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New data shows IRS’s 10-year struggle to investigate tax crimes - ICIJ: The number of cases the wider U.S. tax agency refers to its criminal unit has plummeted.
icij.org/inside-icij/2024/03/new-data-shows-irss-10-year-struggle-to-investigate-tax-crimes/
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.
Last week:
- New data shows IRS’s 10-year struggle to investigate tax crimes
- ‘Anonymous’ company secretly linked to Indonesian billionaire destroys Borneo’s ... Show more
Charitable Donations for Tax Deductions: How to Offset: We’re approaching the end of tax season in the US and those with a large bill might be thinking of ways ...
bloomberg.com/news/newsletters/2024-03-28/charitable-donations-for-tax-deductions-how-to-offset
Reddit (RDDT) IPO : Should You Invest in the Stock After Trading Debut Surge: Shares of the social-media company surged in their first day of trading ...
bloomberg.com/news/articles/2024-03-21/reddit-rddt-ipo-should-you-invest-in-the-stock-after-trading-debut-surge
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The IRS has 940,000 unclaimed tax refunds from 2020 that are about to expire. Is one of them yours?
apnews.com/article/tax-season-irs-refund-april-15-7d448039c59df67f054806d00110ff18
Are You One of the 940,000 Taxpayers Owed $1B in IRS Refunds from 2021? Here's What to Know
cnet.com/personal-finance/are-you-one-of-the-940000-taxpayers-owed-1b-in-irs-refunds-from-2021-heres-what-to-know/
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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Nick Saban's daughter met LSU legend Joe Burrow, and it's clear she's a fan: Former Alabama Crimson Tide coach Nick Saban's daughter, Kristen Saban ...
theadvocate.com/baton_rouge/sports/lsu/nick-sabans-daughter-kristen-is-a-fan-of-lsus-joe-burrow/article_80f6c290-43d3-54a4-9c24-5cdd18c4cf92.html
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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Doing Your Taxes? Steer Clear of These AI Scams: Tax season is stressful—and now you have to worry about cybercriminals using AI deepfakes ...
pcmag.com/articles/doing-your-taxes-steer-clear-of-these-ai-scams
Miss Terry reveals few of Nick Saban’s Ten Commandments of Retirement: Former Alabama coach got a list from his wife the day after he retired.
al.com/alabamafootball/2024/03/miss-terry-reveals-few-of-nick-sabans-ten-commandments-of-retirement.html
Ex-Credit Suisse, UBS US Client Indicted for Hiding $20 Million From IRS: A Brazilian-American businessman was indicted in Florida for allegedly using Credit ...
bloomberg.com/news/articles/2024-03-21/ex-credit-suisse-client-indicted-over-hiding-money-from-irs
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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/
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
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
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/
Law firm Baker McKenzie sues IRS for details on partnership tax crackdown: International law firm Baker McKenzie has sued the IRS in Washington, D.C ...
reuters.com/legal/litigation/law-firm-baker-mckenzie-sues-irs-details-partnership-tax-crackdown-2024-03-19/
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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IRS has launched its free tax filing service, Direct File, in 12 states: Direct File has many limits, but nearly 19M people in 12 states may be eligible.
arstechnica.com/tech-policy/2024/03/irs-free-tax-filing-service-now-available-but-most-people-dont-qualify/
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
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
Sila's two lives: In the red in US, but a 'thriving' investor here
standardmedia.co.ke/national/article/2001492178/silas-two-lives-in-the-red-in-us-but-a-thriving-investor-here
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.
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.
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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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/
After a county restricted trans women in sports, a roller derby league said, 'No way'
apnews.com/article/transgender-roller-derby-nassau-new-york-a918953e0063760c9d00372f322b7765
Former football coach Nick Saban laments the current landscape of college sports: Former football coach Nick Saban said the current landscape of college sports ...
cnn.com/2024/03/13/sport/nick-saban-college-sports-landscape-alabama-spt-intl/
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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
College swimmers and volleyball players sue NCAA over transgender policies: Riley Gaines was among the college athletes who filed a lawsuit against the NCAA ...
apnews.com/article/transgender-lia-thomas-swimming-lawsuit-b7df63108a03100f36b2e4364d585cdc
Quick Glance: College Athletes Sue NCAA Over Transgender Policies
- Former swimmer Riley Gaines and other athletes file lawsuit against the NCAA.
