Posts filtered by tags: Internal Revenue Service[x]


 

Deposition raises questions about USA Gymnastics’ review of sexual abuse policies

The Michigan Attorney General’s filing of 24 human trafficking and sexual assault charges against former U.S. Olympic women’s team head coach John Geddert, shortly before his suicide last week, has prompted renewed calls for USA Gymnastics to release documents and other information that would detail the extent the organization was aware of the sexual abuse of young athletes by prominent coaches and medical staff. USA Gymnastics officials have consistently refused to release such documents, choos...
Tags: News, Congress, Senate, Sports, Sport, Indianapolis, Fbi, Soccer, Olympics, Warren, Catholic Church, Tokyo, Michigan, Catholic, Department Of Justice, Baker


Third Stimulus Check: Why Your Next Relief Payment May Not Be $1,400

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Tags: Business, Texas, Budget, News, Congress, Senate, West Virginia, Joe Biden, Maine, House, Biden, Agi, Susan Collins, Irs, Johnson Johnson, Internal Revenue Service


Elizabeth Warren says the ultra-rich should be audited every 3 years

Felipe Castro holds a sign advertising a tax preparation office for people that still need help completing their taxes before the Internal Revenue Service deadline on April 14, 2010 in Miami, Florida. Joe Raedle/Getty Images US Sen. Elizabeth Warren wants to double the IRS budget, she told Bloomberg on Tuesday. The money would pay for increased auditing of the ultra-rich, she said. "The audit rate of the top one tenth of 1%... will be 30%. That means every three years, in effect," Warren s...
Tags: Politics, Massachusetts, Elizabeth Warren, US, America, Trends, Bloomberg, Economy, Audit, Warren, Fox News, Associated Press, Charles Davis, Irs, Internal Revenue Service, Sen Elizabeth Warren


Paying self-employment taxes on the revised Schedule SE

Being the boss can be fulfilling, exciting and, if profitable, mean more tax responsibilities, like paying self-employment taxes. (Photo by Zen Chung via Pexels.com) There are a lot more self-employed taxpayers this filing season, thanks to (you guessed it) the COVID-19 pandemic. People whose hours were reduced at their full-time jobs made up (or tried to) the lost income with side gigs. Others whose salaried positions were eliminated embraced their entrepreneurial spirit and became their...
Tags: Taxes, White House, Social Security, Medicare, Donald Trump, Irs, U S Treasury, Internal Revenue Service, Uncle Sam, Pexels, Zen Chung


PPP and other pandemic tax moves to make in March 2021

March 1 has arrived. Or, as some coronavirus pandemic weary wits have dubbed it, March 2.0 or March 366. Yes, we've been dealing with COVID-19 for a year now. And yes, the virus and its myriad disruptions continue. But the development of multiple vaccines and prospects for expanded distribution of the shots give us reason to hope that the coronavirus after-times are within sight. Another COVID-19 relief package, dubbed the American Rescue Plan, also is closer to reality. The House passed the me...
Tags: Taxes, Congress, Senate, United States, House, Agi, PPP, Irs, Don, Congressional, Internal Revenue Service, Small Business Administration, SBA, Tax Foundation, Biden Administration, COVID


Democrats unveil an ultra-millionaire tax on the top 0.05% of American households

Drew Angerer/Getty Images Democratic lawmakers introduced a bill that would place a 2% wealth tax on households with net worths over $50 million. The wealth tax would work to combat wealth inequality and include anti-evasion measures to ensure everyone is paying their fair share. Progressive lawmakers have championed the wealth tax, but more moderate and conservative lawmakers have pushed back on it.  Visit the Business section of Insider for more stories. In an effort to combat wealth in...
Tags: Minnesota, Congress, California, Washington, Elizabeth Warren, US, Trends, Pennsylvania, Warren, Medicare, Amy Klobuchar, University Of California Berkeley, Vermont, Irs, Progressive, Bernie Sanders


2021 housing cost tax break amounts for U.S. expatriates

A panoramic view of Positano, Italy, the famously vertical town where actor and food/travel show host Stanley Tucci found the highly-desired Amalfi Coast lemons. (Image courtesy Italia Agenzia Nazionale Turismo) Tonight, the hubby and I will watch our latest favorite television series, Stanley Tucci: Searching for Italy. The CNN show is part travelogue, but with routes determined by Tucci's tastes, which are so far spectacular. The award-winning actor, director, screenwriter, Instagram ba...
Tags: Milan, Taxes, White House, Time, Cnn, Rome, United States, Italy, Stanley Tucci, Irs, Naples, Vicenza, Parma, Genoa, Turin, Amalfi Coast


