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A service for finance industry professionals · Wednesday, April 16, 2025 · 803,788,090 Articles · 3+ Million Readers
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Internal Revenue Service News Monitoring

  • Published on Apr 15, 2025

    Implementation of Section 45Z/Clean Fuels Production Credit: Energy Marketers of America Comments on Internal Revenue ...

    Download PDF The Energy Marketers of America (formerly, Petroleum Marketers Association of America) (“EMA”) submitted April 10th comments to the Internal Revenue Service (“IRS”) addressing its: …notice of intent to propose regulations (forthcoming …

    Source: JD Supra - California - Neutral
  • Published on 03:42 GMT

    20,000 IRS employees interested in deferred resignation offer as tax deadline looms

    A traffic light is red outside the U.S. Internal Revenue Service building in Washington, D.C., on Feb. 20, 2025. Kent Nishimura | Reuters About 20,000 Internal Revenue Service employees have expressed interest in accepting the Trump administration's …

    Source: CNBC - Neutral
  • Published on 11:14 GMT

    Daily Briefing: IRS melts as tax season blooms

    Good morning!🙋🏼‍♀️ I'm Nicole Fallert. Everyone is turning themselves into AI action figures. Get ready for Wednesday's news: IRS shrinks as tax season picks up steam It's April 16 — many Americans are breathing a sigh of relief that Tax Day …

    Source: USA Today - Neutral
  • Published on 10:18 GMT

    Sunburn — The morning read of what’s hot in Florida politics — 4.16.25

    Good Wednesday morning. Happening today — Teen Day returns for its third year of Children’s Week Florida™. A hundred middle and high school students from counties across the state will spend the day at the state Capitol. Students will learn about the …

    Source: Florida Politics - Neutral
  • Published on 09:52 GMT

    Art Collector Gets Charitable Deduction Despite No Qualified Appraisal

    In WT Art Partnership LP v. Commissioner, T.C. Memo. 2025-30, a prominent businessman, investor and philanthropist obtained an unlikely income tax charitable deduction by successfully arguing the reasonable cause exception to overcome his failure to obtain …

    Source: Wealth Management - Neutral
  • Published on 11:00 GMT

    Why the Protection Tax Legit Strategy Focuses on Case Law and Documentation

    Protection Tax’s legit strategy relies on IRS tax code, case law, and thorough documentation to ensure accurate, compliant tax resolution. LAS VEGAS, NV, UNITED STATES, April 16, 2025 /⁨EINPresswire.com⁩/ -- The Protection Tax legit model is built …

    Distribution channels: Banking, Finance & Investment Industry, Chemical Industry ...
  • Published on 06:03 GMT

    Tax brackets and rates for 2024-2025

    Do you know your tax bracket? Even if you do, are you clear on what it means for the taxes you'll pay. Real quick: Your tax rate is the percentage of income you pay in taxes, but it isn’t the same for all the money you earn. Different portions of …

    Source: Yahoo Finance - Pending
  • Published on 09:17 GMT

    Independence man sentenced for $1.4M in false COVID tax credit claim

    An Independence, Missouri, man was sentenced in federal court Tuesday for filing a false tax claim related to a scheme that sought to fraudulently obtain nearly $1.4 million in COVID-19 relief funds. Richard Dean Schiele Jr., 51, received a sentence of one …

    Source: KTTN - Missouri - Neutral
  • Published on 09:52 GMT

    Backstabbing, Infidelity and Blackmail – Oh My!

    In the recent Tax Court decision of Pierce v. Commissioner (TCM 2025-29), the court mostly accepted the petitioner’s analysis when valuing several large transfers of the shares of an S corporation (S corp) that provided online “free, just pay for shipping” …

    Source: Wealth Management - Neutral
  • Published on 10:02 GMT

    Feed the insatiable beast

    America’s annual rituals and observances include days we usually celebrate together (July Fourth, Memorial Day, Veterans Day), or as members of special groups (Passover, Easter and Christmas). The one annual ritual it can be safely said most Americans …

    Source: The Mining Journal - Michigan - Pending
  • Published on 08:10 GMT

    Texas tax preparer gets 2 years in federal prison for $1.2 million fraud scheme

    TYLER, Texas — An East Texas tax preparer has been sentenced to two years in prison and will have to pay over $1.2 million in restitution.   Karistha Johnson, 38, of Tyler, pleaded guilty to making false and fraudulent statements on a tax return. She was …

    Source: KYTX/CBS 19 - Texas - Pending
  • Published on 09:25 GMT

    Filing your taxes last minute? Here's what to know

    WASHINGTON (DC News Now) — Monday is the last day to file your taxes before the April 15 deadline, but the good news is you may still be able to file for free. The Internal Revenue Service offers several options for helping last-minute filers file their …

    Source: WDVM - Washington D.C - Neutral
  • Published on 07:22 GMT

    Retired Illinois IRS worker feels 'hurt' by data agreement with ICE

    Tax filing season has wrapped up but the backlash over a new IRS policy concerning undocumented individuals is not going away. A retired agency official from Illinois said her heart breaks for the people she served over the years. A deal has been struck …

    Source: Public News Service - Left-wing
  • Published on 02:52 GMT

    DOGE is collecting federal data to remove immigrants from housing, jobs: WP

    Career officials at the Internal Revenue Service refused to share sensitive taxpayer data with immigration agencies, citing legal concerns. IRS officials claimed the Department of Government Efficiency is using the data to find immigrants illegally in the …

    Source: Straight Arrow News - Neutral
  • Published on 05:15 GMT

    ‘It’s chaos’: Local IRS employees say their jobs, your services are on the line amid layoffs

    KANSAS CITY, Mo. (KCTV) - During the busiest time of year – Tax Day – Internal Revenue Service workers are not just crunching numbers but are focused on keeping their jobs. More job cuts are looming for thousands of federal workers across the U.S. as part …

    Source: KCTV 5 - Missouri - Neutral
  • Published on 04:25 GMT

    Trump picks a Hunter Biden whistleblower to temporarily lead the IRS

    President Donald Trump has picked Gary Shapley, an Internal Revenue Service agent who has said the investigation into Hunter Biden's taxes was not aggressive enough, to temporarily lead the tax collector. Shapley's claims that the Justice …

    Source: The Economic Times - Pending
  • Published on 04:29 GMT

    Look at Who Could Be Temporarily Helming the IRS Soon

    As much as I would like the Internal Revenue Service to vanish, it’s not, so I hope everyone filed their taxes today. The agency is without a commissioner following another shake-up. Recently, the IRS announced it would share tax information from illegal …

    Source: Townhall - Right-wing
  • Published on 05:32 GMT

    Hagerty reintroduces SNOOP Bill

    WASHINGTON—United States Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, today reintroduced the Stop the Nosy Obsession with Online Payments, or SNOOP, Act, a bill to strike the tax code provision inserted by the Biden Administration …

    Source: State Gazette - Tennessee - Pending
  • Published on 07:32 GMT

    Stanford backs Harvard’s decision not to accede to Trump’s demands

    Cyclist rides through the Stanford University campus. Embarcadero Media file photoStanford University President Jonathan Levin and Provost Jenny Martinez on Tuesday threw their support behind Harvard University’s decision to reject the Trump administration …

    Source: Palo Alto Online - California - Neutral

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