IRS budgets cuts costing the feds billions of dollars A sharp decline in funding for the tax agency has impaired its ability to audit big corporations and millionaires CBS News - Published 1 week ago
Amazon.com defeats IRS appeal in U.S. tax dispute Amazon.com Inc on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over its tax treatment of transactions with a Luxembourg.. Reuters - Published 1 week ago
Is GOP Tax Reform Dead?
In 2017, Republicans promised tax overhaul. The new law would simplify the nation's confusing tax code. People would be able to file their returns on a postcard, saving people time and making taxes..
Credit: Wochit News Duration: 00:42 Published 3 weeks ago
IRS Sets Its Sights On Bitcoin Speculators
The IRS is cracking down on cryptocurrency traders who didn’t report their earnings on their taxes. In 2018, the IRS launched a campaign to address noncompliance related to the use of virtual..
Credit: Wochit News Duration: 00:50 Published on July 28, 2019
Treasury, IRS sued over Trump's tax returns
A House of Representatives panel filed suit on Tuesday against the U.S. Treasury and the Internal Revenue Service, as it wrangled to obtain President Donald Trump's tax returns. Nathan Frandino..
Credit: Reuters Studio Duration: 01:04 Published on July 2, 2019
House Panel Sues For Donald Trumps Tax Records
A U.S. House panel filed a lawsuit demanding President Donald Trump’s individual and business tax returns. According to Reuters, the lawsuit is against the U.S. Treasury Department and Internal..
Credit: Wochit News Duration: 00:32 Published on July 2, 2019
This tool offers a new way to estimate next year's tax refund A new IRS online tool could turn out to be pretty useful for those trying to get a better handle on how much they're withholding in taxes.
USATODAY.com - Published 1 week ago
IRS goes after unpaid cryptocurrency taxes Tax collectors recently found information on 13,000 Coinbase account holders—and they're insisting on Uncle Sam's cut CBS News - Published on July 26, 2019 U.S. tax collectors urge owners of virtual currencies to pay back taxes, file amended returns The U.S. Internal Revenue Service on Friday said it was sending thousands of letters to taxpayers who failed to report virtual currency transactions, saying they may owe taxes. Reuters - Published on July 26, 2019
Mortimer Caplin, Tactful but Tough Tax Collector, Dies at 103 As I.R.S. commissioner in the Kennedy administration, Mr. Caplin promised to be “both reasonable and vigorous” and largely succeeded. NYTimes.com - Published on July 18, 2019
Trump signs IRS bill after returning from Asia — live updates It's the first time the president has appeared since his trip to Asia and meeting with North Korean leader Kim Jong Un CBS News - Published on July 1, 2019
IRS to taxpayers: Check your tax withholding now If you owed more tax when you filed this year, make adjustments now to avoid that unpleasant surprise next tax season CBS News - Published on June 28, 2019 DOJ says Congress can't force IRS to provide Trump's tax returns The Justice Department says Congress does not have a "legitimate legislative purpose" for viewing the president's tax returns CBS News - Published on June 14, 2019
The Islamic State, The Tax Refund Scam Scott Pelley reports from the front lines in the fight against ISIS in northern Iraq, and con artists have been filing bogus tax returns and collecting millions. Steve Kroft finds out how far the scam.. CBS News - Published on June 4, 2019
The top 1% income earners by state: Here's how much you need to make to qualify 24/7 Wall St. reviewed Internal Revenue Service data to identify the minimum income threshold of the top 1% of earners in each state.
USATODAY.com - Published on June 3, 2019
What's the average annual income after taxes in every state? 24/7 Wall St. analyzed IRS data to calculate average incomes after taxes. Taxes reduced incomes by as much as 33.6%, depending on the state.
USATODAY.com - Published on June 1, 2019
IRS memo contradicts Mnuchin, says agency must comply with subpoena for Trump's tax returns The memo, first obtained by the Washington Post, appears to contradict the argument that Congress needs a "legitimate legislative purpose."
