Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "I.R.S"


25 mentions found


Former President Donald J. Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled Chicago tower, according to an Internal Revenue Service inquiry uncovered by The New York Times and ProPublica. Losing a yearslong audit battle over the claim could mean a tax bill of more than $100 million. The 92-story, glass-sheathed skyscraper along the Chicago River is the tallest and, at least for now, the last major construction project by Mr. Trump. But when Mr. Trump sought to reap tax benefits from his losses, the I.R.S. That move resulted in Mr. Trump reporting losses as high as $651 million for the year, The Times and ProPublica found.
Persons: Donald J, Trump, ProPublica Organizations: Internal Revenue, The New York Times, Mr, Times Locations: Chicago
In a letter to Attorney General Merrick Garland this week, the Republican senator Josh Hawley demanded a federal investigation into dark money groups subsidizing “pro-terrorist student organizations” holding anti-Israel protests on college campuses. He cited Politico reporting linking big liberal philanthropies to some pro-Palestinian organizers. Open Society Foundations, for example, founded by the oft-demonized George Soros, has given grants to the anti-Zionist Jewish Voice for Peace, which has an active university presence. That’s one reason I fear that the backlash to the pro-Palestinian campus movement — which includes lawsuits, hearings and legislation — could help Republicans wage war on progressive nonprofits more broadly. If they do, the right would be following a well-worn authoritarian playbook.
Persons: General Merrick Garland, Josh Hawley, George Soros, Hawley, , Garland, Donald Trump, Trump, Rachel Kleinfeld, Kleinfeld, it’s Organizations: Politico, Society, Jewish Voice, Soros, Carnegie Endowment, International, Service, Carnegie Locations: Israel, Hungary
Ten years ago this week, The New York Times introduced the Upshot, a section devoted to explaining “politics, policy and everyday life.” That’s a wide scope, by design. As a result, more than 5,000 articles later, the Upshot has been many things to many readers. To mark our 10th birthday, we’ve collected 100 stories that embody the Upshot. WordleBot Eden Weingart/The New York Times When Wordle first became popular, several people on the internet claimed, plausibly, that they had come up with the “best” opening word. Force of Ship Impact Was on the Scale of a Rocket Launch Erin Schaff/The New York Times We think of the Upshot as a place where back-of-the-envelope calculations can be both helpful and welcome.
Persons: , Nate Cohn’s, we’ve, Kevin Quealy, John Branch, John, Patrick Thomas, tut, Trump, pollsters, Obamacare, Leif Parsons, We’re, Jason Henry, Tony Luong, Jordan, , Ruth Fremson, Laurel, ’ Rodrigo Corral, Alex Welsh, Paul Romer, Tim Enthoven, Barack Obama, epidemiologists, It’s, you’re, WordleBot Eden, Wordle, Lila Barth, McCabe, Tom Brady, ChatGPT, , Erin Schaff Organizations: New York Times, Facebook, Yankees, Red, State Newspaper, ESPN, The Athletic, The Times, You’re, Voters, Trump, Mr, Times, Siena College, Walmart, The New York Times, Jordan Siemens, Health, New, Nike, Democratic, Twitter, America, Iowa, Iowa Democratic, Cancer, Hit, Biden, Insurance, Roe America, Disorders, Republican, Republican Party of, U.S, Budget, NASA, National, Traffic, Administration, Yorkers, Force Locations: It’s, Red Sox, State, America, Dakota, Ireland, Chipotle, Japan, U.S, United States, Siena, New Pennsylvania, District, Iowa, Covid, York City, New York, Pennsylvania, Roe, Tonga, Arizona, York, Holland
Thousands Are Eligible for Tax Refunds From 2020
  + stars: | 2024-04-19 | by ( Ann Carrns | ) www.nytimes.com   time to read: +1 min
Who wouldn’t grab an income tax refund if they had one coming? About 940,000 people, it turns out — because they haven’t filed returns for the 2020 tax year, even though they may be due money back for that year. But there’s still close to a month left to file and collect the refunds. The Internal Revenue Service estimates that the typical refund for the people in this group is more than $900. “There’s money remaining on the table for hundreds of thousands of people who haven’t filed 2020 tax returns,” the I.R.S.
