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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
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
Lucas: Fighting words: Healey’s war on Trump won’t win Bay State any favors: Gov. Maura Healey’s unrelenting criticism of Donald Trump could come back to haunt ...
bostonherald.com/2024/04/15/lucas-fighting-words-healeys-war-on-trump-wont-win-bay-state-any-favors/
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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/
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
Dad runs Boston Marathon in memory of 3 slain children: Patrick Clancy's wife is charged in connection with their children's deaths.
goodmorningamerica.com/family/story/dad-runs-boston-marathon-memory-3-slain-children-109309024
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.
Senator Warren slams Intuit's 'junk fees' as America's Tax Day rolls around again
theregister.com/2024/04/15/warren_intuit_tax/
New IRS Direct File Program Lets You File Taxes for Free: Find Out if You Qualify
cnet.com/personal-finance/taxes/new-irs-direct-file-program-lets-you-file-taxes-for-free-find-out-if-you-qualify/
Howling at the moon on a Monday afternoon. Eclipse brings thousands to Vermont.: In a country seemingly fractured about most things, on Monday ...
csmonitor.com/Science/2024/0408/solar-eclipse-path-of-totality-vermont
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Quick Glance: Airplane Observes Solar Eclipse in Bloomington
- An airplane flies near the total solar eclipse in Bloomington, Indiana.
- People watch the partial solar eclipse on the observation deck of Edge at Hudson Yards in New York City.
- Sophia Moccia, 4, from Queens views the eclipse with a homemade mask in New York City.
- A solar eclipse is visible in Mazatlan, Mexico.
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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2024 Boston Marathon: Vermont mom with terminal brain cancer runs: The mother of three crossed the finish line with her partner by her side in a feat of ...
bostonglobe.com/2024/04/18/sports/2024-boston-marathon-vermont-runner-brain-cancer-dana-farber/
Boston IRS agent charged with tax fraud: Ndeye Amy Thioub, 67, of Swampscott, has served as a Boston-based Internal Revenue Service agent since 2006 and has been ...
bostonherald.com/2024/04/17/boston-irs-agent-charged-with-tax-fraud/
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Blackstone hires Walmart data exec to apply AI at portfolio companies: Blackstone hired Walmart's AI lead to deploy the technology among the private equity ...
businessinsider.com/blackstone-hires-walmart-data-exec-apply-ai-portfolio-companies-2024-4
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.
Global Economy Latest: Trying to Predict Fed Rate-Cut Path: I’m Chris Anstey, a senior editor in Boston, and today we’re looking at a wave of Fed forecast ...
bloomberg.com/news/newsletters/2024-04-11/global-economy-latest-trying-to-predict-fed-rate-cut-path
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
Howie Carr: Big box illegal bandits make off with $238,000 in loot: These four Guatemalans are part of an endless wave of sticky-fingered Third World thieves ...
bostonherald.com/2024/04/17/howie-carr-238000-undocumented-shopping-cleans-out-home-depots/
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
Republican John Deaton loaned himself $1M in campaign to unseat Elizabeth Warren: Republican Senate candidate John Deaton loaned himself $1 million in his ...
bostonherald.com/2024/04/16/republican-john-deaton-loaned-himself-1m-in-campaign-to-unseat-elizabeth-warren/
Non-stop from Portland, Oregon to Boston (& vice versa) for only $237 roundtrip: Non-stop flights from Portland, Oregon to Boston for only $237 roundtrip with ...
secretflying.com/posts/portland-oregon-boston-135-roundtrip/
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
Golden retrievers meet in honor of Boston Marathon beloved dogs : A group of golden retrievers and their owners came together for a meetup honoring the late ...
goodmorningamerica.com/living/story/golden-retrievers-meet-honor-boston-marathon-beloved-dogs-109254424
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/
BMC's Thea James is helping reduce racial health disparities: The BMC doctor has helped shrink gaps in diabetes and postpartum care.