USATODAY.com - Published on May 22, 2019 I.R.S. Memo Undercuts Mnuchin on Withholding Trump’s Tax Returns A draft legal memo written by agency staff members said the president must use executive privilege to block congressional requests. NYTimes.com - Published on May 22, 2019
Businesses are paying their smallest share of tax revenue since 1960 The IRS data adds fuel to criticism that corporations aren't paying their fair share. CBS News - Published on May 21, 2019 Corporate America paying lowest tax share since Eisenhower Federal income tax revenue from U.S. corporations hasn't been this low since 1960, IRS data show CBS News - Published on May 21, 2019
Congress' quest for Trump tax returns likely headed to court The Treasury Department is expected to miss the deadline for a congressional subpoena for Trump's returns. Some Democrats would like to see the treasury secretary and IRS commissioner face legal.. CBS News - Published on May 17, 2019 Congress could hold AG William Barr in contempt. How often does that happen? Past cases of contempt of Congress have involved a top White House lawyer, an attorney general and an IRS official.
USATODAY.com - Published on May 7, 2019
Gold Star widow hit with new tax bill on survivor benefits Many Americans were surprised to get a much smaller tax return this year, or find out they actually owed money to the IRS. The new tax law is also causing hardship for thousands of Gold Star families.. CBS News - Published on April 26, 2019 FBI, IRS search homes, city hall office of Baltimore Mayor Catherine Pugh The FBI and the IRS’s criminal division are searching the homes and the City Hall office of embattled Baltimore Mayor Catherine Pugh. Veuer's Justin Kircher has the story.
USATODAY.com - Published on April 25, 2019
Baltimore City Hall, mayor’s homes raided amid scrutiny over book deals Catherine Pugh, the mayor of Baltimore, is under investigation as she faces scrutiny over book deals. The FBI has confirmed it is working with the IRS. CBS News chief justice and homeland security.. CBS News - Published on April 25, 2019 FBI raids homes of embattled Baltimore mayor over book sales scandal FBI and IRS agents executed search warrants at the homes of Baltimore Mayor Catherine Pugh in the scandal over sale of her children's books.
USATODAY.com - Published on April 25, 2019
Trump attorney calls Congress a "junior-varsity IRS" Democratic lawmakers have given the Treasury Department an April 23 deadline to disclose six years of the president's tax returns CBS News - Published on April 15, 2019 Donald Trump's lawyer repeats: Don't give Trump taxes to Congress Rep. Richard Neal, chairman of the House Ways and Means Committee, gave the IRS a new deadline of April 23 to produce Trump tax documents or face a subpoena.
USATODAY.com - Published on April 15, 2019
Trump Lawyer Urges Treasury Not to Release his Tax Returns The Internal Revenue Service is facing an April 23 deadline to comply with a Congressional request. NYTimes.com - Published on April 15, 2019 You just cut a check to the IRS. So what do your taxes pay for? On Tax Day, you may be wondering where do all those hard-earned tax dollars go? Here's where.
USATODAY.com - Published on April 15, 2019
Finally, it's Tax Day: Here are the 5 things you need to know to file your taxes It's the last day to file your 2018 taxes before getting into hot water with the IRS. If you’ve procrastinated, here's what you need to know.
USATODAY.com - Published on April 15, 2019 House Democrat sets new deadline for release of Trump's tax returns Richard Neal set a new deadline for the IRS to furnish the committee with the president's tax returns: 5 p.m. on April 23 CBS News - Published on April 13, 2019
Where and how to mail your federal tax return There’s no one IRS address. The one you use depends on where you’re filing from. Here’s where to send yours.
