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The Latest Breaking News from IRS

The IRS is coming for crypto — but it’s complicated

The agency wants to make sure those who dabble in digital assets pay their fair share of taxes

Axios

A Texas program that backs school districts’ bond debt is about to reach its limit — and it could mean raising taxes

Under the state’s Permanent School Fund’s Bond Guarantee Program, schools get the best interest rate on bonds. That soon may be over if the federal government doesn’t act.

The Texas Tribune

House committee gets access to long-sought Trump tax returns

WASHINGTON — A U.S. House committee can now get a look at six years of Donald Trump’s tax returns, a week after the Supreme Court cleared the way for their release.

Tribune News Service

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Treasury turns over Trump tax returns sought by House committee

WASHINGTON — The Treasury Department turned over six years of Donald Trump’s tax returns to a House committee after the Supreme Court cleared the way for the release.

Tribune News Service

Kanye West claims he owes nearly $50m in taxes

The rapper said that his accounts were blocked by the IRS due to the money owed

The Independent UK

Experts: Court will slam Cannon's order

"I would be shocked if the 11th Circuit does not overturn Judge Cannon's order," former prosecutor says

Salon

Expert: Trump may have committed felony

Former federal prosecutor says Trump may be "subject to up to five years in prison"

Salon

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Editorial: New revelations of Trump's abuse of power are timely reminders of his unfitness

With Donald Trump’s announcement of his new presidential campaign comes a timely reminder of what kind of a man is asking Americans to put him in charge again: Trump’s former chief of staff, John Kelly, now confirms that Trump, while in office, routinely sought to use and abuse the powers…

St. Louis Post-Dispatch

Julie Chrisley admits 'living in fear' before being sent to jail alongside husband Todd

Reality star Julie Chrisley admitted 'living in fear' before being sentenced to a combined 19 years in prison for fraud and tax evasion alongside husband Todd

Daily Mirror

How optimism can close the Medicaid coverage gap

More than 2 million low-income people — half of them in Florida and Texas — are uninsured because they are stuck in a coverage gap: They earn too much to qualify for Medicaid, but because of a quirk of the Affordable Care Act, they earn too little to qualify for…

Tribune News Service

Editorial: Turn ’em over, Donald: Congress has a right to see Trump’s taxes

When Richie Neal was mayor of Springfield, in Western Massachusetts, in the 1980s, Donald Trump was a lying Manhattan real estate promoter who routinely cheated those who were foolish enough to do business with him. God knows what Trump’s tax returns looked like, but those suspect documents were a matter…

Tribune News Service

Crypto customers looking to write-off FTX investments for taxes will need to wait

FTX customers may be facing huge losses, but most are in a holding pattern until bankruptcy proceedings bring some clarity and order to how the failed cryptocurrency exchange's assets will be handled.

Fortune

With the GOP in control of the House, here's who's likely to lead key committees

House Republicans make up the majority in the House of Representatives for the 118th Congress. Here's a rundown of the lawmakers likely gaining power in key panels at the beginning of the new year.

WEKU

Why do Democrats care about Donald Trump’s tax returns?

A 2016 issue erupted into full-fledged scandal during Trump’s presidency

The Independent UK

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Los Angeles Times

Supreme Court rejects Trump plea to shield taxes from House committee

WASHINGTON — The Supreme Court on Tuesday denied President Donald Trump's plea to shield his tax returns from being turned over to a House committee.

Daily Mirror

Todd and Julie Chrisley sentenced to combined 19 years in prison for fraud and tax evasion

Reality TV stars Todd and Julie Chrisley have been sentenced to a combined 19 years behind bars for fraud and tax evasion, according to the U.S. attorney's office

Roll Call

Supreme Court denies Trump bid to keep tax records from House - Roll Call

The Supreme Court cleared the way for the Ways and Means panel to get six years of former President Donald Trump’s tax returns from the IRS.

The Independent UK

Todd and Julie Chrisley sentenced for fraud and tax crimes

The “Chrisley Knows Best” couple were found guilty in June of conspiracy to defraud banks out of more than $30 million

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news in one place.

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WEKU

Reality TV's Chrisleys get hefty sentences in fraud case

Reality TV stars Todd and Julie Chrisley were sentenced Monday to lengthy prison terms after being convicted earlier this year on charges including bank fraud and tax evasion.

Tribune News Service

Todd and Julie Chrisley sentenced to federal prison in tax evasion case

ATLANTA — Reality TV stars Todd and Julie Chrisley were sentenced to prison in federal court Monday.

Salon

Jordan smear campaign against Jack Smith

Jordan is already planning to investigate the DOJ prosecutor investigating Trump

The Independent UK

Todd and Julie Chrisley sentenced for fraud and tax crimes

Reality TV Stars Julie and Todd Chrisley were sentenced to prison in federal court Monday.

The Independent UK

Todd and Julie Chrisley: Reality TV stars to be sentenced in tax fraud case

Federal prosecutors say reality TV stars Todd and Julie Chrisley were driven by greed as they engaged in an extensive bank fraud scheme and then hid their wealth from tax authorities while flaunting their lavish lifestyle

Tribune News Service

Alexis Leondis: FTX users can’t count on help from the IRS

When market investors suffer losses — or get taken for a ride — they’re often eligible for a tax write-off to soften the blow. Users of the bankrupt crypto exchange FTX won’t be so lucky.

The Independent UK

IRS contractor gets more scrutiny in congressional report

House investigators say a federal contractor that provided identity verification services for the Internal Revenue Service overstated its capacity to perform its services

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