The IRS is continuing its historic trend of pursuing more low-income groups as relatively fewer billionaires and millionaires have come under its audit sweep, according to a recent report by Syracuse University’s Transactional Records Access Clearinghouse (TRAC). During fiscal year 2022, millionaires “did have the highest odds of being audited. However, if one ignores the…
IRS Targeted More ‘Easy-Mark’ Low-Income Families Than Millionaires, University Report
January 8, 2023
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Executive Appeals to Supreme Court a $1 Million IRS Penalty for Not Disclosing a Foreign Bank Account
December 30, 2022
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A businessman who was fined almost $1 million for failing to report a foreign bank account is asking the Supreme Court to review the ruling by a lower court. The appeal comes after the Biden administration’s attempts to strengthen IRS enforcement efforts became an issue in the midterm congressional elections. The Inflation Reduction Act, which…
IRS Warning Americans to Report $600 Transactions From Payment Processors or Risk Facing Audit
December 3, 2022
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The Internal Revenue Service reminds taxpayers to report transactions of at least $600 made through payment networks like Venmo, Paypal, and Cash App as the agency seeks to obtain data regarding part-time employment and side gigs, a move that critics have termed government overreach. In a recent explainer posted online, the IRS said that according…
Democrat Senator Tried to Pressure Government Agencies Into Targeting Conservative Groups
December 2, 2022
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Sen. Sheldon Whitehouse (D-R.I.) tried to use federal agencies like the Department of Justice and the Internal Revenue Service to act against groups propagating conservative programs, according to documents (pdf) obtained by the watchdog American Accountability Foundation. In a letter sent to IRS Commissioner Charles Rettig on Jan. 19, 2021, Whitehouse asked for revoking the…
Tax Refunds For Millions of Americans May Be Smaller This Year, Says IRS
November 25, 2022
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Americans will be unpleasantly surprised to find their tax refunds smaller than expected for 2022, with the IRS announcing reduced refunds for the coming year as well, in a blow to many who rely on the refunds as a supplement to their savings. “Refunds may be smaller in 2023. Taxpayers will not receive an additional…
Biden Announces Intent to Nominate Former Obama-Era Official to Head IRS
November 11, 2022
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President Joe Biden on Nov. 10 announced his intent to nominate former acting Internal Revenue Service (IRS) Commissioner under the Obama administration, Danny Werfel, to be its new head. Biden announced Werfel’s appointment in a statement from the White House which said that Werfel is a “public and private sector leader who has served under both Democratic…
IRS Warns Americans of a Specific Type of Scam Criminals Are Using on an ‘Industrial Scale’
October 14, 2022
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The Internal Revenue Service is warning Americans against a recent rise of smishing attacks—phishing through text messages—identifying thousands of fraudulent domains that are targeting taxpayers through fake COVID relief, tax credits, or even help with setting up an IRS online account. “This is phishing on an industrial scale so thousands of people can be at…
FBI Raided Trump to Keep Him Out of Office, Marjorie Taylor Greene Claims
August 11, 2022
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The FBI raided former president Donald Trump’s Mar-a-Lago home to destroy his 2024 campaign, Rep. Marjorie Taylor Greene (R-Ga.) has claimed. “The raid is unprecedented because it’s never happened in American history. And it shouldn’t have happened,” Greene told The Epoch Times and NTD as part of a special report on the FBI raid, airing…
FBI Raided Trump to Keep Him Out of Office: Marjorie Taylor Greene
August 11, 2022
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2024 electionDonald TrumpFBI raidIRS - U.S. Internal Revenue ServiceMarjorie Taylor GreenePoliticsUSUS News
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The FBI raided former president Donald Trump’s Mar-a-Lago home to destroy his 2024 campaign, Rep. Marjorie Taylor Greene (R-Ga.) has claimed. “The raid is unprecedented because it’s never happened in American history. And it shouldn’t have happened,” Greene told The Epoch Times and NTD as part of a special report on the FBI raid, airing…
IRS Destroys Millions of Tax Documents, GOP Lawmakers Seeking Answers
June 9, 2022
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Two Republican lawmakers, James Comer (R-Ky.), ranking member of the House Committee on Oversight and Reform, and Nancy Mace (R-S.C.), ranking member of the Subcommittee on Civil Rights and Civil Liberties, have written a letter asking the Internal Revenue Service (IRS) to explain the destruction of 30 million paper-filed tax documents last year. “Committee Republicans…
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