The Star Bulletin - Daily News Updates

IRS

US House approves bill to defund the army of 87,000 IRS agents

US House approves bill to defund the army of 87,000 IRS agents

US House approves bill to defund the army of 87,000 IRS agents The U.S. House of Representatives, with the support of Alabama's delegation, passed Monday night a bill to remove new funding from the IRS for 87,000 additional agents. The bill, called the Family and Small Business Taxpayer Protection Act (or the Family and Small Business Taxpayer Protection Act), fulfills Republican promises to rein in the IRS. Following the vote, U.S. Rep. Gary Palmer (R.Hoover) stated on Twitter that "[The House GOP] made an agreement to repeal President Biden’s army of 87,000 IRS agents as soon as possible." The Inflation…
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IRS Criminal-fighting division is given new tasks in the course of Ukraine conflict

IRS Criminal-fighting division is given new tasks in the course of Ukraine conflict

IRS Criminal-fighting division is given new tasks in the course of Ukraine conflict The criminal-fighting arm of the IRS that tracks financial crimes and seeks out expensive properties belonging to sanctions-affected Russian elites, found greater than $32 billion worth of funds in the last fiscal year that could be confiscated The agency released the information on Thursday. Jim Lee, chief of IRS Criminal Investigation, said it's the equivalent of a "huge" amount that's three times the amount that was discovered in prior years. In addition, the amount confiscated from stolen cryptocurrency more than $7 billion more than doubled from the…
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