IRS

The IRS has stated that it inadvertently posted the confidential information of 120,000 individuals to a public website before discovering the error.

On Friday, officials from Treasury Department announced that the Internal Revenue Service (IRS) had accidentally published confidential information pertaining to approximately 120,000 taxpayers’ retirement accounts on its website.

Despite claims from Biden administration officials that new funding for the Internal Revenue Service (IRS) will not increase the auditing burden on individuals and small businesses, a Friday letter from the Congressional Budget Office (CBO) reveals new auditing activity targeting taxpayers who report less than $400,000 per year will be expected to contribute to about $4 billion in revenue.

Data shows the IRS has a long track record of misusing service weapons and proper required training for agents using them.

The Internal Revenue Service will establish a centralized office to implement elements of the tax and spending bill that President Joe Biden signed last week, including almost 87,000 new IRS agents, the agency’s chief says.

Small businesses and freelancers fear that IRS agents will target them first because of new 'Inflation Reduction Act.'

The Internal Revenue Service has spent tens of millions of U.S. taxpayer dollars purchasing guns, ammunition, and military-style equipment.

The Inflation Reduction Act, passed by both houses, includes a 15 percent corporate minimum tax, which will be a major step toward increased government powers and forced globalization on top of being detrimental to the economy.

President Joe Biden signed the Inflation Reduction Act into law on Tuesday, a move heralded by the Biden administration as a huge win and by Republicans as a devastating loss.

West Virginia Senator Joe Manchin recently claimed the 15 percent corporate minimum tax contained in the Inflation Reduction Act, which should be called the Inflation Creation Act, is not a tax increase.