Yellen tells IRS not to increase middle-class audits if it gets more funding:
reuters.com/business/yellen-irs-no-increase-middle-class-audits-if-irs-gets-more-funding-2022-08-11/
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| Last Updated | Aug 11 22 |
| Total Articles | 6 |
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Yellen tells IRS not to increase number of audits for middle class: Yellen said new personnel or auditors shouldn't be used to increase the number of audits ...
axios.com/2022/08/11/janet-yellen-irs-inflation-reduction-act
Hyperbolic GOP claims about IRS agents and audits : No, the bill boosting funding for the IRS will not mean 87,000 new agents or a surge in audits of ...
washingtonpost.com/politics/2022/08/11/hyperbolic-gop-claims-about-irs-agents-audits/
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Yellen tells IRS not to increase number of audits for middle class: Yellen said new personnel or auditors shouldn't be used to increase the number of audits ...
axios.com/2022/08/11/janet-yellen-irs-inflation-reduction-act
Hyperbolic GOP claims about IRS agents and audits : No, the bill boosting funding for the IRS will not mean 87,000 new agents or a surge in audits of ...
washingtonpost.com/politics/2022/08/11/hyperbolic-gop-claims-about-irs-agents-audits/
'Buy Bitcoin' Sign Shown Behind Janet Yellen Sells for $1 Million at Auction
bloomberg.com/news/articles/2024-04-24/-buy-bitcoin-sign-shown-behind-yellen-sells-for-1-million-at-auction
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Yellen, Asked on Yen, Says Currency Interventions Should Be Rare: US Treasury Secretary Janet Yellen said intervention in foreign-exchange markets should be rare ...
trib.al/j0zWXIr
Yellen Says US Can Bring Inflation Down Without Hurting Jobs: Treasury Secretary Janet Yellen said US inflation can come down without requiring a weakening in ...
bloomberg.com/news/articles/2024-04-25/yellen-says-us-can-bring-inflation-down-without-hurting-jobs
Paid articlePaid ‘Buy Bitcoin’ Sign Flashed Behind Janet Yellen Receives Bid of Almost $140,000: Here’s the latest sign that animal spirits have returned to the cryptocurrency ...
bloomberg.com/news/articles/2024-04-22/-buy-bitcoin-sign-flashed-behind-yellen-receives-high-bid-of-almost-140-000
Paid articlePaid Join us for a Reuters NEXT Newsmaker featuring Janet Yellen, US Secretary of the Treasury, in a conversation with Reuters Editor-in-Chief Alessandra Galloni on ...
reut.rs/44dAf4W
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
Yellen calls Republican delays in approving Ukraine aid inexcusable: U.S. Treasury Secretary Janet Yellen on Wednesday underscored the Biden administration's ...
reut.rs/3xGLYwS
Yellen Says Nothing Off Table in Response to China Overcapacity: Treasury Secretary Janet Yellen said the US wouldn’t take “anything off the table” in response ...
bloomberg.com/news/articles/2024-04-14/yellen-says-nothing-off-table-in-response-to-china-overcapacity
Paid articlePaid The US Treasury Secretary Janet Yellen said the outright seizure of Russian assets is justifiable but is only one possibility ...
reut.rs/4aNryAX
US Set to Ring Alarm Bells Over Chinese Industry on World Stage: US Treasury Secretary Janet Yellen warned China’s leaders that the nation’s manufacturing power ...
bloomberg.com/news/articles/2024-04-12/us-set-to-ring-alarm-bells-over-chinese-industry-on-world-stage
Paid articlePaid 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
U.S., China to Cooperate in the Fight Against Dirty Money: The U.S. and Chinese governments have started working together to fight money laundering in their ...
wsj.com/articles/u-s-china-to-cooperate-in-the-fight-against-dirty-money-1edb9a25
Quick Glance: U.S., China Collaborate Against Money Laundering
- The U.S. and Chinese governments are working together to combat money laundering in their financial systems.