USATODAY.com - Published on April 13, 2019 Not ready yet to file your taxes? Time to get an extension Don't feel pressured to get your return in by April 15 -- but be sure to follow the appropriate IRS rules CBS News - Published on April 12, 2019
New York Democrats lead effort for Trump's state tax returns "We have Donald Trump's tax returns here in the state of New York and we can provide them to Congress if the IRS, if the Treasury Department won't," N.Y. state Sen. Brad Hoylman told CBS News CBS News - Published on April 11, 2019 Social security phone scam costing victims millions The FTC said the old IRS scam took in $17 million in its peak. A new social security scam is already up to $19 million CBS News - Published on April 11, 2019
Average tax refund is little changed at $2,833, IRS chief says Most taxpayers feel their taxes haven't gone down under the new tax laws, and many believe they are paying more CBS News - Published on April 11, 2019 What taxpayers should know about the new IRS Form 1040 New "postcard-size" form now has just 23 lines, but many taxpayers must complete one or more of six new schedules CBS News - Published on April 10, 2019
IRS commissioner still working on letter regarding Trump taxes "We have received the letter, we're working on the letter with counsel, we anticipate to respond," Rettig testified CBS News - Published on April 10, 2019 Shouldn't it be easier — and cheaper — to file taxes? For-profit tax preparation industry wants to limit how much the IRS can do when it comes to creating a free electronic tax filing system.
USATODAY.com - Published on April 10, 2019
Meghan Markle and her baby will be liable for U.S. taxes The Duchess of Sussex and her baby will have to report their finances to the IRS, potentially exposing them to scrutiny CBS News - Published on April 9, 2019 Last-minute tax tips In our Eye on Money series, we talk about the rush to file tax returns. There is less than a week left for many people to meet the April 15 deadline. Massachusetts and Maine residents have until the.. CBS News - Published on April 9, 2019
Another tax headache ahead: IRS is changing paycheck withholdings and it'll be a doozy The IRS is changing how you adjust your paycheck withholdings, and it won’t be easy.
USATODAY.com - Published on April 9, 2019 Small business owners struggling to understand the new tax law The IRS estimated nearly 8 million LLCs will request extensions this year CBS News - Published on April 5, 2019
Cat food and tanning oil? 6 outrageous tax deductions the IRS approved Many Americans get creative with deductions to reduce their tax bill. Here are six the IRS approved and four that didn’t pass the smell test.
USATODAY.com - Published on April 5, 2019 Trump Asked That Confirmation of I.R.S. Counsel Be a Priority The request raised questions about whether the president had other motivations. For months, he has seethed over vows by congressional Democrats that they would move to obtain his tax returns from the.. NYTimes.com - Published on April 4, 2019
House committee seeks Trump tax returns from IRS U.S. House Ways and Means Committee Chairman Richard Neal has asked the Internal Revenue Service to provide six years of President Donald Trump's personal and business tax returns. Reuters - Published on April 3, 2019 Democrats officially demand President Trump's taxes from IRS Democrats have sent a letter to the IRS demanding President Donald Trump's personal tax returns and the returns for his businesses and trust.
USATODAY.com - Published on April 3, 2019
Top Democrat formally requests 6 years of Trump's tax returns The Democratic chairman of the House Ways and Means Committee sent a formal request to the IRS requesting six years of returns CBS News - Published on April 3, 2019 How large is the average federal tax refund in each state? Check this list Delaware had the highest average federal tax refund, and Montana had the lowest, according 24/7 Wall Street's analysis of the 2917 IRS Data Book.
USATODAY.com - Published on April 3, 2019
Where does the IRS audit the most? Poor, rural counties Taxpayers in poor U.S. counties are more likely to get audited by the agency than people in rich areas CBS News - Published on April 2, 2019 How to pay your tax bill and options if you don't have the money, or need an extension If you owe the IRS money this tax season, you several ways to pay your tax bill, both now and later. Here's what to know.
USATODAY.com - Published on April 1, 2019 Owe the IRS? It could cost you your house Economist Stephen Moore is fighting a $75,000 debt to the IRS. He's one of many reluctant payers tax collectors deal with every year. CBS News - Published on March 29, 2019