Tag: Internal Revenue Service
As number of billionaires climbs, new calls for wealth taxes emerge
A mobile billboard calling for higher taxes on the ultra-wealthy depicts an image of billionaire businessman Jeff Bezos, near the U.S. Capitol on May [...]
Tax pros ‘horrified’ by IRS decision to destroy data on 30 million filers
courtneyk | E+ | Getty ImagesAn audit by the Treasury Inspector General for Tax Administration revealed the IRS has tossed data for millions of payers [...]
IRS insists destruction of taxpayer data won’t affect payers
alfexe | iStock | Getty ImagesFilers won't be affected by the IRS decision to destroy data for millions of taxpayers, the agency said in a statement T [...]
Over 60 million tax returns could be completed automatically, study says
Tom Werner | DigitalVision | Getty ImagesThe IRS may have the ability to automate nearly half of tax returns, according to a working paper from the Na [...]
Here’s what to do if you missed the April 18 tax filing deadline
Sergey Mironov | Moment | Getty ImagesIf you missed the April 18 tax deadline, you may cut back on penalties by filing your return promptly, according [...]
There’s a growing interest in wealth taxes on the super-rich
Sen. Ron Wyden, D-Ore., speaks during a Senate Finance Committee nomination hearing on Feb. 23, 2021.Greg Nash | Pool | ReutersAmericans increasingly [...]
How to avoid a tax filing rejection if last year’s return is pending
Drakula & Co. | Moment | Getty ImagesThe IRS is backlogged and still sifting through tens of millions of pending returns, including many of last y [...]
Meet Erin Collins, National Taxpayer Advocate for the IRS
Erin M. CollinsSource: Erin M. CollinsIf you're one of the millions of Americans grappling with IRS issues, you may not realize there's another option [...]
Super Bowl betting to top $7.6 billion. Don’t forget taxman if you win
Algerina Perna | Baltimore Sun | MCT | Getty ImagesIf you plan to drop money on a Super Bowl bet this weekend, remember the IRS will be looking for it [...]
What to do if you can’t make a required minimum distribution at Vanguard
FG Trade | E+ | Getty ImagesVanguard investors have been grappling with partial website outages over the past several days that have blocked some c [...]
How small enterprise is claiming billions in money refunds from IRS
A retailer advertises for workers, after coronavirus illness (COVID-19) restrictions had been lifted, in Santa Monica, California, June 22, 2021.Lu [...]
Mega Thousands and thousands jackpot leaps to $600 million. Right here’s the tax invoice
Drew Angerer | Getty Photos Information | Getty PhotosNo, you did not hit the $520 million Mega Thousands and thousands jackpot.The lottery recreat [...]
Many American expats are ready for his or her $1,200 stimulus checks
James Blake Wiener, an American dwelling in Zurich, continues to be ready to obtain his coronavirus stimulus test.James Blake WienerThousands and t [...]
This is how one can defend your windfall in the event you hit $277 million Powerball
In the event you beat the chances stacked towards hitting the Powerball jackpot, there's an estimated $277 million ready for you in Saturday night [...]
Turning 100? Your birthday present could possibly be an surprising tax
100 years outdated birthday cake to outdated girl aged celebration humorous humorMEDITERRANEAN | E+ | Getty PicturesYou may by no means be too outd [...]