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Tax-Filing Deadline Just Got Pushed Back

Americans now have until July 15

(Newser) - Taxpayers now have more time to file their taxes amid the coronavirus outbreak: The deadline has been pushed back to July 15 from April 15, said Treasury Secretary Steven Mnuchin on Friday. "All taxpayers and businesses will have this additional time to file and make payments without interest or... More »

Whistleblower: Mormon Church Is Hoarding $100B

He says investment division should be stripped of tax-exempt status

(Newser) - The Church of Jesus Christ of Latter-Day Saints has been hoarding cash that its members thought would be used for charitable purposes, according to a whistleblower who worked at the church's investment division. David Neilsen, a former senior portfolio manager at Ensign Peak Advisors, alleges in a complaint to... More »

There's Another Whistleblower

And this one has made an accusation about Trump's tax returns

(Newser) - Tired of reading about the President Trump whistleblower complaint? Well there's another complaint involving Trump that kind of flew under the media radar, Business Insider reports. Turns out a federal worker presented "an unsolicited communication" on July 29 summarizing allegations of "inappropriate efforts to influence" the compulsory... More »

IRS Memo Contradicts Administration on Trump Tax Returns

It rejects Mnuchin's reason for withholding them

(Newser) - A draft Internal Revenue Service memo obtained by the Washington Post directly undercuts Treasury Secretary Steven Mnuchin's rationale for refusing to give President Trump's tax returns to House lawmakers—and may expose a rift in the IRS over the issue. The legal memo prepared last fall states that... More »

Mnuchin, IRS Chief Hit With Subpoenas on Trump Tax Returns

They have a deadline of 5pm next Friday to deliver the goods to House Democrats

(Newser) - The Treasury Department and IRS have been put on alert, and they've got a deadline. Politico reports on the ongoing Democratic effort to obtain President Trump's tax returns, with the latest move involving subpoenas from Richard Neal, chair of the House Ways and Means Committee, to Treasury Secretary... More »

More Bad News for Baltimore's Self-Publishing Mayor

Raids conducted at several locations linked to Catherine Pugh

(Newser) - Baltimore Mayor Catherine Pugh remained on paid leave Thursday following a bout of pneumonia, while FBI agents were hard at work. A spokesman confirms agents from the Baltimore FBI office and Washington IRS office raided City Hall, two homes owned by Pugh, and the office of her attorney early Thursday,... More »

Congress May Kill Chance of Free IRS Tax Filing

ProPublica reports that a bipartisan bill would bar the creation of such a system

(Newser) - It's beginning to look like the IRS will never provide a free online tax-filing system for Americans, reports ProPublica . The news outlet blames heavy lobbying from the likes of TurboTax and H&R Block. A bill with bipartisan support has cleared the House Ways and Means Committee, and one... More »

House Democrats Make Big Move on Trump Tax Returns

Committee chairman asks IRS for 6 years of returns

(Newser) - A House committee chairman on Wednesday formally asked the IRS to provide six years of President Trump's personal tax returns and the returns for some of his businesses as Democrats try to shed light on his complex financial dealings and potential conflicts of interest. The request by Massachusetts Rep.... More »

Trump's Fed Pick Has Large Unpaid Tax Bill

IRS is pursuing Stephen Moore for $75K

(Newser) - President Trump's controversial choice for a seat on the Federal Reserve board doesn't have his own finances in order, according to court documents. A federal tax lien in Maryland says conservative commentator Stephen Moore, who owns a home in the state, owes $75,328 in taxes and penalties,... More »

Tax Refunds Are Smaller, and People Are Ticked

Average return is $1,865 under new tax code, down 8% from last year

(Newser) - The IRS is out with early numbers on tax refunds in 2019, and people hoping for a bump under the new tax changes are being unpleasantly surprised. In the first week of the filing season, the average refund was $1,865, down about 8% from last year's average of... More »

Thousands of Workers Recalled by IRS Stay Out

Furloughed employees were to help with tax refunds, but many claim hardship or can't be reached

(Newser) - Thousands of workers ordered to return to their jobs without pay by the IRS have not done so, Politico reports. Many of those employees recalled to help with the tax-return filing crunch have claimed financial hardship. IRS officials told House staffers, per the AP , that as of Tuesday, about 12,... More »

Feds Say Shutdown Won't Delay Tax Refunds

Furloughed workers will be recalled

(Newser) - Relief for taxpayers? The administration says there will not be delays to tax refunds despite a government shutdown stretching into its third week. Acting White House budget office director Russell Vought says refunds will go out on time. He told reporters Monday that rules will be changed to make the... More »

In Shutdown, a 'Wrench' in Getting Your Tax Refund?

IRS employees who process tax refunds are among first to be furloughed

(Newser) - The Internal Revenue Service may not be anyone's favorite government agency, but many taxpayers may be pulling for it to regain full staffing over the next few weeks. That's because tax refunds may be delayed this year, thanks to the partial government shutdown, USA Today reports. Per a... More »

Tax Day Is Now Tomorrow

After IRS online payment site fails

(Newser) - The IRS is giving all taxpayers an extra day to file after its website went down on deadline day, the AP reports. The agency announced that individuals and businesses with a filing or payment that was due Tuesday now have until midnight Wednesday. It said no additional paperwork is needed... More »

He Paid the IRS $500M Last Year. This Year, It's $1B

John Paulson's bill for his big bet on subprime mortgages has come due

(Newser) - If you find yourself forced to write a check to the IRS come April 17, know that John Paulson feels your pain—and owes more than can fit on a single check. Paulson put down big stakes against subprime mortgages before the 2008 crash and earned billions in the process.... More »

Using Contractors to Collect $6.7M Cost IRS $20M

Watchdog says program is harming taxpayers

(Newser) - The Internal Revenue Service's outsourcing of tax debt collection is costing the IRS about $3 for every $1 it brings in, according to a report from a federal watchdog. National Taxpayer Advocate Nina Olson, head of the Taxpayer Advocate Service, said in her annual report to Congress Wednesday that... More »

Mueller Probe May Have Joined Forces With the IRS

It's one way to get to Trump's tax returns

(Newser) - In his investigation of alleged Russian election meddling, Special Counsel Robert Mueller has reportedly teamed up with the agency that brought down Al Capone: the Internal Revenue Service. Sources tell the Daily Beast that the former FBI director is now working with members of the IRS Criminal Investigation Division, which... More »

A US Senator Just Raised a Man From the Dead

The IRS wrongly declared Adam Ronning dead 29 years ago

(Newser) - For everyone who says Congress doesn't get anything done: A US senator just raised a Minnesota man from the dead. KMSP reports the IRS wrongly declared Adam Ronning dead 29 years ago when he was just 4 years old. Despite this, Ronning continued to pay taxes every year as... More »

'Bad Optics' for Trump: Big Backer in Showdown With IRS

Billionaire Robert Mercer's hedge fund fighting $7B in back taxes

(Newser) - Two key facts about billionaire Robert Mercer: He is, in the words of a recent New Yorker profile, the "reclusive hedge-fund tycoon behind the Trump presidency." Second, the IRS is going after his Renaissance Technologies fund for nearly $7 billion in back taxes. All of which sets up... More »

Howard Stern, IRS Sued for Broadcasting Conversation

Woman says tax talk was heard by 1.2M listeners

(Newser) - Taxpayers who call the IRS for advice should have a reasonable expectation that their call will not be broadcast on Howard Stern's radio show, according to a lawsuit filed in Massachusetts this week. In the lawsuit, Judith Barrigas says she called the IRS to discuss a private tax matter... More »

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