Biden admin proposes reporting customer bank accounts to IRS, faces protests 

U.S. 09/22/21, 16:36

The Biden administration has released a proposal to empower the IRS to monitor transactions going into and out of personal and business bank accounts, raising concerns about Americans' right to privacy. Accordingly, banks would be required to turn over to the Internal Revenue Service (IRS) detailed information on all deposits and ...

IRS will not pay for bipartisan infrastructure bill says GOP Sen. Portman

U.S. 07/20/21, 17:16

Proposed tougher tax enforcement rules will not be introduced to fund a $1.2 trillion infrastructure bill, a Republican from Ohio said. Sen. Rob Portman confirmed a major Internal Revenue Service (IRS) revenue-raising measure will not be adopted to pay for the bipartisan bill. Portman revealed his GOP colleagues do not like involving ...

Bipartisan infrastructure bill will drop IRS funding provision says GOP Sen. Portman

U.S. 07/19/21, 18:33

A $1.2 trillion infrastructure bill will exclude proposed tougher tax enforcement, a Republican from Ohio said. Sen. Rob Portman is deeply concerned about his colleagues sacrificing a major Internal Revenue Service (IRS) revenue-raising measure, to rescue a bipartisan deal with the Democratic Party. Portman believes it is important to hold suspected tax ...

New Probe This Week: Baltimore State’s Attorney Marilyn Mosby and her husband City Council President Nick Mosby

U.S. 03/22/21, 04:34

According to a congressional subpoena released by The Baltimore Sun, federal prosecutors have launched a criminal investigation into Baltimore City Council President Nick Mosby and State's Attorney Marilyn Mosby, subpoenaing her campaign and the couple's business records. Tax returns, bank accounts, credit card statements, loan papers, and canceled checks were among ...

Trump attorney says IRS cannot legally release tax returns

Politics 04/05/19, 17:10

An attorney representing President Donald Trump argued Friday that a request for the president's tax returns "would set a dangerous precedent" if granted and that the IRS cannot legally divulge the information. Rep. Richard Neal, the Democratic chairman of the House Ways and Means Committee, has formally asked the Internal Revenue ...

APNewsBreak: ‘Alt-right’ group regains IRS tax-exempt status

U.S. 10/04/18, 11:06

The Internal Revenue Service has reinstated the tax-exempt status of a nonprofit operated by white nationalist Richard Spencer, who has been banned from using mainstream online platforms to raise money.Spencer's Alexandria, Virginia-based National Policy Institute Inc. automatically lost its tax-exempt status as a 501(c)(3) nonprofit more than a year ago ...

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