Keyword: irs

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  • Mnuchin says U.S. government would shield Trump tax returns from Congress

    03/14/2019 1:44:00 PM PDT · by blueplum · 16 replies
    Reuters ^ | 14 Mar 2019 | Jason Lange
    WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Thursday that he would shield President Donald Trump’s tax returns from Congress, during remarks that could signal the administration’s approach to an expected request from congressional Democrats. … “I’m not aware if there’s ever been a request for an elected official’s tax return,” Mnuchin said in response to questions from Democratic Representative Lloyd Doggett, a member of the House Ways and Means Committee. “But we will follow the law and we will protect the president as we would protect any individual taxpayer under their rights.”
  • 5 weird tax deductions the IRS has allowed

    03/07/2019 9:31:48 AM PST · by Red Badger · 16 replies
    CNBC ^ | 03-07-2019 | Darla Mercado
    Key Points Normally you can’t take a tax break for your pet but, under select circumstances, you might be able to. The IRS once allowed an exotic dancer to deduct the cost of breast implants. Is your pet a social media influencer? You just might be considered a small business. ============================================================== You probably know by now that charitable deductions are tax-deductible. But how about the cost of caring for your pet? Or your kid’s clarinet lessons? In select cases, the IRS has permitted taxpayers to deduct off-beat expenses on their tax returns. Here’s the key: Those costs must meet certain...
  • Agencies like the EPA and IRS still stockpiling guns, ammo while Dems push to disarm the public

    03/04/2019 3:46:54 PM PST · by SleeperCatcher · 37 replies
    The National Sentinel ^ | 3/4/19 | J. D. Heyes
    President Donald Trump has certainly brought some welcome relief to Americans in the form of curbing federal regulations, but he has a lot more to do — as do his Cabinet appointees — in terms of, shall we say, ‘defanging’ several agencies. They include the Internal Revenue Service (IRS), the Environmental Protection Agency (EPA), and others that have been weaponized, literally, to ‘deal with’ — not serve — the American people. As Conservative Review reports, the IRS itself has 15 “submachine guns” and some 5 million rounds of ammunition on hand, but the tax collection agency is far from the...
  • As Tax Season Rolls On, IRS Still Reporting Fewer Returns & Smaller Refunds

    02/27/2019 8:52:34 AM PST · by SeekAndFind · 44 replies
    Forbes ^ | 02/27/2019 | Kelly Phillips Erb
    The tax season appeared to be off to a slow start when it opened last month, with initial statistics showing fewer returns filed and smaller refunds issued. While the numbers from the Internal Revenue Service (IRS) were down, expectations were still high. However, a few weeks later, the data is again raising eyebrows: across the board, fewer taxpayers have filed tax returns and refund numbers remain underwhelming. Tax season opened on January 28, 2019. Three weeks into the season (week ending February 15, 2019), the IRS has received 39,747,000 individual income tax returns. That compares with 41,738,000 individual income tax...
  • IRS agent admits giving Michael Cohen's financial records to Stormy Daniels' lawyer

    02/25/2019 6:22:26 PM PST · by 2ndDivisionVet · 23 replies
    NBC News ^ | February 21, 2019 | Andrew Blankstein, Tom Winter and Sarah Fitzpatrick
    Federal prosecutors say an IRS investigator in California has admitted leaking confidential details of financial transactions by former Trump attorney Michael Cohen to Michael Avenatti, lawyer for Stormy Daniels. John C. Fry has been charged in federal court with searching for and disseminating Suspicious Activity Reports (SARs), reports filed by banks when they note potentially suspicious transactions. Federal officials say they found telephone records that indicate Fry placed a phone call from his personal cell phone to that of Stormy Daniels’ attorney Michael Avenatti the day before Avenatti released details of Cohen's financial transactions, and the day after. The federal...
  • US Christian who refuses to pay taxes until abortion is defunded has first big win in court

    02/25/2019 6:42:36 AM PST · by Beave Meister · 15 replies
    Lifesite News.com ^ | 2/18/2019 | Calvin Freiburger
    COLUMBIA CITY, Oregon, April 18, 2018 (LifeSiteNews) – Like 60% of Americans, Michael Bowman opposes taxpayer funding of abortion. Unlike most Americans, he is currently squaring off against the Internal Revenue Service to avoid doing so. Bowman is a 53-year-old Christian and contract engineer in Columbia City, Oregon. He has refused to file a tax return or pay taxes since 1999, The Oregonian reports, citing the federal government’s funding of the abortion industry. "I'm not a tax protester. I love my country,” he told the paper. “I have a duty to my country. I have a duty to my conscience.”...
  • IRS worker in SF illegally leaked records of Trump fixer Michael Cohen, prosecutors say

