IRS
Coverage of IRS in the Nexus archive.
- CEO says doing business in state ‘sucks’ as company heads to Texas amid California exodus
CEO Hil Davis criticized doing business in California due to high costs and regulations, prompting his company, Digital Brands Group, to relocate its headquarters from Vernon to Round Rock, Texas. This move coincides with concerns over California's taxes and the state experiencing significant taxpayer losses, such as those recorded by Los Angeles County.
- Some gamblers are buying losing lottery tickets on eBay as a way offset taxes on their gambling wins
Some people are listing worthless losing lottery tickets on eBay, sometimes for explicitly promoting tax deductions. Accounting professor Jeffrey Hoopes stated that such an effort is a clear example of potential tax fraud. While IRS regulations allow losses to be deducted only by filers who itemize and keep records, the sale of these tickets raises questions about proper use.
- Senate confirms Blanche as attorney general
The Senate confirmed Todd Blanche as attorney general with a narrow vote of 50-49, following weeks of opposition regarding potential conflicts of interest and concerns over an Anti-Weaponization Fund established through Trump’s settlement with the IRS. Sen. Bill Cassidy's support was key to securing the confirmation, which occurred despite Murkowski announcing her intention to oppose the nomination.
- Blanche survives Republican defectors as Trump gets his new attorney general
Acting Attorney General Todd Blanche was confirmed by the Senate to lead the Department of Justice as President Donald Trump’s attorney general. His confirmation faced opposition from Senators Lisa Murkowski and Susan Collins due to his connection to anti-weaponization funds and concerns over the DOJ's independence. However, Senator Bill Cassidy backed Blanche, arguing that a confirmed official was necessary for the department's effective running.
- The IRS is getting better at spotting crypto tax mistakes. Here's what it means for investors
The IRS is improving its ability to detect cryptocurrency tax errors, while many investors struggle to calculate taxes on crypto transactions like bitcoin and ether.
- Collins to oppose Blanche
Sen. Susan Collins, a Maine Republican, will oppose Todd Blanche's attorney general confirmation due to his involvement in an IRS settlement with President Donald Trump and a pledge to an anti-abortion organization to prohibit mailing abortion medication. Two undecided Republicans, Bill Cassidy and Lisa Murkowski, are needed for Blanche's confirmation.
- Todd Blanche is one vote away from confirmation
Todd Blanche is one vote away from confirmation as attorney general after securing support from Sen. John Curtis. The Senate Judiciary Committee advanced his nomination, with GOP senators John Cornyn and Thom Tillis backing him after he agreed to modify terms of an IRS settlement. Three undecided Republican senators remain: Bill Cassidy, Susan Collins, and Lisa Murkowski.
- Blanche asserts ‘anti-weaponization’ fund is dead, wins key GOP support in US Senate
Acting Attorney General Todd Blanche submitted a written assurance rescinding the administration’s $1.8 billion 'anti-weaponization' fund, securing support from Senate Judiciary Committee members John Cornyn and Thom Tillis. The move addressed concerns about the fund potentially funding pardoned Jan. 6 defendants and an IRS settlement provision, enabling Blanche’s nomination to advance.
- Can your tax preparer use AI without telling you? Some experts say IRS rules aren't clear
A debate is ongoing among tax practitioners about whether using AI to prepare tax returns requires disclosing it to clients. Some experts argue that current IRS regulations do not clearly address this issue.
- Senate panel expected to advance Blanche's attorney general nomination after deal with GOP holdouts
A Senate committee is expected to advance Todd Blanche's nomination as Attorney General after reaching a deal with Republican senators who had opposed his confirmation over concerns about a Trump-era IRS lawsuit settlement. The agreement clarified that a $1.8 billion fund for Trump allies would not proceed and limited tax audit immunity to specific parties involved in the lawsuit.
- Still some drama left in Todd Blanche’s confirmation fight
Senate Republicans aim to confirm Todd Blanche as attorney general by week's end, but undecided GOP senators remain. Blanche secured Judiciary Committee approval after a deal with Sens. John Cornyn and Thom Tillis to clarify a controversial settlement between President Donald Trump and the IRS. Full Senate confirmation still requires avoiding two Republican defections amid unified Democratic opposition.
