Category: Internal Revenue Service

Top Treasury Lawyer Resigns After Creation of ‘Anti-Weaponization Fund’

The New York Times – Business:
Brian Morrissey, the department’s general counsel, stepped down hours after the Trump administration announced the $1.8 billion fund.
Top Treasury Lawyer Resigns After Creation of ‘Anti-Weaponization Fund’

The New York Times – Business:
Brian Morrissey, the department’s general counsel, stepped down hours after the Trump administration announced the $1.8 billion fund.
Justice Dept. Announces $1.8 Billion Fund in Settling I.R.S. Suit

The New York Times – Business:
The dismissal appears to be part of the Trump administration’s effort to effectively settle the case, which stemmed from the leak of his tax returns in 2019.
Trump Administration Weighs $1.7 Billion Fund for Allies Investigated Under Biden

The New York Times – Business:
Critics denounced the highly unusual plan, which has yet to be finalized or approved, as a vast political slush fund financed by taxpayers.
Trump Administration Pushes I.R.S. to Identify Undocumented Immigrants

The New York Times – Business:
The deliberations are a sign that the Trump administration may once again try to harness the power of the I.R.S. to advance its immigration agenda.
Justice Dept. Officials Consider Settling Trump Suit Against I.R.S.

The New York Times – Business:
One of the settlement terms under review is for the I.R.S. to drop any audits of the president, his family members and businesses.
You May Be Owed a Tax Refund From the Covid Era

The New York Times – Business:
A court ruling found that the I.R.S. shouldn’t have charged penalties and interest during the pandemic. But the government may appeal the decision.
Senators Say Lawyers Helped Wealthy Clients Dodge Taxes in Puerto Rico

The New York Times – Business:
Rich Americans are writing off taxes they owed before they moved to Puerto Rico, the Senate Finance Committee says.
Judge Asks Justice Department: Will You Oppose Trump?

The New York Times – Business:
A federal judge has ordered the Justice Department to explain whether it intends to contest President Trump’s $10 billion lawsuit against the I.R.S. over the disclosure of his tax returns.
More Americans Taking 401(k) Hardship Withdrawals

The New York Times – Business:
More Americans are taking hardship withdrawals from workplace retirement accounts, prompted by rising costs — and looser rules.
Trump Seeks More Time in Lawsuit Against IRS Over His Tax Returns

The New York Times – Business:
The Justice Department has not responded to the president’s suit, which has created a conflict of interest for the government’s lawyers.
Justice Dept. Struggles to Respond to Trump’s Suit Against IRS

The New York Times – Business:
Officials at the department and the White House are in the middle of a messy and complicated debate over how to respond to President Trump’s lawsuit demanding $10 billion from the I.R.S.