Articles for Irs Tax

'Fake populism': Columnist pulls the lid off MAGA's plans to gut tax collection
1 week, 6 days ago

'Fake populism': Columnist pulls the lid off MAGA's plans to gut tax collection

Raw Story  

The Bulwark's Jill Lawrence on Thursday took President-elect Donald Trump and his allies in the Republican Party to task for their seeming obsession with gutting funding to the Internal Revenue Service. Among other things, Lawrence notes, the increased funding has drastically reduced the average wait times of calls to the agency and has launched a free tax-filing tool that means …

Tax Lawrence Irs Fake Populism
IRS is sending unclaimed stimulus checks to 1 million taxpayers. How to find out if you’re one of them
3 weeks, 2 days ago

IRS is sending unclaimed stimulus checks to 1 million taxpayers. How to find out if you’re one of them

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. The IRS found that “many eligible taxpayers” did …

Tax Credit Payments Irs Receive Eligible Taxpayers
A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?
Trending News
3 weeks, 4 days ago

A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?

India Today  

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the Internal Revenue Service in the coming weeks. The IRS said it’s distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns. The special payments announced by the IRS are being sent to those taxpayers who filed …

Tax Credit Payments Received Irs Receive Eligible
Santa, aka the IRS, might be dropping $1,400 into your stocking this year
3 weeks, 4 days ago

Santa, aka the IRS, might be dropping $1,400 into your stocking this year

LA Times  

Didn’t get your stimulus check in 2021? Everyone’s favorite Christmas gift giver, the Internal Revenue Service, has announced that it will be doling out more than $2 billion in checks to Americans this month as part of its effort to make sure everyone received their stimulus payments from 2021. The federal tax agency has announced that an internal review showed …

Tax Payments Americans
Is Elon Musk considering ‘deleting’ America’s Internal Revenue Service?
1 month, 2 weeks ago

Is Elon Musk considering ‘deleting’ America’s Internal Revenue Service?

Firstpost  

Elon Musk asked users on X whether the Internal Revenue Service ought to be deleted. The IRS is crucial since it is in charge of processing tax returns, conducting audits, and enforcing and administering federal tax laws Elon Musk questioned users about whether the IRS ought to be "deleted." On his microblogging platform X, Elon Musk questioned users about whether …

Tax Taxes Congress Income Revenue Elon Musk This Year
The IRS is at risk of losing $20 billion in funding without legislative intervention
1 month, 2 weeks ago

The IRS is at risk of losing $20 billion in funding without legislative intervention

Associated Press  

WEST PALM BEACH, Fla. — Already bracing for funding cuts under a new Trump administration, U.S. Treasury officials are calling on Congress to unlock $20 billion in IRS enforcement money that is tied up in legislative language that has effectively rendered the money frozen. ”If they don’t get that $20 billion that is at risk they would run out of …

Tax Congress Trump Treasury Billion Irs Agency
IRS crackdown on millionaire tax cheats nets more than $1 billion in revenue
6 months ago

IRS crackdown on millionaire tax cheats nets more than $1 billion in revenue

Salon  

The U.S. Department of the Treasury and the IRS announced that a yearlong effort under the Biden administration to crack down on delinquent rich taxpayers has reached a “major milestone,” with more than $1 billion collected as a result of the campaign. This large sum in tax debt from high-income individuals is a result of the tax agency’s $60 billion …

Billion Taxpayers Irs Tax
Tax day is underway. Here are some tips to navigate it
10 months, 1 week ago

Tax day is underway. Here are some tips to navigate it

Associated Press  

NEW YORK — April 15 is the last day to submit tax returns for 2023. Whether it’s your first time filing or you’ve been doing it for years, here are some key things to know about tax season: WHEN IS THE DEADLINE TO FILE TAXES? In general, if you make a mistake or you’re missing something in your tax records, …

Social Social Security Return Irs Deadline Receive Your Tax Return
New IRS Direct File program now available in California
10 months, 1 week ago

