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Internal Revenue Service

U.S. federal agency that collects taxes and enforces the Internal Revenue Code, including audits and transfer-pricing disputes with multinationals.

Current stories

invest1 publisher

Daines's crypto tax draft pairs 2027 stablecoin relief with wash-sale limits on traders

Sen. Steve Daines's 13-section draft would stop taxing near-$1 stablecoin payments and network fees of $10 or less, while extending wash-sale rules to crypto. The relief goes to people who spend stablecoins, and the cost falls on trading desks that sell at a loss and buy straight back.

Reality

Evidence40
Adoption
Insufficient
Hype gap+15
Incentives
Insufficient
Confidence40
invest1 publisher

Former detective who ran Adam Iza's guard firm gets 21 months for abusing his badge

Eric Chase Saavedra, the ex-LA sheriff's detective who ran Adam Iza's guard firm, got 21 months in prison, the last of five deputies sentenced. The case record shows Iza's roughly $100,000 a month also bought police database searches and a court warrant, a risk that comes with any security firm staffed by serving officers.

Reality

Evidence58
Adoption
Insufficient
Hype gap+5
Incentives
Insufficient
Confidence55