All posts tagged "Departmentofthetreasury"

NEW YORK — Mayor Eric Adams’ most recent tax forms, which he released to the press Thursday night, appear to contradict financial disclosures he made to the city’s Conflicts of Interest Board for the 2021 calendar year. Adams earned $231,977 in taxable income in 2021. According to his 2021 federal income tax return to the Internal Revenue Service, he overpaid $338 on his federal tax returns, an amount he requested a $245 refund for. He also appears to have received a refund of $1,118 on state and city taxes, his state return shows. Aside from those relatively modest windfalls, the mayor’s late......

States with small populations say a federal plan to take back unspent emergency rental aid and redistribute it elsewhere is unfair, potentially depriving them and their residents of millions of dollars to address broad affordable housing challenges. Last December’s federal law appropriating $25 billion for emergency rental assistance scattered the money to some 500 grantees across all 50 states—but it also authorized the U.S. Treasury Department to recapture unused funds beginning Sept. 30. Under the law, the Treasury can take back money from grantees that failed to spend or allocate at least ......

The Department of Justice’s Office of Legal Counsel really didn’t need a 39-page opinion on Friday to decide that, yes, Congress has the right to obtain from the Treasury Department and the IRS the personal income tax returns of a president (or a former president). We’ll do it in two sentences: No one is above the law. And that means everyone. The fight started with six years of Donald Trump’s returns, from 2013 to 2018, (assuming he filed them). House Ways and Means Chair Richie Neal wanted to see those papers, in accordance with a long-standing and crystal clear law giving that panel the rig......