IRSA INVERSION

President Joe Biden and his fellow Democrats have moved to beef up the Internal Revenue Service with tens of billions more in funding and tens of thousands of additional agents, ostensibly to crack down on wealthy tax cheats — a move that has been sharply criticized by Republicans and independents as being actually targeted at […] The post IRS admits to ‘mistakenly’ publishing online some confidential taxpayer information first appeared on Conservative Institute .

The data - which included individual names and business contact information - was public on the IRS.gov website for about a year until an employee noticed the mistake recently.

The data — which included individual names and business contact information — was public on the IRS.gov website for about a year until an employee noticed the mistake recently.

The Internal Revenue Service (IRS) has admitted to mistakenly posting confidential information of more than 100,000 Americans. IRS officials recently admitted that the service has accidentally been posting the information of about 120,000 taxpayers on its website for more than a year. The information that was released includes people’s names, contact and financial information.

The post IRS Admits That A Billion Dollars In Stimulus Cash Went To Prison Inmates appeared first on American Lookout . The IRS is now admitting that a billion dollars in COVID stimulus cash went to prison inmates. A lot of mistakes were made during the pandemic, but this one deserves some kind of award. Some of the prisoners who receieved this money are serving life sentences. The Washington Examiner reports: Prison inmates received more than […] The post IRS Admits That A Billion Dollars In Stimulus Cash Went To Prison Inmates appeared first on American Lookout .

By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Tuesday urged Congress to approve $80 billion in funding for the Internal Revenue Service to help the agency reduce a huge backlog of tax returns and allow it to go after $600 billion in

https://www.investing.com/news/economic-indicators/yellen-says-irs-under-siege-needs-80-billion-to-beef-up-tax-work-2834535

WASHINGTON — U.S. Treasury Secretary Janet Yellen on Tuesday urged Congress to approve $80 billion in funding for the Internal Revenue Service to help the agency reduce a huge backlog of tax returns and allow it to go after $600 billion in unpaid tax bills. “The IRS is under siege. It is suffering from huge […]

The Senate Foreign Relations Committee is holding a hearing Tuesday for President Joe Biden’s pick to lead the U.S. Agency for Global Media. Biden in November 2021 nominated former Voice of America director Amanda Bennett to run USAGM. As head of the agency, Bennett would oversee an annual budget of $840 million and the running of six entities including the independent news networks VOA, Radio Free Europe/Radio Liberty, Radio Free Asia, Office of Cuba Broadcasting, Middle East Broadcasting Networks and the Open Technology Foundation. Former VOA director of programming Kelu Chao currently holds the position in an acting authority. She was assigned the position after Michael Pack, the last presidential appointee, resigned at Biden’s request. The role of USAGM chief executive was created with legislation during the administration of President Barack Obama as a way to make the agency more effective and efficient. The first person appointed to the role was conservative filmmaker Pack. But Pack’s tenure was tumultuous, drawing criticism from Republicans and Democrats in Congress.

The Internal Revenue Service (IRS) warned Tuesday that potential scammers are still using various types of pandemic-related scams to steal money and identity from U.S. citizens. The IRS in March said its investigators had uncovered more than $1.8 billion in fraudulent activity related to federal COVID-19 stimulus funds. And a tsunami of fraudulent unemployment claims…

The executor of the Estate of Tamir Sapir is seeking a refund of more than $25 million of fiduciary income tax alleged to have been overpaid to the Internal Revenue Service (IRS). While the refund suit is currently teed up before a federal district court, the estate sought judgment on the pleadings, attempting to seize on the governments sparse affirmative-defense pleading. The case addresses a question on which federal courts have split: Whether a heightened-pleading standarda la the By: Freeman Law

In 2006 Congress passed a qui tam whistleblower . It covered both tax frauds and underpayments, and also targeted illegal and undeclared offshore accounts secretly held by thousands of U.S. taxpayers. The law promised whistleblowers who turned in major tax frauds compensation modelled on the . If a whistleblower filed original information that resulted in the collection of taxes he or she would be rewarded based on the amount of the recovery. The bigger the fraud, the bigger the sanction, By: Kohn, Kohn & Colapinto LLP

The Congressional Budget Office (CBO) says it has concluded its analysis of a proposal by the White House to increase spending on IRS enforcement activity by $80 billion between 2022 and 2031. According to a recent blog post from the CBO, this funding increase would yield revenues of about $200 billion over that 10-year period. []

Many people end up owing the IRS for many reasons and there are various options to resolve your tax debt. Some of the options include an offer in compromise, installment agreement, or currently non-collectible status. By: Gray Reed

Renaissance Technologies executives will pay $6.8 billion in an IRS settlement over past options use in the firm''s flagship Medallion Fund.