The IRS chief wants to zero in on wealthy tax cheats: IRS Commissioner Danny Werfel says in a wide-ranging interview with The Associated Press the federal tax ...
apnews.com/article/irs-tax-season-income-taxes-revenue-werfel-8387205aac2c916fd62cc7b40a439cdd
Quick Glance: IRS's Struggle with Tax Crimes Over a Decade
- In the past fiscal year, the civil IRS referred only 157 tax cases for criminal investigation - from more than 200 million tax forms filed annually, as shown by new federal data.
- There has been a significant decrease in the possible tax crimes identified by civil investigators of the IRS over the past 10 years.
- In early 2022, Congress granted the IRS an additional $80 billion to staff up the agencies that audit millionaires, billionaires, and large corporations.
- Experts widely agree that the efforts to overhaul the IRS will take years, including the hiring and training of thousands of new officers and modernizing its sprawling data systems.
Yellen to Visit Senior Leaders in China in April, Politico Says: Treasury Secretary Janet Yellen will visit China in April to meet with the country’s senior ...
bloomberg.com/news/articles/2024-03-23/yellen-to-visit-senior-leaders-in-china-in-april-politico-says
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AI Is Making Financial Fraud Easier and More Sophisticated, US Treasury Warns: Artificial intelligence is making it easier for fraudsters to carry out more ...
bloomberg.com/news/articles/2024-03-27/impersonation-phishing-getting-trickier-with-ai-treasury-warns
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Waiting on your tax refund? Here's why your return may be taking longer this year
usatoday.com/story/money/taxes/2024/03/27/why-tax-refund-taking-so-long/73100722007/
Don't Like Your 2024 Tax Refund? Here's an Easy Way to Get a Bigger One Next Year
cnet.com/personal-finance/taxes/dont-like-your-2024-tax-refund-heres-an-easy-way-to-get-a-bigger-one-next-year/
Biden's Bid to Tax the Rich Could Be the 2024 Lift the President Needs: New polling finds a majority of Americans across party lines support raising taxes on ...
commondreams.org/news/income-inequality-biden-tax-rich
Corporate Transparency Ruling Complicates Campaign to Register Business Owners: The Treasury Department says it will continue to collect ownership information as ...
wsj.com/articles/corporate-transparency-ruling-complicates-campaign-to-register-business-owners-87ade241
US imposes sanctions on finance, trade facilitators of Houthis, Hezbollah, Quds Force
reuters.com/world/us-imposes-sanctions-finance-trade-facilitators-houthis-hezbollah-quds-force-2024-03-26/
Rich Americans Looking to Cut Tax Burden Are Boon for Muni Bonds: Americans are getting richer, setting up the municipal bond market for a bounty of opportunity.
bloomberg.com/news/articles/2024-03-20/wealth-boom-among-ultra-rich-drives-demand-for-munis-tax-shield
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Tax Season Is Underway. Here Are Some Tips to Navigate It: For many Americans, filing tax returns can be a daunting task. Here's everything you need to know.
time.com/6958307/tax-season-tips-us/
FATCA IRS Tax Law: Americans Prepare to Renounce Citizenship at Lower Fee: US citizens living outside the country are preparing to officially cut ties after ...
bloomberg.com/news/articles/2024-03-22/fatca-irs-tax-law-americans-prepare-to-renounce-citizenship-at-lower-fee
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OC bookie at center of gambling scandal thought link to Ohtani would help business
ocregister.com/2024/03/27/bookie-at-center-of-gambling-scandal-thought-link-to-ohtani-would-help-business/
Quick Glance: Shohei Ohtani and the Ippei Mizuhara Gambling Scandal: Live Updates
- Major League Baseball has officially launched an investigation into the gambling allegations surrounding Mizuhara, Ohtani's former interpreter and friend.
- Ohtani is scheduled to address the media on Monday for the first time since the dismissal of his interpreter and friend Ippei Mizuhara, in response to the escalating gambling scandal.
- The role of interpreters in MLB has evolved significantly, with Mizuhara not only being an interpreter but also a close confidant of Ohtani.
- MLB has initiated a formal investigation into the gambling allegations against Ippei Mizuhara, Shohei Ohtani's long-time interpreter.