Lingering unemployment tax troubles: wrong amounts, wrong recipient ID info and no forms

In addition to looking for another job, folks who got unemployment benefits also have to deal with paying taxes on the payments and, in some cases, other complications. Unemployment benefits can be a lifesaver. That's been especially true during the year+ that we've been dealing with COVID-19 complications. Employers had to reduce services or close completely. In addition to the business costs, the establishments' workers were suddenly facing steep pay cuts or no pay at all. Congress has ...
Tags: Taxes, Labor, Congress, Senate, White House, House, Vermont, Irs, Internal Revenue Service, U S Postal Service, U S Department of Labor, Green Mountain State, Vermont Department of Labor, COVID, Biden Administration COVID


Stimulus Check Latest: Will Your Next Relief Payment Be $1,400?

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Tags: Business, Texas, Budget, News, Congress, Senate, West Virginia, Joe Biden, Maine, House, Treasury, Janet Yellen, Nancy Pelosi, Biden, Anthony Fauci, Agi


Tax Worker Charged With Filing Fake Returns, Keeping Refunds

A Tennessee tax examiner for the Internal Revenue Service has been charged with filing false returns and keeping parts of tax refunds for herself.
Tags: Tennessee, Internal Revenue Service


VITA and TCE volunteers work around COVID-19 to help taxpayers file returns

A VITA volunteer helps a taxpayer prepare and e-filer her tax return for free. (IRS video screenshot) Tax software works fine for millions of taxpayers. Another sizeable chunk of filers opt for more personal service from a tax professional. Then there are people for whom software just doesn't cut it. They need or want more help and assurance that their taxes will be filed correctly. But they can't afford a tax preparer. Say hello to Volunteer Income Tax Assistance (VITA) and Tax Counselin...
Tags: Taxes, United States, Ira, Vita, Irs, Internal Revenue Service, EITC, AARP Foundation, TCE, IRS IRS, Volunteer Income Tax Assistance VITA, VITA TCE, VITA Locator Tool


Why You Need to Start Claiming Crypto on Your Taxes

Cryptocurrency has jumped to the forefront of personal finance news in 2020, and the IRS has noticed. If you acquired any crypto in 2020, you’ll want to declare it in your tax form, as the agency warned that this year they’ll crack down on investors used to fudging how much they owe. Read more...
Tags: Government, Tax, Economy, Capital Gains Tax, Lifehacks, Tax Evasion, Irs, Cryptocurrency, Internal Revenue Service, Business Finance, Taxation In The United States, Taxation In China, Taxation In Norway, Taxation In Poland, Taxation In The Czech Republic


Stimulus Check Update: Why Your Next Relief Payment May Not Be $1,400

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Tags: Business, Budget, News, Congress, Senate, West Virginia, Joe Biden, Maine, House, Treasury, Janet Yellen, Nancy Pelosi, Biden, Anthony Fauci, Agi, Susan Collins


Considerations in making a major disaster tax claim

Winter can be gorgeous. It also can be disastrous, as all us Texans more accustomed to heat waves than winter storms found out last week. (Photo by Kay Bell) It's been near 80 degrees for the last two days in my part of Texas. This time last week, we were in the teens during the day, after single-digit overnight low — and record-breaking — cold temperatures. This surprisingly strong cold snap left a lot of damage. People lost power and water. Freezing pipes in freezing houses burst. Food ...
Tags: Florida, Texas, Taxes, White House, Joe Biden, Ted, Hawaii, House, Fema, Biden, Sam, Agi, Irs, South Florida, Heidi, Federal Emergency Management Agency FEMA


Stimulus Check Update: Why Your Next Relief Payment May Not Be $1,400

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Tags: Business, Budget, News, Congress, Senate, West Virginia, Joe Biden, Maine, House, Treasury, Janet Yellen, Nancy Pelosi, Biden, Anthony Fauci, Agi, Susan Collins


Add These Key 2021 Financial Deadlines to Your Calendar Now

You can’t plan if you don’t look ahead, which means now is an excellent time to add some important personal finance deadlines into your calendar. Here is a list of important dates potentially impacting your finances throughout the rest of 2021— including the expiration dates for COVID relief programs. Read more...
Tags: Labor, United States, Lifehacks, Payroll, Fafsa, Internal Revenue Service, Labour Law, Unemployment Benefits, CARES Act, Presidency Of Donald Trump, Federal Government Of The United States, United States Federal Legislation, Income Tax In The United States, Presidency Of Barack Obama


Third Stimulus Check: Will Your Next Relief Payment Be $1,400?

