Top Senate Democrats are pushing for answers on whether a provision in a controversial settlement agreement between President Trump and his own administration applies to companies co-founded by or affiliated with the Trump family. As part of a deal struck in May by the Justice Department to resolve a lawsuit brought by Mr. Trump, the … Read more
WASHINGTON — The IRS did better than expected getting refunds out to taxpayers during the 2026 tax season despite massive cuts to its workforce — but the national taxpayer advocate says taxpayers who needed human help were left behind. “Taxpayers who required assistance from the IRS often struggled to get it,” said Erin M. Collins, … Read more
In a tax fight over foreign profits, the multinational giant and the U.S. head to court with more than $20 billion on the line. Source link
WASHINGTON — Treasury Secretary Scott Bessent refused to say Wednesday whether President Donald Trump and his family would still get immunity from IRS audits after the administration abandoned plans for a $1.776 billion compensation fund that would have benefited the president’s allies. “There’s continuing litigation, and I’m unable to comment on ongoing litigation,” Bessent told … Read more
A federal judge in Miami made a striking turnabout on Friday, reopening President Trump’s $10 billion case against the I.R.S. and saying that she wanted to investigate “grievous allegations” that the hasty deal to resolve it was “premised on deception.” The ruling by the judge, Kathleen M. Williams, was a significant blow both to Mr. … Read more
Federal agents previously investigated the Southern Poverty Law Center’s paid informant program for possible tax crimes, but the probe failed to yield any charges after Internal Revenue Service lawyers determined it was legally structured, sources familiar with the matter told CBS News. Agents from IRS Criminal Investigation in 2019 and 2020 homed in on shell … Read more
Key points from the settlement that gives the first family tax immunity. Source link
President Trump spoke with reporters Wednesday about a number of different subjects, including the indictment of former Cuban leader Raúl Castro, the war in Iran and more. Source link
A one-page addendum to a Justice Department settlement, signed by Acting Attorney General Todd Blanche, stipulates that the Internal Revenue Service is barred from pursuing claims against President Trump, his company or his sons based on prior tax returns. Joe Garrison, a White House correspondent for USA Today, joins CBS News with more details. Source … Read more
The Internal Revenue Service is permanently barred from pursuing claims against President Trump or his company based on prior tax returns, part of a controversial settlement agreement that the Justice Department struck to resolve a lawsuit brought by Mr. Trump. CBS News Department of Justice reporter Jake Rosen has the details. Source link