bostonglobe.com/2024/04/12/metro/boston-medical-center-health-equity-thea-james/
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
'I Google': Why phonebooks are becoming obsolete: Phonebooks have been in circulation since the 19th century. These days, in this high-tech digital world ...
ctvnews.ca/canada/i-google-why-phonebooks-are-becoming-obsolete-1.6849912
Buyout: The Bloomberg Close, Asia Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-09/buyout-the-bloomberg-close-asia-edition
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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
What happened to bridge over Mystic River between Somerville and Everett?: The project, which bikers, mayors, and customers say would close a glaring ...
bostonglobe.com/2024/04/14/metro/promised-bridge-over-mystic-river-would-be-missing-link-somerville-everett-so-where-is-it/
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
Potential loss of federal internet program hits Massachusetts: The federal Affordable Connectivity Program is winding down as its funding ends ...
bostonglobe.com/2024/04/14/metro/federal-internet-program-acp-boston/
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
The Man Who Died for the Liberal Arts: In 1942, aboard ship and heading for war, a young sailor—my uncle—wrote a letter home, describing and defining the ...
theatlantic.com/magazine/archive/2024/05/philip-shribman-liberal-arts-wwii/677836/
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/
Emergency shelter funding close to running out as Beacon Hill negotiates future spending
bostonherald.com/2024/04/10/emergency-shelter-funding-close-to-running-out-as-beacon-hill-negotiates-future-spending/
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
World Economic Outlook: Why High US Rates Aren’t Tempering Growth: I’m Chris Anstey, a senior editor in Boston, and today we’re looking at why high rates aren’t ...
bloomberg.com/news/newsletters/2024-04-10/world-economic-outlook-why-high-us-rates-aren-t-tempering-growth
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/
SEPTA cancels $185 million Chinese contract for double-decker Regional Rail cars: SEPTA says the company's rail cars were plagued by problems, and the project ...
inquirer.com/transportation/septa-train-car-contract-canceled-20240412.html
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/
Your road map to Record Store Day: On Saturday, exclusive titles from artists including Noah Kahan, Pixies, Paramore, The Weeknd, Pearl Jam, and many ...
bostonglobe.com/2024/04/17/arts/your-road-map-record-store-day/
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/
Amazon debuts $400 million robotic warehouse in North Andover: The nearly four-million-square-foot fulfillment center on the site of a former telephone company ...
bostonglobe.com/2024/04/08/business/amazon-robotics-warehouse-north-andover/
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.
Allegra Stratton: Water Load of Rubbish: As signs of national decline go, the fact that some of Oxford’s Boat Race crew spent the week before vomiting could be a ...
bloomberg.com/news/newsletters/2024-04-02/allegra-stratton-water-load-of-rubbish
US cities to San Jose, Costa Rica from only $191 roundtrip: Cheap flights from US cities to San Jose, Costa Rica from only $191 roundtrip with Avianca.
secretflying.com/posts/many-us-cities-to-san-jose-costa-rica-from-only-231-roundtrip/
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
Brussels, Belgium to Boston, USA for only €392 roundtrip: Cheap flights from Brussels, Belgium to Boston, USA for only €392 roundtrip with Scandinavian Airlines.
secretflying.com/posts/brussels-belgium-to-boston-usa-for-only-e281-roundtrip/
Ipswich police deliver takeaway after arresting food rider: Officers say they delivered justice and Big Macs.
bbc.com/news/articles/c163dwpele4o
Investing Wisdom And Life Lessons From Blackstone Billionaire Steve Schwarzman: Steve Schwarzman’s guiding philosophy has always been to “go big ...
forbes.com/sites/sergeiklebnikov/2024/04/13/investing-wisdom-and-life-lessons-from-blackstone-billionaire-steve-schwarzman/
Caught in system, Braintree student hasn’t been to school this year: What’s happened to Samantha Frechon represents an acute failure of the state’s public ...