Arvind Kejriwal's wife and a former IRS officer, Sunita Kejriwal, today read out a message from the Delhi Chief Minister who has been arrested in a corruption ... Show more
US, UK sanction Gaza Now online media site : The U.S. has imposed sanctions on an online media site called Gaza Now and its founder Mustafa Ayash ...
apnews.com/article/gaza-israel-hamas-war-palestine-64507226460e2f5eda0e838332e722c5
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
Biden Targets Private Jets in Hunt for Tax Revenue: The White House’s new focus on corporate aviation is drawing backlash from an industry that says it supports ...
nytimes.com/2024/03/21/business/biden-corporate-jets-taxes.html
24 Tax Scams to Watch Out For in 2024: Here are 24 tax scams to watch out for this year. They can involve criminals impersonating IRS agents, government agencies ...
smallbiztrends.com/2024/03/tax-scams-2.html
Quick Glance: Tax Filing 2023: Key Information
- The IRS hired over 7,000 taxpayer service representatives and plans to hire 6,500 more
- A free IRS filing service for taxpayers is being developed
- Massachusetts and New Hampshire are testing the free filing project 'Direct File'
- Helpful answers to questions about filing taxes for 2023
Graham: Will Direct File hold tax prep firms accountable?: Having Direct File in the marketplace could lead to lower costs and improved service across the ...
bostonherald.com/2024/03/23/graham-will-direct-file-hold-tax-prep-firms-accountable/
US imposes sanctions on Nicaragua's attorney general: The United States on Thursday sanctioned Nicaragua's attorney general for her role in the government's ...
reuters.com/world/americas/us-imposes-sanctions-nicaraguas-attorney-general-2024-03-21/
US levels new sanctions over Russian disinformation campaign: The United States has imposed new sanctions against two individuals and two entities connected to a ...
thehill.com/policy/international/4544581-us-sanctions-russian-disinformation/
FTX Creditor Platform Buys $60 Million in Bankruptcy Claims: When FTX collapsed in Nov. 2022, Louis d’Origny was just one of more than a million customers who ...
bloomberg.com/news/articles/2024-03-21/platform-built-by-former-ftx-exec-snaps-up-60-million-in-claims
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Yellen, Senate GOP spar over Biden tax plan: Treasure Secretary Janet Yellen made the case Thursday for President Biden’s budget proposal ...
thehill.com/business/4547409-yellen-senate-gop-spar-over-biden-tax-plan/
Crypto firm moved $4.2m of assets to digital wallet linked to alleged Russian arms dealer
theguardian.com/technology/2024/mar/11/crypto-firm-assets-alleged-russian-arms-dealer
Quick Glance: Crypto Firm Transferred $4.2m to Wallet of Alleged Russian Arms Dealer
- A UK cryptocurrency firm transferred digital assets worth over $4.2 million to a crypto wallet owned by a member of an alleged Russian arms-dealing network who was later sanctioned by the United States.
- Transactions by Copper Technologies raise questions about UK laws governing the cryptocurrency industry adapting quickly enough to keep up with the evolving sector under scrutiny for providing anonymity.
- An analysis of cryptocurrency transactions highlights a connection between Copper and Jonatan Zimenkov, an Israeli-born Russian national.
- Revelations shed light on the opaque world of cryptocurrency, its anonymity, and the need for regulation of digital assets within the financial system.
Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank
propublica.org/article/lord-of-the-roths-how-tech-mogul-peter-thiel-turned-a-retirement-account-for-the-middle-class-into-a-5-billion-dollar-tax-free-piggy-bank
Yellen Says Moderation in Housing-Cost Gains to Help Lower US Inflation: Treasury Secretary Janet Yellen said she expects a moderation in the rise of housing ...
bloomberg.com/news/articles/2024-03-13/yellen-says-flattening-rents-to-deliver-more-us-inflation-relief
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Hunter Biden tax case: Lawyers to ask L.A. judge to drop charges: The president's son has asked a federal judge to dismiss a nine-count indictment for alleged ...
latimes.com/california/story/2024-03-27/hunter-bidens-lawyers-ask-judge-to-dismiss-tax-charges-citing-vindictive-prosecution
Quick Glance: Hunter Biden to Challenge Tax Charges as Politically Motivated
- Hunter Biden, son of U.S. President Joe Biden, unexpectedly appears at a House Oversight Committee meeting to vote on contempt of Congress charges.
- A U.S. judge expresses skepticism towards Hunter Biden's attempt to dismiss his tax evasion case on the grounds of political targeting.
- The judge questions the evidence of political pressure and doubts the influence of two IRS agents on the prosecution's decision.
- Hunter Biden pleads not guilty to tax evasion charges and faces two separate criminal cases, one involving alleged illegal gun purchase while using drugs.
