internal-revenue-service

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investigation
Chicago Tribune
9 months ago
Chicago

Michael Acevedo sentenced to 1 month in prison in tax fraud case stemming from Madigan probe

The son of former Democratic state Rep. Edward Acevedo was sentenced to one month in prison after he pleaded guilty Wednesday to federal tax charges connected to the sprawling investigation of Commonwealth Edison's alleged attempts to influence then-House Speaker Michael Madigan.Michael Acevedo, 36, of Chicago, entered his plea to three counts of failing to file federal tax returns, which each carry a term of up to a year in prison.
Engadget
10 months ago
Cryptocurrency

Binance leaves Canada due to stricter crypto rules | Engadget

SOPA Images via Getty Images
Canadians will no longer have access to the largest cryptocurrency exchange in the world.Binance has announced that it's withdrawing from the Canadian marketplace due to new stablecoin and investor limits in the country.Back in February, the Canadian Securities Administrators (CSA) released new guidance that gives crypto trading platforms operating in the region 30 days to register or to leave.
www.dw.com
1 year ago
Cryptocurrency

US regulator sues crypto giant Binance, CEO Changpeng Zhao DW 03/28/2023

Law and JusticeUnited States of America 8 minutes ago8 minutes ago The US Commodity Futures Trading Commission charged the world's biggest crypto exchange and its CEO Changpeng Zhao with "willful evasion" of US law.Zhao has rejected the allegations against him.A top US markets regulator, the Commodity Futures Trading Commission (CFTC), on Monday charged cryptocurrency giant Binance and its founder amd CEO Changpeng Zhao with operating what the regulator alleged were an "illegal" exchange and a "sham" compliance program.
POLITICO
1 year ago
US Elections

Curious about George: House Republicans debate on Santos' fate

"I don't have any historical precedent about what's appropriate here.And I do think that matters," said Rep. Dusty Johnson (R-S.D.), chair of the Republican Governance Group."In my mind, I wouldn't seat the guy until we have an investigation done.I think there are enough legitimate concerns out there about his behavior."
www.nytimes.com
1 year ago
US Elections

Trump's Taxes: Red Flags, Big Losses and a Windfall From His Father

At first glance, the income-tax data released this week by a House committee seems to show a turnaround in 2018 for former President Donald J. Trump.After a decade in which he declared no taxable income, his 2018 return reported taxable income of more than $24 million.He paid nearly a million dollars in federal income taxes.
Truthout
1 year ago
Left-wing politics

GOP Blames Biden for Mar-a-Lago Raid - But FBI Is Headed by Trump's Director

After Donald Trump's Florida residence was hit with a raid by the Federal Bureau of Investigation (FBI) on Monday night, hypocritical demands for defunding and "destroying" the FBI erupted from Republicans, despite their years-long complaints about the left's calls for defunding law enforcement.
moreinvestigation
Chicago
Chicago Tribune
9 months ago
Chicago

Jesus 'Chuy' Garcia: The debt ceiling deal hurts working people

I was one of 46 Democrats in Congress to vote against the Fiscal Responsibility Act.I voted "no" on the bill because of the impact the spending cuts would have on my constituents.I also worry about rewarding Republicans for threatening a default as leverage to impose these cuts.The concessions Republicans won in the Fiscal Responsibility Act lay bare their cruel priorities.
Chicago Tribune
1 year ago
Chicago

Clarence Page: How a GOP tax cut plan became a gift to Democrats

Remember how cameras followed Rep. Kevin McCarthy up and down the aisles of the Houseas he tried to string together enough deals during 15 rounds of voting to be elected House speaker?The California Republican gathered enough votes to win the post - and now he seems to be running almost as fast to back away from some of those deals.
Chicago Tribune
1 year ago
Chicago

Chicago catalytic converter thefts have nearly tripled in 2022; CPD trying neon paint to deter them

