IRS chief asks Congress for authority and resources to regulate cryptocurrencies
Internal Revenue Service Commissioner Charles Rettig on Tuesday asked Congress for new authority and resources in order to regulate cryptocurrencies for better tax collection and to avoid frauds and scams.
Federal tax judge allows whistleblower case against Clinton foundation to proceed
A federal judge is allowing a whistleblower complaint to proceed against the Clinton Foundation, ruling the IRS “abused its discretion” in trying to dismiss allegations of nonprofit wrongdoing by one of America’s most famous political families.
The pos…
Shutdown shrinks as thousands more employees called in to work without pay
Thousands of aviation safety inspectors and hundreds of food, drug and medical inspectors are heading back to work without pay — and so will tens of thousands of Internal Revenue Service employees if the government shutdown is still in place when tax season begins Jan. 28.
The post Shutdown shrinks as thousands more employees called in to work without pay appeared first on Worthy Christian News.
Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016
Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.
The post Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016 appeared first on Worthy Christian News.
$3.5 Million Payout: Tea Party Wins Major Victory Over IRS
Court records show a judge this week approved a settlement between the Internal Revenue Service and hundreds of Tea Party groups.
The post $3.5 Million Payout: Tea Party Wins Major Victory Over IRS appeared first on Worthy Christian News.
Cruz Introduces Legislation to Make Individual Tax Cuts Permanent
Sen. Ted Cruz (R., Texas) introduced comprehensive legislation Tuesday that would make the lowered individual tax rates included in the Tax Cuts and Jobs Act permanent.
The post Cruz Introduces Legislation to Make Individual Tax Cuts Permanent appeared first on Worthy Christian News.
Featured
