A report from the Internal Revenue Service released last week indicated that officials are devoting much of the agency’s recent funding windfall toward audits even as the degree to which the actions will impact everyday taxpayers remains uncertain.
The Internal Revenue Service (IRS) does not yet know the details of how the Biden admin's approval of an $80 billion windfall will affect middle-class audits.
The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U.S. can sidestep an economic crisis.
On Friday, Treasury Secretary Janet Yellen wrote a letter to congressional leaders warning that the U.S. would hit its debt limit on January 19 and encouraged Congress to "act promptly to protect the full faith and credit of the United States," CNBC reported.
House Republicans open investigation into Joe Biden and his family regarding their foreign business practices, international influence peddling schemes, and suspected suspicious activities.
House Ways and Means Committee releases Trump's tax returns from 2015-2020 after legal battle to investigate potential violations of Constitution's emoluments clauses and proper auditing by IRS.
The Internal Revenue Service (IRS) on Friday announced it would delay a rule that would have required tens of millions of Americans who received payments of at least $600 to report their earnings, following widespread confusion and angst about the new requirements.