Rising catalytic converter thefts have left drivers with noisy cars and expensive repair bills.Just how much have thefts jumped?
Chicago Tribune
1 year ago
Chicago

Lake Forest doctor charged with trying to evade $1.6M in taxes

A Lake Forest doctor has been charged with tax fraud for attempting to evade $1.6 million in payments to the Internal Revenue Service, according to federal prosecutors.
Chicago Tribune
1 year ago
Chicago

Gov. J.B. Pritzker gave Democratic governors' group $24 million to fund ads that helped nominate his GOP opponent

In addition to spending more than $62 million en route to an easy win in the June primary, Gov. J.B. Pritzker also gave $24 million to the Democratic Governors Association, which then spent millions on TV ads encouraging Republicans to vote for his favored GOP challenger, state Sen. Darren Bailey, financial reports showed.
moreChicago
Los Angeles Times
9 months ago
California

IRS apologizes for telling taxpayers their debt was due in weeks rather than months

The phones of tax specialists all over California were ringing off the hook this week.There were five on Tuesday - and five the next day - at the office of certified public accountant Tyler Ashmore in Bakersfield.Also on Tuesday, 15 customers rang the business line and personal cell of Dan Herron, a tax preparer in San Luis Obispo.
www.cnn.com
9 months ago
US politics

Debt ceiling package does little to address America's major fiscal problems

Although it's named the Fiscal Responsibility Act, the compromise debt ceiling package that President Joe Biden signed into law this past weekend doesn't do much to fix the nation's enormous financial challenges.The deal, which prevented the US from defaulting on its obligations and unleashing economic upheaval, holds non-defense discretionary spending relatively flat for the coming fiscal year after agreed-upon appropriations adjustments and allows an increase of only 1% the following fiscal year.
www.nytimes.com
10 months ago
US politics

I.R.S. Acknowledges Black Americans Face More Audit Scrutiny

The Internal Revenue Service said on Monday that Black taxpayers have been far more likely to be audited than others and that it is considering changes to its case selection process to address discrimination in how the tax code is enforced.The acknowledgment came after the publication of research this year showing that Black taxpayers were disproportionately audited, prompting calls from members of Congress for a review into the methodology and algorithms that help determine who is selected.
www.cnn.com
1 year ago
US politics

Biden's IRS nominee grilled on $80 billion modernization

President Joe Biden's pick to lead the Internal Revenue Service was grilled by lawmakers Wednesday over how he intends to oversee the use of $80 billion in new funding coming to the agency over the next decade.Daniel Werfel, a former acting IRS commissioner, testified before the Senate Committee on Finance Wednesday morning.
the Guardian
1 year ago
US politics

Senate passes $739bn healthcare and climate bill after months of wrangling

Senate Democrats passed their climate and healthcare spending package on Sunday, sending the legislation to the House and bringing Joe Biden one step closer to a significant legislative victory ahead of crucial midterm elections in November.
Boston.com
10 months ago
Boston real estate

What a government shutdown or default could mean for home buying

Real Estate News 'We're hanging on by a thread here in the real estate market.'President Biden and House Speaker Kevin McCarthy, Republican of California, have locked horns over the $31.4 trillion debt ceiling.If Congress refuses to raise it, it could force the government to shut down and risk default on its debts as soon as June 1.
Theregister
10 months ago
Artificial intelligence

US senators fear rise of ChatGPT-written tax scam emails

A bipartisan group of US senators has urged the Internal Revenue Service (IRS) to "use all the tools at its disposal to counter AI-generated tax scams," and protect American taxpayers from money-grubbing crooks using chatbots and deepfakes to dupe marks.In a letter this week to IRS Commissioner Danny Werfel, Senators Maggie Hassan, (D-NH), Ron Wyden (D-OR), Chuck Grassley (R-IA) and James Lankford (R-OK) sounded the alarm on this "emerging threat to taxpayers," specifically families, seniors, and small businesses.
www.cnn.com
10 months ago
US politics