- GOP senators to advance Blanche after $1.8B fund terminated
President Trump’s nominee for attorney general, Todd Blanche, is advancing toward Senate confirmation after the Justice Department terminated a $1.8 billion 'anti-weaponization fund' that had stalled his nomination. Republican Senators John Cornyn and Thom Tillis, who previously blocked Blanche’s nomination, announced they are satisfied with the fund’s termination and plan to support moving his nomination forward. The Senate Judiciary Committee is scheduled to vote on Blanche’s nomination on Tuesday.
- Blanche asserts ‘anti-weaponization’ fund is dead, wins key GOP support in US Senate
Acting Attorney General Todd Blanche secured key Republican support for his nomination to lead the Department of Justice after submitting a written assurance that the administration's 'anti-weaponization' fund is rescinded. Senators John Cornyn and Thom Tillis, who had withheld support, endorsed the move following the announcement, which also addressed Cornyn's concerns about an IRS settlement agreement.
- Blanche asserts ‘anti-weaponization’ fund is dead, wins key GOP support in US Senate
Acting Attorney General Todd Blanche submitted a written assurance that the Department of Justice's $1.8 billion 'anti-weaponization' fund is rescinded, securing support from Republican senators John Cornyn and Thom Tillis for his nomination. A memo addressing Cornyn's concerns about an IRS settlement was also released, clarifying the agreement's retroactive scope.
- As Blanche's path to confirmation is cleared, Trump's tax audit immunity remains in place
Todd Blanche rescinded a $1.8 billion fund for Trump's political allies but retained audit immunity protections for Trump, his sons, and the Trump Organization. The immunity deal, part of a $10 billion lawsuit settlement against the IRS, limits future tax examinations but excludes broader protections, sparking bipartisan criticism and legal concerns.
- As Blanche's path to confirmation is cleared, Trump's tax audit immunity remains in place
Todd Blanche rescinded a $1.8 billion fund to compensate Trump's allies but retained a tax audit immunity agreement for Trump, his sons, and the Trump Organization. The revised deal limits the scope of audit protections but could still erase millions in back taxes, drawing bipartisan criticism and legal concerns.
- Blanche asserts ‘anti-weaponization’ fund is dead, wins key GOP support in US Senate
Acting Attorney General Todd Blanche submitted a written assurance rescinding the Department of Justice’s $1.8 billion 'anti-weaponization' fund, securing support from Republican senators John Cornyn and Thom Tillis for his nomination. The deal addressed Cornyn’s concerns about an IRS settlement limiting future tax audits for President Donald Trump and his family.
- Blanche’s Documents Addressing Trump I.R.S. Deal Leave Loopholes
Todd Blanche's documents related to a Trump IRS deal highlight existing loopholes. The acting attorney general addressed the issue during a hearing in Washington.
- Blanche asserts ‘anti-weaponization’ fund is dead, wins key GOP support in US Senate
Acting Attorney General Todd Blanche submitted a written assurance rescinding the administration’s $1.8 billion 'anti-weaponization' fund, securing support from Senate Judiciary Committee members John Cornyn and Thom Tillis. The move addressed concerns about the fund’s use for pardoned Jan. 6 defendants and clarified limitations on an IRS settlement agreement.
- Blanche asserts ‘anti-weaponization’ fund is dead, wins key GOP support in US Senate
Acting Attorney General Todd Blanche submitted a written assurance rescinding the Department of Justice's $1.8 billion 'anti-weaponization' fund, securing support from Senate Judiciary Committee members John Cornyn and Thom Tillis. The move followed a joint statement from Cornyn and Tillis confirming satisfaction with the fund's termination and adjustments to an IRS settlement agreement.
