Posts filtered by tags: Internal Revenue Service[x]


 

House committee cancels shutdown hearing after Mnuchin declines to appear

Treasury Secretary Steve Mnuchin has declined to appear before the House Ways and Means Committee on Thursday to testify on 36,000 Internal Revenue Service employees being called back to work without pay, a committee aide told CNN on Wednesday.
Tags: Cnn, House, Treasury, Internal Revenue Service, House Ways and Means Committee, Mnuchin, Steve Mnuchin


Uber’s CEO says ‘the most needy’ furloughed government workers are starting to drive for the company, but that this isn't how it wants to recruit

Furloughed federal workers are turning to Uber in order to make ends meet amid the government shutdown.  In Davos, the company's CEO acknowledged the inflow, and told CNBC it's "definitely not" how it wants to recruit.  Ride-hailing apps are a popular way for people to make money between jobs.    The US government has now been shut down for more than a month. That’s left hundreds of thousands of federal workers without a source of income, many of whom have turned to driving for Uber in ord...
Tags: London, Ipo, US, Trends, Davos, Washington Dc, Associated Press, Cnbc, Ogden Utah, World Economic Forum, Davos Switzerland, Internal Revenue Service, Dara Khosrowshahi, Khosrowshahi, ABC7 News, Tiauna Guerra


WaPo: Shutdown leads IRS employees to skip work, which could delay tax refunds

Hundreds of Internal Revenue Service workers dealing with financial hardship were given permission to miss work during the partial government shutdown, which could slow the federal government's ability to process taxpayer refunds, according to The Washington Post.
Tags: News, Stories, Irs, Internal Revenue Service, WaPo


Washington Post: Government shutdown leads hundreds of IRS employees to skip work -- which could delay tax refunds

Hundreds of Internal Revenue Service workers dealing with financial hardship were given permission to miss work during the partial government shutdown, which could slow the federal government's ability to process taxpayer refunds, according to The Washington Post.
Tags: Washington Post, Cnn, Irs, Internal Revenue Service


Donor advised funds and donation bunching get renewed interest in wake of tax reform

Each year on this federal holiday honoring the Rev. Dr. Martin Luther King Jr., people across the United States volunteer at their favorite nonprofit services provider. Others opt to donate to charitable causes that support the goals of Dr. King and MLK Day. Here's a look at how recent tax law changes have shifted some of those donation choices and giving methods. Charities cheered when they were spared the limitations imposed by the Tax Cuts and Jobs Act (TCJA) on many popular itemized deduc...
Tags: Taxes, United States, Martin Luther King Jr, Irs, Internal Revenue Service, Andrew Friedman, DAF, National Philanthropic Trust, TCJA, Austin Woman Worth


Shutdown Hits Industries Nationwide

The partial government shutdown is affecting a wide range of business and financial concerns nationwide. From a report: Shuttered government offices are stalling the approval of new loans, initial public offerings, the processing of tax documents, and the approval of new products such as prescription drugs, among other effects. While some programs are reopening on a temporary basis or providing workarounds for affected companies, most services won't return to normal until the government fully re...
Tags: Ipo, Tech, Airlines, Securities And Exchange Commission, U S Food and Drug Administration, Internal Revenue Service, Small Business Administration, Delta Air Lines Inc, Ed Bastian


United States: Interim Guidance Released On Excise Tax On Executive Compensation Paid By Tax-Exempt Organizations - Proskauer Rose LLP

The Department of the Treasury and the Internal Revenue Service recently released Notice 2019-09 (the "Notice"), which provides interim guidance under Section 4960 of the Internal Revenue Code.
Tags: News, United States, Treasury, Internal Revenue Service, Tax Exempt Organizations Proskauer Rose LLP


Leaked numbers reveal massive revenue growth at $3 billion Google-backed startup UiPath (GOOGL)

UiPath, an artificial intelligence company backed by Google and Sequoia, will soon hit $200 million annual recurring revenue, sources told Business Insider. Though founded in 2005, the company had just $3.5 million in ARR in 2016.  The company, which is backed by Accel, CapitalG and Sequoia, was last valued at $3 billion in a September funding round. The buzzy and well-funded $3 billion artificial intelligence startup UiPath will soon hit $200 million in annual recurring revenue, sources told...
Tags: Google, Lyft, US, Trends, David, Army, Romania, Silicon Valley, Accel, Sequoia, Internal Revenue Service, ARR, UiPath, PitchBook Alphabet


For Furloughed Worker, Isolation, Hit To Self-Worth Hurt As Much As Lost Pay

NPR's Lulu Garcia-Navarro talks to Jaime, a tax examiner with the Internal Revenue Service, about the toll the government shutdown is taking on her mental health.
Tags: News, Npr, Internal Revenue Service, Jaime, Lulu Garcia Navarro


