WASHINGTON (AP) — The Trump administration has agreed to a “very substantial” payout and is apologizing to tea party groups to settle lawsuits over the extra, often burdensome IRS scrutiny they received when applying for tax-exempt status during the 2012 election. Eddie Greim, a lawyer representing more than 400 groups in a class-action suit, provided … Continue reading
WASHINGTON (AP) — Each year, taxpayers subsidize America’s homeowners by roughly $70 billion, with the benefits flowing disproportionately to coastal areas with high incomes and pricey homes, from New York and Washington to Los Angeles and San Francisco. The subsidy for homeowners comes in the form of a deduction from their taxes for the interest … Continue reading
SAN FRANCISCO (AP) — The IRS obtained a court order Wednesday allowing it to seek the names of people who may have failed to pay taxes on virtual currency exchanged through a San Francisco company. The order allows the agency to issue a summons on Coinbase Inc. for the names of U.S. taxpayers who have … Continue reading
SEOUL, South Korea (AP) — North Korea said it conducted a “higher level” nuclear test explosion on Friday that will allow it to finally build “at will” an array of stronger, smaller and lighter nuclear weapons. It was the North’s fifth atomic test and the second in eight months. South Korea’s president called the detonation, … Continue reading
NORFOLK, Va. – Norfolk police are warning residents to be wary of a phone scam involving Internal Revenue Service impersonators. In the past five months, police have filed over 30 police reports from people stating the IRS had called them, and they were threatened with arrest if they did not pay an outstanding tax bill … Continue reading
WASHINGTON (AP) — Wednesday is the deadline for filing income tax returns, a day long associated with the dread of rushing to fill out complicated forms and, perhaps, making a payment to Uncle Sam. But for most, it’s not that bad. Aside from the complicated forms, tax season generates $300 billion in tax refunds each … Continue reading
Spartan Echo 