It’s not unreasonable for the newly elected Republican House Speaker, Mike Johnson, to propose offsetting $14 billion in aid for Israel by making cuts elsewhere in the government’s $6 trillion budget. The Congressional Budget Office (CBO) has provided a list of potential options for cutting federal spending or increasing revenue. However, instead of choosing any …
Hello and Happy Halloween from our nation’s capital! Last night, adorable kids dressed in pumpkin suits and princess dresses roamed the Senate office buildings in search of treats. But that’s not all, folks—get ready for an iconic and bi-paw-tisan dog costume parade this afternoon! But first, let’s dive into the news. Newly appointed House Speaker …
A former contractor for the Internal Revenue Service has pleaded guilty to leaking tax information to news outlets about former President Donald Trump and the country’s wealthiest individuals. Charged by The Justice Department, Charles Edward Littlejohn, 38, of Washington, D.C., was accused of stealing tax return information and providing it to two news outlets from …
According to the Internal Revenue Service (IRS), Microsoft is reportedly facing a hefty $28.9 billion tax bill for the years between 2004 and 2013. However, the software giant strongly disagrees with this claim. Earnings expectations for Microsoft and other tech giants Microsoft has recently rejected Notices of Proposed Adjustment (NOPAs) from the IRS, arguing that …
In a remarkable turn of events, an ex-contractor for the Internal Revenue Service (IRS) has been accused of leaking confidential tax information of the wealthiest individuals in the United States to media outlets. The Justice Department revealed that Charles Edward Littlejohn, a 38-year-old resident of Washington, DC, stole tax return data and shared it with …
In a surprising turn of events, Hunter Biden, the son of the president, has filed a lawsuit against the IRS in response to allegations about his taxes. This comes just days after Biden was indicted on federal firearms charges. The lawsuit, which was filed on Monday, accuses two whistleblower IRS agents, Gary Shapley and …
New York Mets owner and successful hedge fund manager, Steve Cohen, is currently embroiled in a legal battle with the Internal Revenue Service (IRS) over the payment of self-employment taxes on income from several years ago. Cohen, who is 67 years old and has a net worth of $13.2 billion according to Bloomberg, is disputing …
U.S. Secretary of the Treasury Janet Yellen arrived at Johns Hopkins University’s School of Advanced International Studies (SAIS) in Washington, DC, on April 20, 2023, to deliver remarks. Anna Moneymaker | Getty Images News | Getty Images Treasury Secretary Janet Yellen commended the IRS for its new initiative, which she believes will contribute to a …
When it comes to filing joint taxes, who gets their name listed first – the husband or the wife? According to a recent study conducted by researchers at the University of Michigan and the U.S. Treasury Department, this decision can reveal a lot about a couple’s beliefs and attitudes. Although gender roles in America have …
A group of senior Congressional Republicans is calling for an investigation into what they perceive as “unlawful whistleblower retaliation against veteran IRS employees” involved in the scrutiny of Hunter Biden, the president’s son. Senators Chuck Grassley and Ron Johnson, along with Reps. Jason Smith, James Comer, and Jim Jordan, sent a letter to special counsel …