A conspiracy of dunces

Just before Christmas, a story broke that seemed too strange — and too hypocritical — to be true. As Democratic Party elders were trying to stifle loutish impeachment threats by fanatical House freshmen, it was revealed that Democratic operatives had used cyber fraud to manipulate the 2017 Alabama Senate race. It’s hard to know precisely who masterminded the plot because the perpetrators have lawyered up and are pointing fingers at one another. But according to the New York Times and subsequent ...
Tags: Google, Supreme Court, Putin, Obama, California, Washington Post, Opinion, Russia, Alabama, Usda, Sport, Fbi, Soccer, Gop, Hillary Clinton, United States


Unemployment benefits are taxable income

As the longest federal government shutdown in U.S. history drags on with no end in sight, furloughed workers are looking at any and all ways to pay their bills. Some have taken hardship withdrawals from their workplace retirement accounts. Thousands of others have applied for unemployment. Few of us can blame folks who are struggling financially for taking these steps. At some point, many of us or our family members and friends have done the same. There's no shame in taking available help when ...
Tags: Taxes, Congress, District Of Columbia, Irs, Fed, Don, Office of Personnel Management, Internal Revenue Service


Treasury's Mnuchin declines to testify before House panel on shutdown

Treasury Secretary Steven Mnuchin on Thursday declined a request by the Democratic chairman of the U.S. House of Representatives tax committee to testify next week about the partial government shutdown's impact on the upcoming federal tax filing season. In a letter to House Ways and Means Committee Chairman Richard Neal, the Treasury Department offered to send senior officials "who are most knowledgeable" about the department's plans during the shutdown. The Internal Revenue Service said this ...
Tags: News, House, Treasury, Internal Revenue Service, U S House of Representatives, House Ways and Means Committee, Richard Neal, The Treasury Department, Mnuchin, Steven Mnuchin


Restaurants offer free or discounted meals to federal employees affected by the shutdown

Truffle Mac ‘N Cheese with the option to add crawfish and herb butter or miso-roasted squash, are typical menu items at Tackle Box. The restaurant is offering offering a 25 percent discount to federal workers through January.(Courtesy of Tackle Box) Steak and Egg with grilled hangar steak, tomato, broccolini is a typical menu item at Tackle Box which is offering a 25 percent discount to federal workers through January. (Courtesy of Tackle Box) Sound The gallery will resume in seco...
Tags: Navy, Restaurants, Sport, Turkey, Things To Do, Soccer, Cypress, Tsa, Southern California, San Bernardino, Hunter, Philly, Tom, Slater, Denny, Coast Guard


IRS to waive under-withholding penalties for some taxpayers after Trump tax changes

The Internal Revenue Service will waive penalties against taxpayers who withheld too little of their pay for taxes last year.            [Author: USA TODAY]
Tags: Usa, News, Usa Today, Irs, Trump, Internal Revenue Service


As Shutdown Drags On, Some Step Up to Help Unpaid Federal Workers

Restaurants have fed them for free. Banks have suspended late fees on their credit cards. And at airports, they’ve been offered hugs, encouragement and casseroles.
Tags: News, Philanthropy, Transportation Security Administration, Federal Aviation Administration, Internal Revenue Service, United States Coast Guard, United States Politics and Government, United Way of America, Chicago (Ill, Shutdowns (Institutional, Denver (Colo, Tampa (Fla, Government Employees, Food Banks and Pantries


IRS to waive penalties for under-withholding after Trump tax changes

The Internal Revenue Service will waive penalties against taxpayers who withheld too little of their pay for taxes last year.            [Author: USA TODAY]
Tags: Usa, News, Usa Today, Irs, Trump, Internal Revenue Service


IRS calling back half its employees to process returns and issue taxpayer refunds

IRS headquarters image by Kari Bluff via Flickr Creative Commons The Internal Revenue Service has some good news for taxpayers and sort of good news for its staff. The agency is calling back more than half — specifically, 46,052 or almost 55 percent of its more than 80, 265 — employees. These are workers who, according to the updated government shutdown contingency plan issued Jan. 15 by the Treasury Department, are necessary for the IRS "to continue return processing activities to the ex...
Tags: Taxes, Treasury, State Department, Sam, Irs, Internal Revenue Service, Treasury Department, National Air Traffic Controllers Association, Criminal Investigation, Reardon, NTEU, National Treasury Employees Union, Tony Reardon, Kari Bluff


Shutdown could revive tax refund advance products

Even in the best of tax times, folks are impatient when it comes to getting their refunds. They want them yesterday, looking to collect on the forces savings account they created when they intentionally had too much put into their paycheck withholding. Then comes 2019, where every day it's looking more like parts of the federal government, including the Internal Revenue Service, will be in shutdown mode when the annual tax return filing season starts on Jan. 28. While the Treasury Department an...
Tags: Taxes, RAC, Sam, Irs, Fed, Don, Internal Revenue Service, Bankrate, Consumer Federation of America CFA, The Treasury Department, National Consumer Law Center NCLC, NCLC CFA


