on 1,600 millionaires and 75 large companies it said owe hundreds of millions in unpaid taxes.
IRS Commissioner Daniel Werfel said the agency will use Inflation Reduction Act funding to focus on high-income earners, partnerships, large corporations and promoters. He said the IRS won’t increase audit rates for those earning less than $400,000 a year.
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The Internal Revenue Service lost millions of taxpayer records and federal employees don’t know where they have gone.
Lawmakers want answers and accountability for the IRS over those documents, which could be used by nefarious actors to steal Americans’ identity.
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A complaint filed with the Internal Revenue Service (IRS) alleges that the founder of the largest Democratic dark money network in the country is using its operations for his own financial benefit.
Fox News reports that the complaint was filed on Tuesday by Americans for Public Trust (APT), and targets any entities that are affiliated with Arabella Advisors, a consulting firm based out of Washington D.C. which manages numerous nonprofits serving as fiscal sponsors for left-wing dark money groups.
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The IRS on Monday said it is ending its decades-long practice of agency revenue officers making unannounced visits to taxpayers, citing concerns over agent safety and an increase in scammers.
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Several Republican lawmakers have introduced legislation which would disarm enforcement agents from the Environmental Protection Agency (EPA), the Department of Labor (DOL) and the Internal Revenue Service (IRS).
Republican Rep. Clay Higgins of Louisiana introduced the No Funds for Armed Regulators Act of 2023 on June 30, joined by seven co-sponsors. The bill would disallow the use of taxpayer dollars to hire or retain armed regulatory enforcement agents in the EPA, DOL and IRS if it becomes law.
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