Persons: there’s, , haven’t, Daniel Werfel, Werfel, Eric Smith Organizations: Internal Revenue Service Locations: Idaho, New York, Pennsylvania
Everyone else, the agency insists, is going to benefit from the $80 billion that the agency won via the Inflation Reduction Act, which was passed in 2022. appointed Ken Corbin as its first chief taxpayer experience officer. I went to the agency’s headquarters in Washington to find out, which was an experience unto itself. Once properly badged — with the words “Escort Only” in the largest font — I had an hour with Mr. Corbin. What follows is a condensed version, edited for clarity, of our conversation — and his advice for taxpayers like you and me.
Persons: Ken Corbin, Corbin Organizations: Internal Revenue Locations: Washington
The NewsThe Internal Revenue Service said on Wednesday that it would begin cracking down on corporate jet owners that abused the tax code by claiming millions of dollars in deductions on airplanes that were sometimes being used for personal travel. The scrutiny of corporate jet use will involve new data analytics tools, which the I.R.S. has been developing with the $80 billion in funds it was granted through the Inflation Reduction Act of 2022, to determine when executives or other company officials might be using corporate planes for vacations and private trips. The agency plans to begin dozens of new audits that will focus on large companies, partnerships and wealthy taxpayers. “These aircraft audits will help ensure high-income groups aren’t flying under the radar with their tax responsibilities,” Daniel Werfel, the I.R.S.
Persons: ” Daniel Werfel Organizations: Internal Revenue Service
A year later, Mr. Werfel has overseen the clearing of a backlog of thousands of tax filings, shrinking wait times on the I.R.S. telephone lines and the creation of a system that lets qualified taxpayers submit their federal returns with no cost. But those achievements have not been enough to satisfy Republicans, who have accused Mr. Werfel of making the I.R.S. commissioners and when Mr. Werfel testifies before the House Ways and Means Committee on Thursday, he will receive a frosty reception as he fends off efforts to cut his agency’s budget. For Mr. Werfel, the face-off is an opportunity to explain why even skeptics would benefit from a well funded I.R.S.
Persons: Daniel Werfel, Werfel Organizations: Internal Revenue Service
It’s the most miserable time of the year: tax season. But we’re here to convince you that the I.R.S. That’s how it works in the rest of the developed world, and it could very easily work that way here, too. It is absurd that America’s tax system is so antiquated and complicated that most people must pay someone else to help them pay the government. So what is standing in the way of progress?
Organizations: Internal Revenue Service
A former Internal Revenue Service contractor accused of leaking the tax documents of Donald J. Trump and other wealthy Americans was sentenced on Monday to five years in prison. The former contractor, Charles Littlejohn, known as Chaz, worked for the tax agency from 2017 to 2021, when he stole the tax records of thousands of the country’s wealthiest people, including Mr. Trump, prosecutors said. Mr. Littlejohn then provided the information to The New York Times and ProPublica. “Today’s sentence sends a strong message that those who violate laws intended to protect sensitive tax information will face significant punishment,” Nicole M. Argentieri, the acting assistant attorney general who oversees the Justice Department’s criminal division, said in a statement. Prosecutors said the harm from Mr. Littlejohn’s disclosures were “so extensive and ongoing that it is impossible to quantify.”
