News

With Harvard Threat, Trump Tries to Bend the I.R.S. to His Will
Since the post-Nixon era, the Internal Revenue Service has had a degree of independence from the White House. President Trump ...
US Treasury's Bessent ousts IRS acting chief, names deputy to temporary role
U.S. Treasury Secretary Scott Bessent confirmed on Friday that Deputy Treasury Secretary Michael Faulkender has been ...
Trump wants to 'abolish' the IRS and replace federal income tax revenue with tariffs on imports — how would such a move affect middle-class Americans?
U.S. President Donald Trump plans to replace income taxes with tariffs, but what does that mean for the average middle-class ...
Head of I.R.S. Is Ousted in Treasury’s Power Struggle With Elon Musk
Treasury Secretary Scott Bessent complained to President Trump that the acting commissioner had been installed without his ...
AlterNet on MSN17h
'Tax cheat' Donald Trump ripped by Dem Senator after IRS refuses to close loophole
The Trump administration quietly announced Thursday that it is abandoning a Biden-era effort to close a loophole that allows ...
MiBolsilloColombia on MSN7h
Musk's search for efficiency with cuts: Will he speed up procedures and services?
Elon Musk, as head of the Department of Government Efficiency, targets the IRS for significant workforce reductions.
The IRS just gave NC residents an even later tax deadline, now in early fall
The IRS extended the tax deadline for all North Carolina residents. North Carolina residents have until Thursday, May 1 to ...
Benzinga on MSN22h
IRS Delivers Massive Blow to Migrants
Federal agencies have worked on a proposal to use IRS tax records to locate undocumented immigrants with final deportation ...
Trump could test boundaries of law with crackdown on left-wing tax-exempt groups
President Donald Trump is weighing a crackdown on the tax-exempt status of left-wing groups, an exercise of executive power that would test his authority under the law. Trump has directed the Internal ...
AOL12h
Trump Wants To Eliminate Income Taxes: Here’s How Much Extra You’d Take Home If You Make $100K a Year
President Donald Trump has said that he’d like to eliminate the Internal Revenue Service and with it income tax. His plan ...