Keyword: irs
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A Democratic darling and top fundraiser who had President Biden preside over his nuptials has dished out tens of thousands of dollars to Kamala Harris and other candidates — while the IRS was coming after him for millions in unpaid taxes, The Post has learned. Henry Muñoz, the finance chairman emeritus of the Democratic National Committee, had a whopping $3,497,319 federal income tax lien placed against him in April 2023, IRS records show, along with a $152,411.46 business tax warrant in his home state of Texas.That hasn’t stopped Muñoz, 64, from splashing out out six figures to his fellow Democrats...
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While the Teamsters have decided to withhold a call to vote for Kamala Harris in this election, the tax collectors for the welfare state have put out their enthusiastic endorsement.According to Media Research Center:The union that represents the nation’s Internal Revenue Service (IRS) agents announced Wednesday that it is endorsing Democrat Kamala Harris for president in this year’s election.Vice President Harris has played a role in “one of the most pro-labor administrations in history,” the National Treasury Employees Union (NTEU) explained in a press release announcing its decision:“The administration also delivered agency budgets that provide federal employees with additional staffing...
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The National Treasury Employees Union has endorsed Kamala Harris for President of the United States. NTEU National President Doreen Greenwald announced the decision after extensive research into the candidates’ records regarding the federal workforce, and consultation with NTEU members and chapter leaders across the country. “When it comes to treating federal employees with respect, valuing their service and investing in their work, Kamala Harris is the clear choice,” Greenwald said. “She shares our values and our commitment to making sure that the federal government works for all Americans. She has been a strong advocate for the issues that matter most...
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The National Treasury Employees Union on Thursday became the latest federal employee union to endorse Vice President Kamala Harris in the 2024 presidential campaign. NTEU joins the American Federation of Government Employees and the International Federation of Professional and Technical Engineers, both members of the AFL-CIO, on the list of labor groups representing federal workers to endorse Harris following her ascension to become the Democratic nominee this summer. AFGE and IFPTE had both endorsed President Biden in 2023, and then updated those endorsements after his withdrawal in July. In a statement, NTEU National President Doreen Greenwald touted Harris' record supporting...
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WASHINGTON -- The IRS has collected $1.3 billion from high-wealth tax dodgers since last fall, the agency announced Friday, crediting spending that has ramped up collection enforcement through President Joe Biden's signature climate, health care and tax package signed into law in 2022. Treasury Secretary Janet Yellen and IRS Commissioner Danny Werfel traveled to Austin, Texas, to tour an IRS campus and announce the latest milestone in tax collections as Republicans warn of big future budget cuts for the tax agency if they take over the White House and Congress.
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When a hurricane is coming, you board up the windows. When the IRS is planning a storm of audits of people who look just like you, you need an audit response plan. The IRS has been dropping a new press release with an explicit threat to the bank accounts of successful Americans every other month or so. Their messaging sounds increasingly political, and high-income taxpayers would be foolish to ignore what they’re saying: the IRS plans more audits of successful Americans to force them to pay more taxes. When a hurricane is coming, you board up the windows and stock...
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CV NEWS FEED // Earlier this week, 40 Days for Life called on the Internal Revenue Service (IRS) to determine whether Planned Parenthood violated tax-exempt rules for nonprofits by offering free abortions via its mobile “health” clinic at the Democratic National Convention (DNC). Nonprofits can’t be politically involved, the pro-life organization noted in its complaint to the IRS, which it filed electronically on August 20. “Political campaigning substantially diverges from the permissible activities and could result in revocation of tax-exempt status and possible imposition of related excise taxes,” the complaint stated. “This deployment by federally tax exempt organizations organized under...
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The Internal Revenue Service (IRS) proposed a revenue procedure this week to crack down on the service industry's reporting of tips. The Service Industry Tip Compliance Agreement (SITCA) program would be a voluntary tip reporting system in which the IRS and service industry companies cooperate, according to the announcement Monday. As part of the proposal, the IRS will give the public until early May to provide feedback on the program before implementing it.
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Thousands of workers assigned to collect levies from American taxpayers are themselves late in paying balances due on their own returns.. At least 5,800 IRS employees and contractors owe almost $50 million in overdue taxes and more than half of them haven’t been required to agree to a payment plan, according to the Department of the Treasury’s Inspector-General for Tax Administration (TIGTA). In a report made available to The Epoch Times, TIGTA said auditors found 3,414, or 4 percent, of the 85,359 employees at the IRS have unpaid taxes. Of those with payment plans, $9 million remains unpaid, while $12...
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Nearly 30 locations in the southern part of Montgomery County were hit as part of a Homeland Security raid on Friday. HSI, in collaboration with IRS Criminal Investigation and other law enforcement agencies, executed federal search warrants at Fuyao Glass America and 27 other locations in Dayton, Liberty Township, Miamisburg, Moraine, and West Carrollton on Friday.
