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Trump’s IRS Lawsuit May End with a $1.7 Billion Compensation Fund

Taxes May 18, 2026 

Trump’s IRS Lawsuit May End with a $1.7 Billion Compensation Fund

U.S. officials have discussed creating a $1.7 billion federal fund to pay victims of so-called government weaponization to resolve President Donald Trump’s lawsuit against the Internal Revenue Service.

Featured Articles

May 15, 2026  

Taylor Swift, Lawsuits and Quirky Exemptions: How Empty Homes Tax Works in Six Locations

May 15, 2026  

Beware: Your Social Media May Be Making You the Target of a Fast-Rising Social Security Scam

May 15, 2026  

State Officials Demand Transparency as Businesses Get Billions in Trump Tariff Refunds

May 15, 2026  

New Tax on NYC Real Estate Sales Aimed at Helping Mamdani Close City Budget Gap

May 15, 2026  

IRS Extends Tax Deadline Again for Most Western Washington Residents
Trump Administration Shuts Down CFPB Headquarters, Stops Agency’s Activities

Accounting February 10, 2025 

Trump Administration Shuts Down CFPB Headquarters, Stops Agency’s Activities

In the notification, Vought ordered agency employees to stop working on proposed rules, to suspend effective dates of rules that were finalized, and to stop investigative work, according to the AP’s report.

 Trump Plans to Impose 25% Tariffs on Steel, Aluminum Imports

Taxes February 10, 2025 

Trump Plans to Impose 25% Tariffs on Steel, Aluminum Imports

The president also said he would announce reciprocal tariffs this week on countries that tax U.S. imports, which would be enacted almost immediately after an announcement.

DOGE Team Now Seeks Access to Treasury’s Accounting Data

Accounting February 10, 2025 

DOGE Team Now Seeks Access to Treasury’s Accounting Data

Elon Musk's DOGE team will be in Parkersburg, WV, from Tuesday through Thursday, where Treasury keeps its Central Accounting Reporting System, or CARS, which handles accounting and reporting access for all federal agencies.

Interpreter Who Stole Millions From Shohei Ohtani Gets 57 Months in Prison

Taxes February 7, 2025 

Interpreter Who Stole Millions From Shohei Ohtani Gets 57 Months in Prison

Ippei Mizuhara, who stole nearly $17 million from the Los Angeles Dodgers superstar to cover debts, was ordered to pay nearly that sum in restitution to Ohtani and a little more than $1 million to the IRS.

U.S. Hiring Cools in January with 143,000 Jobs Added

Payroll February 7, 2025 

U.S. Hiring Cools in January with 143,000 Jobs Added

U.S. job growth slowed at the start of the year, the government said Friday, as business services, manufacturing and other major industries held back on adding new jobs amid increased uncertainty around the economy.

Trump Buyout at 50,000 Takers as Focus Shifts to Poor Performers

Payroll February 7, 2025 

Trump Buyout at 50,000 Takers as Focus Shifts to Poor Performers

Now the Trump administration is signaling a tougher posture in its bid to shrink the government’s workforce, asking federal agencies to draw up lists of their poorest performing employees by March 7.

2019 1040 form taxes

State and Local Taxes February 6, 2025 

Trump Considers Ending Carried Interest, Expanding SALT Deduction

President Donald Trump outlined his tax priorities in a meeting with Republican lawmakers, including a call to end the carried interest tax break used by private equity fund managers and expand the state and local tax deduction.

U.S. Initial Jobless Claims Pick Up, Data Shows

Payroll February 6, 2025 

U.S. Initial Jobless Claims Pick Up, Data Shows

The level of initial claims remain generally in line with pre-COVID-19 levels, and private employment data from ADP Research showed a healthy pace of hiring in January.

Thousands of 1099-G Tax Forms Sent to Incorrect Addresses in Maryland

Taxes February 4, 2025 

Thousands of 1099-G Tax Forms Sent to Incorrect Addresses in Maryland

A printing malfunction caused about 6,000 1099-G forms to end up at the wrong addresses, a notice posted Feb. 4 by the Maryland comptroller’s office warned.

Will Trump’s Tariffs Impact How Americans Shop? Here’s What a New Poll Found

Payroll February 4, 2025 

Will Trump’s Tariffs Impact How Americans Shop? Here’s What a New Poll Found

Most Americans believe tariffs will lead to higher prices—and, as a result, many have already changed how they shop, new polling from YouGov reveals.

Trump ‘Delays’ Tariffs on Mexico and Canada as Nations’ Leaders Threaten Their Own Tariffs

Small Business February 4, 2025 

Trump ‘Delays’ Tariffs on Mexico and Canada as Nations’ Leaders Threaten Their Own Tariffs

Trump on Monday shelved plans for wide-ranging tariffs on Canada and Mexico, after doing the same for Colombia the prior week. In each case, Trump relented despite countries promising only modest changes on border security and immigration.

Trump Pauses 25% Tariffs on Canadian Goods for a Month After Deal with Trudeau

Taxes February 3, 2025 

Trump Pauses 25% Tariffs on Canadian Goods for a Month After Deal with Trudeau

After what he called a “good call” with President Trump, Prime Minister Justin Trudeau said Canada would be implementing tougher border security to fight illegal immigration and drug trafficking along the nation’s shared border.

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