revenue service of the United States federal government
How investment firms shield the ultrawealthy from the IRS - ICIJ: An ICIJ investigation examining hundreds of leaked tax forms offers a glimpse into the huge ...
icij.org/inside-icij/2024/04/how-investment-firms-shield-the-ultra-wealthy-from-the-irs/
Quick Glance: How Investment Firms Shield the Ultrawealthy from Tax Authorities
- In 2015, the U.S. Department of Treasury hired economist Owen Zidar to help government officials examine the growing use of complex company structures and trusts by the ultrawealthy. These new investment schemes, often referred to as 'large partnerships,' are pervasive in private equity funds and similar investment firms.
- Following years of budget cuts, it was evident to Owen Zidar, now a professor of economics at Princeton University, that the IRS was not effectively enforcing tax laws for the ultrarich.
- With a significant infusion of funding, the IRS is now making efforts to penetrate these opaque bastions of wealth. An investigation by ICIJ sheds light on the challenges faced by the tax authority in untangling the secretive structures of the ultrawealthy.
- Partnerships play a crucial role in U.S. tax law and have become a focal point for large fortunes, contributing to a poorly understood aspect of growing economic inequality. Despite additional funding for the IRS, addressing large partnerships remains a formidable task.
How investment firms shield the ultrawealthy from the IRS - ICIJ: An ICIJ investigation examining hundreds of leaked tax forms offers a glimpse into the huge ...
icij.org/inside-icij/2024/04/how-investment-firms-shield-the-ultra-wealthy-from-the-irs/
Quick Glance: How Investment Firms Shield the Ultrawealthy from the IRS
- Investment firms create opaque structures for the ultrawealthy.
- The IRS seeks to penetrate the opaque structures of the top 1%.
- The IRS struggles with opaque regulations and lack of information.
- Experts emphasize the need for professionals and transparency in the IRS.
Tax refunds expected to be bigger this year: WASHINGTON — Refunds are looking a bit bigger for taxpayers this year.
postandcourier.com/tax-refunds-expected-to-be-bigger-this-year/article_f8d338da-fb6b-11ee-973d-d7fdea2637b0.html
You Shouldn’t Be So Happy About Your Tax Refund. Here’s Why: I just wrote out a big check and got nothing in return.
bloomberg.com/news/newsletters/2024-04-18/you-shouldn-t-be-so-happy-about-your-tax-refund-here-s-why
Quick Glance: Taxpayers Beware: Avoid 'Surprise' Fees
- Taxpayers may face 'surprise fees' if their tax refund from the previous year was too high.
- The IRS warned today that taxpayers could face a harsh hit to their wallets if they do not use the IRS Tax Withholding Estimator.
- The IRS recommends reviewing the withholding estimator annually, especially after significant life events.
- Not withholding the right amount from your income could become a growing issue as the IRS has increased many tax brackets and deductions by over 5 percent.
One Day 10 Years Ago, I Stopped Paying My Taxes. I Don’t Regret a Thing.: I ignored the IRS for an entire decade and got away with it. I think.
slate.com/human-interest/2024/04/taxes-file-pay-2024-stop-paying-irs.html
IRS Updates Millions of Taxpayers After Tax Day: Additional funding from the Inflation Reduction Act has improved some IRS services, the government agency has ...
newsweek.com/irs-updates-millions-taxpayers-tax-day-1890720
Famed photographer quits Ford board over Liz Cheney snub: David Hume Kennerly wanted the Trump critic honored with the foundation’s top award.
politico.com/news/2024/04/10/david-hume-kennerly-liz-cheney-gerald-ford-foundation-00151480
Tax season so far: Increasing the pace: The number of individual income tax returns received rose by more than 17.5% in just one week ...
accountingtoday.com/list/tax-filing-season-statistics-through-april-5-2024
Quick Glance: Deadline Approaching for 2020 Tax Refund Claims, IRS Warns
- The deadline is approaching for claiming unclaimed tax refunds, as stated by the Internal Revenue Service.
- Individuals who did not file a tax return in 2020 may still be eligible to claim Economic Impact Payments linked to coronavirus relief through the Recovery Rebate Credit.
- The Earned Income Tax Credits for low- and moderate-income workers may also have gone unclaimed.
- Taxpayers have three years to file and claim tax refunds before the money becomes property of the U.S. Treasury.
