Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers:
The IRS has collected $1.3 billion from high-wealth tax dodgers since last fall ...
apnews.com/article/irs-treasury-tax-wealth-ira-2932f286c89b19b9ccecaaca2f4f2c2b
Quick Glance: IRS Recovers $1.3 Billion from Wealthy Tax Evaders
- The IRS has collected $1.3 billion from high-wealth tax evaders since last fall due to increased enforcement efforts.
- Treasury Secretary Janet Yellen highlighted that the top 1% of wealthy Americans owed over one-fifth of all unpaid taxes in 2019.
- Nearly 80% of the 1,600 millionaires targeted by the IRS have made payments, resulting in over $1.1 billion recovered.
- Additionally, the IRS launched a Direct File program for simple tax returns, leading to over $90 million in refunds.
Story Details
| Last Updated | Sep 06 |
| Total Articles | 2 |
WATCH: IRS has recovered $1.3 billion in unpaid taxes from wealthy tax dodgers, Yellen says
pbs.org/newshour/economy/watch-irs-has-recovered-1-3-billion-in-unpaid-taxes-from-wealthy-tax-dodgers-yellen-says
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WATCH: IRS has recovered $1.3 billion in unpaid taxes from wealthy tax dodgers, Yellen says
pbs.org/newshour/economy/watch-irs-has-recovered-1-3-billion-in-unpaid-taxes-from-wealthy-tax-dodgers-yellen-says
Trump Proposes Ending ‘Double Taxation’ On Americans Abroad—Latest Tax Promise Ahead Of Election
forbes.com/sites/antoniopequenoiv/2024/10/09/trump-proposes-ending-double-taxation-on-americans-abroad-latest-tax-promise-ahead-of-election/
After a Deloitte client’s $2.4B tax dodge faltered, the accounting giant won’t say if it helped others exploit the same loophole - ICIJ
icij.org/news/2024/10/after-a-deloitte-clients-2-4-billion-tax-dodge-faultered-the-accounting-giant-wont-say-if-it-helped-others-exploit-the-same-loophole/
Quick Glance: Deloitte and the $2.4 Billion Tax Loophole Scandal
- The IRS achieved a major legal victory against Liberty Global over a disputed tax strategy attempting to claim $2.4 billion in deductions.
- Deloitte, as Liberty Global's tax advisor, is suspected of playing a key role in designing the controversial tax maneuver known as 'Project Soy.'
- The lack of transparency in records and Liberty Global's refusal to disclose relevant documents raise questions about the prevalence of similar aggressive strategies among other corporations.
- The ongoing legal dispute is viewed as a test case for the IRS's tax enforcement efforts, as the company appeals the court's ruling.
How to apply for FEMA aid after Hurricanes Helene and Milton: The federal government provides a variety of assistance programs for people impacted by disasters ...
cnn.com/2024/10/11/politics/fema-aid-how-to-apply/
Quick Glance: Guide to Applying for FEMA Aid
- The federal government offers assistance programs for victims of Hurricanes Helene and Milton.
- Affected individuals must apply to FEMA, with aid currently available only for Hurricane Helene.
- Eligibility requires applicants to reside in a declared disaster area and meet specific identity criteria.
- Support from local organizations and tax relief options from the IRS are also available for those impacted.
Yellen Defends Immigration Benefits in Face of Deportation Calls: Treasury Secretary Janet Yellen defended the benefits of immigration, arguing it has been an ...
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Paid articlePaywall
Hurricane Milton live updates: 16 killed, over 2 million without power in Florida
abcnews.go.com/US/live-updates/milton-forecast-hurricane-tracker/
IRS extends tax filing deadline for hurricane victims: Victims of Hurricanes Helene and Milton can expect various forms of tax relief, including an extension to ...
trib.al/jLwH37y
Ignore social media. Here’s what Harris’ unrealized capital gains tax proposal means for you
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Taxpayers in 24 states will be able to file their returns directly with the IRS in 2025
apnews.com/article/irs-tax-season-treasury-yellen-3c5e3ade465fcd4441f84e1c4edfcc6b
U.S. marks anniversary of Gaza war with sanctions targeting Hamas funding network - UPI.com
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Wisconsinites will be eligible to use a free, online tax-filing system in 2025: The new program is expanding to 12 more states in 2025 after a successful pilot.
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Janet Yellen Sees Housing Costs Coming Down, Enabling 2% Inflation: Treasury Secretary Janet Yellen said that inflation is on a path toward the Federal Reserve’s ...