No. 3 House Republican defends party's debt ceiling bill

House Majority Whip Tom Emmer said Sunday that President Joe Biden doesn't have to negotiate over the debt ceiling, saying that Republicans in the House, led by Kevin McCarthy, have passed the solution.House Republicans last week narrowly passed their bill to raise the nation's $31.4 trillion debt limit by an additional $1.5 trillion.
Washington Post
1 year ago
Business

IRS advocate reports big drop in backlog as GOP votes to cut funds

Internal Revenue Service headquarters in Washington.The Internal Revenue Service reduced its massive backlog of unprocessed tax returns by nearly two-thirds over the past year, an independent watchdog said Wednesday, which could lead to shorter delays for tax refunds.Taxpayers who can avoid filing on paper should still choose electronic filing if they want refunds on time, according to the annual report ofthe IRS's national taxpayer advocate, Erin M. Collins, who described a clogged system that delayed millions of tax refunds for many months.
www.theguardian.com
1 year ago
US Elections

US House to decide whether to release details of Trump's tax returns

A Democratic-led US House of Representatives committee on Tuesday is due to decide whether to release details of Donald Trump's tax returns, after a years-long court fight and just two weeks before their party surrenders power to Republicans.House committee to vote on releasing Trump's tax returns  live The House ways and means committee is due to examine them behind closed doors at 3pm ET, the day after the House investigation of the January 6 assault on the Capitol by Trump supporters urged the justice department to prosecute the Republican for his role in sparking the riot.
www.aljazeera.com
1 year ago
US politics

US top judge temporarily halts push to obtain Trump's tax records

Chief Justice John Roberts effectively pauses effort by congressional panel to get former US president's tax returns.US Supreme Court Chief Justice John Roberts has temporarily blocked a congressional panel's effort to obtain Donald Trump's tax returns, effectively pausing the legal fight over the former president's records as the top court considers the issue.
Towleroad Gay News
1 year ago
Left-wing politics

Obama, Biden Reunite At White House To Tout Obamacare, New Provision - Towleroad Gay News

By Nandita Bose and Jeff Mason
Chicago Tribune
10 months ago
Chicago

Letters: Michael Madigan's control over redistricting helped him stay in power

Buried deep within Jason Meisner and Ray Long's "ComEd Four" testimony wrap-up story - " Could Michael Madigan be bought?" (April 23) - is something so impossible to fathom that it deserves much more attention."(John) Hooker's defense team, led by attorney Michael Monico, kept out any mention that Hooker headed a group that went to court to halt attempts to diminish the power of Madigan and other political leaders over how legislative district boundaries are redrawn once a decade," Meisner and Long write.
Los Angeles Times
1 year ago
Los Angeles

IRS employee made a 'few thousand' selling morphine to co-worker. Then her colleague OD'd

While working for the IRS in Fresno, a woman sold morphine to a co-worker, who then overdosed and died, federal prosecutors say.Margarita Aispuro-Camacho, 46, pleaded guilty Tuesday in federal court to selling morphine contributing to the death, the U.S. attorney's office said in a news release.In 2020, when she was a clerk at the Internal Revenue Service in Fresno, Aispuro-Camacho sold morphine pills, which she had been prescribed, to a co-worker.
Boston.com
1 year ago
Boston

Watertown father and son, who cashed over $20 million in winning tickets, found guilty of lottery scam

Crime The pair claimed other people's lottery winnings as their own as part of a scheme to avoid paying taxes.A federal jury on Friday found a father and son from Watertown guilty for their part in a lottery scam, in which the pair claimed more than $20 million in Massachusetts lottery winnings over nine years on behalf of the actual winning ticket holders to avoid paying taxes and to collect tax refunds, prosecutors said.
Los Angeles Times
1 year ago
Los Angeles

Tom Girardi firm's CFO embezzled $10 million, spent thousands on escort and real estate, prosecutors say

