Tax Underreporting, High-Income Earners’ Non-Compliance Among Major Issues Facing IRS in 2025

The IRS is reportedly finding it difficult to plug the tax gap due to ‘sophisticated tax evasion schemes.’ Tackling the underreporting of incomes and ensuring tax compliance by wealthy individuals and corporations are two of the “major management challenges” the IRS is facing in fiscal year 2025, according to the Treasury Inspector General for Tax

RNC Appeals Georgia Judge’s Ruling That Invalidates 7 Election Rules

“The court here declares that these rules are illegal, unconstitutional and void,” Fulton County Superior Court Judge Thomas Cox ruled earlier this week. Republicans on Thursday appealed a Georgia judge’s ruling from earlier this week, which declared seven election rules recently passed by Georgia’s State Election Board to be unconstitutional. In a petition, the Republican

Biden Meets Western Allies, Discusses Future of Ukraine as Presidency Nears End

President Joe Biden meets with international leaders in Germany to plan for the long-term support of Ukraine. President Joe Biden is urging the United States’ European allies to continue supporting Ukraine as he prepares to leave office in January. Biden is currently in Germany, where he met with German Chancellor Olaf Scholz, French President Emmanuel

DOE Awards $2 Billion for 38 Electric Grid Expansion, Resilience Projects Across 42 States

The funding will be used to build or upgrade nearly 4,400 transmission-line miles and will generate 6,000 jobs and spur private investment, officials say. The U.S. Department of Energy (DOE) is issuing a $2 billion tranche of funding for 38 projects across 42 states in the second round of federal incentives designed to buttress the