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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
El Niño to Trigger Drought Insurance Payouts in Four Southern African Countries: A drought driven by the El Nino weather pattern is likely to trigger insurance ...
bloomberg.com/news/articles/2024-04-18/el-nino-to-trigger-drought-insurance-payouts-in-four-southern-african-countries
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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
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
New bill would force IRS to explain tax return errors: A newly proposed change to the tax code would require greater specificity from the IRS when it comes to ...
thehill.com/business/4602429-new-bill-would-force-irs-to-explain-tax-return-errors/
It’s Tax Day. Your Refund May Be Big This Year: According to the latest IRS statistics, the average income tax refund so far this season is $3,011 ...
time.com/6966981/tax-day-refund-irs/
IRS targets 'ghost employers': The Internal Revenue Service's criminal investigators have been on the lookout for tax evasion by businesses that don't pay ...
accountingtoday.com/news/irs-targets-ghost-employers
Golden retriever nicknamed 'The Dogfather' retires after fathering more than 300 guide dogs
usatoday.com/story/life/animalkind/2024/04/12/dogfather-sired-300-guide-dog-pups/73302426007/
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
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
Senator Warren slams Intuit's 'junk fees' as America's Tax Day rolls around again
theregister.com/2024/04/15/warren_intuit_tax/
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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Move Over, TurboTax? IRS Considers Expanding Free Tax-Filing Program: The Direct File website processed more than 140,000 returns, exceeding a goal announced in ...
wsj.com/personal-finance/taxes/irs-considers-expanding-free-tax-filing-program-8f68cc9a
Thousands Are Eligible for Tax Refunds From 2020: The I.R.S. estimates that 940,000 people who didn’t file their returns for that year are due back money ...
nytimes.com/2024/04/19/your-money/tax-filing-refunds-2020.html
IRS Warns Small Businesses of COVID Tax Credit Scam: The IRS is warning small businesses about scams to apply for COVID-19 tax credits for which they are not ...
smallbiztrends.com/irs-warns-small-businesses-of-covid-tax-credit-scam/
IRS Phone Number: Get All Your Tax Questions Answered: If you filed an extension and you're just getting started on your taxes, the IRS can help but you might ...
cnet.com/personal-finance/taxes/irs-phone-number-get-all-your-tax-questions-answered/
Reselling Tickets for Taylor Swift's Tour and Other Popular Events Can Mean Big Money. The IRS Is Aware
cnet.com/personal-finance/taxes/reselling-tickets-for-taylor-swifts-tour-and-other-popular-events-can-mean-big-money-the-irs-is-aware/
When to Worry if Your Tax Refund Is Delayed: Here are some reasons your tax refund may be delayed this year – and tips for what you can do if yours is late.
money.usnews.com/money/personal-finance/taxes/articles/when-to-worry-if-your-tax-refund-is-delayed
Five things to know as the tax deadline looms: April 15th, the deadline to file your income taxes, is just around the corner. Filings so far this year are on ...
npr.org/2024/04/11/1242535266/taxes-irs-filing-money
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
Massachusetts IRS agent charged with filing false tax returns for 3 years: Ndeye Amy Thioub, 67, was charged with filing false tax returns and filing false tax ...
usatoday.com/story/news/nation/2024/04/17/massachusetts-irs-agent-charged-tax-fraud/73363438007/
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
More than half a billion dollars of taxpayer money has paid for other people’s EVs
charlotteobserver.com/news/business/article287702470.html
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
IRS Updates Help for Low Income Taxpayers: The IRS has started accepting applications from Low Income Taxpayer Clinics for the year 2025.
newsweek.com/irs-updates-help-low-income-taxpayers-1893578
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
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/
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/
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
How likely are you to get audited by the IRS? : The chance of getting audited by the IRS is small for most people, but the risk is still higher for some ...
theweek.com/personal-finance/irs-audit-risk
Lee Anderson mocked for mistake in bizarre St George’s Day post: Lee Anderson reminded of St George’s links to Middle East after MP issues ‘trigger warning’ to ...
independent.co.uk/news/uk/politics/lee-anderson-st-george-advocados-avocados-b2533567.html
Tax Day 2024: The deadline to file taxes is April 15. Here’s how to get an extension
pennlive.com/news/2024/04/tax-day-2024-the-deadline-to-file-taxes-is-april-15-heres-how-to-get-an-extension.html
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
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
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/
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
IRS Warns Taxpayers Who May Have to Pay 'Surprise' Fees: Americans often are forced to pay "surprise fees" when their tax refund from the year before was too ...
newsweek.com/irs-warns-taxpayers-who-may-have-pay-surprise-fees-1891492
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.