The chief financial officer of Tom Girardi's law firm embezzled at least $10 million from firm bank accounts and used stolen funds to renovate his Los Angeles home, purchase a Caribbean mansion and shower an escort with gifts, including a $120,000 purse, a federal prosecutor said in court Thursday.Government lawyers disclosed allegations against former Girardi Keese CFO Christopher Kamon at a detention hearing in U.S. District Court in Maryland.
Chicago Tribune
1 year ago
Chicago

Prosecutors want 19 months in prison for ex-Teamsters boss John Coli Jr. in extortion case

Federal prosecutors are asking for 19 months in prison for former Teamsters union boss John Coli Sr., who pleaded guilty to extorting a Chicago film studio boss and helped federal investigators secure a ghost payrolling conviction against state Sen. Thomas Cullerton.
Chicago Tribune
1 year ago
Chicago

Lawyers for ex-Ald. Patrick Daley Thompson ask for probation on tax conviction

Lawyers for ex-Chicago Ald.
www.theguardian.com
1 year ago
UK politics

Sunak's tax return: the questions that remain unanswered

Rishi Sunak, the prime minister, has published a summary of his UK and US taxes from 2019-2021.It was meant to complete a pledge to publish it, made during his run for the Conservative party leadership last year.However, it leaves some major questions unresolved.The tax statement confirms Sunak holds some of his financial interests in a blind management arrangement, as he has previously declared.
Los Angeles Times
1 year ago
Los Angeles

IRS says it won't tax California's Middle Class Tax Refund

Relax, Californians - the Middle Class Tax Refund you received last year will not be subject to federal taxes.The Internal Revenue Service issued long-awaited guidance Friday afternoon, saying it "determined it will not challenge the taxability of payments related to general welfare and disaster relief."
Los Angeles Times
1 year ago
Los Angeles

IRS tells Californians to wait to file tax returns. That could cost you

When it comes to unpleasant but necessary tasks, filling out your income tax return ranks right up there with cleaning out your rain gutters and having your blood drawn.So you might think that no one would mind when the Internal Revenue Service told taxpayers in California and several other states to hold off filing their 2022 returns for an undetermined amount of time.
Los Angeles Times
1 year ago
Los Angeles

Storm damage? You could qualify for lower L.A. County property taxes

Los Angeles County homeowners who rack up big losses in the current wave of storms can look forward to one consolation, however small: Those losses can translate into lower property tax bills.L.A. County Assessor Jeff Prang said Wednesday that property owners have one year to apply for a reassessment of " Property Damaged or Destroyed by Misfortune or Calamity."
www.dailynews.com
1 year ago
Los Angeles

Strong storm batters Southern California, with flooding, mudflows and road closures

A new round of flooding, mudflows and road closures plagued Southern California on Tuesday, Jan. 10, as a powerful storm unleashed heavy rain and strong winds on an already waterlogged state.Pea-sized hail fell in Murrieta, the National Weather Service said.Porter Ranch in the San Fernando Valley saw nearly 7 inches of rainfall, with Woodland Hills at 6.5 inches.
Los Angeles Times
1 year ago
Los Angeles

Newsom urges California lawmakers not to tax forgiven federal student loans

Gov. Gavin Newsom on Saturday called on the California Legislature to act quickly to prevent student loan borrowers from having to pay state income taxes on up to $20,000 in federal debt forgiveness.The Biden administration announced in August a sweeping, one-time loan forgiveness program that would wipe out thousands of dollars in federal direct loan debt.
www.nytimes.com
1 year ago
US news

Fact-Checking Misleading Claims About the I.R.S.