Big Brother, Big Banks censorship collusion should concern every American: We cannot continue to let law enforcement, regulators and banks that are too big to ...
thehill.com/opinion/4538614-big-brother-big-banks-censorship-collusion-should-concern-every-american/
Betting on March Madness? Don't forget to report your winnings to the IRS: Up to half of your winnings will be owed as taxes when you file your 2024 tax return.
cnbc.com/2024/03/28/betting-on-march-madness-report-winnings-to-the-irs.html
What to Know Filing 2023 Taxes: Interest Income, Roth IRA Limits, Direct File: Taxpayers may encounter a host of surprises when they file income taxes this year ...
bloomberg.com/news/articles/2024-03-16/what-to-know-filing-2023-taxes-interest-income-roth-ira-limits-direct-file
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JPMorgan fined almost $350M over trade surveillance program: JPMorgan is facing nearly $350 million in fines from bank regulators due to issues with its trade ...
apnews.com/article/jpmorgan-occ-fine-federal-reserve-522fb36dfda056b7f930746350fff146
Quick Glance: JPMorgan fined nearly $350 million for inadequate trade monitoring
- The Federal Reserve imposed a fine of $348.2 million on JPMorgan Chase & Co. for its deficient monitoring program of trading activities.
- In conjunction with the Office of the Comptroller of the Currency (OCC), the bank received a penalty for insufficient oversight of billions of trades across a minimum of 30 global trading venues between 2014 and 2023.
- The bank independently identified the issue and is actively addressing it to avoid disruptions in client services. No indications of misconduct by employees or harm to customers or the broader market were detected.
- The settlement announced on Thursday represents the second substantial fine in recent years for the bank related to challenges in data management and monitoring.
US IRS chief sees workforce topping 100,000 within three years: Internal Revenue Service Commissioner Danny Werfel said on Monday that the tax agency will need ...
reuters.com/world/us/us-irs-chief-sees-workforce-topping-100000-within-three-years-2024-03-19/
Stock Markets Today: Yellen speaks, Britain housing, Yen gains, TikTok fate: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-03-14/stock-markets-today-yellen-speaks-britain-housing-yen-gains-tiktok-fate
How freelancers can prepare for changing tax requirements: If you’re a freelancer or gig worker who receives payments via apps like Venmo, Zelle ...
apnews.com/article/freelancers-taxes-gig-workers-fe631c2df95a997a74d2879180460819
Conservative nonprofit didn’t disclose some political spending, filings show: The American Accountability Foundation, which has promoted its research against ...
politico.com/news/2024/03/22/american-accountability-foundation-lobbying-political-spending-00148510
Yellen says US moving to ensure domestic EV maker success despite China's exports
reuters.com/business/autos-transportation/yellen-says-us-moving-ensure-domestic-ev-maker-success-despite-chinas-exports-2024-03-13/
Quick Glance: Efforts to Promote Success of Domestic EV Manufacturers Despite Chinese Exports
- U.S. Treasury Secretary Janet Yellen highlights the actions taken by the Biden administration to ensure the success of the domestic electric vehicle industry.
- Yellen did not discuss implementing new tariffs on Chinese EVs but reiterated Biden's dedication to supporting the domestic industry.
- Current 25% tariffs on Chinese vehicles are currently preventing Chinese EVs from entering the U.S. market.
- Nevertheless, China's largest producer, BYD, is already shipping EVs to Mexico and considering establishing a factory there.
Can AI Help You Do Your Taxes?: Current AI tax tools are prone to costly mistakes. But experts argue AI could reshape the tax industry in the coming years.
time.com/6960420/ai-tools-tax-help/
Yellen says Biden tax credits boost clean energy investment in coal country: Treasury Secretary Janet Yellen said on Wednesday clean energy investments in parts ...
reuters.com/sustainability/sustainable-finance-reporting/yellen-says-biden-tax-credits-boost-clean-energy-investment-coal-country-2024-03-13/
The No. 1 mistake cryptocurrency traders make when filing their taxes, according to a CPA
cnbc.com/2024/03/22/cpa-no-1-mistake-cryptocurrency-traders-make-when-filing-taxes.html
The Whistleblower Who Leaked Trump’s Taxes Is About to Go to Prison. Biden Should Pardon Him Now.
slate.com/news-and-politics/2024/03/trump-taxes-irs-whistleblower-littlejohn-billionaires-musk-bezos-biden.html
Quick Glance: Tax Deadlines 2024: Federal and State Filing Dates
- The tax season officially began on Jan. 29, with the federal tax deadline set for April 15. Individual income tax returns are due by April 15, 2024 at the IRS.
