Posts filtered by tags: Uncle Sam[x]


 

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


Cyber-sec biz Fortinet coughs up $545,000 after 'flogging' rebadged Chinese kit to Uncle Sam – but why so low? We may be able to explain

Rogue employee takes blame, seems he ain't no Fortinet son Fortinet this week agreed to pay the US government $545,000 to settle claims it allowed employees to peddle Chinese-made gear that would eventually end up being illegally supplied to federal agencies.…
Tags: US, Software, Uncle Sam, Fortinet


In 1 Chart, How Your Taxes Are Spent

It’s nice to have more money in your pocket. And thanks to the 2017 tax cuts, the typical American is now paying less in taxes.But that’s not to say we’re not still sending a hefty sum of money to Washington. Tally up all the payroll and other taxes on earnings and income, and you’ll find that the average American household forks over more than $26,000 to the feds each year. Last year, Washington collected more than $3.3 trillion in taxes. So where exactly does all that money go?Some believe mos...
Tags: News, Obamacare, Congress, Washington, Social Security, Uncle Sam, Medicare Medicaid


Which Type of Retirement Account is Best For You?

It’s a big job, so a lot of us put off retirement planning. When you have a mortgage, car payments, insurance premiums, children, and so many other demands, retirement planning may seem impossible. But help is abundant: Tax-friendly accounts can give you an incentive to save. These incentives can pay off on your next tax return. Smart investments and contributions from your employer can enhance your savings. In this post we’ll look at some of the most common tools you can use to build a retire...
Tags: Retirement, Retirement Accounts


Retirement Planning Tools and FAQs

It’s a big job, so a lot of us put off retirement planning. When you have a mortgage, car payments, insurance premiums, children, and so many other demands, retirement planning may seem impossible. But help is abundant: Tax-friendly accounts can give you an incentive to save. These incentives can pay off on your next tax return. Smart investments and contributions from your employer can enhance your savings. In this post we’ll look at some of the most common tools you can use to build a retire...
Tags: Retirement, Marketing, Social Security, Ira, Irs, Uncle Sam, HSA, Simple IRA, ROTH IRA, Retirement Accounts, Individual Retirement Accounts, Sen William Roth, IRA Simple IRA A Simple IRA


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


Lazarus Group rises again from the digital grave with Hoplight malware for all

Norks trigger Uncle Sam's alarm with attack variant The Lazarus Group hacking operation, thought to be controlled by the North Korean government, has a new malware toy to pitch at potential targets and the US is getting worried about it.…
Tags: US, Software, Uncle Sam, Lazarus Group


#RHOA Porsha Williams is ‘Tardy’ For Her Taxes! ‘Housewife’ Owes $240k To Uncle Sam…

Another day, another Real Housewives of Atlanta star is behind on taxes. [FLASHBACK: Paid in Full! Nene Leakes Clears Massive $824k Tax Debt… *RECEIPTS*] Nene Leakes, Sheree Whitfield and KKKim Zolciak-Biermann are just a few past & present Atlanta ‘housewives’ who have been in the new with tax issues but this time, Porsha Williams is in the hot seat with Uncle Sam as she’s accumulated a huge tax debt. Apparently the new mom owes several owes more than $240k in unpaid taxes spanning an eight ...
Tags: Celebrities, News, Atlanta, Sam, Uncle Sam, Kim Zolciak, The Real Housewives of Atlanta, Porsha Williams, RHOA Porsha Williams, RHOA Porsha Williams Says Kenya Moore, KKKim Zolciak Biermann, Nene Leakes Sheree Whitfield


How the super-rich defeated the IRS's crack Global High Wealth unit

In 2009, the IRS created a Global High Wealth Industry Group to audit the super-wealthy, staffing it with skilled lawyers and accountants who could unravel the webs of "trusts, foundations, limited liability companies, complex partnerships and overseas operations" that were used to hide the income of the super-rich from the tax-collector. A decade later, the group's track record is dismal. IRS privacy rules mean that little is known about how the group's audits were undertaken, defeated, an...
Tags: Post, Business, News, Elizabeth Warren, Piketty, Johnson, Donald Trump, Inequality, Irs, Aoc, Uncle Sam, Syracuse University, Jesse Eisinger, Paul Kiel, Guillotine Watch, A Fox For Every Henhouse