WASHINGTON Republican lawmakers continued their decades-long critique of the Internal Revenue Service in a Senate hearing on Wednesday, occasionally leveling inaccurate charges as they questioned President Biden's nominee to lead the agency.Here's a fact check of some claims.What Was Said The Joint Committee on Taxation says that 78 to 90 percent of that tax gap really is with taxpayers under $200,000, you know, lost reported revenue.
www.cnn.com
1 year ago
US news

IRS says many 2022 special state payments are not subject to federal tax

The Internal Revenue Service has good news for millions of taxpayers in 17 states who received a one-time special state payment last year to offset inflation and other negative economic impacts: Those payments won't be subject to federal income tax.The IRS determined it will not challenge the taxability of payments related to general welfare and disaster relief, the agency said in a statement Friday evening.
www.nytimes.com
1 year ago
Retirement

Why Investing at the Last Moment Can Hurt Your Returns

If you haven't put money into an individual retirement account for 2022, do it before the April deadline.That's a standard tax tip for investors this time of year.And it does make sense to stash as much money as you can manage in tax-sheltered accounts of one variety or another.The Internal Revenue Service allows to you wait until April 18 this year to contribute money to an I.R.A. for 2022.
Los Angeles Times
1 year ago
Los Angeles

Newsom, IRS give Californians until October to file tax returns

Good news for most Californians who owe taxes to the federal or state government: The deadline for filing your return and paying what you owe has been pushed back to October.For the record:
An earlier version of this article reported that the new tax deadlines applied to the 44 counties covered by a federal emergency declaration.
Los Angeles Times
1 year ago
Los Angeles

IRS gives drenched Californians an extra month to file tax returns

The Internal Revenue Service offered a lifeboat of sorts Tuesday to California residents and businesses floundering in the atmospheric river: More time to pay their income taxes.The agency announced that taxpayers in any county covered by a federal emergency declaration would have until May 15 to file their income tax returns for 2022.
www.nytimes.com
1 year ago
Retirement

401(k) Contribution Limits Are Taking a Big Jump for 2023

Americans saving for retirement through a 401(k) account will be able to increase their maximum contributions of pretax wages into it by almost 10 percent in 2023, thanks to a new limit announced Friday by the Internal Revenue Service.
www.nytimes.com
1 year ago
Retirement

Your Paycheck Next Year Will Be Affected by Inflation. Here's How.

You already know that inflation is taking a bigger and bigger bite out of your wallet.
Now, it's going to affect the size of your paycheck in 2023.
Los Angeles Times
1 year ago
Los Angeles

Black Lives Matter leader accused of stealing $10 million from organization, using it as 'personal piggy bank'

The leader of the Black Lives Matter Global Network Foundation has been accused by former colleagues of stealing more than $10 million in donations from the organization for his own personal use, according to a lawsuit filed in court this week.
www.nytimes.com
1 year ago
Marketing

They Went Viral and Made Money. Now They Owe Taxes.

Fortunes can ebb and flow substantially on social media platforms, with content creators reaping riches from viral videos one month and making little the next.Influencers may also receive lavish gifts, one-off checks and direct tips from loyal viewers.In the eyes of the Internal Revenue Service, they owe taxes on all of it.
www.nytimes.com
1 year ago
Europe news

Here's how to help victims of the earthquake.

The rescue and recovery efforts in Syria and Turkey are underway after the most powerful earthquake to strike the region in almost a century killed at least 3,800 people, left thousands more injured and flattened thousands of buildings and homes.The magnitude 7.8 quake and its aftershocks have unleashed a humanitarian disaster of unfathomable proportions.
www.verifythis.com
1 year ago
Privacy professionals

3 ways to avoid clicking on malicious links

At VERIFY, we are dedicated to telling you what is true and false.That includes showing you how to identify fraudulent emails, how scammers can impersonate companies to trick you, and how to protect yourself if you were a victim of a scam.We also frequently get questions from viewers about specific websites asking if they are legit.
www.vice.com
1 year ago
Privacy professionals

