Ten years ago, the tax agency formed a special team to unravel the complex tax-lowering strategies of the nation’s wealthiest people. But with big money — and Congress — arrayed against the team, it never had a chance.
A new study shows dramatic regional differences in who gets audited. The hardest hit? Poor workers across the country.
Bernie Sanders, Elizabeth Warren and three fellow senators say the agency should do more to tackle financial crimes, even in the face of crippling budget cuts.
If you claim the earned income tax credit, whose average recipient makes less than $20,000 a year, you’re more likely to face IRS scrutiny than someone making twenty times as much. How a benefit for the working poor was turned against them.
An eight-year campaign to slash the agency’s budget has left it understaffed, hamstrung and operating with archaic equipment. The result: billions less to fund the government. That’s good news for corporations and the wealthy.
Millions of low-income families rely on the earned income tax credit. We took an IRS audit notice sent to one taxpayer who’d claimed the EITC and annotated it to help explain what it really means.
Audits and criminal referrals are down sharply since Congress cut the tax agency’s budget and management changed priorities.
There’s ample evidence many people don’t file for bankruptcy simply because they can’t pay an attorney. It’s a fixable problem.
In the latest sign that the Consumer Financial Protection Bureau is pulling back from aggressive enforcement, it dropped an investigation triggered by a 2013 ProPublica story about a lender that charges triple-digit interest rates.
En la principal ciudad de California, estafadores se aprovechan de propietarios que arriesgan perder sus hogares. Los latinos son uno de los grupos más afectados.
Los Angeles is the nation’s hub for bankruptcy crime. Scammers prey on struggling homeowners with little fear of getting caught, because criminal enforcement of bankruptcy laws is rare.
The story detailed how the city’s poor black residents are steered into bankruptcy plans they are doomed to fail. Two City Council members are looking at a series of solutions to address the underlying problems.
For years, an Equifax policy has treated some Chapter 13 filers differently than the other two major credit rating agencies. After ProPublica asked about it, the company said it would change the policy.
ProPublica’s analysis of racial disparities in bankruptcy revealed a skyrocketing number of filings in Chicago’s black neighborhoods. But most of the cases will fall apart before the debts are wiped away.
Key differences between the chapters make choosing the right one critical for success. Using our analysis, we explain how they work and how people fare under each.
An in-depth discussion of racial patterns in bankruptcy filings and outcomes
Only in the South is Chapter 13 the predominant form of bankruptcy. We mapped Chapter 13’s usage to show that it breaks not only along regional, but also racial lines.
Black people struggling with debts are far less likely than their white peers to gain lasting relief from bankruptcy, according to a ProPublica analysis. Primarily to blame is a style of bankruptcy practiced by lawyers in the South.
Bill seeks to block collectors from cleaning out debtors’ bank accounts over medical debts of a few hundred dollars.
When Steven Mnuchin ran OneWest, the bank aggressively and in some cases, wrongly, foreclosed on elderly homeowners with reverse mortgages. The bank had a disproportionate share of such foreclosures.