Federal gas tax increase gaining support, but political potholes remain

Driving vacations are much more enjoyable when gasoline is cheap and the person behind the wheel isn't as amped up as this guy! The surest sign that summer is on the way is not temperature changes, but increasing gasoline prices. Oil companies traditionally take advantage of the seasonal shift, as families here in Texas and elsewhere across the country load up their cars — and fill up the gas tanks — to hit the road. Not too long ago, I topped off my tank with regular at $1.89 per gallon. T...
Tags: Texas, Taxes, Congress, Washington, White House, America, Tesla, House, Ohio, Capitol Hill, Trump, Austin Texas, Congressional Research Service, Donald J Trump, Uncle Sam, U S Chamber of Commerce


10 things that will trigger a tax audit

It's official. House Democrats have formally requested copies of the last six years of Donald J. Trump's personal and business federal tax returns. Trump has steadfastly refused to make public his taxes, breaking a modern-day tradition set by presidential candidates — and in-office presidents (and vice presidents) — of letting the public have a glimpse of White House 1040s. The main reason Trump has given for keeping his taxes private is that his personal and business filings are under audit. ...
Tags: Taxes, Obamacare, White House, House, Irs, Committee, Trump, Don, Congressional, Internal Revenue Service, Donald J Trump, Uncle Sam, Neal, Dirty Dozen, Newhouse School of Public Communications, House Ways and Means Committee


5 tax moves to make this April

Umbrellas at the Venetian in Las Vegas (Photo by Kay Bell) April is the proverbial month of showers. That typically refers to the rain that falls to nourish the flowers that are predicted to arrive in May. But this month also is known for personal precipitation. Yep, I'm talking tax-time tears. Some folks will cry when they discover how much they owe. Others will shed tears of frustration as they struggle to decipher the Tax Cuts and Jobs Act (TCJA) changes that affect returns for the fir...
Tags: Taxes, Abc, Massachusetts, Netflix, Maine, Anthony Anderson, Irs, Don, Internal Revenue Service, Uncle Sam, Las Vegas Photo, Kay Bell, Dre Johnson, Giphy You


When it comes to 5G kit security, you can go your Huawei, EU tells member nations

Risk-assessment plan snubs Uncle Sam's fears, will let Euro nations freely decide where to get telecoms gear The European Union says it has a plan for securing its 5G networks – and no, it doesn't necessarily involve forbidding the use of Huawei kit, US-style.…
Tags: US, European Union, Software, Huawei, Uncle Sam, Huawei EU


10 RMD tax FAQ

April 1 could be costly for older retirement account owners. No fooling. That's the deadline for taking a required minimum distribution, or RMD, if you turned 70½ last year and did not take the specified amount from your tax-deferred retirement funds by Dec. 31. RMDs are, as the name says, required amounts that you must withdraw from a retirement plan that's been earning money over the years without you having to pay tax on it. The tax law has been letting these accounts ride for years, decades...
Tags: Wtf, Taxes, Ira, Irs, Joe, Internal Revenue Service, Uncle Sam, Roth


IRS offers more underwithholding tax penalty relief, but taxpayer ire over smaller refunds lingers

We've got just more than three weeks before our 2018 tax returns are due, but most of us aren't in any hurry to complete this task. Through March 15, the Internal Revenue Service reports that it has received almost 76 million 2018 tax year returns. That's 2.5 percent fewer than this point in last year's filing season. In fact, the IRS latest filing season data shows that 9 of 12 tracked areas are still slightly behind last year's pace. Only visits to IRS.gov, tax returns directly e-filed by tax...
Tags: Taxes, Gop, New York Times, Sam, Irs, Surveymonkey, Fed, Internal Revenue Service, Treasury Department, Donald J Trump, Uncle Sam, IRS Treasury, Democratic Congressional, TCJA, Chuck Rettig, Congress Treasury


Boeing: Too big to fail?

