Michael Cohen’s $130,000 payoff to porn star Stormy Daniels to quiet her story about an alleged affair with President Trump may have constituted tax fraud if he didn’t report the payment to the Internal Revenue Service, a former IRS investigator wrote in The Daily Beast on Wednesday. Martin Sheil, who retired as a branch chief…
The nonprofit run by white nationalist Richard Spencer has lost its tax-exempt status for failing to file tax returns with the federal government, the Los Angeles Times reported on Monday. “I don’t know what to say. I don’t want to make a comment because I don’t understand this stuff,” Spencer told the Los Angeles Times….
An appeals court upheld a lower court’s ruling that a lawsuit challenging the Internal Revenue Service’s scrutiny of Israel-related groups may proceed. The U.S. Court of Appeals for the District of Columbia on June 19 ruled against the government’s argument that Z Street’s 2010 lawsuit should be dismissed under laws banning lawsuits that seek to…
A federal judge ruled that a lawsuit challenging the Internal Revenue Service’s scrutiny of Israel-related groups may proceed. Judge Ketanji Brown Jackson of the U.S. District Court in Washington D.C. on May 27 dismissed U.S. government claims that federal courts lack jurisdiction over the lawsuit filed in 2010 by an Israel advocacy group, Z Street….
Israel may still be a safe haven for Jews around the world, but it is no longer their tax shelter. Thanks to a new agreement signed on May 1, Israel will turn over to the U.S. Internal Revenue Service information on all American citizens holding accounts in Israeli banks. As a result, Americans trying to…
Israel has become the latest country to reach a tax information-sharing agreement with the United States under a new law meant to combat offshore tax dodging by Americans, a U.S. Treasury Department spokesperson said on Thursday. Set to take effect on July 1, the Foreign Account Tax Compliance Act of 2010 (FATCA) will require foreign…
Getty Images You can add the IRS to the long list of institutions, including public schools and corporations, that still haven’t caught up with the reality that women work now too. As Think Progress reports, married women who earn about the same as their husbands are hit with a big tax bill. And the more…
The Internal Revenue Service is an easy target for anger and disdain, especially now, as the deadline to file income taxes approaches and the IRS hasn’t quite recovered from the public battering it is receiving over questionable audits of politicized organizations. We don’t mean to pile on. But the startling story reported by our Nathan…
100% of profits support our journalism