- The lawsuit addresses transgender woman Lia Thomas' participation in the 2022 national championships.
- The NCAA revised its policies on transgender athlete participation to align with national standards.
- The lawsuit aims to halt the implementation of NCAA's transgender eligibility policies.
Nick Saban Says Wife Told Him Modern Players Only Care About Money: The legendary former Alabama coach made around $11 million in his final season.
trib.al/5BKcc5X
Alabama to pay new football coach Kalen DeBoer $10 million in year 1: Alabama dipped into its pockets to find a successor to the greatest coach of all time ...
al.com/alabamafootball/2024/03/alabama-to-pay-kalen-deboer-10-million-in-year-1-as-he-replaces-saban.html
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
Under the radar no more: IRS increases scrutiny on corporate jets: The campaign is part of a larger effort by the IRS to increase its scrutiny of high-income ...
accountingtoday.com/news/under-the-radar-no-more-irs-increases-scrutiny-on-corporate-jets
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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
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/
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.
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
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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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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IRS forms, Spring Training and Breakdancers: Picturing This Week in History March 18 – 22
usnews.com/photos/2024/03/18/irs-forms-spring-training-and-breakdancers-picturing-this-week-in-history-march-18-22
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/
IRS Issues Tips for Speeding Up Tax Refunds: Tax filing season is well underway, with the April 15 deadline fast approaching.
newsweek.com/tax-refund-april-irs-tips-speed-1880660
How to Spend Your Tax Refund: Pay Debts, Save and Invest, Advisers Say: It’s everyone’s favorite time of the year – tax season.
bloomberg.com/news/newsletters/2024-03-07/how-to-spend-your-tax-refund-pay-debts-save-and-invest-advisers-say
Kalen DeBoer contract details: Buyout, bonuses and perks for new Alabama coach: Kalen DeBoer's contract details were made public on Monday.
al.com/alabamafootball/2024/03/kalen-deboer-contract-details-buyout-bonuses-and-perks-for-new-alabama-coach.html
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/
Largest U.S. sportsbooks join forces to tackle problem gambling : Seven of the nation’s largest gaming companies are joining forces to create a trade group to ...
cnbc.com/2024/03/27/largest-us-sportsbooks-join-forces-to-tackle-problem-gambling.html
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
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
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/
The IRS has come calling. Here's what you should do next.: If you have recently received an IRS notice telling you payment is due on a return you filed up to six ...
theadvocate.com/baton_rouge/news/business/irs-notices-hit-nwla-mailboxes/article_81b0eb10-ec59-11ee-a31d-07ee23df3be8.html
The Tuscaloosa restaurant Nick Saban might finally try in retirement: Now that the former Alabama coach is retired, he has some free time.
al.com/alabamafootball/2024/03/the-tuscaloosa-restaurant-nick-saban-might-finally-try-in-retirement.html
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
Girls are falling in love with wrestling, the nation's fastest-growing high school sport
apnews.com/article/wrestling-girls-high-school-c1e18531cf36831e158282ea08ca9775
March Madness: South Dakota State vs. Iowa State odds, picks and predictions: The Iowa State Cyclones (27-7) battle the South Dakota State Jackrabbits (22-12) in ...
usatoday.com/story/sports/sports-betting/2024/03/20/march-madness-south-dakota-state-vs-iowa-state-odds-picks-and-predictions/73047052007/
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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March Madness: Grand Canyon vs. Saint Mary's odds, picks and predictions: The Grand Canyon Antelopes (29-4) and Saint Mary's Gaels (26-7) meet Friday for an NCAA ...
usatoday.com/story/sports/sports-betting/2024/03/22/march-madness-grand-canyon-vs-saint-marys-odds-picks-and-predictions/73064432007/
Black college athletes can send a message to Ron DeSantis by staying away: If Florida schools and universities don’t value inclusion, Black athletes should take ...
washingtonpost.com/sports/2024/03/11/florida-gators-dei-ron-desantis/
Quick Glance: NAACP Urges Black Student-Athletes to Boycott Florida Universities Over DEI Policy
- The NAACP is calling on Black student-athletes to boycott Florida universities after the University of Florida terminated all diversity, equity, and inclusion positions on campus.