Thing aren't looking good for Boeing right now, IMO. Anybody want to guess whether Uncle Sam will bail them out if they really start to go down the tubes?
Tags: Weapon, Boeing, Financial Forum, Uncle Sam


More than $1.4 billion in tax refunds awaiting claims by taxpayers who didn't file in 2016

Photo by GotCredit via Flickr CC Most of the focus on tax refunds this year has been on how many people are unpleasantly surprised by how small they are. In many (probably most) cases, the relatively small refunds are because people didn't adjust their payroll withholding last year to account for the Tax Cuts and Jobs Act (TCJA) changes to income tax rates and earnings brackets. Now we have another refund situation that also can be blamed on filers, or actually on nonfilers. Yes, I'm talk...
Tags: Taxes, Massachusetts, Time, North Dakota, Idaho, Maine, Wisconsin, Ira, District Of Columbia, Irs, Don, Internal Revenue Service, Uncle Sam, EITC, Charles Rettig, GotCredit


You won't get Huawei with this, America! Chinese giant sues US government over 'unconstitutional' ban

Hardware maker asks Texas court to undo banishment of IT gear from federal networks Huawei is suing Uncle Sam to overturn a ban on its communications hardware from US federal government computer networks.…
Tags: Texas, US, America, Software, Huawei, Uncle Sam


Tax help to take care of aging (and injury prone) parents

My mother and my furry little brother Willie having a conversation. While walking Willie last October, my mom fell and broke her leg, a common occurrence among older dog owners. That accident has prompted ongoing discussions (OK, fights) on possible more hands-on care options for my octogenarian mother. (Photo by Kay Bell) I'm a cat person. Fight me. Or don't. Like cats, I'm not really concerned about your pet opinion. For almost a decade, though, I've been dealing with a dog. Not mine. My ...
Tags: Taxes, Canada, United States, Social Security, University of Pennsylvania, Agi, JAMA Surgery, Uncle Sam, Willie, Kay Bell, TCJA, Willie She


Pay your big tax bill if you want to travel internationally

That's me in mid-February doing my personal Groundhog Day shadow prediction that warm weather was back to stay. (The full image is on my Instagram page.) I was sooooo wrong. A couple of weeks ago, ecstatic over the return of warm weather and sunshine to Central Texas, I celebrated the arrival of spring. Was I ever wrong. Today is cold, wet — I swear it was sleeting when I ran to my car this morning after yoga class! — and downright dreary. And it's only supposed to get worse, with local m...
Tags: Florida, Taxes, Maryland, America, Austin, State Department, Caribbean, Irs, Mike, Internal Revenue Service, U S Department of State, U S State Department, Uncle Sam, Flickr CC, Central Texas, The IRS


Pay row latest: We aren't biased against Big Tech, says Uncle Sam as it rolls eyes at Oracle

Concerns about data requests, job role confusion discussed at town hall talking tour – reports The US Department of Labor has insisted it isn't targeting America's tech industry, as it presses ahead with its discrimination lawsuit against Oracle.…
Tags: America, Software, Uncle Sam, US Department of Labor, Big Tech


Donating & deducting gifts to governments (but not the wall)

A crowdfunding effort to raise money to build a wall along the U.S.-Mexico border has ended, but some folks still want to contribute. The debate on an expansive U.S.-Mexico wall (or similar structures) continues, in Washington, D.C., as well as across the country. The top issue right now is money to pay for any barriers along the United States' southern border. Donald J. Trump has declared the situation a national emergency, which his administration says would free up a total of $8 billio...
Tags: Taxes, Congress, Washington, Mexico, Senate, United States, House, Treasury, Fox News, Sam, Irs, Trump, Bureau, Sean Hannity, U S Treasury, Bethesda Md


What to do if your tax refund is wrong

Tax law change confusion and paycheck withholding miscalculations have led to a lot of grumbling by many filers about the size of their tax refund checks. But there are other reasons why refunds sometimes are not what filers expect. Here's what to do if you think your tax refund is wrong. The many changes of the Tax Cuts and Jobs Act (TCJA) have thrown a wrench into the 2019 tax filing season. Many folks who were expecting refunds are finding they are smaller than they anticipated or nonexist...
Tags: Florida, Wtf, Taxes, Social Security, Irs, Tampa, Internal Revenue Service, Uncle Sam, U S Postal Service, Tampa Florida, Blanchett, The IRS, Ramon Christopher Blanchett


