The tax-exempt status of the influential North Carolina branch of the National Association for the Advancement of Colored People (NAACP) was automatically revoked by the Internal Revenue Service (IRS) after the non-profit group failed to file required returns with the tax agency for three consecutive years. The loss of status by the North Carolina State…
IRS Revokes North Carolina NAACP’s Tax-Exempt Status
September 4, 2022
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Crime and IncidentsElection IntegrityFeatured TopicsInternal Revenue ServiceNAACPNorth CarolinaPolicies & ImpactsPoliticsRegional-Local NewsUSUS News
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IRS Mistakenly Published Confidential Info of 120,000 Taxpayers
The Internal Revenue Service (IRS) said on Friday it accidentally exposed but has since removed the confidential financial information of about 120,000 taxpayers. In a letter to Homeland Security Chairman Rep. Bennie Thompson (D-Miss.), Treasury Department acting Assistant Secretary for Management Anna Canfield Roth wrote that the IRS “recently identified an inadvertent and now-corrected disclosure of…
IRS Starts ‘Comprehensive Review’ of Safety, Security at Its 600 Facilities Amid Alleged Threats
The U.S. Internal Revenue Service (IRS) will be reviewing safety and security measures in response to what IRS Commissioner Charles Rettig calls “an abundance of misinformation and false social media postings, some of them with threats directed at the IRS and its employees.” In a staff memo released on Tuesday, he said of the agency’s 600…
How the Inflation Reduction Act Affects Americans
On Aug. 7, the U.S. Senate passed reconciliation bill H.R. 5376, the Inflation Reduction Act. The House of Representatives passed the reconciled bill on Aug. 12. The bill ended up being a slimmed-down version of President Biden’s $2.2 trillion “Build Back Better” bill. The original bill stressed a tightened social net and expanded green initiatives. Swing Democrat…
How the IRS Expansion Would Empower Ruling Elites to Target Americans
Commentary “He has erected a multitude of new offices, and sent hither swarms of Officers to harass our people and eat out their substance.” Those were the words of Thomas Jefferson in the Declaration of Independence, referring to the depredation of King George III. The sentence was part of a long list of grievances that…
LIVE at 10:30AM ET: Democrats Weaponize the IRS and Pass Climate Agenda Under Banner of Reducing Inflation
Senate Democrats passed the Inflation Reduction Act, a new plan that aims to alleviate inflation. While estimates vary on how much it will actually reduce inflation, a key element will be its bolstering of the Internal Revenue Service (IRS). As this happens, a new movement is growing to prevent the weaponization of the IRS. We…
Republicans Warn Biden’s ‘Army of IRS Agents’ Is Coming
August 9, 2022
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Business & Marketseconomic policieseconomyInflation Reduction ActInternal Revenue ServicePoliticsRep. Tom EmmerRepublicansTed CruzUSUS News
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Republicans are warning American middle-class families and small-business owners how they will soon be the targets of the Internal Revenue Service (IRS), once President Joe Biden signs into law Democrat-backed legislation that includes funding to hire 87,000 new tax agents. The legislation, known as the “Inflation Reduction Act,” was approved by a party-line vote of…
LIVE 8/9 at 10:30AM ET: Democrats Weaponize the IRS and Pass Climate Agenda Under Banner of Reducing Inflation
Senate Democrats passed the Inflation Reduction Act, a new plan that aims to alleviate inflation. While estimates vary on how much it will actually reduce inflation, a key element will be its bolstering of the Internal Revenue Service (IRS). As this happens, a new movement is growing to prevent the weaponization of the IRS. We…
Sen. Ron Johnson Wants to Know Why IRS Has Huge Backlog Despite Additional Funding
August 2, 2022
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Internal Revenue ServiceIRSNational Taxpayer AdvocateSen. Ron JohnsonTreasury Inspector-General for Tax Administration (TIGTA)US
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Congress has increased the IRS budget by more than $2 billion in the past year, yet the federal tax agency still has a backlog of more than 24 million unprocessed taxpayer returns and Sen. Ron Johnson (R-Wis.) wants to know why. Johnson told IRS Commissioner Charles Rettig in an August 1 letter that he continues…
$11.4 Million to Go to California TurboTax Customers Following Settlement
May 4, 2022
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CaliforniaInternal Revenue ServiceLocal NewsLos AngelesMike FeuerNorthern CaliforniaRegional NewsRegional-Local NewsSouthern CaliforniaTurboTaxUncategorizedUS
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LOS ANGELES—Hundreds of thousands of California taxpayers will receive a total of $11.4 million through a $141 million nationwide settlement with Intuit, which was accused in a lawsuit of deceptively advertising its “free” online TurboTax products, it was announced on May 4 by the plaintiffs. The lawsuit was filed by a coalition of 51 attorneys…
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