Tribal tax credits linked to IRS nominee in spotlight

Tribal Tax Credits Linked to IRS Nominee in Spotlight

The IRS should open a criminal probe into promoters of tax credits the agency itself has called nonexistent, top Senate Democrats say in a new letter to acting Commissioner Melanie Krause.

Investors paid $24 million for the credits through March 2024, Bloomberg Tax reported last year.

President Donald Trump’s IRS commissioner nominee Billy Long listed financial ties to one promoter of the so-called sovereign tribal tax credits, according to ethics disclosure forms.

Senate Finance Committee ranking member Ron Wyden (D-Ore.) and Sen. Catherine Cortez Masto (D-Nev.) in a letter to ...