    02/23/2019 9:04:55 AM PST · by artichokegrower · 44 replies
    San Francisco Chronicle ^ | Feb. 22, 2019 | Gwendolyn Wu and Bob Egelko
    An Internal Revenue Service analyst in San Francisco was the source of government records showing that Michael Cohen, when he was President Trump’s personal lawyer, funneled millions of dollars from foreign companies, as well as an alleged hush-money payment, into Cohen’s illegal shell company, federal prosecutors charged Thursday.
  • IRS Intelligence Analyst John Fry Charged With Leaking Cohen Financial Records to Creepy Porn Lawyer

    02/21/2019 5:15:41 PM PST · by detective · 24 replies
    Conservative Treehouse ^ | February 21, 2019 | sundance
    You might remember back in May 2018 when sketchy porn lawyer Michael Avenetti was releasing U.S. Treasury notifications on Michael Cohen received from an unknown source within the Treasury Department. You might also remember when New Yorker’s Ronan Farrow wrote a sympathetic article after talking to the leaking treasury official. As a result the Treasury Inspector General began an investigation. John C. Fry, 54, was an intelligence analyst with the IRS’s law enforcement arm in San Francisco. According to the North California U.S. Attorney’s Office (full pdf below) after searching for IRS activity reports related to Michael Cohen, Mr. Fry...
  • IRS agent admits giving Michael Cohen's financial records to Stormy lawyer

    02/21/2019 1:37:25 PM PST · by Oldeconomybuyer · 40 replies
    NBC News ^ | February 21, 2019 | By Andrew Blankstein and Tom Winter
    Federal prosecutors say an IRS investigator in California has admitted leaking confidential details of financial transactions by former Trump attorney Michael Cohen to Michael Avenatti, lawyer for Stormy Daniels. John C. Fry has been charged in federal court with searching for and disseminating Suspicious Activity Reports (SARs), reports filed by banks when they note potentially suspicious transactions. Federal officials say they found telephone records that indicate Fry placed a phone call from his personal cell phone to that of Stormy Daniels’ attorney Michael Avenatti the day before Avenatti released details of Cohen's financial transactions, and the day after. The federal...
  • Immigrant advocate in Arizona gets 18-month sentence in tax fraud case

    02/20/2019 12:45:04 PM PST · by Oldeconomybuyer · 8 replies
    KTAR Local News ^ | February 20, 2019 | by AP
    PHOENIX - A longtime advocate for immigrants in Arizona was sentenced Wednesday to 18 months in federal prison and ordered to pay $131,000 in restitution for a felony conviction stemming from his tax preparation business. Elias Bermudez had previously pleaded guilty to assisting in the preparation of false tax returns, acknowledging that he falsely added dependents, including three children who lived in Mexico, to his clients’ tax returns to maximize refundable credits. Bermudez, 68, led protests more than a decade ago against immigration laws and then-Sheriff Joe Arpaio’s crackdowns on immigrants. He is known for kneeling down in front of...
  • Americans shocked by impact of new tax law: "My jaw hit the floor"

    02/19/2019 10:45:19 AM PST · by Oldeconomybuyer · 151 replies
    CBS "News" ^ | February 19, 2019
    Wait, I owe the IRS? The first tax filing season under the new federal tax law is proving to be surprising, confusing - and occasionally frightening - for some Americans, especially those accustomed to getting money back from the government. Take Andy Kraft and Amy Elias of Portland, Oregon. The couple had grown comfortable getting a small refund each year, a few hundred dollars or more. Then they found out they owe $10,160 this year. "I will never forget the moment, I thought 'We look good' and then we added in the next W-2 and my jaw hit the floor,"...
  • U.S. government shutdown caused 'real harm' to taxpayers: IRS watchdog

    02/12/2019 12:11:33 PM PST · by Oldeconomybuyer · 15 replies
    Reuters ^ | February 12, 2019 | by Jason Lange
    The partial U.S. government shutdown in December and January caused “real harm” to taxpayers, with many unable to get help from officials to understand their tax obligations, a government watchdog said. In a report released on Tuesday, the Internal Revenue Service watchdog said the 35-day shutdown cut back on the number of IRS call center agents who were able to talk to taxpayers about preparing their returns. “Make no mistake about it, these numbers translate into real harm to real taxpayers,” the National Taxpayer Advocate, an internal IRS watchdog, said in a report to Congress. The shutdown, which was the...
  • Democrats vilify the Trump tax cuts for generating smaller refunds

