Tag: #irs

GAO: Tax Fraud Likely Costs U.S. $116–$304 Billion a Year; IRS Lacks Agencywide Antifraud Strategy

GAO estimates federal tax fraud costs $116–$304 billion a year and says the IRS lacks an agencywide antifraud strategy and a designated coordinating office.

#tax, #irs, #gaoreport, #fraud

Treasury, IRS propose revoking tax-exempt status for private schools that use race-based policies

Treasury and the IRS propose denying federal tax-exempt status to private schools that discriminate on the basis of race in admissions, scholarships, athletics or programs.

#taxes, #education, #treasury, #irs

Warren Accuses IRS CEO of Downplaying Staffing Shortages After 31,000 Departures

Sen. Elizabeth Warren pressed IRS CEO Frank Bisignano to explain his comments that staffing was sufficient, after watchdog reported roughly 31,000 departures.

#irs, #elizabethwarren, #oversight, #staffing

May 18 settlement ends Trump's tax-leak suit with $1.776 billion 'Anti-Weaponization' fund, no direct payment

A May 18 DOJ settlement resolves Trump's tax-leak lawsuit without payments to him, creating a $1.776 billion Anti-Weaponization Fund and raising legal questions.

#trump, #doj, #irs, #settlement, #judgmentfund