Speaking on tax day, Rep. Marjorie Taylor Greene said that everyone is having to pay the IRS "to fund a government that doesn’t care about fixing the ... Show more
Senator Warren slams Intuit's 'junk fees' as America's Tax Day rolls around again
theregister.com/2024/04/15/warren_intuit_tax/
A Guide to Tax Deductions for Charitable Donations: Here's how your philanthropic giving can lower your tax bill.
money.usnews.com/money/personal-finance/taxes/articles/a-guide-to-tax-deductions-for-charitable-contributions
Compact Fluorescent Bulbs to Be Phased Out Under New Biden Rule: Compact fluorescent light bulbs — once considered corkscrew-shaped emblems of the clean-energy ...
bloomberg.com/news/articles/2024-04-12/new-biden-rule-means-lights-out-for-compact-fluorescent-bulbs
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How to file your tax returns: 6 things you should know this year: For something that's legally required, taxes can be confusing. This guide covers the latest ...
npr.org/2023/02/22/1158816222/how-to-prepare-for-tax-season
Quick Glance: Gender Pay Gap in UK Supermarkets and Income Impact
- UK supermarkets are closing gender pay gap, with Morrisons experiencing a rise.
- Ocado and Lidl show the most improvements, while Morrisons has the largest gap.
- Hourly pay differences are reported by government service.
- Equality initiatives and workplace improvements at M&S and Co-op.
TaxAct 2024 (Tax Year 2023) Review: TaxAct guides new and experienced users through filing taxes online. Its strengths lie in its simple navigation ...
pcmag.com/reviews/taxact
Some H&R Block customers faced hours of outages on Tax Day: Some H&R Block customers who waited until the last minute to file their taxes faced frustrating ...
cnn.com/2024/04/15/business/h-r-block-outages-tax-day/
Krispy Kreme rolls out sweet tax break deal for customers on Tax Day: Krispy Kreme announced Friday that customers can purchase an Original Glazed or Assorted ...
foxbusiness.com/lifestyle/krispy-kreme-rolls-out-sweet-tax-break-deal-for-customers-tax-day
CIA refutes whistleblower claim pushed by Republicans leading Biden impeachment inquiry
cnn.com/2024/04/05/politics/comer-jordan-whistleblower-claim-cia/
Your Tax Bill Is Due in 8 Days, but Don't Panic. What to Do if You Can't Pay: Ignoring your balance won't make it go away. Following this CPA's tips can help.
cnet.com/personal-finance/taxes/your-tax-bill-is-due-in-8-days-but-dont-panic-what-to-do-if-you-cant-pay/
More than half a billion dollars of taxpayer money has paid for other people’s EVs
charlotteobserver.com/news/business/article287702470.html
Why Billionaire Mark Cuban Just Wired $276 Million To The IRS: The billionaire revealed his latest eye-popping IRS bill. But bear in mind, 2023 wasn’t a typical ...
forbes.com/sites/jemimamcevoy/2024/04/15/why-billionaire-mark-cuban-just-wired-280-million-to-the-irs/
Donald Trump Fundraiser May Have Broken the Law: An organization that has limits on its political activities held a fundraiser last week where Donald Trump spoke ...
newsweek.com/donald-trump-fundraiser-florida-law-border-foundation-1887858
Breast implants, pets, private jets: some of the oddest tax deductions the IRS has granted
usatoday.com/story/money/taxes/2024/02/20/strange-tax-deductions-irs-allows/72631417007/
9 Red Flags That Could Trigger a Tax Audit: Learn how to protect yourself from audit red flags – and strengthen your case if you do hear from the IRS.
money.usnews.com/money/personal-finance/slideshows/9-red-flags-that-could-trigger-a-tax-audit
The president’s salary is well above the average American’s. But is it enough to drive up his net worth? www.forbes.com/sites/zacheverson/2024/04/18/joe-biden-net-worth-2023-tax-returns/
These 12 States Can Now File Taxes Directly With the IRS: Direct File is the IRS free tax preparation software program, which is now in its pilot phase.
money.usnews.com/money/personal-finance/taxes/articles/these-12-states-can-now-file-taxes-directly-with-the-irs
Here's How Much Mark Cuban Is 'Proud' to Pay in Taxes This Year — And What To Do If You're Still Scrambling to File Your Tax Return
entrepreneur.com/business-news/mark-cuban-proud-to-pay-hundreds-of-millions-in-taxes/472697
Rapper Tekashi 6ix9ine’s Florida home raided by IRS, cars and other items seized: In yet another problem with the law, rapper Tekashi 6ix9ine had several of his ...
