Close Menu
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
  • Home
  • Audit
  • Finance
  • IRS
  • Legal
  • Tax News
  • Tax preparation
  • Tax Tips
  • USA Accounting
What's Hot

Judge puts temporary hold on Trump’s latest ban on Harvard’s foreign students : NPR

June 6, 2025

Elon Musk Says Trump’s Tariffs Will Cause a Recession Later This Year

June 6, 2025

She Moved From Saint Tropez to Thailand to Take Over a Boutique Hotel

June 6, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated

Facebook X (Twitter) Instagram
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
  • Home
  • Audit
  • Finance
  • IRS
  • Legal
  • Tax News
  • Tax preparation
  • Tax Tips
  • USA Accounting
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
Home » Senate Dems probe IRS chief nominee Billy Long’s campaign donations
Tax preparation

Senate Dems probe IRS chief nominee Billy Long’s campaign donations

EditorBy EditorMay 18, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


Billy Long speaking at a Donald Trump campaign event

Billy Long speaking at a Donald Trump campaign event

Al Drago/Bloomberg

The week before confirmation hearings for President Donald Trump’s nominee for commissioner of the Internal Revenue Service, former Missouri Congressman Billy Long, Democrats in the Senate are asking questions about the timing of campaign donations he received immediately after his nomination.

In a letter sent last Thursday to seven different companies — including an accounting firm, a tax advisory services firm, and a financial services provider — Democratic Senators Elizabeth Warren, D-Massachusetts, Ron Wyden, D-Oregon, and Sheldon Whitehouse, D-Rhode Island, questioned donations that the companies and some of their employees made to Long in the month and a half after his nomination in early December of 2024.

Between Dec. 4, 2024, and the end of January 2025, the letters said, Long’s unsuccessful 2022 campaign for Senate received $165,000 in donations — after nearly two years without receiving any — and his leadership PAC received an additional $45,000.

The donations allowed Long to repay himself the $130,000 balance of a $250,000 loan he had personally made to his campaign back in 2022.

(Read more: “DOGE downsizing, IRS commissioner switch complicate tax season.”)

The senators’ letters described the donations as “a highly unusual and almost immediate windfall,” and characterized many of the donors as being “involved in an allegedly fraudulent tax credit scheme.”

“The overlap between potential targets of IRS investigations and the list of recent donors heightens the potential for conflicts of interest and suggests that contributors to Mr. Long’s campaign may be seeking his help to undermine or avoid IRS scrutiny,” the letters said; adding, “This brazen attempt to curry favor with Mr. Long is not only unethical — it may also be illegal.”

The senators then warned, “There appears to be no legitimate rationale for these contributions to a long-defunct campaign other than to purchase Mr. Long’s goodwill should he be confirmed as the IRS commissioner,” before appending a list of approximately a dozen questions for the donors to answer.

The donations were originally discovered in early April by investigative news outlet The Lever, which the senators noted in their letters.

After Long left Congress in 2023, he worked for a tax consulting firm, including promoting the COVID-related Employee Retention Credit. In early January, Sen. Warren sent a letter to Long questioning his tax credentials and promotion of the ERC.

The IRS has run is now on its fifth acting or regular commissioner since President Trump announced his intention to nominate Long; a number of the commissioners resigned or were removed over policy differences with the administration and its Department of Government Efficiency.

Long’s confirmation hearing before the Senate Finance Committee is scheduled for this Tuesday, May 20.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Editor
  • Website

Related Posts

Tax Fraud Blotter: Prep perps

June 5, 2025

Tesla has $1.2B at risk from EV credits cut in Trump tax bill

June 5, 2025

IRS releases source code for Direct File program to public

June 5, 2025
Leave A Reply Cancel Reply

News
Finance

Walmart to expand drone deliveries to three more states

Walmart is bringing drone deliveries to three more states.On Thursday, the big-box retailer said it…

Lululemon beats on Q1 2025 earnings, cuts outlook

June 5, 2025

Here are the companies making job cuts

June 5, 2025
Top Trending
IRS

The pope took a vow of poverty. He may still need to file US taxes.

Premium Membership Required

You must be a Premium member to access this content.

Join Now

Already a member? Log in here
IRS

What do tax returns look like so far in the 2025 filing season?

Premium Membership Required

You must be a Premium member to access this content.

Join Now

Already a member? Log in here
IRS

IRS and Treasury Department under Trump working toward greater efficiency

Premium Membership Required

You must be a Premium member to access this content.

Join Now

Already a member? Log in here

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated

Welcome to USTaxNews.live – Your Trusted Source for U.S. Tax, Accounting, and Financial News.

At USTaxNews.live, we’re committed to delivering accurate, timely, and practical information on everything related to U.S. taxes, IRS updates, legal issues, accounting practices, and the broader financial landscape. Whether you’re a taxpayer, accountant, legal professional, or business owner, we’re here to help you stay informed and ahead of change.

Our Picks

House Majority Whip Tom Emmer claims budget bill will “increase wages” for workers

June 5, 2025

Rep. Ro Khanna says he’s “glad” Elon Musk is “speaking up” about budget bill

June 4, 2025

House Budget chair says Musk “absolutely wrong” to call Trump bill “disgusting abomination”

June 3, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated

  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 ustaxnews. Designed by ustaxnews.

Type above and press Enter to search. Press Esc to cancel.