Posts filtered by tags: Internal Revenue Service[x]


NRA reportedly looted by its famous faces and in deep financial trouble

At The New Yorker, Mike Spies writes that the NRA is not quite the vigorous pressure group under regulatory siege that it portrays itself as. It is a fundraising scheme being looted by its own leadership. Even as the association has reduced spending on its avowed core mission—gun education, safety, and training—to less than ten per cent of its total budget, it has substantially increased its spending on messaging. The N.R.A. is now mainly a media company, promoting a life style built around lov...
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How do you pay taxes on bitcoin? Congress demands explanation

Lawmakers seek information from IRS, saying American taxpayers face ‘unacceptable’ ambiguity over cryptocurrencyUS lawmakers asked the the Internal Revenue Service how US residents should pay taxes on bitcoin and other cryptocurrencies, in a remarkable letter that shows just how unregulated the cryptocurrency space remains.More than a decade after bitcoin was first introduced, the IRS has released just one public notice on how to pay taxes on digital holdings. That lack of guidance is leaving Am...
Tags: Bitcoin, US taxation, Cryptocurrencies, Technology, US news

Battle over Trump tax returns could extend into 2020 election

Democratic Party leaders, who took control of the House in November, have recently stepped up pressure on Trump to release tax records from 2013 to 2018, which legal experts said could shed light on the president's business dealings. Richard Neal, chairman of the House Ways and Means committee, which oversees tax matters, has given the Internal Revenue Service until April 23 to produce the documents. Trump's personal lawyer, William Consovoy, in a letter to the Treasury Department on Monday, a...
Tags: News, House, Trump, Democratic Party, Internal Revenue Service, Treasury Department, House Ways and Means, Neal, Richard Neal, William Consovoy

How Uncle Sam is spending our taxes in FY 2018-2019

Feeling pretty good today, are you? You got your taxes done and to the Internal Revenue Service on Tax Day. Now you can shift from complaining about doing your taxes to complaining about how they are spent. Here, direct from the U.S. Treasury is a graphic look at where our tax dollars went in fiscal year 2018, which ended Sept. 30, 2018. Source: U.S. Treasury final monthly statement for fiscal year 2018 Click graph for a larger image In addition to this graphic, the 36-page statement in...
Tags: Taxes, Washington, White House, New York City, Social Security, Medicare, Sam, U S Treasury, Internal Revenue Service, Uncle Sam, Riedl, Manhattan Institute, Brian Riedl

Deadly weekend storms disrupt Tax Day 2019

Two tornadoes struck the small East Texas town of Alto on Saturday, April 13. The National Weather Service confirmed on Sunday that the first was an EF-2 tornado and the second was an EF-3. Click image to see video from Disaster Compilations on YouTube. There are some things more important than taxes on April 15, 2019. Too many folks in the southern half of the United States are dealing with the loss of family and friends after a deadly weather system moved across that region over the wee...
Tags: National Weather Service, Taxes, Congress, White House, Alabama, United States, Iowa, Fema, Nebraska, Ira, Irs, East Texas, Federal Emergency Management Agency FEMA, Internal Revenue Service

Tax Day 2019: final filing tips, freebies & a radio break

Giphy It's finally here! Tax Day 2019. Congratulations to all y'all who survived this first filing season under the new Tax Cuts and Jobs Act (TCJA) provisions. We all deserve a hearty pat on the back. A hug. A drink, potent as the Jeopardy category goes, or not. Some freebies. I'll take one of the massages, thank you. A Major League Baseball break. Patriots Day and celebrants in Maine and Massachusetts get more tax-filing time so they can, among other things, enjoy today's Jackie Robinson Day...
Tags: Taxes, Massachusetts, Maine, Boston Marathon, Npr, Major League Baseball, Don, Internal Revenue Service, Michelle Martin, Jackie Robinson Day, Red Sox Orioles

YC alum Keeper raises $1.6M to help gig workers pay taxes

Every year around this time, Uber drivers, Wag dog walkers, Bird scooter chargers, social media influencers and other gig economy workers face the unsightly challenge of paying their taxes. Companies like Uber and Lyft classify their drivers as independent contractors, which means you aren’t given any benefits and the company doesn’t withhold any of your taxes. This puts gig workers in a tough position come tax day, especially if they aren’t prepared to shell out big sums to the IRS. Ke...
Tags: Startups, Lyft, Uber, Y Combinator, Spotify, Craigslist, Finance, San Francisco, Chief executive officer, Tech, Tax, Sms, Chicago, United States, Transport, Venture Capital