- Blanche asserts ‘anti-weaponization’ fund is dead, wins key GOP support in US Senate
Acting Attorney General Todd Blanche submitted a written assurance that the administration’s $1.8 billion 'anti-weaponization' fund is rescinded, securing support from Senate Judiciary Committee Republicans John Cornyn and Thom Tillis for his nomination. The memo addressed concerns about the fund's potential use for pardoned Jan. 6 defendants and clarified limitations on an IRS settlement agreement involving Donald Trump.
- Blanche deems ‘anti-weaponization’ fund dead, wins key GOP support in Senate
Acting Attorney General Todd Blanche's nomination to lead the Department of Justice gained support from Republican senators John Cornyn and Thom Tillis after he rescinded the 'anti-weaponization' fund, which had been linked to a settlement with President Donald Trump dropping a lawsuit against the IRS. The rescission and related assurances secured the senators' backing ahead of a key Senate Judiciary Committee vote.
- GOP holdouts say they will back Blanche’s attorney general nomination after striking deal over fund
Two Republican senators, John Cornyn and Thom Tillis, will support Todd Blanche's nomination as attorney general after he rescinded a $1.8 billion fund to compensate individuals who claim unfair prosecution by the Justice Department. The deal resolves a Senate Judiciary Committee impasse, with the DOJ stating the fund is 'officially rescinded' and will not proceed.
- GOP holdouts say they will back Blanche's attorney general nomination after striking deal over fund
Two Republican senators, John Cornyn and Thom Tillis, will support Todd Blanche's nomination as attorney general after he rescinded the $1.8 billion 'Anti-Weaponization Fund' to compensate individuals allegedly unfairly prosecuted. The fund, which faced bipartisan opposition over potential payments to Jan. 6 rioters, was formally canceled, and the Justice Department clarified that tax audit immunity for President Donald Trump applies retroactively only.
- Trump defends massive settlement for ‘great American Patriots’ of Jan. 6, attacks GOP senators
President Donald Trump defended a $1.8 billion 'anti-weaponization' settlement fund, claiming it compensates individuals affected by the Jan. 6, 2021, Capitol attack, while Republican senators John Cornyn and Thom Tillis withheld support for Trump’s attorney general nominee, Todd Blanche, until the fund is formally ended. Trump commuted sentences for 14 Jan. 6 participants and pardoned others, but critics argue the fund improperly benefits those who attacked law enforcement.
- Blanche kills Trump fund but leaves legal loose ends
Acting Attorney General Todd Blanche rescinded the order establishing President Trump's $1.776 billion 'anti-weaponization' fund to resolve a Republican blockade of his confirmation. The fund originated from a May settlement involving Trump's lawsuit against the IRS over tax records, which included an apology and protections for Trump and his family. The settlement's terms remain unresolved, requiring a written agreement for changes, and Trump has threatened to revive the fund if confirmed.
- The Latest: Blanche rescinds fund for Trump allies after senators threaten to block his AG bid
Acting Attorney General Todd Blanche terminated President Donald Trump’s $1.8 billion fund to compensate political allies after two Republican senators threatened to block his nomination. The order retains a disputed IRS settlement granting Trump and his family retroactive immunity from tax audits, which a judge previously criticized as improper self-dealing. Trump announced a delay in Iran strikes and new talks to revive shipments through the Strait of Hormuz, while an AP-NORC poll highlighted immigration as a stronger issue for him than the economy or Iran.
- Blanche rescinds Trump ‘anti-weaponization’ fund, removing hurdle from attorney general nominee’s confirmation
Todd Blanche rescinds Donald Trump's $1.8 billion anti-weaponization fund, addressing concerns from Republican senators John Cornyn and Thom Tillis who opposed his attorney general nomination. The fund, created through an IRS settlement, would have provided taxpayer money to claimants alleging federal government weaponization, including January 6 riot participants. A revised order limits the settlement's scope to past tax investigations and terminates the fund permanently.
- Blanche rescinds fund for Trump allies after GOP senators threaten to block his attorney general bid
Acting Attorney General Todd Blanche rescinded a $1.8 billion fund intended to compensate President Donald Trump's political allies after GOP senators John Cornyn and Thom Tillis threatened to block his nomination as attorney general. The Justice Department confirmed the fund, linked to a 2026 IRS lawsuit settlement, was terminated with no claims processed.