IRS orders 36,000 furloughed employees to return to work without pay

The Internal Revenue Service is bringing back tens of thousands of additional federal employees with less than two weeks before tax filing season begins.
Tags: Cnn, Irs, Internal Revenue Service


IRS orders furloughed workers back, without pay

The Internal Revenue Service is bringing back tens of thousands of additional federal employees with less than two weeks before tax filing season begins.
Tags: News, Stories, Irs, Internal Revenue Service


IRS recalls 46,000 workers to handle tax returns on unpaid basis

The Internal Revenue Service is recalling about 46,000 of its employees furloughed by the government shutdown — nearly 60 percent of its workforce — to handle tax returns and pay out refunds.
Tags: Irs, Internal Revenue Service


The IRS is recalling 46,000 workers to handle tax returns

WASHINGTON (AP) — The Internal Revenue Service is recalling about 46,000 of its employees furloughed by the government shutdown — nearly 60 percent of its workforce — to handle tax returns and pay out refunds. The employees won't... [Author: [email protected]]
Tags: Business, Washington, Ap, Irs, Internal Revenue Service


APNewsBreak: IRS recalling 46,000 workers to handle taxes

WASHINGTON (AP) — The Internal Revenue Service is recalling about 46,000 of its employees furloughed by the government shutdown — nearly 60 percent of its workforce — to handle tax returns and pay out refunds. The employees won't... [Author: [email protected]]
Tags: Business, Washington, Ap, Irs, Internal Revenue Service


IRS Recalls 46K Workers From Furlough To Handle Tax Returns Without Pay

WASHINGTON (AP) — The Internal Revenue Service is recalling about 46,000 of its employees furloughed by the government shutdown — nearly 60 percent of its workforce — to handle tax returns and pay out refunds. The employees won’t be paid. With the official start of the tax filing season coming Jan. 28, the Trump administration has promised that taxpayers owed refunds will be paid on time, despite the disruption in government services caused by the partial shutdown now in its fourth week. There...
Tags: News, Congress, Washington, Ap, Donald Trump, Irs, Trump, Internal Revenue Service, Treasury Department, Congress Last, National Treasury Employees Union, Summer Concepcion


IRS recalls workers for tax refunds, without pay

The Internal Revenue Service is recalling tens of thousands of additional federal employees with less than two weeks before tax filing season begins.
Tags: News, Stories, Irs, Internal Revenue Service


IRS recalls 36,000 more workers to process tax refunds -- without pay

The Internal Revenue Service is recalling tens of thousands of additional federal employees with less than two weeks before tax filing season begins.
Tags: Cnn, Irs, Internal Revenue Service


F.A.A. Recalls Thousands of Workers to Address Air Safety Concerns

The Federal Aviation Administration said it was bringing back some furloughed workers in order to ensure the safety of the air travel system.
Tags: News, Food And Drug Administration, Air Traffic Control, Federal Aviation Administration, Internal Revenue Service, United States Politics and Government, Shutdowns (Institutional, Aviation Accidents, Safety and Disasters


Where IRS offices are closed and the tax services that we're not getting during the shutdown

Internal Revenue Service offices nationwide, like this one in New York City, are closed due to the ongoing federal government shutdown. (Photo by Matthew Bisanz via Wikipedia Commons) Most of us don't have personal interactions with the Internal Revenue Service. We simply do our taxes every year, send them to the federal tax collector and move on with our lives. It's a different story in many places across the country. Those places have physical IRS offices where friends and family usually ...
Tags: Texas, Taxes, New York City, United States, District Of Columbia, Irs, Fed, Lone Star State, Internal Revenue Service, Treasury Department, Austin IRS, Taxpayer Assistance Centers, Wikipedia Commons Most, Matthew Bisanz


United States: Tax Return Theft: Tips For Prevention & Response - Lewis Brisbois Bisgaard & Smith LLP

As the Internal Revenue Service warned tax professionals last month, malicious actors are currently attempting to hack into tax preparers' networks to steal 2019 tax return information
Tags: News, United States, Internal Revenue Service, Lewis Brisbois Bisgaard, Smith LLP


Free File 2019 is open with taxpayer protection upgrades

Longest U.S. federal government shutdown in history be damned! That's apparently the Internal Revenue Service's motto this year. It announced last week that it will start working on our 2018 tax returns — and issue any related refunds — this filing season, which is set to start on Monday, Jan. 28, even if it's technically still operating in modified shutdown mode. The IRS underscored that commitment on Friday, Jan. 11, when it announced that taxpayers who qualify to use Free File can now access...
Tags: Taxes, Wyoming, Irs, Internal Revenue Service, Rettig, Free File, VITA TCE, Credit Federal, Both the IRS



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