On Tax Day: The IRS Is Short Of Money

The Internal Revenue Service's budget has been cut sharply over the last decade. That means fewer audits and a growing likelihood that other taxpayers are not paying what they owe.
Tags: News, Irs, Internal Revenue Service

5 tax tips for snail mail filers

Photo by Coolcaesar via Wikipedia Commons   Two American institutions that regularly catch a lot of flak find that they are good partners each April. I'm talking, of course, about the Internal Revenue Service and U.S. Postal Service. True, software-assisted return prep and e-filing by individual taxpayers or the tax preparers they hire now is the dominant way we get our 1040s to the IRS every year. Most of the 50 million yet-to-file taxpayers, who are this week's By the Numbers honorees, w...
Tags: Taxes, Post Office, Usps, Irs, Don, Internal Revenue Service, Uncle Sam, U S Postal Service, U S Post Office, Coolcaesar, Wikipedia Commons Two American, U S Postal Service True

Shocked by Your Tax Refund? Next Year Could Be Worse Unless You Act Now

Fewer taxpayers have received refunds so far this year, and refunds are smaller. Now is the time to check your paycheck withholdings.
Tags: News, Income Tax, Tax credits, Internal Revenue Service, Personal Finances, Federal Taxes (US, Deductions and Exemptions, Tax Preparers and Preparation, Rebates and Refunds, H&R Block Inc

Democrats demand Trump tax returns by April 23

Democratic lawmakers on Saturday gave the Internal Revenue Service a final deadline of April 23 to hand over President Donald Trump's tax returns, which Treasury Secretary Steven Mnuchin said the administration was diligently considering. On Wednesday, Mnuchin said the Treasury was handling the request and that a deadline set for that date would be missed, citing possible constitutional issues raised by the Democratic request.
Tags: News, Treasury, Donald Trump, Internal Revenue Service, Mnuchin, Steven Mnuchin

Democrat Sets April 23 Deadline for IRS to Send Trump Taxes

Neal, a Massachusetts Democrat, sent a second letter to the Internal Revenue Service on Saturday, asking for six years of Trump’s personal and business returns. “Please know that, if you fail to comply, your failure will be interpreted as a denial of my request,” Neal wrote.
Tags: News, Massachusetts, Irs, Trump, Internal Revenue Service, Neal, Trump Taxes

Feeling the tax filing crunch? Get an extension

The time left until Tax Day is tick, tick, ticking away. If you're feeling like silent movie legend Harold Lloyd (pictured above), hanging on by your fingernails as you try to get your tax filing act together, I have some good news and some bad news. The bad news is that there's no way to stop the tax deadline clock. The good news is you can get an extension to file your 1040. By filing for an extension, the Internal Revenue Service will give you six more months, up to Oct. 15, to submit your r...
Tags: Taxes, Massachusetts, Maine, Usps, Irs, United States Postal Service, Internal Revenue Service, Austin TX, United Parcel Service, PDS, DHL Express, Electronic Federal Tax Payment System, Harold Lloyd, Sam Just, Rulon White Blvd Ogden, DHL Import Express

Gregory Craig: former White House counsel for Obama indicted – as it happened

Craig indicted for allegedly making false statements to MuellerTop Democrats reiterate demand for unredacted Mueller report Sanders raises $18.2m in three months, leaping ahead of competitorsSign up for the US briefing and get a new perspective 1.31am BST Thanks for reading along! These are the key events from this evening: Related: Jussie Smollett: actor refuses to reimburse city for investigation costs 12.44am BST It wasn’t that long ago that Michael Avenatti was eyeing a president...
Tags: South Korea, Obama, North Korea, White House, US, Los Angeles, World news, US news, Asia Pacific, US politics, Donald Trump, Irs, Craig, Sanders, Jussie Smollett, Internal Revenue Service

What Originators Should Know About Taxes and Reverse Mortgage Borrowers

Reverse mortgage originators are not typically in a position to answer tax questions from their clients, but that doesn’t mean borrowers won’t have tax questions to ask, and it can help for originators to know where to point borrowers for the information they will need should those questions arise. While the following information could be useful for reverse mortgage originators, clients should always be advised to talk with a Certified Public Accountant (CPA) or other certified tax profession...
Tags: Featured, News, Education, Finance, Medicaid, Irs, Ssi, Cpa, Internal Revenue Service, Bellingham Wash, Internal Revenue Service IRS, Braley, Brandi Braley, Medicaid Unspent