Persons: Donald J, Trump, Charles Littlejohn, Chaz, Littlejohn, Prosecutors, Mr, ” Nicole M Organizations: Internal Revenue, New York Times, ProPublica, Justice
The Republican nominee in a special House election to replace George Santos in New York provided a hazy glimpse into her personal finances this week, submitting a sworn financial statement to Congress that prompted questions and led her to amend the filing. The little-known candidate, Mazi Pilip, reported between $1 million and $5.2 million in assets, largely comprising her husband’s medical practice and Bitcoin investments. In an unusual disclosure, she said the couple owed and later repaid as much as $250,000 to the I.R.S. But the initial financial report Ms. Pilip filed with the House Ethics Committee on Wednesday appeared to be missing other important required information, including whether the assets were owned solely by herself or her husband, Dr. Adalbert Pilip, or whether they were owned jointly. And despite making past statements that she stopped working there in 2021 when she ran for the Nassau County Legislature, Ms. Pilip reported receiving a $50,000 salary from the family medical practice in 2022 and 2023.
Persons: George Santos, Mazi Pilip, Pilip, Dr, Adalbert Pilip Organizations: Republican, Legislature Locations: New York, Nassau
I asked her whether No Labels should be required to register as a political party. If No Labels fields candidates, it should register as a political party. It has the basic structure of a modern electoral organization, with leaders, data and campaign analysts, fund-raisers, and volunteers. A No Labels candidate, Kuo continued:will likely serve as a spoiler in what is shaping up to be a very tight race between President Biden and former President Trump. Given where No Labels is trying to position itself on the partisan spectrum, it is very likely that its candidate would draw votes from President Biden, rather than Donald Trump — with grave consequences for American democracy.
Persons: Kuo, Biden, Trump, Donald Trump, Seth Masket, Fred Wertheimer, , , Wertheimer, Gary Jacobson, Nancy Jacobson Organizations: University of Denver, Democracy, University of California, Trump, Trump’s Locations: Arizona , Wisconsin, Georgia, San Diego
For the second time in a year, the Internal Revenue Service is delaying enforcement of a contentious tax policy that would require users of digital wallets and e-commerce platforms to start reporting small transactions to the tax collection agency. said on Tuesday that it would slowly phase in the new policy, which would require individuals and small businesses to report digital transactions of as little as $600 to the federal government. The new reporting requirement was supposed to take effect late last year, but the Biden administration abruptly postponed it following pressure from lobbyists and backlash from users of services such as Venmo, PayPal, Cash App, StubHub and Etsy. The head of the Internal Revenue Service said the decision to delay the rule again stemmed from concern of higher tax bills among those who used digital wallets.
Persons: Biden Organizations: Internal Revenue Service, PayPal
The last speaker who prevented a shutdown, Kevin McCarthy, was booted from his position by Republican extremists for working with Democrats to pass a stopgap bill. Mr. Johnson might have tried to appease the howling kennel on the far right by throwing it a treat in exchange for support, as he did with the I.R.S. There were no policy riders or crazy demands for cuts, and as a result, all but two House Democrats voted for it. The far right never trusted Mr. McCarthy, but feels a kinship with Mr. Johnson’s fringe cultural positions. The stopgap bill is weird because it punts that fight to two dates.
Persons: Kevin McCarthy, Johnson, Johnson’s, that’s, McCarthy Organizations: Republican, Pentagon
Opinion | Why Is the Democratic Base Eroding?
  + stars: | 2023-11-12 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “The Democrats Are Their Own Worst Enemies,” by Pamela Paul (column, Nov. 3), about why polls are showing a loss of support for the party among minorities and the working class:Ms. Paul writes that “the Democratic Party cannot win and America cannot flourish if it doesn’t prioritize the economic well-being of the American majority over the financial interests and cultural fixations of an elite minority.”That, she says, is the reason that “the Democratic Party’s reliable base — the working class, middle-class families, even Black and Latino Americans and other ethnic minorities — have veered toward the G.O.P.”Is she talking about the same G.O.P. that, under the former president, passed legislation that gave enormous tax breaks to the wealthiest in the country? Is she referring to G.O.P. legislators who now want to reduce funding for the I.R.S., an agency that serves as a watchdog against unfair tax manipulation that leaves the middle class with a proportionately greater tax burden than the richest? If so, it is hard to imagine that the G.O.P., as opposed to the Democratic Party, is prioritizing the economic well-being of the American majority.