ID.me Lied About Its Facial Recognition Tech, Congress Says

picture alliance / Getty Images The controversial facial recognition firm hired by the US government during the height of the pandemic is being slammed by members of Congress, who say the company misrepresented how its technology works and downplayed excessive wait times which stopped Americans from collecting unemployment benefits.
Electronic Frontier Foundation
1 year ago
Privacy professionals

VICTORY: Slack Offers Retention Settings to Free Workspaces

In a victory for users, Slack has fixed its long-standing retention problems for free workspaces.
Engadget
1 year ago
Privacy professionals

Democratic lawmakers want FTC to investigate controversial identity firm ID.me | Engadget

A group of Democratic lawmakers led by Senator Ron Wyden of Oregon is calling on the Federal Trade Commission to investigate ID.me, the controversial identification company best known for its work with the Internal Revenue Service.
www.cnn.com
2 years ago
Privacy professionals

IRS now lets taxpayers opt out of facial recognition after backlash

(CNN)The Internal Revenue Service will continue using controversial facial recognition software for the rest of the current tax-filing season to verify taxpayers' identities before they can log on to its website.
Nytimes
2 years ago
Privacy professionals

I.R.S. Will Allow Taxpayers to Forgo Facial Recognition Amid Blowback

WASHINGTON - The Internal Revenue Service said on Monday that it would allow taxpayers to opt out of using facial recognition technology to gain access to their online accounts and would shift to an entirely different identity verification system next year as the agency tries to alleviate backlash over its use of biometric data.
Washington Post
1 year ago
Business

Analysis | The IRS Needs Billions to Make Trillions

Regardless of how you feel about the Internal Revenue Service - it's dysfunctional, it's underfunded, or both - there's a basic point that's hard to refute: The current system to ferret out wrongdoers is terrible.And in a move that will only make it worse, House Republicans voted Monday to block new funding allocated for the agency by the last Congress.
Washington Post
1 year ago
Business

Analysis | New Retirement Rule Delaying Withdrawals Could Bite

Wealthy retirees seem to have scored big in Congress' sweeping year-end spending package.The legislation signed by President Joe Biden Thursday includes changes to retirement plans that will push up the age people are required to start withdrawing from their IRAs and 401(k)s to 73 next year from the current 72, and extend it to 75 in 2033.
Washington Post
1 year ago
Business

Analysis | FTX Users Can't Count on Help From the IRS

The FTX website on a laptop computer arranged in Barcelona, Spain, on Tuesday, Nov. 15, 2022.FTX Group named a slate of new independent directors to oversee the collapsed crypto empire and said its bankruptcy may involve more than a million creditors.(Photographer: Bloomberg/Bloomberg)When market investors suffer losses - or get taken for a ride - they're often eligible for a tax write-off to soften the blow.
Washington Post
1 year ago
Business

Analysis | Moving to a Low-Tax State Can Be an Expensive Way to Save Money

Do people really move because they think their state income taxes are too high?It's been a longstanding debate.
Washington Post
1 year ago
Business

Advice | The IRS is refunding a staggering $1.2 billion in late filing fees

There might be a check coming in the mail if you were late filing a 2019 or 2020 federal return.In a one-time offer, the IRS is refunding $1.2 billion in late filing penalties for those tax years.
Washington Post
2 years ago
Business

IRS aims to quickly fill 5,000 jobs, deploy 'surge' team to clear backlog of 24 million tax returns

The Internal Revenue Service will launch a full-court press this month to tackle its massive backlog of tax returns, aiming in the next 30 days to extend the first of 5,000 job offers and add high-tech customer support tools throughout its operations, officials said Thursday.
www.dw.com
1 year ago
US Elections

Trump tax returns to be released on Friday DW 12/28/2022

PoliticsUnited States of America 12/28/2022December 28, 2022 Donald Trump was the first presidential candidate in decades who did not make his tax returns public during either of his campaigns in 2016 and 2020.Former US President Donald Trump's tax returns will be released on Friday, a spokesperson for the House of Representatives Ways and Means Committee said on Tuesday.
www.nytimes.com
1 year ago
New York City