U.S. presidential hopeful Warren proposes new corporate profit tax

Warren's proposal would apply the new tax to the profits reported to shareholders, instead of the amounts companies already report to the Internal Revenue Service. Under her proposal, companies' first $100 million in profit would be exempt from the new tax, which would be in addition to existing corporate taxes that companies pay. Warren specifically targeted and Occidental Petroleum as two companies that are not paying enough in corporate taxes and would be forced to pay more under...
Tags: Amazon, Science, Warren, Internal Revenue Service, Occidental Petroleum

Don't make these 10 tax-filing mistakes

Federal and most state, tax returns are due in few days. Don't panic! You still have time to finish your return (or get an extension). If you do decide to just be done with your Form 1040 — new, but not necessarily improved this year under Tax Cuts and Jobs Act (TCJA) changes — make sure you don't make any of these common filing errors in your rush to finish. For the most part, tax software has helped eliminate a lot of mistakes. Still, we're not yet at the total tax automation point yet. And t...
Tags: Taxes, Massachusetts, Maine, Social Security, Social Security Administration, Sam, Irs, Don, Internal Revenue Service, EITC, Social Security Administration SSA, TCJA, SSA ASAP, IRS Incorrect

US lawyer Avenatti indicted on theft, fraud, other charges

Michael Avenatti, the flamboyant lawyer who represented porn star Stormy Daniels in her legal battle with US President Donald Trump, has been indicted on charges of theft, fraud and tax evasion, authorities said Thursday. Prosecutors say Avenatti stole millions of dollars from his own clients and kept millions of dollars in employment taxes that his coffee company should have paid to the Internal Revenue Service. The 36-count indictment by a federal grand jury exposes Avenatti to up to 333 yea...
Tags: News, US, Donald Trump, Stormy Daniels, Internal Revenue Service, Central District of California, Michael Avenatti, Avenatti, Nick Hanna

Avenatti Charged With Stealing Millions From Clients, Fraud, Cheating On Taxes

LOS ANGELES (AP) — Attorney Michael Avenatti has been charged in a 36-count federal indictment alleging he stole millions of dollars from clients, did not pay his taxes, committed bank fraud and lied in bankruptcy proceedings, federal prosecutors in California said Thursday. Avenatti, 48, was indicted late Wednesday by a Southern California grand jury on a raft of additional charges following his arrest last month in New York on two related counts and for allegedly trying to shake down Nike for ...
Tags: New York, News, California, Los Angeles, Nike, Ap, Associated Press, Johnson, Donald Trump, Indictment, Irs, Southern California, Trump, Los Angeles County, Stormy Daniels, Internal Revenue Service

Attorney Avenatti faces new criminal charges in California

LOS ANGELES — Federal prosecutors said Thursday that attorney Michael Avenatti has been charged in a 36-count federal indictment in Southern California. Details of the case were scheduled to be made public at a midmorning news conference by U.S. Attorney Nick Hanna and the Internal Revenue Service, Hanna’s office said in a statement to news […]
Tags: Crime, News, California, Los Angeles, Nation, Southern California, Internal Revenue Service, Hanna, Nation & World, Nation & World Politics, Michael Avenatti, Avenatti, Nick Hanna

Tax Day 2019: No time to file? Here’s what to know about getting an extension

When it comes to taxes, most will gather up receipts and financial statements ahead of time in order to meet the April 15 filing deadline, removing that stress quickly from their lives. But it’s not always that easy. Some taxpayers — owing to displaced documents, time constraints, procrastination or the sheer complexity of their financial situation — can’t pull it together in time. So they file for an extension. Here are some things to keep in mind before you seek an extension: The Internal Reve...
Tags: Personal Finance, Business, Taxes, Sport, Soccer, Irs, Consumers, Trump, Internal Revenue Service, Tustin, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun

Michael Avenatti charged with stealing clients' payouts in massive fraud case

Attorney Michael Avenatti has been charged in a 36-count federal indictment alleging he stole millions of dollars from clients, did not pay his taxes, committed bank fraud and lied in bankruptcy proceedings. Avenatti, 48, was indicted late Wednesday by a Southern California grand jury on a raft of additional charges following his arrest last month in New York on two related counts and for allegedly trying to shake down Nike for up to $25 million. The attorney best known for representing porn act...
Tags: New York, News, California, Nike, Associated Press, Johnson, Donald Trump, Irs, Southern California, Trump, Los Angeles County, Stormy Daniels, Internal Revenue Service, Daniels, Biloxi Mississippi, The IRS

