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The Latest Breaking News from IRS

Did you earn interest on your high-yield savings account this year? Prepare to pay taxes on it

Interest earned on certain bonds and deposit accounts are taxed like ordinary income.

Fortune

IRS Targeting More Supposedly 'High-Income' Americans Than Advertised

Don’t count on that promise to not hike taxes on “people making less than $400,000.”

Reason

Earn too much for a Roth IRA? You can still score tax-free retirement income with this strategy.

High earners could benefit from conversion, but be mindful of the tax bill.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Want tax-free retirement income? See if you should choose a Roth IRA or 401(k).

Both accounts are top-notch ways to save for retirement, but if you have a Roth 401(k) at work, it will likely be the winner.

Fortune

Why the power of a US attorney has become a flashpoint in the Hunter Biden case

House Republicans have grilled Attorney General Merrick Garland about the Justice Department investigation of Hunter Biden in a contentious hearing that delved into aspects of the criminal justice system that typically play out long before the case enters a public courtroom

The Independent UK

Hunter Biden whistleblower allegations in question following testimony from new FBI and IRS witnesses

Key claim used by House GOP to justify impeachment inquiry cast into doubt

The Independent UK

Attorney General Garland set to face his GOP critics as Justice Department is under heavy scrutiny

Attorney General Merrick Garland is set to come face-to-face with his most ardent critics as House Republicans prepare to use a routine oversight hearing to interrogate him about what they claim is the “weaponization” of the Justice Department under President Joe Biden

The Independent UK

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Spending Other People's Money

Plus: Separating child poverty facts from fiction, EU will ban payments for sperm and blood, and more...

Reason

Hunter Biden has gone on the offensive against Republicans. That could be tricky for the president.

Hunter Biden has gone on the offensive against his Republican critics

The Independent UK

Hunter Biden fires back, sues IRS

Biden accuses IRS agents of “engaging in a campaign to publicly smear” him and unlawfully releasing his tax info

Salon

Hunter Biden sues IRS for breaching his privacy rights over tax affairs

President’s son is facing criminal charges over gun possession and is expected to be indicted on tax matters

The Guardian - US

Hunter Biden sues US tax agency over disclosures of personal information

US president’s son accuses two IRS agents of wrongly sharing his tax information in effort to ’embarrass’ him.

Al Jazeera

Freed Americans on flight bound for US as families hold ‘emotional call’ with president Biden – as it happened

Five freed Americans on plane that has now left Doha; Biden announces new sanctions on Iran

The Guardian - US

Hunter Biden sues the IRS over tax disclosures after agent testimony

Hunter Biden has filed a lawsuit against the Internal Revenue Service, arguing that two agents violated his right to privacy when they publicly aired his tax information as they pressed claims that a federal investigation of him had been improperly handled

The Independent UK

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news in one place.

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The Independent UK

Hunter Biden sues IRS claiming they unlawfully shared his tax information

Lawsuit states IRS employees ‘repeatedly and intentionally’ disclosed Hunter Biden’s ‘protected tax return information’

Reason

There's Plenty of Evidence of Corruption Around Biden

When talking heads say “no evidence,” they mean “no smoking-gun proof.”

The Hindu

Rahul Navin appointed in-charge Director of ED

According to an official order, Rahul Navin, a 1993-batch IRS officer, will be in-charge Director of the Enforcement Directorate till the appointment of a regular Director or until further orders. Navin is currently the ED’s special director.

The Independent UK

IRS will pause taking claims for pandemic-era tax credit due to an influx of fraudulent claims

The Internal Revenue Service said Thursday it will pause accepting claims for a pandemic-era tax credit until 2024 due to rising concerns that an influx of applications are fraudulent

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news in one place.

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Kiplinger

A Little-Known Tax-Free Way To Help Pay Your Student Loan

Employers can provide valuable assistance with employee student loan repayments.

The Independent UK

Santos misses extended deadline to file financial disclosure, blames fear of a 'rushed job'

U.S. Rep. George Santos has missed another deadline to submit a key financial disclosure report to the House Committee on Ethics

The Independent UK

Vivek Ramaswamy proposes mass federal layoffs as more GOP hopefuls look to slash US government

Republican presidential hopeful Vivek Ramaswamy says he wants to reduce the federal employee headcount by half in his first year in office and by 75% during his first term if he makes it to the White House

The Hindu

Jayaram Raipura transferred out of BBMP

BBMP Special Commissioner (Finance) Jayaram Raipura transferred; Shivananda Kalakeri replaces him. Kalakeri was serving as Special Commissioner, Cane Development & Director of Sugar, Belagavi. Raipura had been actively engaged in BBMP activities, including revamping Indira Canteens.

Kiplinger

Tax Tips for National Preparedness Month

National Preparedness IRS tips can help you protect and secure documents from disasters like storms, hurricanes, and fires.

Kiplinger

Gov. Kemp Georgia Gas Tax Suspension Following Hurricane Helene Ends Soon

Georgians have a few more days break from paying state gas tax at the pump.

The Independent UK

What's ahead now that Republicans are opening an impeachment inquiry into President Joe Biden

House Speaker Kevin McCarthy has launched an impeachment inquiry against President Joe Biden

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