IRS watchdog says federal tax agency needs to improve efforts to collect taxes on gig economy income

Screenshot from a look at some of the people who depend on the gig economy. Watch the full YouTube video here. Everybody is looking for more money. Taxpayers want more in their tax refunds, especially those surprised by smaller amounts this filing season. Donald J. Trump wants more to build his campaigned-promised border wall. People who are unhappy with their current earnings are side hustling to get more income. It's that last group, says the Treasury Inspector General for Tax Administr...
Tags: Taxes, Sam, Irs, Don, Murphy, Internal Revenue Service, Donald J Trump, Uncle Sam, TIGTA, U S Treasury Tax, Mary Beth Murphy, Lulu Hoeller


Roses are red, Facebook will pay, to make Uncle Sam go away: Zuck, FTC in $bn settlement rumor

Antisocial network may shell out billions to end watchdog's privacy probe, it is reported Facebook is reportedly close to breaking out its checkbook to settle the FTC's legal rumblings over the antisocial network's unique approach to netizens' privacy.…
Tags: Facebook, Software, Ftc, Uncle Sam, Zuck, Red Facebook


New “opportunity zones” give investors big tax breaks

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey: The 30-year fixed averaged 4.37 percent, down four basis points from last week to the lowest level in a year. Thirty-year rates have increased just once in the past 14 weeks. The 15-year fixed rate averaged 3.81 percent, down three basis points from last week. The Mortgage Bankers Association reported a 3.7 percent decrease in loan application vo...
Tags: Business, Real Estate, Housing, Los Angeles, Sport, Soccer, Pwc, San Diego, Mortgage, Freddie Mac, FHA, Uncle Sam, Inland Empire, Laguna Niguel, Mortgage Bankers Association, Timothy Lee


Prez Trump orders Uncle Sam to step up AI efforts – we all know the White House knows a lot about artificial intelligence

Ah, wait, the other kind of artificial President Donald Trump signed an executive order on Monday kickstarting the American AI Initiative, a strategic plan to keep the nation ahead of its competitors in artificial intelligence.…
Tags: White House, Software, Donald Trump, Uncle Sam, American Ai Initiative


New filing season + new tax law = new Form 1040, schedules

Just like the Highlander character of film and television fame, the new Tax Cuts and Jobs Act under which we're now filing our 2018 tax returns says there can be only one. One Form 1040, that is. The Internal Revenue Service today begins processing millions, if you go by the agency's prior filing season data, of early-filed tax returns. IRS staff are going to face more than the usual filing season chaos since most of them are coming back to work after 35 days of being shutout. (Short story:...
Tags: Taxes, Congress, Social Security, Ira, Agi, Irs, Armed Forces, Don, U S Treasury, Internal Revenue Service, Uncle Sam, TCJA


Fine, we'll do it the Huawei, says Uncle Sam: CFO charged with fraud, faces extradition to US over Iran trade claims

Chinese telco box maker also accused of stealing trade secrets from T-Mobile USA Huawei and its chief financial officer Meng Wanzhou were charged with fraud on Monday by US prosecutors over their alleged sanction-busting dealings with an Iranian subsidiary.…
Tags: US, Iran, Software, Huawei, Uncle Sam, Meng Wanzhou, T Mobile USA Huawei


Documents you need to file your 2018 tax return, including a look at the new Schedule A for itemizers

Even if you've been filling out Form 1040 and any other associated forms and schedules for years, things will be different this filing season. This is the first year we taxpayers (and tax pros) will be filing under the extensive new Tax Cuts and Jobs Act (TCJA) changes. In addition to new tax rates and deduction amounts, there are a variety of other tax law tweaks that could affect what goes on — or now doesn't — your Form 1040, which itself is new. So before you start working with your tax pre...
Tags: Taxes, Obamacare, Senate, White House, House, Capitol Hill, Ira, Las Vegas, Agi, Irs, Misc, Don, Federal Emergency Management Agency FEMA, Internal Revenue Service, Uncle Sam, PMI