House Committee Now Has Six Years of Trump’s Tax Returns

A U.S. House of Representatives committee has obtained Donald Trump’s tax returns, following a years-long court fight with the Republican former president who accused the Democratic-led panel of being politically motivated, CNN reported on Wednesday.

Report: Congressional Budget Office Contradicts White House on IRS Expansion Bill

A Congressional Budget Office report found that the Internal Revenue Service will collect billions of dollars from auditing low- and middle-income Americans under the White House-backed “Inflation Reduction Act,” contradicting Biden administration claims, according to Republicans on the House Ways and Means Committee.

Justice Dept Says IRS Must Give Trump’s Tax Returns to Congress

The U.S. Justice Department on Friday ordered the Internal Revenue Service to hand over former President Donald Trump’s tax returns to a House of Representatives committee, saying the panel has offered “sufficient reasons” for requesting the material.

IRS denies Christian political activism group tax-exempt status, says its Bible teachings are affiliated with Republican party

The Internal Revenue Service has denied tax-exempt status to the non-profit political activism group Christians Engaged, asserting that the group’s Bible teachings typically align with Republican party policies, and that it engages in “prohibited political campaign intervention.” The Texas-based organization is appealing the decision, asserting that the IRS denied tax exemption because Christians Engaged “teaches biblical values.”

Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016

Individual income taxes are the federal government’s single biggest revenue source. In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.

IRS to crack down on Obamacare declarations next year

The Internal Revenue Service will not accept electronically filed tax returns for the upcoming filing season in which people fail to note whether they have health insurance, according to an agency announcement that is a reversal of informal policy under the Obama administration.

Feds Collect Record Income and Payroll Taxes Through July

The federal government collected record amounts of both individual income taxes and payroll taxes through the first ten months of fiscal 2017 (Oct. 1, 2016 through the end of July), according to the Monthly Treasury Statement.

Worthy Christian News