    02/12/2019 10:42:48 AM PST · by Oldeconomybuyer · 36 replies
    The Washington Examiner ^ | February 12, 2019 | by Colin Wilhelm
    Democrats see early statistics showing declining refunds this tax filing season as an opportunity to attack the 2017 Republican tax overhaul as a giveaway to the rich at the expense of the middle class. The tax cuts lowered the amount withheld from each paycheck for most taxpayers, cutting their taxes but also raising the possibility that, when they file their taxes, their refund will be smaller. Even though they may be paying less taxes overall, taxpayers might resent getting a smaller lump refund - or having to pay a larger bill to tax collectors. The effect of those tax cuts...
  • Here's why your refund may not be as high as you expect under the new tax law

    02/09/2019 4:00:36 AM PST · by Libloather · 154 replies
    Channel 3000 ^ | 2/06/19 | Christina Lorey
    **SNIP** 2. You might not get as much money back, but that doesn't mean you'll pay more either. Accountants call this year's process easier for the average person. With the new tax law, everyone's filing on the same form. Most people's tax rate is less, too. But that's not all: Your refund check may be less may be less, a lot less, than last year. Instead of withholding as much throughout the year, the government gave it to the people to spend, which is something not everyone realizes. "They anticipated for the lower rates," said Tylor Katze of Bennett Tax....
  • The 16th Amendment: How the U.S. Federal Income Tax Became D.C.’s Favorite Political Weapon

    02/04/2019 11:32:49 PM PST · by vannrox · 5 replies
    Ammo dot com ^ | 4FEB19 | Editorial staff
    The American Revolution was sparked in part by unjust taxation. After all, the colonists in Boston rebelled against Britain for imposing “taxation without representation,” and summarily tossed English tea into the harbor in protest in 1773. Nowadays Americans collectively spend more than 6 billion hours each year filling out tax forms, keeping records, and learning new tax rules according to the Office of Management and Budget. Complying with the byzantine U.S. tax code is estimated to cost the American economy hundreds of billions of dollars annually – time and money that could otherwise be used for more productive activities like...
  • IRS Loophole: Millions Of Illegal Aliens Are Getting A Bigger Tax Refund Than You Are

    01/23/2019 2:02:47 PM PST · by for-q-clinton · 38 replies
    ABC News 13 ^ | Brown | Tim
    Watch the ABC video at this link. Bottom line: Illegals are getting welfare (via the earned income tax credit). Humblegunner this is NOT my blog it just came up when I wanted to share the video so please don't say I'm pushing my blog. If you would like to copy and paste the whole thing please do.
  • Union says IRS worker absences expected to surge amid shutdown

    01/23/2019 4:05:17 AM PST · by Zakeet · 21 replies
    The Hill ^ | January 22, 2019 | Emily Birnbaum
    The National Treasury Employees Union on Tuesday said Internal Revenue Service (IRS) worker absences are expected to surge amid the partial government shutdown, The Washington Post reported. Hundreds of IRS employees will likely skip work as part of a coordinated protest as the shutdown continues into its fourth week, National Treasury Employees Union President Tony Reardon and other union officials told the Post.
  • Big Data meets Big Gov't: New IRS spy software

    01/22/2019 4:57:19 PM PST · by bitt · 12 replies
    wnd.com ^ | 1/20/2019 | Daniel Pilla
    One of the reasons identify theft is considered by the Treasury Inspector General for Tax Administration to be the crime of the century is because of the IRS. The Internal Revenue Service makes growing demands for information about people’s businesses and private lives every day. There is no such thing as personal privacy these days. That the IRS sends citizens a so-called “Privacy Act Notice” in all its mailings is a farce. The IRS lays claim to your data without court authority more so than any other government agency. And to make matters worse, they share the data with any...
  • Over 65 Tax Question

    01/21/2019 5:41:43 PM PST · by Jamestown1630 · 49 replies
    I've been wracking my brain trying to figure out a change in my tax situation, and hope that I'm just stupidly missing something. I turned 65 last year, and I only learned today that I should be eligible for an increased exemption on my federal taxes - it appears to be $1,300 for our situation. But when I look at the 1040 form, I can't see where you enter that amount, or see a line for it. There's a box to check if you turned 65, but I don't see what you do after that. Our taxes have always been...
  • Conservative Groups Targeted in Lois Lerner’s IRS Scandal Receive Settlement Checks

    01/15/2019 1:14:28 PM PST · by Jacquerie · 20 replies
    The Daily Signal ^ | January 11th 2019 | M.D. Kittle
    The federal government in recent days has been issuing settlement checks to 100 right-of-center groups wrongfully targeted for their political beliefs under the Obama administration’s Internal Revenue Service, according to an attorney for the firm that represented plaintiffs in NorCal v. United States. Most of the claimants will each receive a check for approximately $14,000. Five conservative groups that were integrally involved in the lawsuit get a bonus payment of $10,000 each. About $2 million of the settlement goes to cover the legal costs of five long years of litigation. IRS attorneys attempted delay after delay, objection after objection, trying...