http://ec2-34-197-6-90.compute-1.amazonaws.com 2026-04-28T09:43:03+01:00 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1627749910 July 30, 2021 The Department of Justice just released an opinion stating that former President Trump’s income tax returns must be released by the IRS to Congress. CNBC reports: The decision comes more than a year after the U.S. Supreme Court said that Trump’s tax returns and other financial records had to be turned over by his longtime accountants to Manhattan District Attorney Cyrus Vance Jr., because of a subpoena issued as part of Vance’s criminal probe of the Trump Organization. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1602082930 10-6-20 he Second Circuit Court of Appeals on Wednesday ruled in favor of a lower court decision that would force President Trump to comply with a subpoena from Manhattan District Attorney Cy Vance for eight years of his financial records. What's next: Trump is expected to attempt appealing the decision in the Supreme Court, per the New York Times, although Vance has agreed to not enforce a subpoena for 12 days as long as the president's lawyers move quickly. The Supreme Court ruled this summer that presidents are not immune from investigation, denying Trump the sweeping grant of presidential power he had asked for to fight against prosecutors accessing his records. The bottom line: An explosive New York Times report released last month, which included more than two decades' worth of tax-return data, laid bare allegations that Trump paid $750 in federal income taxes in 2016 and 2017, and has over $300 million in personal debt obligations coming due in the next four years. Read the filing. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1601661940 10-1-20 The New York Times’ claim that President Donald Trump paid just $750 in federal income taxes in 2016 and 2017 is wrong, based on a flawed understanding of how taxes are paid. The figures below, drawn from the New York Times’s own analysis of Trump’s tax-return data for 2017, show that Trump paid $7,435,857 in taxes in 2017. The Times says the tax return data show that Trump’s earnings were negative for the year, so he owned nothing in regular income taxes. But he was subject to the Alternative Minimum Tax (AMT), a parallel tax system aimed at making sure wealthy people cannot use deductions to eliminate their tax liability altogether. According to the Times, “the A. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1600874946 9-21-20 The Internal Revenue Service (IRS) is set to contact 9 million Americans who haven’t claimed stimulus checks that were largely sent out earlier this year. While most Americans have received the assistance, some never claimed their checks, under the CARES Act, after they were mailed starting in April. The agency stated it will begin mailing letters to people who may qualify for the money on Sept. 24, to tell recipients they might be eligible for the stimulus payment. The potential recipients will have to meet certain criteria, however, such as being a citizen or a permanent resident with a valid Social Security number. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1584806289 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1572614328 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1560265435 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1546535843 12-27-18 As we settle in for what may be a long shutdown of the not yet funded parts of the federal government, including the IRS, frequent commenter and occasional guest blogger, Bob Kamman, brings us a post on what to expect at the IRS. I know from email traffic among tax clinics that the fax machine at the CAF unit has been turned off meaning that those trying to notify the IRS of the power of attorney must wait for the IRS to reopen before sending in form. The turning off of the CAF fax machine is just one tangible way of knowing that the IRS has shifted to shut down mode. Bob gives an employee by employee breakdown of who is working.   We wrote previously about a law suit brought by National Taxpayer Advocate Nina Olson after the Taxpayer Advocate Service was deemed non-essential in its entirety during one of the most recent shutdowns. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1545068810 12-15-18 In a possibly calculated move designed to limit press coverage, the FBI on Friday released a document shedding light on what former FBI Director James Comey briefed President-Elect Donald Trump and President Obama about regarding the Steele dossier. It also includes what Comey left out of his briefing. Most tellingly, that the bureau claimed Steele worked for "private clients" when the Democratic National Committee and Clinton campaign had hired him. (The Daily Caller)   The FBI on Friday released a two-page document that sheds some light on what former FBI Director James Comey briefed to President-Elect Donald Trump and President Obama regarding the infamous Steele dossier. The document, first reported by Politico, asserts that Christopher Steele, the former British spy who compiled the dossier, was working “on behalf of private clients” in his investigation of Trump’s possible ties to Russia. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1541087329 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1537976109 9-25-18 Over the past several days Project Veritas has published a number of videos featuring its undercover journalists exposing “Deep State” operatives within various federal agencies. On Tuesday, the group released another video, and it’s every bit the ‘bombshell’ the previous videos have been. The latest video – the fourth in the series thus far – features two people identified as employees of the Internal Revenue Service claiming that the agency’s former commissioner, John Koskinen, actually deleted emails so as to hide them from investigators so he could cover up a major IRS scandal. As reported by Breitbart News, the two employees are seen condoning the IRS’ “unjust treatment” of conservative non-profit groups in the run-up to the 2012 election, “and one seems to affirm allegations that the former IRS commissioner appointed by Barack Obama deleted evidence to cover up that scandal.” One of the named employees is identified as IRS lawyer Jerry Semasek who said “mistakes were made” in the way the agency handled the discrimination scandal involving several 501(c)(4) non-profit organizations that had names like “tea party” or “patriots” in them. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1534437323 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1531233733 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1531155362 7-6-18 Have overdue tax bills? Now the Internal Revenue Service (IRS) may deny you a passport. At least 362,000 Americans are in danger of having their passports denied or being unable to renew unless they pay up, according to the IRS. Some have already experienced the penalty. The passport policy is the consequence of a law that went into effect this year and applies to those with more than $51,000 in “seriously delinquent” tax payments, including penalties and interest. It also generally applies to those for whom a federal lien has been filed. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1524586970 4-22-18 A demand from atheists that the IRS bill churches and other religious organizations a total of some $1 billion would violate freedom of worship and destroy many congregations, a new court brief contends. In a case now at the Seventh U.S. Circuit Court of Appeals, churches are seeking to overturn a stunning district court decision by Judge Barbara Crabb. At issue is the tax exemption provided for employees whose housing is determined by their employer. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1524500652 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1524237897 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1508604862 10-21-17 The IRS plans to crack down on tax payers who do not make health insurance declarations. washingtonexaminer.com reports: 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.   Failure to note health insurance status could result in tax refund delays, according to the IRS. "The IRS will not accept the electronic tax return until the taxpayer indicates whether they had coverage, had an exemption or will make a shared responsibility payment," the agency said in a statement. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.net http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/irs/news.php?q=1491669215 4-8-17 The IRS seized millions dollars from innocent individuals and businesses because it was easier than targeting terrorists and drug dealers, a new report from the Treasury Department’s internal watchdog has revealed. A report from Treasury’s Inspector General found that the IRS misused a law aimed at cracking down on organized crime and terrorism to target innocent individuals and businesses. Agents adopted a policy of seizing cash before investigating for other wrongdoing because it was just easier to seize the money of innocent people than hardened criminals and terrorists. “One of the reasons why legal source cases were pursued was that the Department of Justice had encouraged task forces to engage in ‘quick hits,’ where property was more quickly seized and more quickly resolved through negotiation, rather than pursuing cases with other criminal activity (such as drug trafficking and money laundering), which are more time-consuming,” according to the report . The report looks at the IRS practice of seizing cash from businesses and individuals suspected of committing “structuring,” an illegal act that involves intentionally splitting up large sums of cash into amounts less than $10,000 to avoid a reporting requirement.