- Todd Blanche moves closer to confirmation after rescinding $1.8B fund
Todd Blanche moves closer to confirmation after rescinding a $1.8B fund. He addressed a request to limit the scope of an IRS audit immunity deal covering the Trump family.
- Todd Blanche moves closer to confirmation after rescinding $1.8B fund
Todd Blanche moved closer to Senate confirmation after rescinding a controversial $1.8 billion 'anti-weaponization fund' and narrowing tax protections in the IRS settlement. The Senate Judiciary Committee is set to vote on his nomination Tuesday following an agreement reached with Sen. John Cornyn and Sen. Thom Tillis.
- Todd Blanche on track for confirmation after Cornyn strikes Trump settlement deal
Todd Blanche is moving closer to confirmation as attorney general after Sen. John Cornyn reached a deal with the Justice Department to terminate a $1.8 billion 'Anti-Weaponization Fund' and limit an IRS audit immunity agreement. The agreement addresses Cornyn's concerns, clearing the way for a Senate Judiciary Committee meeting to consider Blanche's nomination.
- Florida ‘sadist’ charged after allegedly being hired by UK woman to torture and kill her
A Florida man is charged with first-degree murder and kidnapping after allegedly killing a UK woman who paid him to torture and kill her. The woman, Sonia Exelby, traveled to Florida to meet Dwain Hall, a self-described sadist, following years of online communication about her desire to die. Her body was found in a shallow grave in Ocala, Florida.
- Blanche vote is rescheduled, but there’s no deal
The Senate Judiciary Committee rescheduled a vote on Todd Blanche’s attorney general nomination to Tuesday, following a postponement from Thursday. The move adheres to procedural rules requiring three days of notice, but no agreement has been reached to secure the necessary support, particularly from Sen. John Cornyn (R-Texas) and Sen. Thom Tillis (R-N.C.). President Donald Trump has not conceded to demands to revise a controversial IRS settlement agreement linked to the nomination.
- Trump says anti-weaponization fund in IRS settlement is 'dead' even as he defends it
President Trump declared his $1.8 billion anti-weaponization fund 'dead' while continuing to defend it, complicating negotiations with Republican senators blocking his attorney general nominee. Senators John Cornyn and Thom Tillis demand written assurances the fund won't proceed, as Trump argues it compensates those prosecuted by the Justice Department, including individuals involved in the Jan. 6 Capitol attack.
- Trump appeals ruling that found his $10B IRS suit aimed to ‘manipulate’ legal proceedings
President Donald Trump is appealing a court ruling that found his $10B IRS lawsuit aimed to manipulate legal proceedings. The case involves allegations that the lawsuit was used to interfere with ongoing legal actions.
- Trump says anti-weaponization fund in IRS settlement is ‘dead’ even as he defends it
President Donald Trump stated the anti-weaponization fund is 'dead' but continues to defend it, complicating negotiations with Republican senators blocking his attorney general nominee until a written promise is provided. The Justice Department has rescinded the fund, but the senators seek clarifications on tax audit immunity for Trump's family.
- Filed in January, still waiting: Tenn. couple seeks answers about delayed IRS refund
A Tennessee couple, Rick and Dee Dee Lunsford, filed their tax return in January and have waited nearly eight months for a $5,000 refund. Despite TurboTax confirming their return was accepted, the IRS delayed processing, requiring verification in March and failing to resolve the issue. The couple reported difficulty contacting the IRS and plans to use the refund for home repairs.
- Trump says anti-weaponization fund in IRS settlement is ‘dead’ even as he defends it
President Donald Trump stated his $1.8 billion anti-weaponization fund is 'dead' while continuing to defend it. The fund is part of an IRS settlement, but Trump's comments suggest conflicting views on its viability.
- Trump to Appeal Judge’s Ruling Denouncing I.R.S. Lawsuit as Exercise in Self-Dealing
President Trump is appealing a judge’s ruling that criticized an I.R.S. lawsuit as self-dealing. He reiterated support for the anti-weaponization fund in a social media post.