Trump's choice of leading IRS promoted a non -existent tax credit

Billy Long, a former Republican congress member from Missouri, which President Trump has commissioned the head of the Internal Revenue Service, encouraged people to claim a tax credit that the IRS does not offer, according to the company that has offered the tax benefits.

The efforts of Mr. Long to promote the tax credit together with his hiring a separate tax compensation from pandemic from pandemic from pandemic will be examined on Tuesday when he appears before the Senate Finance Committee for his confirmation hearing.

After leaving the congress in 2023, Mr. Long, who had no background in taxes, began working with a network of companies that made the taxpayer of Great IRS reimbursements after his financial disclosure and earlier reporting of the New York Times.

One of these units was White River Energy Corporation, an oil and gas company based in Arkansas. The company said that it joined an unnamed tribal site to sell “tribal tax credits” to people who wanted to claim the alleged credits and reduce their tax bill.

In an explanation last month the company Mr. Long “made an insignificant amount of transfers of these loans to third parties.” White River also defended the loan and said that the federal government had never told the company that he should stop using it. Bloomberg Tax initially unveiled the business practices of the White River.

A financial disclosure that Mr. Long submitted in the context of his confirmation process shows that he receives at least 5,000 US dollars in compensation from White River, in addition to tens of thousands of dollars of payments for working with other companies that encouraged customers to submit large reimbursements, including the use of the alleged stem loan.