Treasury Secretary Scott Bessent refuses to say whether Trump remains exempt from IRS audits
Read full article: Treasury Secretary Scott Bessent refuses to say whether Trump remains exempt from IRS auditsTreasury Secretary Scott Bessent is refusing to say whether President Donald Trump and his family will still receive immunity from IRS audits after the administration abandoned plans for a $1.776 billion compensation fund.
The IRS broke the law by disclosing confidential information to ICE 42,695 times, judge says
Read full article: The IRS broke the law by disclosing confidential information to ICE 42,695 times, judge saysA federal judge said that the IRS broke the law by illegally sharing thousands of taxpayers’ addresses with Immigration and Customs Enforcement.
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Under the stimulus deal, this is who would get checks
Read full article: Under the stimulus deal, this is who would get checksLawmakers struck a $2 trillion stimulus deal early Wednesday that includes sending checks directly to individuals amid the coronavirus crisis-- but it will likely take until at least May before the money goes out. Qualifying income levels will be based on 2019 federal tax returns, if already filed, and otherwise on 2018 returns. The Internal Revenue Service has sent out economic stimulus checks before, and although those plans were slightly different, they can offer some insight into how long the process might take. To get the money to people who don't usually file tax returns, it might have to request that information from the Social Security Administration or Veterans Affairs. Later in 2008, after the economic stimulus checks were sent out, Olson testified before Congress, telling lawmakers that they should fund a new unit within the agency that would be dedicated to facilitating new and emergency initiatives.