- A new agreement allows officials from both countries to meet regularly and share information on enforcement actions.
- The goal is to close financial system loopholes by sharing best practices.
- The agreement was established during the visit of U.S. Treasury Secretary Janet Yellen to China.
US slaps sanctions on entities that raised funds for West Bank settlers: The United States on Friday imposed sanctions on two entities that it said helped raise ...
reuters.com/world/us/us-slaps-sanctions-entities-that-raised-funds-west-bank-settlers-2024-04-19/
Yellen Meets Japan, South Korea Finance Ministers to Discuss Finance Cooperation: US Treasury Secretary Janet Yellen took note of worries between her Japanese ...
bloomberg.com/news/articles/2024-04-17/us-japan-south-korea-triad-extends-to-finance-in-yellen-sitdown
Bloomberg New Economy: IMF Scrutinizes US Economy Instead of Going After China: As the US delegation looked to the annual springtime gathering of finance chiefs ...
bloomberg.com/news/newsletters/2024-04-20/bloomberg-new-economy-imf-scrutinizes-us-economy-instead-of-going-after-china
US sanctions two groups over fundraising for Israeli extremists in West Bank: The Biden administration announced Friday it is imposing sanctions on two groups ...
thehill.com/policy/international/4605095-us-sanction-israeli-extremists-west-bank/
4 Iranians charged in scheme to hack US agencies and defense contractors: US prosecutors on Tuesday announced charges against four Iranian men for a sprawling ...
cnn.com/2024/04/23/politics/iranians-charged-hacking-scheme/
Yellen Delivers Sharp Message to China’s Leaders With a Smile: US Treasury Secretary Janet Yellen will meet China’s central bank chief and former economic czar ...
bloomberg.com/news/articles/2024-04-07/yellen-advances-us-china-ties-despite-tough-criticism-on-exports
Paid articlePaidQuick Glance: China and U.S. to Engage in Intensive Talks on Economic Balance
- US Treasury Secretary Janet Yellen announced intensive talks with China to address America's competitive disadvantages.
- Both sides will engage in intensive discussions on balanced economic growth and initiate exchanges on combating money laundering.
- Yellen emphasized the importance of addressing American concerns regarding overcapacity in Chinese production.
- The meetings will be held under existing economic and financial working group frameworks to address balanced growth and money laundering.
Bloomberg New Economy: China Heads Down Japan’s Troubled Macro-Policy Path: The argument that China is following in Japan’s three-decade old footsteps down the ...
bloomberg.com/news/newsletters/2024-04-13/bloomberg-new-economy-china-heads-down-japan-s-troubled-macro-policy-path
Foreign holdings of US Treasuries hit record high; Japan holdings rise, data shows
reuters.com/markets/us/foreign-holdings-us-treasuries-hit-record-high-japan-holdings-rise-data-shows-2024-04-17/
New I Bond rates won't be tantalizing but they could be decent: Inflation has cooled from a recent peak of 9.1% in June 2022. I Bond rates have pulled back, too ...
freep.com/story/money/personal-finance/susan-tompor/2024/04/24/inflation-is-hot-but-not-enough-to-drive-i-bonds-to-sky-high-returns/73414755007/
IMF Steps Up Its Warning to US Over Ballooning Debt
bloomberg.com/news/articles/2024-04-16/imf-steps-up-its-warning-to-us-over-ballooning-debt
Paid articlePaid 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/
White House to announce new sanctions on Iran following Israel airstrike: White House will be imposing new sanctions on Iran, targeting Tehran’s missile and ...
thehill.com/homenews/administration/4598643-white-house-to-announce-new-sanctions-on-iran-following-israel-airstrike/
US, UK announce new sanctions on Iran after missile and drone strike on Israel: The United States and the United Kingdom announced widespread sanctions against ...