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Tags: Business, Budget, News, Congress, Senate, West Virginia, Joe Biden, Maine, House, Treasury, Janet Yellen, Nancy Pelosi, Biden, Anthony Fauci, Agi, Susan Collins


Anthony Levandowski Closes His Church of AI

The first church of artificial intelligence has shut its conceptual doors. From a report: Anthony Levandowski, the former Google engineer who avoided an 18-month prison sentence after receiving a presidential pardon last month, has closed the church he created to understand and accept a godhead based on artificial intelligence. The Way of the Future church, which Levandowski formed in 2015, was officially dissolved at the end of the year, according to state and federal records. However, the proc...
Tags: Google, California, Tech, Silicon Valley, Internal Revenue Service, NAACP Legal Defense and Education Fund, Waymo, Anthony Levandowski, Levandowski, Lior Ron Claire Delaunay, Don Burnette Uber, George Floyd


IRS mails 260,000 failure-to-file notices, but admits many likely are wrong

What's worse than getting an Internal Revenue Service notice? Getting a wrong IRS notice. That just happened to potentially more than a quarter million taxpayers. The IRS last week acknowledged that it sent approximately 260,000 taxpayers notices that they had failed to file return for the 2019 tax year. Some, perhaps many, of those mailings, officially known as CP59 notices, likely are incorrect. The reason is the same one we've all seen or used ourselves for the last 13 months: COVID-19. Pan...
Tags: Taxes, Irs, Don, Internal Revenue Service, COVID


W&M members ask IRS to extend April Tax Day deadline

The tax filing season clock is ticking, but will the alarm go off on April 15 as usual? That's the IRS plan for now, but some in Congress and the tax community would like Uncle Sam to extend the 2021 Tax Day deadline like happened last year. The Internal Revenue Service is insistent that despite a later than normal opening of the 2021 tax filing season, it will end as usual on April 15. Some lawmakers and members of the tax community, however, think this filing season needs to follow the ...
Tags: New York, Texas, Taxes, Congress, California, Washington, Massachusetts, Austin, Pennsylvania, Wyoming, New Hampshire, Tennessee, New Jersey, Wisconsin, Brian, Nevada


How Will Stimulus Checks Affect My Taxes?

The last of the $600 stimulus checks were sent out by the IRS, so you should have received yours by now. But what if your checks never arrived? And how can you claim the funds as a tax rebate? Do you have to pay taxes on your stimulus checks? Here’s what you need to know.Read more...
Tags: Tax, Lifehacks, Tax Return, Irs, Form, Internal Revenue Service, Back Taxes, Rebate, Tax Refund, Tax Forms, Taxation In The United States, Economic Stimulus Act, Irs Tax Forms


How To File Your Taxes for Free

Despite that roughly 70% of Americans who file are eligible for free tax filing through the IRS, they still spend $1 billion a year in unnecessary filing fees. With that in mind, here are your best options for filing your taxes for free. Read more...
Tags: Tax, Social Issues, Lifehacks, Tax Return, Irs, Internal Revenue Service, Earned Income Tax Credit, Turbotax, TaxAct, HR Block, Free File, Tax Forms, Taxation In The United States, Income Tax In The United States, Tax Preparation In The United States


Home Price Increases In Opportunity Zone Redevelopment Areas Keeping Pace With Nationwide Gains

Median Prices Rise Annually in Fourth Quarter of 2020 in Three-Quarters of Opportunity Zones; Median Values Jump At Least 10 Percent in Almost Two-Thirds of Zones; Prices Go Up at Roughly the Same Pace as Increases Outside of Zones Irvine, CA – Feb. 18, 2021 (PRNewswire) ATTOM Data Solutions, curator of the nation’s premier property database, today released its fourth-quarter 2020 special report analyzing qualified low-income Opportunity Zones established by Congress in the Tax Cuts and Jobs ...
Tags: Utah, Real Estate, News, Congress, Washington, Oregon, Radio, West, United States, Alaska, Connecticut, Arizona, States, District Of Columbia, Pacific, Midwest


