Free Republic

A Trump administration official in March asked the IRS to review an audit of MyPillow chief executive and conservative political personality Mike Lindell, according to two people familiar with the request and records obtained by The Washington Post. David Eisner, a political appointee at the Treasury Department, wrote to senior IRS staff that Lindell — whom he called a “high profile friend of the president” — had received his second audit letter in two years and “he is concerned he may have been inappropriately targeted.” The IRS referred the inquiry to the Treasury Inspector General for Tax Administration, the agency’s...

A special agent with the Internal Revenue Service (IRS) is dead after being accidentally shot by another IRS agent during a training exercise Thursday at a federal gun range in Phoenix, officials confirmed. A spokesperson for the Federal Bureau of Prisons confirms that an incident occurred Thursday at their gun range, which multiple federal agencies were utilizing at the time through an interagency agreement. The spokesperson said no Federal Bureau of Prisons employees were injured in the incident. Charlotte M. Dennis with the Phoenix Field Office of the IRS Criminal Investigation (CI) division replied to Arizona’s Family on Thursday afternoon,...

The IRS has quietly changed the rules around taxes on inheritances, putting Americans in danger of being caught out if they try to transfer assets to their children. The agency has curbed the tax break on a particular kind of trust often used to minimize estate taxes. Prior to the new instruction, it was unclear what the tax policies were around assets passing to beneficiaries through an irrevocable trust. But the Revenue Ruling 2023-2 has confirmed that these trusts will now be subject to capital gains tax, which will have a substantial impact on estate planning for Americans

Joe Biden said he's going to make people pay their fair share in taxes. He's going after billionaires- you know, those making over $400K per year. But you know what a galactic liar he is. That won't get the money he needs. He needs you and your money. Biden had proposed tracking bank accounts which saw transactions over $600 but backed down. Then he launched a tip reporting system to bring the hammer down on wait staff. Yellen admitted that 90% of the new audits will be of those making less than $400K. The pinnacle of Biden's revenue enhancement efforts...