New IRS Direct File program now available in California

LA Times  

If you’re a California resident and haven’t done your federal tax return for 2023, you now have another, more user-friendly option online: the free Direct File service from the IRS. What makes Direct File different is that there’s no middleman and no income limit for participants — anyone can use it, provided that their tax returns use only the most …

Tax Online Income Service California Direct Free
A COVID-era program is awash in fraud. Congress aims to wind it down and expand the child tax credit
11 months, 2 weeks ago

A COVID-era program is awash in fraud. Congress aims to wind it down and expand the child tax credit

Associated Press  

WASHINGTON — When IRS Commissioner Danny Werfel met privately with senators recently, the chairman of the Senate Finance Committee asked for his assessment of a startling report: A whistleblower estimated that 95% of claims now being made by businesses for a COVID-era tax break were fraudulent. Lawmakers aim to use the savings to offset the cost of three business tax …

Fraud Tax Child Claims House Covid Businesses
IRS is ending unannounced visits to taxpayers to protect worker safety and combat scammers
1 year, 5 months ago

IRS is ending unannounced visits to taxpayers to protect worker safety and combat scammers

Associated Press  

WASHINGTON — The Internal Revenue Service said Monday it is ending its decades-old policy of making unannounced home and business visits, in an effort to help keep its workers safe and to combat scammers who pose as IRS agents. Effective immediately, revenue agents will no longer make unplanned visits to taxpayers’ homes and businesses “except in a few unique circumstances,” …

Tax Irs Agency Visits Taxpayers Unannounced Unannounced Visits
As IRS funding shrinks, California’s wealthiest can breathe a bit easier
1 year, 7 months ago

As IRS funding shrinks, California’s wealthiest can breathe a bit easier

LA Times  

California millionaires and billionaires who were set to face the full auditing firepower of a revamped Internal Revenue Service can breathe a bit easier, thanks to congressional Republicans. “More aggressive IRS enforcement would increase taxpayer costs, as they would invest more time and energy defending themselves.” Americans already spend some $14.4 billion per year on tax-preparation services alone, according to …

Policy Tax Money Congress Funding California House
When are income taxes due in 2023?
1 year, 9 months ago

When are income taxes due in 2023?

CBS News  

We may receive commissions from some links to products on this page. TurboTax Free Edition TurboTax Deluxe $39 TurboTax Premier, $69 TurboTax Self-Employed, $89 H&R Block, from $0 to $80 How to e-file your taxes in 2023 When it comes to e-filing, also known as online filing, there seem to be as many options to get the job done as …

Tax Taxes Online Income Premium 2023 Free
Michael Cohen claims Trump took Stormy Daniels hush-money payment as a tax deduction
2 years, 3 months ago

Michael Cohen claims Trump took Stormy Daniels hush-money payment as a tax deduction

Raw Story  

WASHINGTON, DC — Michael Cohen's new book Revenge: How Donald Trump Weaponized the US Department of Justice Against His Critics dropped this week and details some of the shocking ways that the former president used the government to try and silence people like Cohen. IN OTHER NEWS: Michael Cohen hands the DOJ some advice as they try to track down …

Trump Other News Donald Trump His Wife Wallace Stormy Daniels Daniels
Congress OKs Dems’ climate, health bill, a Biden triumph
2 years, 5 months ago

Congress OKs Dems’ climate, health bill, a Biden triumph

Associated Press  

WASHINGTON — A divided Congress gave final approval Friday to Democrats’ flagship climate and health care bill, handing President Joe Biden a back-from-the-dead triumph on coveted priorities that the party hopes will bolster their prospects for keeping their House and Senate majorities in November’s elections. She said the measure “meets the moment, ensuring that our families thrive and that our …

Medicare Taxes Congress White House Legislation Democrats Senate
Biden team pushes to allay concerns about tax enforcement funds
2 years, 5 months ago

Biden team pushes to allay concerns about tax enforcement funds

Al Jazeera  

US Treasury secretary directs IRS chief against using new resources to audit more households making less than $400,000. After a Republican outcry over a bill providing more funding to the Internal Revenue Service, Treasury Secretary Janet Yellen has directed the United States tax agency’s chief against using the new resources to increase audits for households making below $400,000 annually. Democrats’ …

