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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
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
$10 Billion Productivity Startup Notion Wants To Build Your AI Everything App: Notion cofounder Ivan Zhao captivated Silicon Valley investors and everyday ...
forbes.com/sites/kenrickcai/2024/04/11/10-billion-productivity-startup-notion-wants-to-build-your-ai-everything-app/
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/
The Best Google Docs Keyboard Shortcuts for Boosting Your Productivity: Learn how to use keyboard shortcuts instead of mouse clicks for common tasks in Google ...
wired.com/story/best-google-docs-keyboard-shortcuts-productivity/
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
Gmail at 20: Ubiquitous, But Bad for Productivity: The reason behind Gmail's success has nothing to do with productivity or innovation.
pcmag.com/opinions/gmail-at-20-right-place-right-time
Quick Glance: Google Celebrates 20 Years with Gmail
- Google co-founders Larry Page and Sergey Brin loved playing pranks and unveiled Gmail on April Fool’s Day in 2004.
- Gmail offered a groundbreaking 1 gigabyte of storage per account, revolutionizing email capacity at the time.
- In addition to storage, Gmail featured Google's search technology and threaded conversations together.
- Gmail quickly became popular, shifting the storage paradigm and leading to a digital storage revolution.
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
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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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
Google Workspace with 5 new features: Google is giving Worlspace five new features that were introduced at the Google Cloud Next '24 event. Most interesting...
stadt-bremerhaven.de/google-workspace-mit-5-neuen-funktionen/
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.
Home Office: I quit because I felt lonely: Our author worked via Slack, Microsoft Teams, Google Docs. Anything but at a physical table. She felt lonely.
businessinsider.de/karriere/international-career/home-office-ich-habe-gekuendigt-weil-ich-mich-einsam-fuehlte/
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/
Google adds new AI-powered 'Vids' app to Docs, Sheets, and Slides: Use Gemini to make presentations for work.
mashable.com/article/google-vids-workspace-gemini-ai-videos
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
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
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/
Google Considers Charging for AI-Powered Search Results, New Report Says: Google is considering charging for new premium artificial intelligence-powered search ...
time.com/6963316/google-charges-users-ai-powered-search-results-report/
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
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/
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
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
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/
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
Open AI and Google trained AI models on YouTube videos: The two tech giants transcribed YouTube videos, which may violate creator copyrights.
mashable.com/article/open-ai-google-youtube-videos
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/
Google used “publicly accessible” Google Docs for AI training - but what does that mean?
t3n.de/news/google-docs-oeffentlich-zugaengliche-ki-training-genutzt-aber-was-bedeutet-das-1618298/
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
GPT-4, Gemini and co: AI models use YouTube videos as training - Golem.de: Companies like OpenAI and Google need all kinds of data from the internet for AI ...
golem.de/news/gpt-4-gemini-und-co-ki-modelle-nutzen-youtube-videos-als-training-2404-183928.html
Big Tech usually dismisses fears that AI kills jobs. Now it’s studying them.: Microsoft, Google, IBM, Cisco and others will produce a report on how AI might ...
washingtonpost.com/technology/2024/04/04/jobs-ai-replace-study-microsoft-google-cisco/
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
Meta, Google, and OpenAI Flouted Ethics to Harvest Data for AI Models: An impending data shortage and intense competition has led three top AI contenders to mine ...
thedailybeast.com/meta-google-and-openai-flouted-ethics-to-harvest-data-for-ai-models
Google plans: AI search could soon cost money - and subscribers should still see advertising
t3n.de/news/google-ki-suche-sge-abo-werbung-1617049/
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
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
OpenAI transcribed over a million hours of YouTube videos to train GPT-4: A new report details how OpenAI, Google, and Meta have tried to get over the limits of ...
theverge.com/2024/4/6/24122915/openai-youtube-transcripts-gpt-4-training-data-google
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
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
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
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
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