Mary Shannon Little, Who Prosecuted Wedtech Scandal, Dies at 65

Mary Shannon Little, who investigated and prosecuted the Wedtech scandal that sent two Bronx congressmen and a borough president to prison on corruption charges and implicated U.S. Attorney General Edward Meese III, died on Nov. 23 at her home in Brooklyn.She was 65.The cause was complications of breast cancer, which had been diagnosed three decades ago, her husband, Edward J.M. Little, said.
Los Angeles Times
1 year ago
Los Angeles

Catalytic converter theft ring that made hundreds of millions is busted, feds say

A national catalytic converter theft ring that generated hundreds of millions of dollars in revenue was taken down in an unprecedented federal investigation, the Department of Justice said Wednesday.The operation included arrests, searches and seizures in California, Oklahoma, Wyoming, Minnesota, New Jersey, New York, Nevada, North Carolina and Virginia.
Los Angeles Times
1 year ago
Los Angeles

Former Central California water manager stole $25 million in water over 23 years, prosecutors say

The former general manager of a Central Valley water district has been charged with stealing more than $25 million worth of water over 23 years, the latest development in a years-long saga of corruption and theft, federal authorities said Thursday.
www.nytimes.com
1 year ago
NYC music

Christine Farnon, Guiding Light' of the Grammys, Dies at 97

Christine Farnon, a quiet force behind the Grammy Awards who was credited with shepherding the event from a private black-tie affair to a telecast seen by tens of millions, died on Oct. 24 in Los Angeles.She was 97.The death was confirmed by her daughter, Joanna Shipley.The National Academy of Recording Arts and Sciences, which hosts the Grammys, was conceived partly in Ms. Farnon's kitchen in Hollywood Hills.
Eater SF
1 year ago
SF food

Hide Your Bread Trays: Two Bay Area Bakeries Are Going to Court Over Shipping Crates

In perhaps one of the most unexpected food-related lawsuits seen lately, it seems that two rival bread companies are embroiled in a lawsuit over...plastic bread trays.Yes, those stacking, plastic trays used to move and ship bread back and forth between bakeries and grocery stores is the center of a lawsuit Fresno-based Athens Baking Company filed against Pacific Coast Baking.
https://www.rogerebert.com/
1 year ago
Film

I Didn't See You There movie review (2022) | Roger Ebert

Reid Davenport's great film "I Didn't See You There" works on two levels simultaneously.
Nytimes
1 year ago
Cars

Fact-Checking a G.O.P. Attack Ad That Blames a Democrat for Inflation

Representative Dina Titus of Nevada has been targeted by congressional Republican leaders in their quest to win control of the House.
Fatherly
1 year ago
Fathers

The IRS Owes $1.2 Billion To 1.6 Million People - Are You One of Them?

For anyone who missed the tax filing deadlines during the pandemic, the Internal Revenue Service (IRS) might actually, surprisingly, owe you money.
Fatherly
1 year ago
Fathers

IRS 2021 Tax Deadline: What Families Need to Know

It feels like just yesterday we were preparing for the start of tax season.But the deadline is already here - for most states.
Fatherly
1 year ago
Fathers

It's Tax Day! Don't Make These 4 Mistakes When You File

April 18th is upon us, and, ready or not, it's time to file your 2021 taxes if you haven't already done so.
Truthout
1 year ago
Left-wing politics

Leak Reveals Billionaire Donor Advising GOP to Spread Lies on Dem Tax Policies

Leaked audio obtained this week by Politico revealed that billionaire casino magnate and GOP megadonor Steve Wynn recently offered Republicans a bit of messaging advice as they attempt to win back control of the Senate: Amplify the lies about Democratic tax policies.
Truthout
1 year ago
Left-wing politics