- For the federal tax return, residents of Maine and Massachusetts have until April 17 to file, due to Patriots' Day and Emancipation Day. Filing taxes early can lead to faster refunds and prevent fraud.
- Taxpayers can file their taxes once they have all necessary information. Early filing ensures quicker refunds and lower fees. State tax deadlines vary, with some states offering automatic six-month extensions.
- The federal tax deadline for 2024 is April 15. Most states align their deadlines with the federal due date, while some offer different filing dates. Quarterly estimated tax payments are due on specific dates throughout the year for self-employed individuals.
US Treasury's No. 2 urges South Africa to boost fight against corruption: U.S. Deputy Treasury Secretary Wally Adeyemo on Wednesday urged South Africa to step up ...
reuters.com/world/us-treasurys-no-2-urges-south-africa-boost-fight-against-corruption-2024-03-13/
US Budget Deficit Widens to $828 Billion in Five Months on Interest Costs: Interest costs continued to drive the US budget deficit wider in February ...
bloomberg.com/news/articles/2024-03-12/us-budget-gap-hits-828-billion-in-five-months-on-interest-costs
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IRS encounters Form 1065 processing glitches: The Internal Revenue Service has posted new information about how to handle possible processing errors when ...
accountingtoday.com/news/irs-encounters-form-1065-processing-glitches
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The child tax credit debate is a preview of next year’s big tax fights: President Biden wants to tax the wealthy to pay for expanded social safety net benefits ...
washingtonpost.com/business/2024/03/10/chld-tax-credit-congress/
Quick Glance: Biden's Billionaire Tax Proposal: Expert Insights
- President Joe Biden praised U.S. economic performance in his State of the Union Address and emphasized the importance of raising taxes for the wealthy and corporations.
- Economists applaud proposals to increase corporate and billionaire taxes as potential revenue sources to tackle the U.S. debt crisis.
- The proposed tax credit for first-time homebuyers received approval, but doubts linger about its significant impact.
- Experts express concerns about the potential impact of corporations relocating due to the proposed tax hikes.
IRS stops billions in dubious ERC claims: The Internal Revenue Service's efforts to halt fraudulent claims for the Employee Retention Credit have protected more ...
accountingtoday.com/news/irs-erc-compliance-effort-stops-billions-in-dubious-claims
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The IRS launched a free online tax filing system. Find out here if it’s available in your state
apnews.com/article/irs-direct-file-taxes-98dbc44cc764972991072efbf40f2291
$CAT | Donald Trump's Justice Department Once Stymied A Major Investigation Into Caterpillar, Says Report
Justice Department under Trump cancels crucial ... Show more
Not Much Is Scarier Than Getting a Letter from the IRS. Here's Why You Might: If you try Direct File, you may receive an unexpected thank you letter from the IRS ...
cnet.com/personal-finance/taxes/nothings-scarier-than-getting-a-letter-from-the-irs-heres-why-you-might/
The IRS Finally Has an Answer to TurboTax: Against all odds, the government has created an actually good piece of technology.
theatlantic.com/technology/archive/2024/03/irs-direct-file/677818/
IRS Update on Tax Filing Extension: Extensions to the April tax filing deadline are available, but all taxes must be paid by April 15, says the IRS.
newsweek.com/irs-update-tax-filing-extension-1882212
Herzlich willkommen! Sie sind zu einem Webinar eingeladen: Keep More of What You Earn: Savvy Tax Tips To Maximize Your Investment Income ...
forbes.zoom.us/webinar/register/9017111226731/WN_X-UOGz4QTnWCNJksS4H6Bg
IRS Direct File Free Online Tax Tool Goes Live in 12 States: If you're eligible, Direct File will let you skip the expense of traditional tax-prep software.
uk.pcmag.com/tax-software/151404/irs-direct-file-free-online-tax-tool-goes-live-in-12-states
US Indicts 7 Alleged Members of Infamous Chinese Hacking Group: The US says the group, dubbed APT 31, has spent 14 years hacking a large range of victims for the ...
pcmag.com/news/us-indicts-7-alleged-members-of-infamous-chinese-hacking-group
Henck: Misconduct in full swing at the IRS: The IRS routinely handles routine matters and then congratulates itself on its ethics. However ...
bostonherald.com/2024/03/12/henck-misconduct-in-full-swing-at-the-irs/
What investors need to know about crypto taxes amid the latest bitcoin rally : The price of bitcoin hit records this week. Here are key things to know about ...