Persons: Pamela Paul, Paul Organizations: Democratic Party, Democratic Locations: America
Even if you can contribute the maximum amount, that doesn’t necessarily mean you should, Mr. McBrien said. You may have other goals to save for besides retirement, said Craig Copeland, director of wealth benefits research at the Employee Benefit Research Institute. Under the Secure 2.0 Act, a law passed late last year, savers earning $145,000 or more who make 401(k) catch-up contributions would have had to make them as pretax Roth contributions starting in 2024. Can I change the amount of my 401(k) contributions after open enrollment? But while health insurance choices are typically fixed for the full year unless you have a big change in your life, many employers let you tweak your retirement contributions at any time.
Persons: don’t, Kyle McBrien, McBrien, , Craig Copeland, , Roth, pretax Roth Organizations: Research
There are two moments from Mike Johnson’s early days as speaker of the House that almost perfectly encapsulate the broken way that so many Republican evangelicals approach politics. But before she could finish, Johnson’s Republican colleagues started to shout her down. What does Mike Johnson think about any issue under the sun?’ I said, ‘Well, go pick up a Bible off your shelf and read it.’ That’s my worldview.”That quote is less illuminating than many people think. Mike Johnson and I have such similar religious convictions that we once worked together at the same Christian law firm. Yet we’ve taken very different political paths.
Persons: Mike Johnson’s, Johnson, ABC’s Rachel Scott, Johnson’s, , Florida Republican Matt Gaetz, “ MAGA Mike Johnson, Sean Hannity, , , Mike Johnson Organizations: Florida Republican, Fox News, Trump
Opinion | Israel, the I.R.S. and the Big Grift
  + stars: | 2023-11-02 | by ( Paul Krugman | ) www.nytimes.com   time to read: +1 min
It often seems to me that we need a term to describe a somewhat similar phenomenon in policy debates, which we might call the Big Grift. A case in point is the current demand by House Republicans that funding for Israel in this moment of crisis be tied to budget cuts that would undermine the ability of the Internal Revenue Service to crack down on wealthy tax cheats. This should be a major scandal, but my suspicion is that many voters just won’t accept the idea that G.O.P. Some history: Way back in 2001, in the aftermath of Sept. 11, House Republicans passed a bill responding to the emergency by … cutting corporate taxes. At the time, my sources told me that when political consultants tried to describe the bill to focus groups of voters, they refused to believe that the legislation was being described accurately.
Persons: balk Organizations: House Republicans, Israel, Internal Revenue Service, Republicans
Opinion | Seeing the Big Picture in Two Big Wars
  + stars: | 2023-11-02 | by ( Thomas L. Friedman | ) www.nytimes.com   time to read: +9 min
Step back far enough, and you can see exactly what is driving so much geopolitics today: Ukraine is trying to join the West. Or they would have agreed to Lend-Lease assistance for the allies only if President Franklin Roosevelt would eliminate the I.R.S. That’s why today America must help Israel and Ukraine to blunt the Russia-Iran axis in their theaters. But the morning after their wars, Israel and Ukraine are going to have to face some very hard choices. Because while we may write big checks to both today, they will not be blank checks.