scmp.com/news/world/united-states-canada/article/3259534/us-uk-announce-new-sanctions-iran-after-missile-and-drone-strike-israel
U.S. to hit Iran with fresh sanctions after Israel attack: It's a subtle message to Israel that there's more than one way to harm Tehran.
axios.com/2024/04/16/iran-sanctions-israel-biden-yellen
Quick Glance: Yellen warns of further sanctions in response to Iran's increasing activities
- Treasury Secretary Janet Yellen warned of potential global economic damage from rising tensions in the Middle East and pledged that the U.S. and its allies won't hesitate to use their sanctions powers to address Iran's 'malign and destabilizing activity' in the region.
- The fast-rising tensions between Iran and Israel and the potential implications of escalation on the global economy are at the forefront of the spring meetings of the International Monetary Fund and World Bank.
- Yellen announced additional sanctions actions against Iran in the coming days and expressed support for liquidating roughly $300 billion in frozen Russian Central Bank assets for Ukraine's reconstruction.
- Another major focus of this year's meetings will be Chinese industrial policy, which Yellen believes poses a threat to U.S. jobs and the global economy. She plans to meet with Chinese counterparts to identify potential areas of cooperation and address concerns.
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/
Yellen Waves Yellow Flag as China’s EV Sector Keeps Up Expansion: China’s leading EV makers and suppliers are pressing ahead in the face of a global slowdown ...
bloomberg.com/news/newsletters/2024-04-08/yellen-waves-yellow-flag-as-china-s-ev-sector-keeps-up-expansion
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
Yellen Threatens Sanctions for China Banks That Aid Russia’s War: US Treasury Secretary Janet Yellen wrapped up four days of talks in China with a warning to the ...
bloomberg.com/news/articles/2024-04-08/yellen-threatens-sanctions-for-china-banks-that-aid-russia-s-war
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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
Cordial: The Bloomberg Open, Asia Edition: Good morning. Yellen and China's He keep it polite. Beijing is said to step up support to Russia ...
bloomberg.com/news/newsletters/2024-04-07/cordial-the-bloomberg-open-asia-edition
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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
US sanctions target Hamas spokesperson, drone program leaders: The United States on Friday issued sanctions aimed at a Hamas spokesperson and leaders of the ...
reuters.com/world/middle-east/us-sanctions-target-hamas-spokesperson-drone-program-leaders-2024-04-12/
Senator Warren slams Intuit's 'junk fees' as America's Tax Day rolls around again
theregister.com/2024/04/15/warren_intuit_tax/
US Treasury's Adeyemo warns 'malign' actors are using virtual assets: The U.S. Treasury Department fears terrorist groups will increase their use of virtual ...
reut.rs/3JbAZ0P
US, China Have Stabilized Relations Over Past Year, Yellen Says: US and China have put their bilateral relationship on a “more stable footing” over the past year ...
bloomberg.com/news/articles/2024-04-07/us-china-have-stabilized-relations-over-past-year-yellen-says
Paid articlePaid 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
Paid articlePaid What about China’s overcapacity?: China says its industries are simply more competitive
reut.rs/3Jez5fP
Would America dare to bring down a Chinese bank?: Janet Yellen promises sanctions for those supporting Vladimir Putin’s war
economist.com/finance-and-economics/2024/04/10/would-america-dare-to-bring-down-a-chinese-bank
U.S. sanctions target Iran’s drone production after attack on Israel: Treasury announces new sanctions on Tehran but seeks to contain broader conflict.
washingtonpost.com/business/2024/04/18/iran-treasury-drone-sanctions/
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/
Five Things You Need to Know to Start Your Day: Asia: Yellen to wrap up four-day China trip. Oil heads for $100 a barrel. Chinese investment into Australia ...
bloomberg.com/news/newsletters/2024-04-07/five-things-you-need-to-know-to-start-your-day-asia
Would America dare to bring down a Chinese bank?: Janet Yellen promises sanctions for those supporting Vladimir Putin’s war
economist.com/finance-and-economics/2024/04/10/would-america-dare-to-bring-down-a-chinese-bank
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
After issuing factory capacity warning to China, Yellen faces tariff decisions: U.S. Treasury Secretary Janet Yellen hammered home a stern warning to China's ...
reut.rs/3VVrytY
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/
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.