Anthony Levandowski closes his Church of AI

The first church of artificial intelligence has shut its conceptual doors. Anthony Levandowski, the former Google engineer who avoided an 18-month prison sentence after receiving a presidential pardon last month, has closed the church he created to understand and accept a godhead based on artificial intelligence. The Way of the Future church, which Levandowski formed in 2015, was officially dissolved at the end of the year, according to state and federal records. However, the process had started...
Tags: Google, Transportation, California, Tech, Artificial Intelligence, Automotive, Silicon Valley, Irs, Trump, Ron, Internal Revenue Service, NAACP Legal Defense and Education Fund, Waymo, Anthony Levandowski, Levandowski, OpenAI Inc


Robinhood missed an IRS deadline to give tax forms to its customers, sparking an uproar

Robinhood users complained on social media when the app failed to provide tax forms by the date it had previously promised. JIM WATSON/AFP via Getty Images Robinhood failed to meet a Tuesday deadline to send tax forms to its users, Bloomberg reported.  A spokesperson told the outlet that most users should have received their 1099s by Wednesday.  Some users said they were ready to quit the app over the delayed forms and shoddy customer support.  Visit the Business section of Insider for mor...
Tags: Taxes, News, Wall Street, Trends, Markets, Bloomberg, Reddit, Robinhood, Irs, Gamestop, Vlad Tenev, Internal Revenue Service, JIM WATSON, Tech Insider, Bloomberg Users, Tim Levin


8 reasons to wait to file your 2020 taxes

Just can't bring yourself to do your taxes? Don't worry. There's no rush (yet). And there are some good reasons to wait a bit before finishing your Form 1040. The 2021 tax filing season is finally underway. The Internal Revenue Service started processing returns on Friday, Feb. 12. A lot of the 1040 forms actually had been submitted electronically weeks earlier, and were just waiting for Uncle Sam to accept them. This is not unusual. Millions of taxpayers file as early as possible, with g...
Tags: Taxes, Congress, Joe Biden, NEC, Capitol Hill, Agi, Irs, Don, Internal Revenue Service, Uncle Sam, U S Postal Service, Child Tax Credit, John Hancock, Kay Bell, Biden Administration, COVID


IRS says all $600 stimulus payments from December bill have been sent

The Internal Revenue Service has sent out $600 payments from the December stimulus package to all of the eligible taxpayers it has on file as Congress continues to negotiate over a third round of checks.
Tags: Congress, Cnn, Irs, Internal Revenue Service


Do I Qualify for the Earned Income Tax Credit?

The earned income tax credit offers up to $6,660 for qualified filers—yet too many Americans don’t seem to know about it. While 25 million Americans qualify, the IRS says that only 20% of them claim the credit on their federal tax return. Here’s a look at why and whether you’re leaving cash on the table.Read more...
Tags: Tax, Social Issues, Income Tax, Tax credits, Lifehacks, Irs, Internal Revenue Service, Earned Income Tax Credit, Free File, Taxation In The United States, Income Tax In The United States, Irs Tax Forms, Tax Preparation In The United States


Be sure to claim applicable household utility costs in your home office deduction

Much of Texas got record snowfall on Feb. 14-15, with around 6 inches covering our backyard. Thank goodness for some much welcome sunshine today, but it's still below freezing, meaning our heater is working overtime! (Photo by Kay Bell) We have sunshine here in Central Texas! Still, the high temperature today in the greater Austin area is not expected to break the freezing mark. That means my home's heater is still in overdrive. And that means my next bill is going to be ginormous. The only...
Tags: Texas, Taxes, Austin, Irs, Internal Revenue Service, Central Texas, Kay Bell


File Your Taxes Sooner If Your Income Fell in 2020

Tax filing season kicked off last Friday, and it comes with an odd wrinkle: when you choose to file could be the difference in whether you receive a full third stimulus check or not. Due to a quirk in timing, the checks will be based on either your 2019 or 2020 income—so you’ll want to be strategic about which year…Read more...
Tags: Tax, Lifehacks, Tax Investigation, Internal Revenue Service, Tax Refund, Taxation In The United States, Economic Stimulus Act, Income Tax In The United States



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