Persons: Mike Johnson, Biden, Johnson, Franklin Roosevelt, G.O.P, Vladimir Putin, Putin, Ayatollah Ali Khamenei, Leon Aron, Vladimir Putin’s, , , gunning, ” Aron, Israel, Donald Trump, , Benjamin Netanyahu Organizations: Internal Revenue, Lease, Fox News, NATO, European, Palestinian Authority, , West Bank, Hamas, Putin, Iran’s, U.S, Patriot, Republicans, Palestinian, European Union Locations: Ukraine, West, Israel, Russia, Iran, cheaters, Europe, Saudi Arabia, Saudi, Tehran, Moscow, Vladimir Putin’s Russia, Belarus, Indonesia, Malaysia, Pakistan, Gaza, It’s, Kyiv, Gaza City, U.S, Ramallah, America
But then he imposed a condition on the Israel money: Mr. Biden must agree to cut the same amount out of the money the Internal Revenue Service uses to chase down high-income tax cheats. Earlier this year, Republicans forced Mr. Biden to cut $20 billion from the I.R.S. cut isn’t really going to happen, as House Republicans know, because Mr. Johnson’s bill will die in the Senate, where many leading Republicans already oppose it. cut, he gets to show the same extremists who deposed his predecessor that he can play rough with the White House. If Mr. Johnson has substantive objections to helping Ukraine and Israel that justify the legislative impediments he is constructing, he should state what they are.
Persons: Mike Johnson, Johnson’s, he’s, Biden, Mr, Mitch McConnell, Lindsey Graham of, ” Mr, Graham, , Mitt Romney, Joe Wilson of, He’s, Ritchie Torres, Axios, Johnson, Thomas Friedman Organizations: Republican House, Internal Revenue Service, Israel, Republican, Republicans, Treasury, Congressional Budget, National Bureau of Economic Research, Senate, Ukraine, Hamas, White, Democrats, Democrat, West Bank, Palestinian Authority Locations: Ukraine, Israel, Taiwan, U.S, Nottingham, Lindsey Graham of South Carolina, Moscow, Utah, Joe Wilson of South Carolina, New York, Gaza, West
Mr. Johnson, the Louisiana Republican who has personally voted against sending military aid to Kyiv, released a $14 billion aid bill for Israel on Monday. But Mr. Johnson spurned that request, in an acknowledgment of how toxic funding for Ukraine has become among Republicans. agents,” Mr. Johnson said. “Instead of advancing a serious proposal to defend Israel, defend Ukraine and provide humanitarian aid, this House G.O.P. My guess is you can get Ukraine aid passed, probably as a stand-alone bill here.
Persons: Mike Johnson’s, Biden, Johnson, Biden’s, Fox News’s, ” Mr, Chuck Schumer, Mr, Kevin McCarthy, Thomas Massie of, Marjorie Taylor Greene, , , Ms, Greene, , Steven Ellis, MacGuineas, Mitch McConnell of, , Schumer, McConnell, Oksana Markarova, I’ve, Johnson’s, Susan Collins of, “ I’m, Josh Hawley, Let’s, Hawley, McConnell “, let’s, Patty Murray, Antony J, Blinken, ” Zach Montague Organizations: Senate, Louisiana Republican, Internal Revenue Service, Israel, Fox, Democratic, Republicans, United, Taxpayers, Federal Budget, Biden, Republican, University of Louisville, Ukraine, Mr Locations: Israel, Ukraine, Louisiana, Kyiv, Taiwan, United States, New York, Marjorie Taylor Greene of Georgia, Mitch McConnell of Kentucky, America, Kentucky, Ukrainian, Susan Collins of Maine, Gaza, Josh Hawley of Missouri, Washington, Russia, Iran
Many of these people are actually eligible for insurance, but lose coverage because of the byzantine logistics. The net effect is that we require an enormous chunk of the U.S. population to continually re-enroll for health insurance. For employer-based health insurance, this would be relatively simple, as most ineligibility stems from no longer working at the company, something that employers surely know. For everyone else, health insurance would auto-renew each year the same way it already does for the plans on the Affordable Care Act exchanges. For Medicaid, the income eligibility requirement adds a layer of complexity, but there are nevertheless ways to reduce the hoop jumping.