If Trump wins, he plans to free Wall Street from 'burdensome regulations': A second Trump White House would seek to sharply reduce the power of U.S ...
reuters.com/markets/us/if-trump-wins-he-plans-free-wall-street-burdensome-regulations-2024-04-12/
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
Five Things You Need to Know to Start Your Day: Asia: Good morning. Wells Fargo becomes Wall Street’s biggest equity bull. Yellen offers China a blunt warning ...
bloomberg.com/news/newsletters/2024-04-08/five-things-you-need-to-know-to-start-your-day-asia
US Treasury Seeks More Sanctions Powers Against Crypto Exchanges: The US Treasury Department is asking politicians for more enforcement powers to use against ...
bloomberg.com/news/articles/2024-04-09/us-treasury-seeks-more-sanctions-powers-against-crypto-exchanges
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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/
U.S., China to hold more financial shock exercises, Treasury officials say: The U.S. and China are deepening cooperation on financial stability issues, U.S ...
reuters.com/business/finance/us-china-hold-more-financial-shock-exercises-treasury-officials-say-2024-04-08/
Yellen meets with China's central bank chief, presses case on excess capacity: U.S. Treasury Secretary Janet Yellen warned China on Monday that Washington will ...
reuters.com/world/yellen-meets-with-chinas-central-bank-chief-presses-case-excess-capacity-2024-04-08/
Five Things You Need to Know to Start Your Day: Americas: Good morning. US stock futures are muted after a strong close on Friday, while treasuries drop as ...
bloomberg.com/news/newsletters/2024-04-08/five-things-you-need-to-know-to-start-your-day-americas
Scoop: Treasury wants "sharper scalpel" to dissect foreign investment into the U.S.
axios.com/2024/04/11/cfius-foreign-investment-treasury-review
Janet Yellen says tariffs are on the table to stop a 'China Shock' as official urges U.S. not to 'politicize'
qz.com/janet-yellen-china-competition-ev-solar-clean-energy-1851394510
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
Biden’s polite Trumpism on China: Communication matters precisely because the structural problem between the pair is probably insoluble
ft.com/content/da53d88b-1630-4b59-a2c6-11a848fb8d05
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/
China's overcapacity is here to stay: China's factories will keep chugging along, regardless of what overseas officials like Janet Yellen say. On Monday the U.S ...
reuters.com/breakingviews/chinas-overcapacity-is-here-stay-2024-04-09/
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/
Treasury wants to boost foreign investment review powers, as Congress dissects Nippon, TikTok deals
apnews.com/article/foreign-investment-nippon-us-steel-209e2f423db824e325787a390d03f6f1
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
China's Solar Manufacturing Boom: Market Forces, Not Words, Can Fix Overcapacity
bloomberg.com/news/newsletters/2024-04-09/china-s-solar-manufacturing-boom-market-forces-not-words-can-fix-overcapacity
U.S. Senator adds to warning of Vista's ammo deal with Czech group: The company's $1.9B deal hinges on CFIUS ruling.
axios.com/2024/04/17/vista-ammo-deal-kennedy-warning
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/
US sanctions Hamas spokesperson, leaders of drone unit: The Treasury Department announced Friday it issued sanctions against a Hamas spokesperson and leaders of ...
thehill.com/policy/international/4590396-us-sanctions-hamas-spokesperson-leaders-drone-unit/
Stock Markets Today: Yellen threatens sanctions, US rate-cut bets: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-04-09/stock-markets-today-yellen-threatens-sanctions-us-rate-cut-bets
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