8 College Courses That Will Make You Rich

Growing up, you were probably given the idea that doing well in school can help you succeed later in life. It’s one good reason why you try really hard to learn your lessons, study for your exams, and pass your classes with flying colors. While you can get a good degree, find a well-paying job, work until you’re in your 60s, and then retire to enjoy the life you’ve deferred for 40+ years, you may still end up feeling unsatisfied. It’s still not the successful, secure, and financially sound life ...
Tags: Money, College, Lifehacks, Oscar Wilde, Ernest Hemingway, Henry David Thoreau, Internal Revenue Service, Robert owner of Flimjo

The Tax Filing Software Bill That's Pissing People Off Is Both Better and Worse Than It Seems

There are few things as assuredly miserable as filing taxes, in part because filing taxes is unnecessarily complicated and also because the Internal Revenue Service’s customer service, you know, sucks. Read more...
Tags: Science, Taxes, House, Irs, Internal Revenue Service, Death And Taxes, Alexandria Ocasio Cortez

IRS head: Average 2018 tax refund, $2,833, close to earlier

WASHINGTON (AP) — The head of the IRS, overseeing the most sweeping overhaul of the U.S. tax codes in three decades, says the average refund in this year’s tax-filing season, $2,833, worked out to be close to last year’s. Internal Revenue Service Commissioner Charles Rettig told Congress Wednesday that an increase is urgently needed in […]
Tags: Business, News, Congress, Washington, Ap, Nation, Irs, Internal Revenue Service, Charles Rettig

Congress to I.R.S.: Don’t Even Think of Helping Taxpayers

Congress could free most Americans from the annual drudgery of filling out tax forms. Instead, it’s trying to lock the current system in place.
Tags: News, Congress, Senate, Income Tax, House Of Representatives, Estonia, Internal Revenue Service, Intuit Inc, Tax Preparers and Preparation

One April Tax Day, 10 tax tasks

Tax Day every April is the biggie for individual taxpayers. That's when our annual Form 1040 is due. And yes, I know this year there are two Tax Days, since Patriot Day celebrants in Maine and Massachusetts get until April 17 to send in their federal returns. But most of us must meet the April 15 deadline, so that's what I focus on in this post. Completing a 1040, however, is not the only mid-April tax deadline.  It's just one of the 10 tax tasks listed below that many taxpayers also must make ...
Tags: Taxes, Washington, White House, Massachusetts, United States, Wyoming, New Hampshire, Maine, Tennessee, Ira, Irs, Bsa, Don, Houston Chronicle, Internal Revenue Service, Roth

The government is about to permanently bar the IRS from creating a free electronic filing system

Thanks to pressure from tax preparation industry, Congress is getting ready to ban the Internal Revenue Service from ever building a free electronic tax filing system. As ProPublica reports, the effort is a bipartisan one. The House Ways and Means Committee, led by Massachusetts Democrat, Richard Neal, passed the Taxpayer First Act. The bill would make changes to the IRS and is sponsored by Georgia Democratic Congressman John Lewis and Mike Kelly, a Republican from Pennsylvania. One of its...
Tags: TC, John Lewis, Congress, Massachusetts, Tech, Georgia, Tax, Pennsylvania, Intuit, Irs, Federal Government, Internal Revenue Service, Mike Kelly, Neal, Turbotax, H&R Block

Tax audit odds are low, but if it happens be prepared

Photo by Will Keightley via Flickr CC Afraid you'll face an Internal Revenue Service audit? Don't bet on it, says a veteran oddsmaker. The tax audit odds for 2019 will be approximately 1 in 172, says's James Murphy, a sportsbook consultant and specialist in novelty betting odds. 25% of filers worry about audits: That slim audit possibility, however,  didn't seem to affect folks who participated in a LexingtonLaw survey conducted before this tax season started. The Salt...
Tags: Taxes, NFL, Harvard, Salt Lake City, Major League Baseball, Irs, James Murphy, Don, Murphy, Internal Revenue Service, Will Keightley, Qualifying for Mensa, Specific IRS

To Get Trump’s Tax Returns, N.Y. Democrats Try a New Strategy

A new bill being introduced Monday in Albany would allow New York tax officials to release state tax returns to congressional committees.
Tags: New York, News, United States, Income Tax, Albany, New York State, Taxation, Cuomo, Trump, Democratic Party, Internal Revenue Service, Law and Legislation, Politics And Government, Donald J, State Legislatures, Andrew M

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