Manchin's Climate Reversal Comes With Major Caveat: Expanding Oil and Gas

Conservative coal baron Sen. Joe Manchin (D-West Virginia) announced on Wednesday that he has come to an agreement with Democratic leaders for a reconciliation bill with key climate, prescription drug price and tax reforms - with a major caveat to expand oil and gas exploration.
Truthout
1 year ago
Left-wing politics

26 of US's Richest Billionaires Paid Tax Rate Lower Than Typical Middle-Income Taxpayer in Recent Years

A new analysis of leaked Internal Revenue Service (IRS) documents shows that some of the U.S.'s wealthiest people have paid a disproportionately low federal income tax rate in recent years.
Truthout
2 years ago
Left-wing politics

Republicans' Response to Taxing the Rich? Tax the Poor.

In the new GOP platform for the midterm elections, Sen. Rick Scott (R-Florida) has laid out the Republican party's response to Democrats' rallying cry to tax the rich: slash funding for the Internal Revenue Service (IRS) and tax the poor.
www.npr.org
1 year ago
Education

For the first time in 20 years, teachers can deduct more for school supplies

Angela Pike watches her fourth grade students at Lakewood Elementary School in Cecilia, Ky., as they use their laptops to participate in an emotional check-in at the start of the school day, Thursday, Aug. 11, 2022.
Ars Technica
1 year ago
Gadgets

10 malicious Python packages exposed in latest repository attack

Researchers have discovered yet another set of malicious packages in PyPi, the official and most popular repository for Python programs and code libraries.
Nytimes
1 year ago
Non-profit organizations

Tell Us: How Does the I.R.S. Vet New Charities?

Since 1969, the Internal Revenue Service has been the gatekeeper for America's nonprofits - deciding which groups deserve tax-exempt status.
Boston.com
1 year ago
Boston

Salem man sentenced to 5 years for COVID and tax fraud schemes

A Salem man will spend five years in prison, after pleading guilty to two fraud schemes involving COVID-19 relief funds and tax returns submitted using stolen identities, according to a statement from U.S. Attorney Rachael S. Rollins
Nytimes
2 years ago
Retirement

What Retirement Means for Your Taxes

Social Security benefits and your savings can be taxed.But in general, older Americans' tax bills go down.
Nytimes
2 years ago
Retirement

When You're Tiptoeing Into Retirement, Take These Key Steps

Many older Americans like to ease into being an ex-worker - but you need to think carefully about just how to get there.
kvue.com
2 years ago
Business

Yes, you do have to pay taxes on cryptocurrency

If you sell or exchange cryptocurrency, you'll have to pay capital gains taxes.If you receive crypto as payment or if you mine it, it's taxable income.
www.npr.org
2 years ago
Tech industry

The IRS is allowing taxpayers to opt out of facial recognition to verify accounts

The IRS says taxpayers will be able to access their accounts by undergoing a virtual interview rather than have to submit a selfie Patrick Semansky/AP The Internal Revenue Service says it's giving taxpayers with individual accounts a new option to verify their identity: a live virtual interview with tax agents.
Washington Post
2 years ago
Business

IRS, stuck in backlog of tax returns, scraps plan to close major processing facility

The Internal Revenue Service on Thursday scrapped plans to close one of its three remaining tax processing centers amid a backlash over an unprecedented accumulation of unprocessed tax returns that threatens to derail the 2022 tax filing season.
Electronic Frontier Foundation
2 years ago
Privacy professionals

Privacy Experts to Federal and State Agencies: End Use of Facial Verification Services

In a that it was partnering with ID.me, a third-party identity verification service, to use facial recognition for verification of users managing many aspects of their taxes online.
Washington Post
2 years ago
Business

Trump's longtime accountant says his financial statements cannot be relied upon

Former president Donald Trump's longtime accounting firm informed his company last week that a decade's worth of Trump's financial statements "should no longer be relied upon" and suggested that any recipient of the documents be alerted, according to a copy of the letter filed in New York court filings.
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