All articles tagged with #irs
A federal judge ruled that the Internal Revenue Service violated the law by disclosing confidential taxpayer information to ICE 42,695 times, highlighting concerns over government data sharing and privacy protections.
Treasury and the IRS issued Notice 2026-15 to guide when electricity-producing facilities, energy storage technologies, or 45X components receive material assistance from a prohibited foreign entity, which could render them ineligible for clean energy credits under Sections 45Y, 48E, and 45X. The notice outlines interim safe harbors, how to calculate the material assistance cost ratio, and notes that forthcoming regulations and additional guidance will define PFE and update safe harbors. Taxpayers may rely on these rules for projects begun after 12/31/2025 through 60 days after the forthcoming safe harbor tables, and for 45X components sold in taxable years after 7/4/2025 until those tables are published. Comments on definitional, anti-circumvention, and related issues are due within 45 days.
Trump’s newly enacted tax breaks are promoted as painless refunds (no tax on tips, no tax on overtime, and a deduction for auto-loan interest) but in practice they’re complex and fraught with limits: the overtime deduction depends on FLSA coverage and weekly hours, the auto-loan deduction requires final assembly in the U.S. and specific vehicle rules, and the tips break can trigger additional Social Security and Medicare taxes if tips weren’t properly reported. The IRS has asked the Labor Department for help administering the overtime provision, and many taxpayers may not be able to claim these breaks. While total refunds are projected to rise and some items like the Child Tax Credit and SALT cap are enhanced, the tangled rules could blunt the political payoff for Republicans and keep refunds uncertain for many Americans.
Former president Donald Trump filed a $10 billion federal lawsuit against the Internal Revenue Service, alleging a leak of his confidential tax information and seeking damages and reforms.
Trump has filed a federal Miami lawsuit seeking at least $10 billion from the IRS and Treasury, alleging an IRS contractor leaked his and his sons’ and the Trump Organization’s tax returns to media in 2020, causing reputational and financial harm; the suit cites the contractor’s 2024 conviction and notes ongoing litigation as part of Trump’s broader series of lawsuits.
Trump and his sons filed a $10 billion civil lawsuit in a Miami federal court against the IRS and the Treasury Department, alleging they failed to prevent a former contractor from leaking confidential tax information to media outlets, causing reputational and financial harm; the contractor, Charles Littlejohn, pleaded guilty and was sentenced to five years in prison.
A looming partial government shutdown could affect roughly half of federal workers—about 500k unpaid and 480k furloughed—while SNAP remains funded; Social Security and Medicare payments would continue but benefit verification and card issuance could pause, and travel may face delays as TSA operates without pay. Funding gaps would hit major agencies like Defense, Education, HHS, and Homeland Security, while others (Agriculture, Justice, Energy, Interior, Veterans Affairs) stay funded. Lawmakers are negotiating Homeland Security reforms to avert the shutdown, with a midnight Friday deadline.
Donald Trump, his sons and the Trump Organization filed a $10 billion lawsuit in a Miami federal court against the U.S. Treasury and the Internal Revenue Service, alleging they failed to prevent leaks of his and related tax returns by former IRS contractor Charles Littlejohn to media outlets such as the New York Times and ProPublica, causing reputational and financial harm and potentially seeking punitive damages; Littlejohn has pleaded guilty and was sentenced to five years in prison, and Trump has pursued other lawsuits against media outlets in recent years.
Former President Donald Trump and his sons filed a federal lawsuit in Florida seeking at least $10 billion against the IRS and Treasury, alleging confidential tax-return information was illegally leaked to media outlets by a Booz Allen Hamilton contractor and that government safeguards failed during his first term; the suit notes the contractor, Charles Littlejohn, was previously convicted, and mentions Booz Allen’s contract termination and other context around past tax-return disclosures.
The Trump family—President Donald Trump, his sons Donald Trump Jr. and Eric Trump, and the Trump Organization—filed a Miami federal lawsuit against the IRS and Treasury, alleging a former employee leaked their confidential tax information to The New York Times, ProPublica and others, and seeking at least $10 billion in damages for reputational and financial harm.
The U.S. Treasury canceled all contracts with Booz Allen Hamilton after a former IRS contractor leaked tax information for thousands of people, including President Trump. The leak—linked to a 2024 sentencing of Charles Littlejohn—affected about 406,000 individuals, and Treasury faulted Booz Allen for inadequate data safeguards. Booz Allen Hamilton currently holds 31 contracts with Treasury totaling about $4.8 million annually and $21 million in total obligations. The firm did not comment on the action.
The White House says President Trump’s Working Families Tax Cuts Act will trigger the largest-ever U.S. tax refund season, with average refunds rising by about $1,000 or more in 2026 and many filers seeing near $4,000 in total tax savings, backed by various outlets noting retroactive provisions and expanded refunds, including no tax on tips, overtime, or Social Security and other incentives.
The Treasury Department canceled $21 million in Booz Allen Hamilton contracts after a Booz Allen ex‑employee who worked with the IRS leaked President Trump’s tax returns, saying Booz Allen failed to safeguard confidential taxpayer data. Booz Allen disputed parts of the claim, noting the crimes occurred on government systems and that it stores no taxpayer data. The leak affected more than 400,000 taxpayers; the ex‑employee, Charles Littlejohn, pleaded guilty in 2023. Booz Allen’s stock fell about 10% after the announcement.
The U.S. Treasury Department cut its contracts with Booz Allen Hamilton after a former IRS contractor who worked for the firm was sentenced to five years for leaking Trump’s and others’ tax information to The New York Times and ProPublica; Treasury said Booz Allen failed to implement adequate safeguards to protect sensitive data, while Booz Allen maintains it doesn’t store taxpayer data on its systems and will continue discussions with Treasury.
The IRS opens tax season with sweeping changes from the One, Big, Beautiful Bill Act, including new deductions for seniors, tips, and overtime; temporarily higher SALT limits and revised 2026 standard deductions; plus new filing options like IRS Free File and Free File Fillable Forms; refunds typically arrive within about 21 days for e-filed returns, with an April 15 deadline and about 164 million returns expected.