nydailynews.com/2024/04/17/tekashi-69-house-raided-irs-cars-seized/
IRS Takes a First Step Into E-Filing for This Year’s Tax Returns: This is Washington Edition, the newsletter about money, power and politics in the nation’s ...
bloomberg.com/news/newsletters/2024-04-04/irs-takes-a-first-step-into-e-filing-for-this-year-s-tax-returns
How to Get Free Help With Your Taxes: From federal programs to local resources, here's where to get free help with your taxes.
money.usnews.com/money/personal-finance/taxes/articles/how-to-find-tax-help-for-free
Is There Mail on Tax Day? USPS, UPS, FedEx Hours Today: Taxes are due on April 15 this year, and for those who don't file electronically, the mail must serve.
newsweek.com/there-mail-tax-day-usps-ups-fedex-hours-today-1889944
Judge Forces Families to Pay Money on Tax Credit: Arizona's Attorney General Kris Mayes hoped to get the rebate, which was worth up to $750 ...
newsweek.com/judge-forces-federal-taxes-arizona-family-rebate-1889394
Biden Tries Executive Action to Fulfill Campaign Promises: This is Washington Edition, the newsletter about money, power and politics in the nation’s capital ...
bloomberg.com/news/newsletters/2024-04-12/biden-tries-executive-action-to-fulfill-campaign-promises
Bought an EV in 2023? See if You Qualify for the $7,500 Tax Credit: Find out if the EV you purchased in 2023 meets the qualifications for the clean vehicle tax ...
cnet.com/roadshow/news/bought-an-ev-in-2023-see-if-you-qualify-for-the-7500-tax-credit/
I Messed Up My Taxes. How Long Does the IRS Have to Find Me?: The long arm of the agency can reach taxpayers years after they file an erroneous return.
on.wsj.com/4aSgQsE
S&P 500 Index (SPX) Sees Worst Week Since October Amid Geopolitical Tensions: Just weeks ago, it all felt so easy. Jerome Powell was poised to kick off the great ...
bloomberg.com/news/articles/2024-04-12/risk-addicted-wall-street-funds-are-shaken-as-bad-news-piles-up
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People are getting taxed for gig work they've never done: Uber and DoorDash have been sending tax forms to people who have never worked for the gig delivery ...
businessinsider.com/people-getting-taxed-for-gig-work-never-done-doordash-uber-2024-4
IRS Commissioner Werfel talks about Direct File, audits and IRS budget: The agency’s leader says it has identified the problems with its algorithm that have led ...
washingtonpost.com/business/2024/04/12/irs-commissioner-werfel-michelle-singletary-interview/
Broward woman accused of making $500,000 in false tax returns, spending it on plastic surgery, home renovations
sun-sentinel.com/2024/04/13/broward-woman-accused-of-making-500000-in-false-tax-returns-spending-it-on-plastic-surgery-home-renovations/
Bloomberg Evening Briefing: A Bad Day for Big Banks on Wall Street: Get caught up.
bloomberg.com/news/newsletters/2024-04-12/bloomberg-evening-briefing-a-bad-day-for-big-banks-on-wall-street
Legal Defense Fund For Trump Allies Has Spent $478,000 This Year But Next To Nothing On Attorneys’ Fees
forbes.com/sites/zacheverson/2024/04/16/trump-patriot-legal-defense-fund-allies-attorney-fees/
What Biden's new student loan forgiveness plan means for your taxes: President Joe Biden on Monday unveiled a new student loan forgiveness plan ...
cnbc.com/2024/04/09/what-bidens-new-student-loan-forgiveness-plan-means-for-your-taxes.html
Quick Glance: Biden Seeks Student Debt Relief
- The Biden administration unveils plans to erase student debt for millions of Americans to fulfill a 2020 presidential promise.
- The proposed new program aims to provide targeted relief to specific groups of borrowers, including long-term debt holders and those in financial distress.
- Over 25 million borrowers are set to benefit from up to $20,000 in interest cancellation, with automatic relief planned for eligible borrowers.
- In addition to these reliefs, long-term borrowers and those experiencing financial hardships will also receive assistance, with the debt relief process expected to take some time.
