Federal Taxes and Spending Set Records Through June
The federal government set new records for taxing and spending through the first nine months of fiscal 2021 (October through June), according to the Monthly Treasury Statement.
‘All G20 Back President Biden’s Global Tax Reform’
In another move towards a unified tax system, Germany’s finance minister said Saturday that all Group of 20 (G20) nations back global tax reform.
IRS gives nonprofit Christians Engaged tax-exempt status after saying efforts favor GOP
The First Liberty Institute said Wednesday the IRS has granted tax-exempt status to the nonprofit group Christians Engaged after denying the request on the argument that Bible teachings are typically affiliated with the Republican Party and candidates.
Biden Admin Deletes References to Palestinian Terror Incitement From Congressional Report
The State Department deleted references to the Palestinian government’s terror incitement in a report sent last week to Congress, highlighting what some see as an effort by the Biden administration to downplay Palestinian violence as it restarts U.S. t…
Trump Organization, CFO Allen Weisselberg plead not guilty to tax crimes
The Trump Organization and its finance chief Allen Weisselberg pleaded not guilty Thursday to criminal charges in an alleged 15-year tax evasion scheme.
GOP lawmakers question motives of IRS in ruling that could jeopardize tax-exempt status of churches
Several Republicans in the U.S. House and Senate sent a letter to the IRS Friday demanding the agency correct a ruling they say could have major implications for churches and faith-based organizations in the U.S.
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