Tax Resources Audit Treasury Democrats Senate Republican
Tougher IRS enforcement central to Dem economic package
2 years, 5 months ago

Tougher IRS enforcement central to Dem economic package

Associated Press  

WASHINGTON — After more than a decade of mostly losing out, the Internal Revenue Service may finally get the cash infusion it’s long wanted in the economic package that Democrats are working furiously to push through Congress before their August break. Sen. Tom Carper, D-Del., a longtime member of the Senate Finance Committee, said he hears the same thing from …

Tax Democratic Revenue Democrats Senate Republican Billion
EXPLAINER: How to get up to $3,600 per child in tax credit
2 years, 11 months ago

EXPLAINER: How to get up to $3,600 per child in tax credit

Associated Press  

WASHINGTON — Millions of Americans who have never filed a tax return will need to do so this year in order to claim what’s coming to them under the enhanced child tax credit. Eligible families that didn’t receive any advance child tax credit payments during 2021 can still claim the full amount of the child tax credit on their federal …

Tax Credit Taxes Payments Child Families Received
Taxpayers face overloaded IRS as filing season opens Monday
2 years, 11 months ago

Taxpayers face overloaded IRS as filing season opens Monday

Associated Press  

WASHINGTON — Count 30-year-old Ethan Miller among that subset of Americans who are actually eager to file their taxes once income tax filing season opens on Monday. “The IRS right now has unacceptable backlogs and the customer service that people are receiving is not what the American public deserves,” White House press secretary Jen Psaki acknowledged Friday. Agency officials are …

File Agency Returns Taxpayers Face Filing Season Overloaded Irs
Tax season begins two weeks early due to virus, IRS funding
3 years ago

Tax season begins two weeks early due to virus, IRS funding

Associated Press  

WASHINGTON — This year’s tax filing season will begin on Jan. 24, 17 days earlier than last year, the Internal Revenue Service announced Monday. “The pandemic continues to create challenges, but the IRS reminds people there are important steps they can take to help ensure their tax return and refund don’t face processing delays,” IRS Commissioner Chuck Rettig said. It …

Tax Irs Tax Returns Delays Rettig Processing Delays
An IRS Officer's Account of What Happens During and After an Income Tax Raid
3 years ago

An IRS Officer's Account of What Happens During and After an Income Tax Raid

The Quint  

Most people wonder what eventually happens to the cash and jewellery seized. The cash is deposited as soon as is feasible in the Personal Deposit account of the Director of Income Tax, and later to the PD account of Commissioner of the Central Circle, where the case would eventually be assessed. If the taxpayer makes an application to his tax …

Tax Income Tax Irs Cash
White House Seeks To Boost Awareness Of Checks Coming To Parents
3 years, 7 months ago

White House Seeks To Boost Awareness Of Checks Coming To Parents

Huff Post  

LOADING ERROR LOADING A top White House goal this year is to slash child poverty by sending monthly checks to parents starting in July. “We will lift half of America’s children out of poverty,” Vice President Kamala Harris said Friday, calling the anticipated policy achievement her favorite thing about her job. To that end, Harris appeared at a Washington, D.C., …

Parents Tax Credit Child Harris Irs Child Poverty
FBI to probe billionaire IRS leak that revealed Elon Musk and Jeff Bezos paid little to federal tax
3 years, 7 months ago

FBI to probe billionaire IRS leak that revealed Elon Musk and Jeff Bezos paid little to federal tax

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The FBI are opening an investigation into the leaking of …

Tax Fbi Inside Washington Washington Email Irs
President Biden seeks $80 billion to boost IRS tax audits
3 years, 8 months ago

President Biden seeks $80 billion to boost IRS tax audits

CNN  

CNN — President Joe Biden will seek $80 billion to fund enhanced Internal Revenue Service enforcement of high-earners to help pay for his American Families Plan, which he is set to unveil later this week, two sources briefed on the proposal told CNN. Biden is poised to unveil a roughly $1.5 trillion legislative proposal to invest hundreds of billions of …

Proposal Cnn Plan Rate President Biden Irs Tax