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/
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
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
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
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
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
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/
CITN, Anambra revenue service deepen tax awareness: In a bid to deepen the conversation on tax awareness and enlightenment in Anambra State ...
punchng.com/citn-anambra-revenue-service-deepen-tax-awareness/
Michael Mosley's diet change to combat bloating and stomach troubles: Nutrition expert said irritable bowel syndrome (IBS) could be tackled by taking certain ...
gloucestershirelive.co.uk/news/health/dr-michael-mosley-explains-diet-9248895
After 'scary' revelation, Paula Badosa reveals what would make her retire instantly
tennisworldusa.org/tennis/news/Tennis_Stories/144170/after-scary-revelation-paula-badosa-reveals-what-would-make-her-retire-instantly/
Tesla (TSLA) Price Cuts Trigger New Round in China EV War With Li Auto Slashing: Tesla Inc.’s weekend move to slash prices across its range in China risks ...
bloomberg.com/news/articles/2024-04-22/tesla-s-price-cuts-trigger-new-round-in-china-ev-price-war
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The Savings Game: Holding alternative assets in IRAs invites trouble: The potential problems of holding alternative assets in IRA accounts.
rss.tribunecontentagency.com/websvc-bin/rss_story_read.cgi
IRS Extends Waiver of Excise Tax for Inherited IRAs, but Not RMDs: The waiver for certain beneficiaries subject to the 10-year rule has been extended to 2024 ...
morningstar.com/personal-finance/irs-extends-waiver-excise-tax-inherited-iras-not-rmds
7 Fatal SQL Errors: SQL is a convenient solution for managing and querying data. But only if you avoid these mistakes.
computerwoche.de/a/7-fatale-sql-fehler,3698113
“Trigger warnings in the theater are grotesque”: Why Lukas Holzhausen misses malice on Swiss stages - Zofinger Tagblatt
zofingertagblatt.ch/interview-mit-schauspieler-lukas-holzhausen/
Trigger-Happy Oyo Policeman Kills 2 Brothers Celebrating LAUTECH Graduation: Sources told FIJ they believed he had fled the neighbourhood and was enjoying some ...
fij.ng/article/trigger-happy-oyo-policeman-kills-2-brothers-celebrating-lautech-graduation/
Trigger-happy policeman kills corps member, injures LAUTECH graduate in Oyo: A trigger-happy policeman popularly known as Saheed SARS allegedly shot a corps ...
punchng.com/trigger-happy-policeman-kills-corps-member-injures-lautech-graduate-in-oyo/
My daughter has special needs. Can the IRS take money from a trust in her name?: ‘I am not in any trouble and nor do I currently owe any money to the IRS ...
marketwatch.com/story/my-daughter-has-special-needs-does-the-irs-have-the-authority-to-take-money-from-a-trust-that-i-set-up-in-her-name-440ccd13
IRS Issues Proposed Regulations On The New Company Stock Buyback Tax: The IRS has issued proposed regulations related to a new one percent excise tax on stock ...
forbes.com/sites/kellyphillipserb/2024/04/10/irs-issues-proposed-regulations-on-the-new-company-stock-buyback-tax/
Children of Todd, Julie Chrisley hope court hearing is step toward bringing convicted TV reality stars home
nypost.com/2024/04/19/entertainment/children-of-todd-julie-chrisley-hope-court-hearing-is-step-toward-bringing-convicted-tv-reality-stars-home/
IRA beneficiaries don’t have to take an RMD this year. They may want to anyway. : The IRS has issued new guidance for beneficiaries who don’t take an RMD this ...
marketwatch.com/story/ira-beneficiaries-dont-have-to-take-an-rmd-this-year-but-heres-why-maybe-they-should-d5049f57
How mounting US debt could trigger the next financial crisis: The US debt is skyrocketing to levels not seen since World War II. Here's how this looming ...
businessinsider.com/debt-crisis-us-economy-federal-reserve-mortgages-credit-bubble-2024-4
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What is a Business Audit?: What is a business audit, and do you need one? Here is everything you need to know to keep your business in compliance and running ...
smallbiztrends.com/business-audit-2/
Here’s What You Need To Know Before Filing Your Taxes This Year: The IRS has implemented new policies this year that could affect your filing ...
essence.com/news/filing-taxes-2024/
IRS Cautions Tax Professionals About Increased Spearphishing Scams: As the IRS warns of increased spearphishing attacks targeting tax professionals ...
smallbiztrends.com/irs-cautions-tax-professionals-about-increased-spearphishing-scams/
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