- Florida is not the only Republican-led state pushing back on 'woke' programs like DEI initiatives.
- Criticism of the University of Florida's decision has come from various quarters, including alumni like NFL Hall of Famer Emmitt Smith.
- The NAACP emphasizes that the responsibility is not solely on Black students, but also on public institutions to foster a supportive educational environment for all students.
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
March Madness: Clemson vs. Baylor odds, picks and predictions: The 6th-seeded Clemson Tigers (22-11) face the 3rd-seeded Baylor Bears (24-10) Sunday in a ...
usatoday.com/story/sports/sports-betting/2024/03/24/march-madness-clemson-vs-baylor-odds-picks-and-predictions/73083600007/
IRS has launched its free tax filing service, Direct File, in 12 states: Direct File has many limits, but nearly 19M people in 12 states may be eligible.
arstechnica.com/tech-policy/2024/03/irs-free-tax-filing-service-now-available-but-most-people-dont-qualify/
Prosecutors Say Credit Suisse Client Dan Rotta Allegedly Cheated IRS for Decades: US prosecutors used a court hearing Tuesday to describe the measures an ...
bloomberg.com/news/articles/2024-03-12/two-passports-fake-names-irs-says-credit-suisse-client-cheated
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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
What should you do if you really can't find your old tax return?: Believe it or not, if you've lost your tax return for 2022, you're not alone. People move ...
freep.com/story/money/personal-finance/susan-tompor/2024/03/12/find-lost-income-tax-returns-needed-to-file-irs-2023-taxes/72792210007/
What Nick Saban believed in for 50 years 'no longer exist in college athletics': Retired Alabama football coach Nick Saban lamented the state of college ...
usatoday.com/story/sports/ncaaf/2024/03/12/nick-saban-former-alabama-football-coach-laments-college-athletics/72944180007/
Bo Scarbrough cites a Nick Saban saying in retirement speech: The running back announced his retirement to his Birmingham Stallions teammates with gratitude and ...
al.com/sports/2024/03/bo-scarbrough-cites-nick-saban-saying-in-retirement-announcement.html
March Madness: Longwood vs. Houston odds, picks and predictions: The No. 16 seed Longwood Lancers (21-13) face the top-seeded Houston Cougars (30-4) Friday in a ...
usatoday.com/story/sports/sports-betting/2024/03/21/march-madness-longwood-vs-houston-odds-picks-and-predictions/73062229007/
Tale of two women: AAP's public messaging after Kejriwal’s arrest
deccanherald.com/india/delhi/tale-of-two-women-aaps-public-messaging-after-kejriwals-arrest-2950777
NCAA set to push states with legalized sports betting to ban prop bets for all college sporting events
sports.yahoo.com/ncaa-set-to-push-states-with-legalized-sports-betting-to-ban-prop-bets-for-all-college-sporting-events-141503923.html
Kirby Smart calls out inaccuracies in reports explaining Nick Saban retirement: The Georgia coach says coaches are not trying to leave the sport due to current ...
247sports.com/Article/medias-reasoning-for-nick-saban-retiring-inaccurate-kirby-smart-says-229305143/
Rowers in England's university Boat Race warned over E.coli levels in the Thames: Jumping into London’s River Thames has been the customary celebration for ...
abcnews.go.com/Health/wireStory/rowers-englands-university-boat-race-health-warning-ecoli-108541078
Where’s My Tax Refund?: The different types of taxes you owe, how much to expect from your tax refund this year, and more.
morningstar.com/personal-finance/when-do-i-get-my-tax-refund
New UW AD Pat Chun: ‘We will not take a back seat to anyone’: Pat Chun praised the people he left behind at WSU, then delivered his vision for Husky athletics ...
seattletimes.com/sports/uw-husky-football/new-uw-ad-pat-chun-we-will-not-take-a-back-seat-to-anyone/
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/
A staple of North Philly’s sneaker scene is facing potential prison time after admitting to $4 million tax evasion scheme
inquirer.com/news/youngs-sneaker-city-philadelphia-yong-lee-tax-evasion-20240328.html
Deadline nears for Californians to claim $94 million in 2020 tax refunds. Here’s what to do
sacbee.com/news/california/article287104890.html
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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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/
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