The two former agents had investigated Hunter Biden. Treasury Secretary Scott Bessent rehired the two former Internal Revenue Service (IRS) whistleblowers who claimed that the Justice Department (DOJ)…
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House Speaker Says IRA Repeal Is Between “Scalpel” and “Sledgehammer”
Total repeal is unlikely, but the majority is considering significant changes. Speaker of the House Mike Johnson said that his party will not revoke the entire Inflation Reduction…
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IRS Releases 6,700 Probationary Employees
The White House continues to pursue its government efficiency agenda. The Internal Revenue Service (IRS) dismissed 6,700 employees on Thursday, becoming the next cut in a series of…
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IRS Employees Must Wait Until After Tax Season to Accept Paid Federal Leave
They received a letter specifying May 15 as the date key positions are eligible. Employees at the Internal Revenue Service received notice last week informing them that they…
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President Trump Announces Task Force to Address Anti-Christian Bias
He signed an executive order to the effect after attending the National Prayer Breakfast on Thursday. President Donald Trump announced at the National Prayer Breakfast on Thursday morning…
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FTC Finalizes Settlement with H&R Block Over Unfair Practices
The tax prep company was ordered to repay $7 million to customers, downgrade processes, and improve transparency. The Federal Trade Commission (FTC) finalized a settlement requiring H&R Block…
Read MoreIRS Releases Final Rules for Hydrogen Production Tax Credit
Clarifies wage and apprenticeship standards for Regional Clean Hydrogen Hubs program participants. The Internal Revenue Service (IRS) released its final rules for its Clean Hydrogen Production Tax Credit,…
Read MoreGroup of Senators Launch Inquiry into IRS Commissioner Nominee
They request information from CEOs on potential pandemic program fraud. Senator Ron Wyden of Oregon, who serves as chair of the Senate Finance Committee, and Senator Catherine Cortez…
Read MoreIRS Releases Guidances for Clean Energy Tax Credits
Expands program to include co-owned and co-invested projects. The Internal Revenue Service (IRS) recently finalized its expansion to clean energy tax credits, allowing co-owners and co-investors in clean…
Read MoreIRS Outlines Inflation-Adjusted Deductions for 2025 Tax Year
The standard deduction rises up to $15,000 for single and $30,000 for married taxpayers. The Internal Revenue Service (IRS) updated its standard deductions for U.S. taxpayers in 2025,…
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