https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4
Skip to content 
The IRS says pastors who endorse political candidates from the pulpit should not have to risk losing their tax-exempt status. The move effectively calls for a carve out for religious organizations from the rarely used IRS rule called the Johnson Amendment, put in place in 1954 and named after then-Sen. Lyndon Johnson. In a joint court filing … Read more
The U.S. Supreme Court has declined to hear an appeal from a Coinbase user, allowing the IRS to access data from the exchange’s users. The Supreme Court sided with the Internal Revenue Service in a major financial privacy case. On Monday, June 30, the Court declined to hear an appeal from James Harper, a Coinbase … Read more
Crypto investors are poised for record returns on Bitcoin and other digital assets—and so, too, is the taxman. The Internal Revenue Service has sent U.S. crypto investors a flood of warning letters about their digital asset investments over the past two months. The volume of letters—which warn taxpayers that crypto investments they declared on their … Read more
U.S. crypto investors are receiving IRS warning letters at a dramatically higher rate, with CoinLedger reporting a 758% increase over the past 60 days. The spike has also been confirmed by accounting firms like Taxing Cryptocurrency, CoinLedger CEO David Kemmerer told The Block. Many recipients are everyday investors who are “shocked” to receive notices, despite … Read more
The budget bill championed by President Donald Trump could complicate next year’s tax filing season after the IRS lost one-quarter of its employees through staffing cuts, an independent watchdog reported Wednesday. The IRS workforce has fallen from 102,113 workers to 75,702 over the past year, according to the latest National Taxpayer Advocate report to Congress. The report Wednesday offered the first … Read more
WASHINGTON (AP) — A former congressman who sponsored legislation to abolish the IRS and is now the nominee to lead that agency faced pointed questions from senators Tuesday about his past promotion of questionable tax credits, his lack of background in tax administration and the political contributions he received after being picked to lead the … Read more
Coinbase filed an amicus brief in a U.S. Supreme Court case involving crypto and potential IRS privacy violations. In a case challenging the Internal Revenue Service’s handling of user crypto data, Coinbase was the latest to weigh in. On April 30, the exchange filed an amicus brief to the U.S. Supreme Court in the Harper … Read more
The height of tax season was the height of turmoil at the IRS. The agency shuffled through three acting directors over the course of a week. It’s preparing to lose tens of thousands of workers to layoffs and voluntary retirements. And President Donald Trump is weighing in on which nonprofits should lose their tax-exempt status, an incursion into the agency’s … Read more
The interim commissioner of the Internal Revenue Service was ousted Friday after Treasury Secretary Scott Bessent reportedly complained to President Donald Trump that the world’s richest man Elon Musk had instituted the new leader without his knowledge, five unnamed people told the New York Times. Although the tax-collection agency reports to Bessent, the Treasury Secretary … Read more
The Trump administration plans to eliminate the IRS’ Direct File program, an electronic system for filing tax returns directly to the agency for free, according to two people familiar with the decision. The program developed during Joe Biden’s presidency was credited by users with making tax filing easy, fast and economical. But Republican lawmakers and commercial tax preparation companies … Read more
https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4