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Immigration, energy, abortion: Scalise announces first legislation for House GOP House Republicans will focus on IRS funding, energy production, immigration, crime and abortion with their first items of legislative business after they take control of the House next week. Steve Scalise (R-La.), the incoming House majority leader, announced on Friday a slate of eight bills…
“Billionaire hedge fund boss Ken Griffin sues IRS for leak of his tax returns” Billionaire hedge fund manager Ken Griffin has filed a lawsuit against the Internal Revenue Service alleging that someone at the agency illegally leaked his tax returns to the news site ProPublica last year. Griffin, the founder and CEO of Citadel, accused…
“IRS warns Americans over $600 threshold to report Venmo, PayPal payments” The Internal Revenue Service is reminding tax filers to prepare to report transactions of at least $600 that are made through so-called “third-party” facilitators such as Venmo and PayPal. The agency on Tuesday posted an explainer warning American business owners earning $600 or more…
“Rich young professionals flee New York, California in droves: study” New York, California and Illinois lost thousands of “rich young professionals” who fled the Democrat-run state for low-tax havens like Texas and Florida, according to a study. The study conducted by SmartAsset of workers under the age of 35 who earn $100,000 per year cited…
“#WaPo’s partisan ‘fact-checking’ and more” This fact-check We say: Count on Glenn Kessler, The Washington Post’s partisan opinion writer who pretends to be a neutral “fact checker,” to come to the Democrats’ aid yet again, this time over their plan to have banks send the IRS info about Americans’ bank accounts. It’s perfectly legit to…
“#The IRS’ persecution of a Christian nonprofit should terrify all of us” A decade after the Internal Revenue Service targeted conservative groups applying for tax-exempt status, the agency recently pulled a similar stunt with a faith-based organization named Christians Engaged. The IRS called it quits after a public backlash, but people and groups that are…
“#IRS reportedly plans to delay this year’s tax deadline” The IRS is reportedly planning to push back the April 15 tax filing deadline for another month to give taxpayers a break because of the coronavirus pandemic and tax law changes. The IRS, which delayed the tax deadline last year until July 15 because of the…
“#How to get your full COVID stimulus check during tax season” With Congress tightening eligibility for the third coronavirus stimulus checks, some Americans might want to strategically time their next tax return to get the full $1,400. The Senate is poised to push through a proposal that would cut off any individual making more than…
“#Still waiting for stimulus checks? Don’t miss these deadlines” There’s still time for millions of potentially eligible Americans to claim their federal stimulus checks — but they’ll need to mark their calendars to avoid waiting even longer. The Internal Revenue Service recently posted a reminder about two key deadlines certain groups of taxpayers must meet…