Category: IRS

Two Major Scandals Broke Involving the President—Why Has the Media Remained Silent? | Truth Over News

Imagine a Republican president getting caught red-handed instructing their Secretary of State to collude with 51 intelligence officials, including five former CIA directors, to swing a presidential election. Now imagine that in the same week that this bombshell was exposed, it also became known that that same Republican president had gotten their Attorney General to…


IRS Issues Alert for Americans Who Missed April 18 Tax Day Deadline

The Internal Revenue Service (IRS) issued a post-Tax Day notice for those who missed the April 18 deadline to file their taxes and urged Americans who didn’t to do so quickly. “Taxpayers who owe and missed the deadline without requesting an extension should file quickly to limit penalties and interest,” the agency said in an…


IRS Whistleblower Seeks Protection to Expose Hunter Biden’s Business Dealings

An IRS whistleblower is expected to come out alleging political interference in the investigation into Hunter Biden’s business dealings. We hear from a former IRS agent to learn how the agency handles these things. The goal of a bill now passed by the House is to keep women’s sports limited to biological women. We bring you what…


LIVE 5 PM ET: NTD Business Full Broadcast (April 20)

Buzzfeed news is shutting down, as its parent company plans to cut 15% of its workforce. SpaceX’s starship spacecraft successfully lifted off from the coast of south Texas today — but didn’t get far. It’s the most powerful rocket ever built so far. Elon Musk is threatening to sue Microsoft. He tweeted that they “trained…


NTD Business (April 20): Elon Musk Threatens to Sue Microsoft; BuzzFeed News Shuts Down Amid Workforce Cuts

BuzzFeed News is shutting down, as its parent company plans to cut 15 percent of its workforce. SpaceX’s Starship spacecraft successfully lifted off from the coast of south Texas Thursday—but didn’t get far. It’s the most powerful rocket ever built. Elon Musk is threatening to sue Microsoft. He posted on Twitter that the company “trained…


Republican Senators Alarmed by IRS’s ‘Disproportionate’ Focus on Enforcement

Some Senate Republicans are worried that the IRS is placing an “overwhelmingly disproportionate” focus on enforcement in its latest budget requests and operating plan. Airing those concerns at an April 19 Senate Finance Committee hearing, lawmakers grilled IRS Commissioner Daniel Werfel about his agency’s plans for the $80 billion increase in funding it is set…


Freelancers Can Prepare Now for New 2023 Tax Reporting

NEW YORK—Taxpayers who have filed their 2022 taxes by Tuesday’s deadline may be sighing with relief. But there’s always next year. If you’re a freelancer or gig worker who receives payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change for the 2023 tax year. The law will not…


How Enormous Boost in IRS Funding Is Warping Tax Agency’s Priorities

Commentary The IRS released its strategic operating plan on April 6, describing its intentions for spending the nearly $80 billion of supplemental funding it’s receiving under the so-called Inflation Reduction Act. The report was 48 days late beyond the Feb. 17 deadline the IRS was given and only included funding and staffing details for two of the required nine…


Today Is the IRS Tax-Filing Deadline: Here’s What You Need to Know

The deadline has finally arrived for filing 2022 tax returns, with some last-minute tax-filing tips potentially proving helpful to taxpayers. The tax-filing deadline this year is midnight on April 18 because the regular date of April 15 falls on a weekend, followed by a Monday holiday in the District of Columbia. Tax returns can be…


IRS Raked in Nearly $5 Trillion in Taxes From Americans Last Year

The Internal Revenue Service (IRS) has released data on its operations showing that, during the 2022 fiscal year, the agency collected close to $5 trillion in taxes while the share of Americans saying that it’s not at all acceptable to cheat on income taxes dropped to six-year low. According to the agency’s newly released Data Book,…