Category: IRS

NTD Evening News Full Broadcast (June 17)

The Supreme Court dismisses a major challenge to Obamacare, a sheriff in Nevada says his peers nationwide are fed up with the federal government, and a Christian organization is denied a tax benefit by the IRS.


NTD News Today Full Broadcast (June 17)

President Joe Biden raised questions about the origin of the CCP virus and whether the Chinese regime actually wants to help the world find the truth. A key moderate Democrat says he will not support a partisan infrastructure bill in exchange for support for his own bipartisan infrastructure package. This, while Democrats call for funding…


IRS Denies Tax-Exemption to Texas Religious Group Because Prayer, Bible Reading Boost the Republican Party

An IRS official denied tax-exempt status to a Texas group that encourages church members to pray for state and national leaders regardless of their party affiliation because it benefits “the private interests of the [Republican] Party.” “You do not qualify as an organization described in IRS Section 501(c)(3). You engage in prohibited political campaign intervention,”…


Investigators Make Referrals to FBI as Billionaire Tax Leak Probe Expands, IRS Says

Investigators probing how sensitive information such as income figures was leaked to a news outlets have made referrals to the FBI, a tax official said this week. “Treasury announced yesterday that they made investigative referrals to their Office of Inspector General as well as the FBI, and the United States Attorney’s Office for the District…


Deep Dive (June 9): IRS Probes Leak of Richest Americans’ Tax Records

Democratic Senator Joe Manchin is standing his ground. He says his position on the sweeping election reform bill remains unchanged after meeting with civil rights groups on Tuesday. Manchin is the only Senate Democrat not to have co-sponsored the bill. Negotiations on the infrastructure bill have come to an end. Now, President Joe Biden is…


Taxpayers Fleeing Blue States Take $26.8 Billion in Gross Income to Red States

IRS data tracking state-to-state migration shows that blue states saw a net outflow of hundreds of thousands of taxpayers who took nearly $27 billion in taxable gross income with them to red states. The most recent IRS migration data shows that in the years 2017-2018, a net 399,892 taxpayers and their dependents left blue states—in this…


Taxpayers Fleeing Blue States Take $26.8 Billion in Gross Income to Red States

IRS data tracking state-to-state migration shows that blue states saw a net outflow of hundreds of thousands of taxpayers who took nearly $27 billion in taxable gross income with them to red states. The most recent IRS migration data shows that in the years 2017-2018, a net 399,892 taxpayers and their dependents left blue states—in this…


US Wants to Force People to Report Crypto Transfers Over $10,000 to the IRS

The U.S. government on Thursday suggested mandating the reporting of any cryptocurrency transfers over $10,000 to the IRS, the latest proposal by federal officials to introduce more red tape into the crypto space. “As with cash transactions, businesses that receive cryptoassets with a fair market value of more than $10,000 would also be reported on,”…


US Wants to Force Reporting of Crypto Transfers Over $10,000 to the IRS

The U.S. government on Thursday suggested mandating the reporting of cryptocurrency transfers over $10,000 to the IRS, the latest proposal by federal officials to introduce more red tape into the crypto space. “As with cash transactions, businesses that receive cryptoassets with a fair market value of more than $10,000 would also be reported on,” the…


Monthly Child Tax Credit Payments to Start for Most Families on July 15: Biden

The Biden administration on Monday announced it would start to distribute monthly payments of the expanded child tax credit starting on July 15. President Joe Biden, in a statement, said about 90 percent of families who have children will get the tax relief automatically as part of the American Rescue Plan that was passed by…