cnbc.com/2024/03/16/heres-how-to-calculate-crypto-taxes-amid-the-latest-bitcoin-rally.html
A major investment in hydrogen energy — and the Midwest — is met with hope and concern
chicagotribune.com/2024/03/08/midwest-hydrogen-hub/
The Even Better Guide to Tax Season: From doing your taxes for free to filing your first return, we've got you covered.
vox.com/even-better-guide-to-tax-season
IRS officially launches Direct File free tax-filing program: The pilot program is expanding in the 12 states where it's available.
accountingtoday.com/news/irs-officially-launches-direct-file-free-tax-filing-program
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How the enhanced CTC could impact tax season: The fate of the Child Tax Credit is in the hands of the Senate, but the IRS is ready to implement changes rapidly ...
accountingtoday.com/list/how-the-enhanced-child-tax-credit-could-impact-tax-filing-season
Yellen says China's rapid buildout of its green energy industry 'distorts global prices'
apnews.com/article/china-yellen-manufacturing-treasury-economics-69fa4b2bf1dca8ca408381189383717a
AI is making things easier for financial fraudsters, Treasury Department says: A gap in fraud prevention exists between large and small financial firms because ...
qz.com/ai-making-financial-fraud-easier-treasury-department-1851371263
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10 states where residents write off the most in taxes: SmartAsset analyzed the latest IRS data to find which U.S. residents wrote off the most in taxes.
sacbee.com/news/business/article287144425.html
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Deadline nears for Californians to claim $94 million in 2020 tax refunds. Here’s what to do
sacbee.com/news/california/article287104890.html
Too many electric cars and solar panels produced: China could depress prices globally
t3n.de/news/e-autos-solarpanels-china-preise-dumping-1616279/
Anambra drivers protest alleged multiple taxations, officials harassment: Some members of the Drivers Association of Anambra have protested what they termed ...
punchng.com/anambra-drivers-protest-alleged-multiple-taxations-officials-harassment/
When is the last day to file taxes? The important dates Iowans should known for 2024
desmoinesregister.com/story/money/2024/03/27/when-are-taxes-due-2024-find-out-when-to-file-federal-state-taxes-in-iowa-irs-tax-return/73116150007/
Tax season so far: Looking for answers: Taxpayers are accessing the IRS website much more this year than last to find the answers they need ...
accountingtoday.com/list/tax-filing-season-statistics-through-march-15-2024
Reviews of IRS Direct File for free tax prep are in. Here’s what taxpayers say.: ‘It was the fastest I’ve ever done my taxes,’ says one user. An estimated 19 ...
marketwatch.com/story/early-reviews-of-the-irs-direct-file-free-tax-prep-tool-are-in-heres-what-taxpayers-say-so-far-3a2c4a3a
8 of the biggest issues facing the banking industry today: A major shake-up in the payments world, a data breach that's opened up a debate on who is ultimately ...
americanbanker.com/list/8-of-the-biggest-issues-facing-the-banking-industry-today
Hospitality worker caught with $2.5B Bitcoin found guilty of money laundering: The Southwark Crown Court in the United Kingdom has reportedly found Jian Wen ...
cointelegraph.com/news/hospitality-worker-bitcoin-seizure-southwark-crown-court
US sanctions supporters of Syria’s al-Assad over drug trafficking: The US Treasury Department sanctioned 11 people and companies on Tuesday it said were involved ...
english.alarabiya.net/News/middle-east/2024/03/26/US-sanctions-supporters-of-Syria-s-al-Assad-over-drug-trafficking
IRS investigating Dodgers star's former interpreter: Ippei Mizuhara and an alleged bookmaker are under criminal investigation by the Internal Revenue Service ...
accountingtoday.com/articles/irs-investigating-ohtanis-former-interpreter
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What's Happening With the Employee Retention Tax Credit?
: The pandemic-era employee retention tax credit has received much attention lately from the IRS and ...
kiplinger.com/taxes/what-is-happening-with-the-employee-retention-tax-credit
Intel Gets $20 Billion in US Grants, Loans for Chip Plants: The US will award Intel Corp. $8.5 billion in grants and as much as $11 billion in loans to help fund ...
dailymaverick.co.za/article/2024-03-20-intel-gets-20-billion-in-us-grants-loans-for-chip-plants/
Keeping Up with Federal Employment Law Regulations: Here are some recent federal employment law regulations you should be aware of to ensure you are always ...
smallbiztrends.com/2024/03/federal-employment-law-regulations.html
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