News

A surprise IRS move on political endorsements leaves faith leaders and legal experts divided
The new IRS interpretation came after decades of debate and, most recently, lawsuits from the National Religious Broadcasters ...
‘Enormous pressure.’ NC faith leaders react to IRS endorsement change
Churches can endorse candidates from the pulpit without endangering their tax-exempt status, the IRS said in a Texas court ...
Watchdog slams OpenAI with IRS complaint — warning CEO Sam Altman is poised for windfall in violation of US tax law
A tech watchdog has lodged a formal complaint against OpenAI with the Internal Revenue Service — warning that CEO Sam Altman looks poised to reap a stake worth billions in violation of US ...
What is the Johnson Amendment? What to know as IRS changes tax exemptions
A reinterpretation of a tax rule signals that houses of worship may now be able to endorse political candidates without ...
Decrypt8h
IRS Formally Removes Anti-DeFi Broker Rule From Tax Code
A resolution repealing the IRS rule was signed into law by President Trump in April, after passing both the House and Senate ...
IRS takes a step toward giving pastors a bully pulpit
By interpreting political discussions during worship as private conversations, the IRS creates a loophole that will lead to ...
They wrote the wrong amount on a tax check — it nearly cost them $30,000 and got them fined by the IRS
There are several mistakes that you can make while filing your tax return with the IRS that could cause a delay in processing ...
Mother Jones12h
Trump’s IRS Hands Christian Nationalists a Big Boost
As Lloyd Hitoshi Mayer, a law professor at the University of Notre Dame, explained to the New York Times, “It basically tells ...