Persons: it’s Organizations: Affordable Locations: byzantine
On Wednesday, Carole Rothman, the president and artistic director of Second Stage Theater, said that after 45 years she would be leaving that institution, which she co-founded; Second Stage operates the Helen Hayes Theater on Broadway. And Roundabout Theater Company currently has an interim artistic director following the death in April of Todd Haimes, who led that organization for four decades; Roundabout operates three Broadway houses, including the American Airlines, the Stephen Sondheim and Studio 54. Lincoln Center Theater, which is a resident organization at Lincoln Center for the Performing Arts, has three stages of varying sizes, and has produced a wide variety of work. The company currently has an annual budget of $34.5 million and 55 full-time employees; Bishop received $783,191 in total compensation during fiscal 2022, according to an I.R.S. Lincoln Center Theater’s other Tony-winning productions during Bishop’s tenure include “Carousel,” “The Heiress,” “A Delicate Balance,” “Contact,” “Henry IV,” “Awake and Sing,” “South Pacific,” “War Horse,” “The King and I” and “Oslo.”
Persons: Carole Rothman, Helen Hayes, Todd Haimes, Stephen Sondheim, Bishop, Vivian Beaumont, , Tom Stoppard’s, Tony, ” “ Henry IV Organizations: Broadway, Nonprofit, Lincoln Center, Helen Hayes Theater, Roundabout Theater Company, American Airlines, Lincoln Center Theater, Performing Arts, Vivian Beaumont Theater, Radio City Music Hall, Metropolitan Opera Locations: New York, Utopia, “ Oslo
When David C. Weiss, the U.S. attorney in Delaware, asked for special counsel status, the Justice Department says Mr. Garland approved his request quickly. A widely respected federal judge before becoming attorney general, Mr. Garland has become a favorite target of House Republicans after the Justice Department launched investigations that resulted in felony charges against former President Donald J. Trump. At the heart of the issue are assurances Mr. Weiss and Mr. Garland have given to lawmakers that Mr. Weiss had ultimate authority over the Hunter Biden case and when and where to bring charges. But they have vouched generally for the statements about Mr. Weiss’ limited authority, describing a more nuanced scenario in which Mr. Weiss had sought to partner with prosecutors in Washington, D.C., and California, only to be rebuffed, causing him to try a different approach. When Mr. Weiss eventually asked for special counsel status, the Justice Department says Mr. Garland approved his request quickly.
Persons: David C, Weiss, Garland, General Merrick B, Donald J, Biden’s, Hunter, Justice Department hadn’t, Kevin McCarthy, David Weiss, Merrick Garland’s weaponization, Biden, Hunter Biden, Gary Shapley, , Kenny Holston, Shapley’s, Shapley, Weiss ’ Organizations: Justice Department, Republicans, Trump, Twitter, “ U.S, Committee, DOJ, Veteran, New York Times, Washington , D.C, Departmental Locations: U.S, Delaware, Washington ,, California
The Internal Revenue Service is overhauling how it scrutinizes the tax returns of lower-income Americans as part of an effort to reduce enforcement disparities that have made Black taxpayers far more likely than anyone else to be audited. At the center of this effort is a major change to how the I.R.S. conducts audits of recipients of the earned-income tax credit, a special tax refund that was created to help low-income workers. Tax returns that claim the E.I.T.C. Research has shown that audit rates for Black Americans are three to five times higher than for other taxpayers, with audits focused on the tax credit being a major driver of the disparity.
Organizations: Internal Revenue Service, Research, Black
But the debt is on track to top $50 trillion by the end of the decade, even after newly passed spending cuts are taken into account, as interest on the debt mounts and the cost of the nation’s social safety net programs keeps growing. But slowing the growth of the national debt continues to be daunting. Some federal spending programs that passed during the Biden administration are expected to be more costly than previously projected. At the same time, several of President Biden’s attempts to raise more revenue through tax changes have been met with resistance. The policy was projected to raise about $8 billion in additional tax revenue over a decade.
Persons: Biden, University of Pennsylvania’s Penn, Biden’s Organizations: University of Pennsylvania’s, Budget, Internal Revenue Service
Total: 25