bostonglobe.com/2024/04/16/metro/braintree-special-education-student/
Training for the Boston Marathon during the never-ending Vikings season: Interviews, free-agent signings and NFL injuries have interrupted Vikings reporter Ben ...
startribune.com/vikings-nfl-boston-marathon-training-free-agency-draft-ben-goessling/600358634/
John Calipari announces he’s leaving Kentucky after 15 seasons: John Calipari, who led Kentucky to a national championship in 2012, is expected to be named the ...
washingtonpost.com/sports/2024/04/09/john-calipari-leaves-kentucky/
Quick Glance: Arkansas Saves Kentucky and John Calipari
- John Calipari and Kentucky were on the brink of giving it one more shot. Arkansas saved them from themselves - and that's good for everyone.
- The relationship between the 65-year-old Hall of Fame coach and the elite program was not just dull but also burdensome. When athletic director Mitch Barnhart and Calipari sat for a local television interview last month to assure fans that they were on the same page and committed to getting the Wildcats back on top, it seemed more like a hostage video.
- Arkansas and its billionaire supporters unexpectedly intervened to recruit the coach nobody else pursued and offer him a compensation beyond what others could provide. Everyone benefits. Perhaps not the Razorbacks - time will tell - but certainly Calipari and Kentucky. He was in desperate need of a fresh start, as were the Wildcats. After failing to reach the second weekend of the NCAA Tournament for the fourth consecutive year, the individual who led Kentucky to seven Elite Eights, four Final Fours, and a national title in his initial decade came to a realization.
- This is not intended to diminish Calipari's past achievements at Kentucky. He revitalized the Cats, contributed to their national title, and kept UK in contention for a championship nearly every year during his remarkable first ten years. He served as a positive influence in the state, demonstrating his philanthropy in times of crisis. This is about recognizing that since 2020, Calipari was tarnishing this legacy. It's about acknowledging that both sides knew the journey had come to an end and it was time to step away. Just when it seemed that Calipari and Kentucky were considering another attempt, Arkansas intervened and rescued them from themselves.
Sticker Shock: College will cost up to $95,000 this fall: Some of the other colleges with sticker prices of more than $90,000 this year include the University of ...
bostonherald.com/2024/04/02/college-will-cost-up-to-95000-this-fall-schools-say-its-ok-financial-aid-can-numb-sticker-shock/
'Reverse of Robin Hood' 2.0: Trump Vows to Extend Billionaire Tax Cuts If Reelected
commondreams.org/news/trump-new-tax-cuts
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
Cape Cod man faces charges of making bombs in home where 2 were found dead: Andreas Miller, 43, of Chatham, is charged with possession of an incendiary device ...
bostonherald.com/2024/04/10/cape-cod-man-faces-charges-of-making-bombs-in-home-where-2-were-found-dead/
Judge orders likely sends Braintree special education student back to regular school
bostonglobe.com/2024/04/18/metro/braintree-student-autism-special-education/
Blue Bottle Coffee locations in the Boston area unionize: Employees claim to be the first local baristas to organize independently, rather than joining forces ...
bostonglobe.com/2024/04/03/business/five-blue-bottle-coffee-locations-greater-boston-unionize/
Migrant crisis: Mass. House budget cuts shelter funding in half: House Speaker Ron Mariano told reporters Wednesday that he feels “hopeful that something happens ...
bostonglobe.com/2024/04/10/metro/massachusetts-house-budget-shelter-funding/
Sigma Lithium CEO won't sell the company at current lithium prices: Sigma Lithium's chief executive won't sell the miner at current lithium price levels and is ...
reuters.com/markets/commodities/sigma-lithium-ceo-wont-sell-company-current-lithium-prices-2024-04-04/
I accidentally paid twice for my hotel. Can I get a refund?: Why did Valeska Wehr pay twice for her stay at a Marriott property in Boston? And why won’t Booking ...
bostonglobe.com/2024/04/18/lifestyle/travel-troubleshooter-paid-twice-refund/
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/
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