Until recently, many people thought that purchases and money transfers made with cryptocurrency were safe and secret. The convenience and anonymity led many people—including criminals—to use it for shady and illegal deals—such as profiting from illegal porn and drug transactions. Others thought they could profit and never have to report it to the Internal Revenue…
IRS Takes Steps to Protect Identity of Workers to Deter Personal Threats
The Internal Revenue Service (IRS) on May 11 said it will start limiting workers’ personal identification information on communications with taxpayers in June to reduce threats aimed at IRS employees. The Treasury Department’s inspector general for tax administration said in a May 8 report (pdf) that it was “concerned that taxpayers and anti-government or anti-tax groups…
IRS to Hide Workers’ Identities From Taxpayers
The Internal Revenue Service (IRS) on May 11 said it will start limiting workers’ personal identification information on communications with taxpayers in June to reduce threats aimed at IRS employees. The Treasury Department’s inspector general for tax administration said in a May 8 report (pdf) that it was “concerned that taxpayers and anti-government or anti-tax groups…
PREMIERING NOW: GOP Presentation on Biden Corruption Falls Short, But We Tell You the Real Story | Truth Over News
Many of the corruption allegations currently swirling around Joe Biden have been around for years, dating back to his son Hunter Biden’s early trips to China with him on Air Force Two. But recently, there’s been a flood of new information that has come to light. This information includes two separate whistleblowers—one with the IRS involving…
GOP Presentation on Biden Corruption Falls Short, But We Tell You the Real Story | Truth Over News
Many of the corruption allegations currently swirling around Joe Biden have been around for years, dating back to his son Hunter Biden’s early trips to China with him on Air Force Two. But recently, there’s been a flood of new information that has come to light. This information includes two separate whistleblowers—one with the IRS involving…
The IRS Rule That Most Home Sellers Don’t Know
Dear Monty: We recently sold our home. We have prepared and filed our tax returns in the past. Next year for our 2023 return, we are considering having an accountant file our return. Adding a home sale into the tax forms is a bit intimidating. Our primary concern is regarding what is tax deductible when…
IRS Spent $10 Million on Weapons Since COVID-19 Pandemic Began: Watchdog
The Internal Revenue Service (IRS) has been splashing out millions stocking up on guns, ammunition, and combat gear since 2020, according to the findings of Open The Books, a watchdog group that tracks government spending. A report by the watchdog, published on April 27, found that the agency has spent a total of $10 million on weaponry and…
NTD Business (April 28): Digital Health Device Cybersecurity Risk? IRS Hiring More Armed Tax Enforcers
Exxon-Mobil reported bumper profits last quarter, despite falling gas prices. What contributed to the record? You can now add horsepower to an EV Mercedes, but at a cost. The IRS commissioner confirmed the agency is hiring armed tax agents nationwide as part of President Joe Biden’s push to shore up enforcement. But the IRS says…
IRS Hiring More Armed Tax Enforcers in All 50 States
The Internal Revenue Service (IRS) is hiring armed tax agents nationwide to bolster the ranks of its criminal investigations division as the Biden administration seeks to beef up enforcement of tax laws with $80 billion in new funding. IRS Commissioner Danny Werfel confirmed during a Thursday hearing of the House Ways and Means Committee that…
IRS Commissioner Vows More Hires, Better Service, No Guns for Auditors
The IRS has no intention of arming tax auditors, Commissioner Daniel Werfel told Congress today in an attempt to allay fears of a weaponized tax agency. The Inflation Reduction Act of 2022 granted the IRS $80 billion to hire tens of thousands of additional employees sparking fears that a horde of armed auditors would be…
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