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President Trump recently floated the idea of eliminating the federal income tax. That tax became a fixture in 1913 when Congress ratified the 16th Amendment. The first U.S. Tax Code was about 400 pages. Today, with everything included, it’s more than 70,000 pages! Initially, the income tax was 1% on all incomes above $3,000 ($95,000 in today’s dollars) and applied to only 3% of the population. Today, the graduated rates start at 10% for families earning more than $30,000 and go up to 37% for families earning above $609,000. The rates vary greatly: The top 1% of taxpayers pay 45%...
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A group of Democratic members of Congress are calling on the Internal Revenue Service to investigate the national Christian conservative advocacy organization Family Research Council's official status as an "association of churches." Reps. Jared Huffman of California and Suzan DelBene of Washington sent the letter on Tuesday, with 11 other lawmakers joining. The correspondence is addressed to U.S. Treasury Department Secretary Janet Yellen and IRS Commissioner Danny Werfel. The Democrats conveyed "continued concerns about the tax-exempt status of certain organizations" such as the FRC, claiming that said groups "are self-identifying as 'churches' or 'associations of churches' to receive more favorable...
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KEY POINTS The Bank Secrecy Act has been around since the Nixon administration. The law was designed to stop criminal enterprises, large and small. Unless you're breaking the law, you have nothing to worry about. It's your money, and generally, you have the right to withdraw as much -- or as little -- as you desire from your bank account. However, under a law called the Bank Secrecy Act (BSA), banks must report any deposits or withdrawals of $10,000 or more. Here, we'll cover why the BSA exists and if it's anything you need to be concerned about....... During the...
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You can add the Internal Revenue Service to the ranks of federal agencies conceding that raining taxpayer money on all and sundry to offset the negative effects of pandemic-era closures didn't go as well as intended. Not only was a program meant to offset the cost of paying workers during lockdowns and voluntary social-distancing prone to being gamed, but the "vast majority" of claims submitted to the program show evidence of being fraudulent. The Tax Man Is Shocked To Discover Fraudsters In the course of a detailed review of the Employee Retention Credit, "the IRS identified between 10% and 20%...
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Republican Sen. Ted Cruz of Texas is not waiting until after the presidential election to launch a bid to put one of former President Donald Trump’s ideas into effect. Cruz has introduced the No Tax on Tips Act that would keep the Internal Revenue Service from taking a slice of the income service workers gain through tips, according to a news release on Cruz’s website. During a recent rally in Las Vegas, Trump indicated he opposes taxes on tips, according to The Hill.
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President Trump recently floated the idea of eliminating the federal income tax. That tax became a fixture in 1913 when Congress ratified the 16th Amendment. The first U.S. Tax Code was about 400 pages. Today, with everything included, it’s more than 70,000 pages! Initially, the income tax was 1% on all incomes above $3,000 ($95,000 in today’s dollars) and applied to only 3% of the population. Today, the graduated rates start at 10% for families earning more than $30,000 and go up to 37% for families earning above $609,000. The rates vary greatly: The top 1% of taxpayers pay 45%...
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The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says. The proposed rule and guidance announced Monday includes plans to essentially stop “partnership basis shifting” — a process by which a business or person can move assets among a series of related parties to avoid paying taxes. Biden administration officials said after evaluating the practice that there are no economic grounds for these transactions, with Deputy Treasury Secretary Wally Adeyemo calling it “really just a shell game.” The officials said...
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Democrats are fuming mad over Republican proposals to scale back IRS funding and defund the agency’s new free online tax filing system. House Ways and Means Democrats called Republicans’ latest Financial Services and General Government (FSGG) funding bill “disastrous” in a Thursday statement, blasting the GOP for risking another fight over spending that led to the downgrading of U.S. creditworthiness by a major ratings agency last year. “It seems like Republicans’ 2023-2024 appropriations disaster wasn’t enough for their conference. … Just three months after Democrats once again governed from the minority and staved off the worst of Republicans’ chaos and...
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An Ohio doctor who drew national attention when she claimed COVID-19 vaccines made people magnetic is being sued by the federal government over claims she hasn't paid nearly $650,000 in federal taxes and late fees. The lawsuit, filed last month in federal court in Cleveland, claims Sherri Tenpenny didn't pay taxes in 2001, 2012 and 2013.
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Supervisory Special Agent Gary Shapley and Special Agent Joseph Ziegler are longtime IRS employees who came forward as whistleblowers to accuse the agency of allowing Hunter Biden to skate on serious tax charges. Here, the two explain why they want to be a part of a civil suit the president’s son filed against the IRS — to defend strongly what the government won’t. Like most whistleblowers, we did not wake up one morning and decide to pick a fight. We simply tried to do our jobs like always, even in the face of increasing resistance from a system that did...
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