Walgreens Boots Alliance Gets Bill for $2.7 Billion From the IRS After Tax Audit: Walgreens Boots Alliance was audited $2.7 billion by the IRS this tax season ...
entrepreneur.com/business-news/walgreens-audited-for-billions-by-the-irs/472219
When rogue brokers switch a person's ACA health insurance, tax surprises can follow
npr.org/sections/health-shots/2024/04/15/1244820008/tax-irs-health-insurance-aca-obamacare
Bogus 'tax service specialists' duped business owners in latest Covid relief debacle, IRS says
nbcnews.com/news/investigations/bogus-tax-service-specialists-duped-business-owners-latest-covid-relie-rcna147183
What Happens if You Don’t File Your Taxes by April 15: Missing the deadline can be costly—even for taxpayers who get an extension from the IRS.
wsj.com/personal-finance/taxes/tax-day-2024-extensions-refunds-irs-d12ada6d
With the tax deadline looming, the more than 40 million U.S. residents who speak Spanish at home are finally getting some help from the IRS and TurboTax. www.forbes.com/sites/kellyphillipserb/2024/04/13/how-turbotax-is-using-ai-to-demystify-taxes-for-spanish-speakers/
Bad tax advice is multiplying on TikTok: Deducting your kids or your car might not really be the path to riches.
washingtonpost.com/business/2024/04/08/tiktok-tax-advice-misinformation/
IRS Warns Taxpayers Over Online Accounts: Scammers frequently target taxpayers in the run up to the annual federal tax filing deadline.
newsweek.com/irs-warns-taxpayers-online-accounts-1885844
Made (or lost) money on bitcoin or other crypto last year? The IRS wants details: If you’re a crypto investor or have been paid in bitcoin or other ...
cnn.com/2024/04/08/success/taxes-crypto-digital-assets-bitcoin/
Tax Day 2024: A Procrastinator’s Guide To Deadlines, Extensions And Last-Minute Filing
go.forbes.com/c/23vY
Fight Forces IRS Office To Close Days Before Tax Deadline: An office in Houston was closed after a fight broke out between two people waiting for in-person ...
newsweek.com/fight-forces-irs-office-close-days-before-tax-deadline-1890127
Perilous Tax Filing Mistakes And How To Avoid Them This Season: Tax season can be a stressful time if you haven’t kept accurate records and mistakes can come ...
forbes.com/video/6347759790112/perilous-tax-filing-mistakes-and-how-to-avoid-them-this-season/
Elizabeth Warren targets TurboTax with hilarious ad promoting free tax filing service
thestreet.com/taxes/elizabeth-warren-targets-turbotax-hilarious-ad-promoting-free-tax-filing
Opinion | The IRS Is Here to Help With Direct File. Oh No: The tax man wants to file your taxes for you. What could go wrong?
wsj.com/articles/irs-direct-file-taxes-elizabeth-warren-joe-biden-aa7c214d
IRS investigating almost $9B in pandemic fraud: The agency has indicted almost 800 people for COVID fraud, and has a 98.5% conviction rate.
accountingtoday.com/news/irs-investigating-almost-9b-in-covid-pandemic-fraud
Paid articlePaid More than $1 billion in federal tax refunds unclaimed as filing deadline approaches: How to claim yours
nbcnews.com/business/taxes/unclaimed-tax-refund-how-much-and-how-to-apply-what-year-rcna145604
Quick Glance: Martin Lewis Warns Taxpayers to Avoid Losing 1,000s
- Martin Lewis has issued a one-week warning to taxpayers who could risk losing hundreds if they don't take action.
- Tax allowances can be claimed up to four tax years before the current one.
- Married or partnered individuals should check eligibility for the marriage tax allowance.
- It is crucial to review the tax code and potential refunds for uniforms.
Bulletproof Your Tax Return to Avoid Costly Mistakes and IRS Audits: Here are steps every taxpayer can take to avoid the most common filing errors.
wsj.com/personal-finance/taxes/tax-returns-2024-mistakes-529ca4e8
It's time to file your federal taxes ... or an extension: While there are options to delay filing a return and paying tax bills past April 15 ...
scrippsnews.com/stories/it-s-time-to-file-your-federal-taxes-or-an-extension/
Lower Your IRS Audit Risk Before Filing Your Tax Return With These Tips: The odds of being selected for an audit are small. Still, some behaviors may attract ...
trib.al/BBonjED
Opinion | IRS’s Most Wanted: The $200,000 Man: Sixty-three percent of new audits last year were aimed at middle-class filers.
