Trump's lawyers called this accounting firm "negligent," but the IRS believed it ensured his taxes were accurate
CBSN
When Congress' Joint Committee on Taxation investigated the IRS audits of Donald Trump's taxes, an agent's note in the review of Trump's 2017 filings stood out.
The IRS agent wrote that Trump "hires a professional accounting firm and Counsel to prepare and file tax return," and they "ensure" that Trump "properly reports all income and deduction items."
Joint Committee staff were befuddled by the note, according to a report on the IRS' mandatory audit of the former president's taxes, published Tuesday by the House Ways and Means Committee.
President Biden on Monday signed into law a defense bill that authorizes significant pay raises for junior enlisted service members, aims to counter China's growing power and boosts overall military spending to $895 billion despite his objections to language stripping coverage of transgender medical treatments for children in military families.
It's Christmas Eve, and Santa Claus is suiting up for his annual voyage from the North Pole to households around the world. In keeping with decades of tradition, the North American Aerospace Command, or NORAD, will once again track Santa's journey to deliver gifts to children before Christmas 2024, using an official map that's updated consistently to show where he is right now.
An anti-money laundering law called the Corporate Transparency Act, or CTA, appears to have been given new life after an appeals court on Monday determined its rules can be enforced as the case proceeds. The law requires small business owners to register with the Financial Crimes Enforcement Network, or FinCEN, by Jan. 1, or potentially pay fines of up to $10,000.