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Taxpayers in 24 states will be able to file their returns directly with the IRS in 2025
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IRS data challenges Walz's claim that Trump tax cuts 'predominantly went to the top guys'
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Social Security Benefits Will Increase 2.5% In 2025: Social Security benefits and Supplemental Security Income (SSI) benefits will increase by 2 ...
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IRS vows to race $10 billion in delayed Covid aid to help hurricane-hit businesses
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The IRS is rolling out its free tax-filing tool to 30 million Americans—and surprisingly, it's great
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Millions of dollars in IRS refund checks sent through mail were stolen in massive fraud
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Hurricane Milton live updates: 16 killed, over 2 million without power in Florida
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By the numbers: Firms' tech priorities, financial restatements, and more: The latest data on where accountants are focusing their technology investments ...
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How Trump Could Upend Taxation in America: With slogans and in social-media posts, the former president has dribbled out ideas that, together ...
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IRS Tax-Refund Checks Keep Getting Stolen in the Mail: The millions of refunds sent by mail are a popular target for check fraud.
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TIGTA spots almost 60K system vulnerabilities : The IRS failed to address literally tens of thousands of unresolved security vulnerabilities ...
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On the move: MACPA names 2024 Women to Watch: Your Part-Time Controller appoints chief growth officer; LBMC launches family law support services practice; and ...
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Billionaire Reinsdorf Has Now Run Best and Worst of Sports Teams: Almost three decades ago, Jerry Reinsdorf presided over the NBA’s winningest team ever: The ...
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Hackers know your social security number. Here’s how to stay safe: Between the Medicare, National Public Data, and other massive breaches, you should take ...
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Opinion | Welcome Home, Hostages, and Pay Up: The IRS should stop targeting wrongfully detained Americans.
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FinCEN Extends FBAR Filing Deadlines For Victims Of Recent Natural Disasters: Victims of recent natural disasters are granted an FBAR filing extension for the ...
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Janet Yellen Issues Warning Over 2024 U.S. Election: The Treasury Secretary warned that America cannot "veer off" course after the Biden administration achieved ...
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Yoga studio entrepreneur pleads guilty to dodging $2.5 million in taxes: Yoga studio mogul pleads guilty to dodging $2.5 million in taxes.
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IRS extends Oct. 15 tax deadline for states hit by hurricanes, severe weather: Oct. 15 is the deadline for filing tax returns those who obtained a six-month ...
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An IRS Crackdown on Abusive Trusts Snags a Dentist—and More: The six criminal counts are a cautionary tale for anyone tempted by far-fetched tax-reduction ...
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Inside the finances of California Senate candidates Schiff and Garvey: Garvey owes as much as $750,000 to the IRS, while Schiff has made as much as $2 million ...
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Five Ways Your Boss Can Step Up in the Aftermath of a Hurricane: The IRS offers several tax breaks for employers that help their employees during a federally ...
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Here’s how the IRS could collect over $1 billion in unreported gambling income: The tax agency has failed to collect gambling winnings from many Americans ...
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Six Tax Deadlines for October 15: Everything you need to know about the IRS Oct. 15 federal tax extension deadline and other key October tax deadlines.
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Hurricane Helene victims could get more tax breaks. Senators just need to vote.: Passing the bill is ‘absolutely the most humane thing we can do,’ advocate says
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Final regs issued on conservation easements : The new rules require that certain syndicated conservation easements must be reported to the IRS.
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Owner of Massachusetts Cellular Phone Tower Installation Business Pleads Guilty to Employment Tax Crimes
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California Real Estate Agent Indicted on Tax Evasion and Obstruction Charges: A California real estate agent has been indicted by a federal grand jury on charges ...
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Dialogue in the castle courtyard: What the citizens wanted to know from Manuela Schwesig
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Labour faces pension exodus as savers make 'knee-jerk' decisions over taxes: Experts are warning that the government is facing a pension exodus
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Farewell Paper I-Bonds: Savings Bonds Are Going Online-Only: Buying paper I-bonds with your income tax refund won't be possible from January 2025 ...
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Dewsbury Reporter Sep 26
Kirklees councillors share widespread objection to government’s Winter Fuel Allowance cut
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France Prepares to Raise Taxes on Businesses and the Rich: France’s new prime minister, Michel Barnier, has opened the door to reversing some of President ...
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Dialogue in the castle courtyard: What the citizens wanted to know from Manuela Schwesig
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