irs
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President Trump Is the Dikembe Mutombo of Blocking…His Taxes
President Trump was never going to show his taxes. We knew this in 2015 when he was running for president and claimed that his taxes were being held up by an audit by the IRS. Then we learned that an audit wouldn’t stop the president from releasing his taxes. But he still wouldn’t release them.…
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FBI, IRS Agents Search City Hall, Homes of Baltimore Mayor Catherine Pugh
On Thursday, federal agents executed a number of search warrants as the investigations into whether Baltimore Mayor Catherine Pugh illegally profited from a no-bid book deal intensified. CNN reports that the FBI and criminal investigators from the Internal Revenue Service searched the home of the Democratic mayor, an additional residence she owns, the downtown office…
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Richard Neal Won't Back Down From Hunt for Trump's Tax Returns
House Ways and Means Chairman Richard Neal won’t back down. He still wants to see six years of Donald Trump’s personal and business tax returns. He sent a letter to IRS Commissioner Charles Rettig saying as much. In Neal’s two-page letter, he explains his belief that his committee is within its rights to request Trump’s…
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Racism by the Numbers: How the Internal Revenue Service Targets Poor Black Taxpayers
Every single one of the 10 counties with the highest rates of Internal Revenue Service tax audits are overwhelmingly black. The 10 counties where the IRS audits the least are disproportionately white, with very few black residents. Sometimes, there is no need to beat around the bush. According to a new report from TaxNotes by…
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Steve Mnuchin Says He Will Comply With Law to Release Trump’s Tax Returns, Maybe
During a two-hour hearing on Capitol Hill, Treasury Secretary Steve Mnuchin made it clear that he would comply with an obscure law that could compel him to turn over Trump’s records. CNN reports that Mnuchin, himself no stranger to grift, told Democrats that he would comply with U.S. tax code section 6103, which allows three…
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White House Directs IRS to Issue Tax Refunds, Narrowly Averting Bag Security-Related Backlash
The Trump administration contradicted all Republican logic, reversed precedent set by previous administrations and may have broken the law by announcing that the Internal Revenue Service will not delay the running of your money because the IRS will issue tax refunds during the federal government shutdown. More than 90 percent of IRS employees were sent…
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The IRS Wants All of Its Money From Aretha Franklin, Who Reportedly Owed Millions in Back Taxes
The Internal Revenue Service is a goon when it comes to its money. The tax org gets its money in life…or in death. Sigh. Aretha Franklin’s estate reportedly owes $6.3 million in unpaid taxes and $1.5 million in penalties attributed to the late legendary singer from 2012 to 2018, according to TMZ. The huge tax…
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Thanks to a Glitch on the IRS Website, You Now Have an Extra Day to File Your Taxes
If you, like me, waited until the eleventh hour to even think about getting your taxes filed, you have just been given a reprieve by the IRS. On Tuesday morning, the day income taxes were due, the IRS experienced system issues with its website, and many services were unavailable throughout the day. In a statement…
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Floyd Mayweather Jr.: I’ve Paid the IRS $26,000,000
Floyd “Money” Mayweather wants to make it clear that he isn’t ducking paying his taxes. In fact, the undefeated fighter, who is set to take on the Great White Hope in August, claims that he paid the IRS $26 million in 2015. “What else could they possibly want?!” Mayweather told TMZ Sports. The pound-for-pound champ…
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The Real Reason Floyd Mayweather Is Fighting Conor McGregor
Floyd “Money” Mayweather Jr. is rich. Superrich. He’s also really shallow and vapid. As such, he has 100 girlfriends and almost as many cars. It’s hard to keep up with the reported $700 million he’s made during his fight career, but at one point, Mayweather was burning $100 bills in the club. Well, it turns…