wsj.com/articles/irs-tax-collectors-audit-middle-class-tigta-5071d622
IRS Updates Taxpayers on Receiving Direct Deposit: People have been reminded of the quickest and easiest way to receive their federal refund ahead of the April ...
newsweek.com/irs-tax-returns-direct-deposit-1886332
More than half a billion dollars of taxpayer money has paid for other people's EVs
thestreet.com/electric-vehicles/taxpayer-money-paying-peoples-evs
Do Not Try These 5 'Loopholes' to Cheat Your Taxes — Or You Will Get Caught | Entrepreneur
entrepreneur.com/money-finance/do-not-try-these-5-loopholes-to-cheat-your-taxes-or/471795
US tax returns are due in two weeks, but millions of people have some extra time to file
cnn.com/2024/04/01/success/us-tax-returns-are-due-in-two-weeks-except-for-millions-of-people/
Paid articlePaid Do Not Try These 5 'Loopholes' to Cheat Your Taxes — Or You Will Get Caught | Entrepreneur
entrepreneur.com/money-finance/do-not-try-these-5-loopholes-to-cheat-your-taxes-or/471795
How to Find a Reputable Tax Preparer Near You: Locate an experienced tax preparer by asking around, establishing a relationship and avoiding common scams.
money.usnews.com/money/personal-finance/articles/how-to-find-a-reputable-tax-preparer-near-you
What Is a 1040 Tax Form and How Does It Work?: If you’re preparing your taxes, you'll file federal income tax Form 1040.
money.usnews.com/money/personal-finance/taxes/articles/your-guide-to-the-1040-tax-form
IRS Dirty Dozen List Advises Taxpayers And Tax Pros To Watch Out For Scammers: These scams and schemes put taxpayers, businesses, and the tax professional ...
trib.al/5IJLC6G
Your Tax Refund May Be Offset If You Owe Taxes, Child Support Or Other Debt Thanks To A Federal Program
forbes.com/sites/kellyphillipserb/2024/03/27/your-tax-refund-may-be-offset-if-you-owe-taxes-child-support-or-other-debt-thanks-to-a-federal-program/
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Four big tax myths flying around on TikTok: ‘Anyone who follows this is in for a world of hurt’
theguardian.com/money/2024/apr/11/taxes-tiktok-myths-accountants
SCAM ALERT: It's April: a month synonymous with budding flowers, warming days, and taxes.
And every April, scammers target scores of Americans with phony ... Show more www.goodmorningamerica.com/news/video/irs-commissions-sounds-alarm-tax-scams-108839256
IRS has $1 billion in 2020 tax refunds. Time is running out to collect.: The window to claim a refund owed you for the 2020 tax year closes on May 17.
washingtonpost.com/business/2024/03/27/2020-unclaimed-tax-refunds/
Tax season so far: Reaching a plateau: The average direct deposit refund amount has remained steady at more than $3,000 for the past six weeks ...
accountingtoday.com/list/tax-filing-season-statistics-through-march-22-2024
Last minute tax tips: What to know when filing your 2023 tax return before the deadline
azcentral.com/story/money/business/consumers/2024/04/13/what-to-know-when-filing-your-2023-tax-return-near-april-15-deadline/73299027007/
Money Talk with Liz Weston: Avoid deducting personal expenses: The IRS says you can deduct the “ordinary and necessary” expenses for managing and maintaining a ...
latimes.com/business/story/2024-04-07/money-talk-liz-weston-taxes-deductions-irs-social-security
IRS Changes Rules for Some Taxpayers in New Update: The agency said that the move will allow some groups to have their tax filing deadlines extended.
newsweek.com/irs-changes-rules-some-taxpayers-new-update-1887128
Some taxpayers will see a bonus from the IRS this year: It almost seems too good to be true, but Congress is poised to deliver an unexpected windfall to families ...
post-gazette.com/business/money/2024/04/06/irs-tax-child-refund-credit-congress-werfel/stories/202404070038
What Happens if You Don't Pay Your Taxes?: A trip to jail is unlikely, but cleaning up the financial mess could take awhile.
money.usnews.com/money/personal-finance/taxes/articles/what-happens-if-you-dont-pay-your-taxes
Your Tax Refund May Be Offset If You Owe Taxes, Child Support Or Other Debt Thanks To A Federal Program
forbes.com/sites/kellyphillipserb/2024/03/27/your-tax-refund-may-be-offset-if-you-owe-taxes-child-support-or-other-debt-thanks-to-a-federal-program/
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