• Internal Revenue Service Sep 30

    A Lesson From Trump Taxes: an Underfunded IRS Is Outmatched

    Revelations of President Donald Trump’s near-zero federal income tax payments have underscored the ability of wealthy individuals with access to high-priced lawyers to outmatch an IRS that has long been understaffed and underfunded

  • coronavirus stimulus Jul 14

    IRS Cancels $1.4 Billion to Stimulus Checks Sent to Dead Americans

    The Internal Revenue Service is canceling over 1.1 million coronavirus stimulus checks it sent to deceased Americans in April.

  • Economy May 8

    Waiting for Your Stimulus Check? IRS Deadline to Set Up Direct Deposit Is Wednesday

    There’s still time to submit your bank account information to the IRS to get your $1,200 stimulus payment more quickly. But that window is closing, the IRS said on Friday. Americans who qualify for a one-time payment now have until noon on Wednesday, May 13, to get their money faster by submitting their direct deposit information on the Get My Payment site. After...

  • stimulus checks Apr 17

    Used a Tax-Prep Service? Your Stimulus Check May Be Delayed

    Millions of Americans may have had their coronavirus stimulus payments held up by glitches if they were customers of tax preparation services, according to a new report. Here’s why those payments could have been delayed, and what one major tax preparation service is saying about the issue.

  • taxes Feb 21

    Tax Refunds Are Going To Be Delayed for Filers Claiming These Tax Credits

    Millions of households that hustled to get their tax returns to the IRS early could be waiting until March for their refunds. If you’re claiming the additional child tax credit or the earned income tax credit, the IRS cannot issue your refund before mid-February.

  • Donald Trump Nov 13, 2019

    Impeachment Hearing Attorneys Daniel Goldman, Steve Castor May Become Household Names

    The public impeachment inquiry hearings that started Wednesday pit a Democratic attorney who built his reputation as a federal mob and securities fraud prosecutor against a GOP House Oversight investigator who helped steer some of the most notable probes of the Obama administration. The two attorneys with shiny resumes are hardly household names. Now, Daniel Goldman and Steve Castor find...

  • United States Nov 7, 2019

    Here Are Your New Income Tax Brackets for 2020

    The IRS released the federal tax rates and income brackets for 2020 on Wednesday. The seven tax rates remain unchanged, while the income limits have been adjusted for inflation. Tax rates in the U.S. are marginal, meaning that different levels of the same person’s income are taxed at different rates. If you and your spouse earn $80,000 in 2020 and...

  • California Oct 15, 2019

    October 15 Is the Deadline for 2018 Federal Tax Return Extension. What you need to know

    If you asked the IRS for six more months to work on your 2018 tax return, you’re about to run out of time. This spring, about 15 million taxpayers asked the IRS for an extension on their 2018 tax return. While those filers had to pay their projected taxes by April 15, they had to until Oct. 15 to complete and submit their returns.

  • United States Sep 11, 2019

    ‘UVA Has Ruined Us': Health System Sues Thousands Of Patients, Seizing Paychecks And Claiming Homes

    Heather Waldron and John Hawley are losing their four-bedroom house in the hills above Blacksburg, Va. A teenage daughter, one of their five children, sold her clothes for spending money. They worried about paying the electric bill. Financial disaster, they say, contributed to their divorce, finalized in April. Their money problems began when the University of Virginia Health System pursued...

  • attorney Aug 21, 2019

    Bribes, Kickbacks & Caviar: FBI Says Ex-State Police Union Chief Misused Funds

    A former state police union chief and a Beacon Hill lobbyist have been arrested for allegedly misusing union funds for personal gain, federal authorities said Wednesday. FBI and IRS agents arrested 57-year-old Dana Pullman, former president of the State Police Association of Massachusetts, and 68-year-old State House lobbyist Anne Lynch early Wednesday at their respective homes in Worcester and Hull.

  • Donald Trump Aug 20, 2019

    Democrats Spending Millions to Try to Take Back Statehouses

    Democrats still shaken by the 2010 tea party wave that netted Republicans six governors’ offices, flipped 21 statehouse chambers and drove nearly 700 Democratic state legislators from office are mounting a comeback, pouring millions of dollars into state level races. In a longtime Republican district covering a wealthy enclave of Dallas, Democratic challenger Shawn Terry has raised $235,000, an eye-popping...

  • Donald Trump Aug 11, 2019

    Elizabeth Warren Unveils Gun Control Plan That Pushes for Higher Taxes on Firearms and Bullets

    Presidential contender Elizabeth Warren on Saturday unveiled her plan to combat gun violence, including proposals to triple the tax applied to firearm sales and raise the tax on ammunition even more dramatically. The plan, announced in a post on the blogging platform Medium, comes in the wake of back-to-back mass shootings in El Paso, Texas, and Dayton, Ohio, that left...

  • Donald Trump Jul 2, 2019

    House Committee Files Lawsuit Over Trump Tax Returns

    A House committee sued the Trump administration in federal court Tuesday for access to President Donald Trump’s tax returns, setting up a legal showdown over the records. The House Ways and Means Committee said it needs the documents for an investigation into tax law compliance by the president, among other things. It asked the court to order the administration to...

  • California Jul 1, 2019

    California is the Latest State to Help Millions of Workers Join Retirement Savings Plans

    An estimated 7.5 million California workers soon will have access to workplace retirement savings. That’s due to CalSavers, the Golden State’s automatic individual retirement account enrollment plan, which officially begins on Monday. The program was established after the state required employers with five or more employees to either join CalSavers or begin offering a private plan. Over the next several...

  • Donald Trump Jul 1, 2019

    US Duty Free Magnates Fund Controversial Israeli Settlements

    When travelers shop at dozens of duty free stores at airports worldwide, they may be paying for more than a bottle of vodka or a box of chocolates. The Falic family of Florida, owners of the ubiquitous chain of Duty Free Americas shops, funds a generous and sometimes controversial philanthropic empire in Israel that runs through the corridors of power...

  • Donald Trump Jun 26, 2019

    2020 Hopeful Elizabeth Warren Pushes Election Security Plan

    Democratic presidential candidate Elizabeth Warren on Tuesday pitched a sweeping overhaul of the nation’s systems for securing its elections, including the creation of a “uniform federal ballot” and the replacement of the independent commission that currently helps administer the vote. Warren’s latest in a series of hefty policy proposals — which have become a trademark as she climbs in the...

  • Donald Trump Jun 26, 2019

    2020 Hopeful Elizabeth Warren Pushes Election Security Plan

    Democratic presidential candidate Elizabeth Warren on Tuesday pitched a sweeping overhaul of the nation’s systems for securing its elections, including the creation of a “uniform federal ballot” and the replacement of the independent commission that currently helps administer the vote. Warren’s latest in a series of hefty policy proposals — which have become a trademark as she climbs in the...

  • Donald Trump Jun 21, 2019

    Too Rosy? Experts Question Warren's Wealth Tax Figures

    The ambitious scope of Elizabeth Warren’s push to rethink how America tackles issues such as health care, technology and education has energized her presidential campaign — and spurred questions about how she would deliver on her promises. At the heart of Warren’s raft of policy proposals is a 2% fee on fortunes greater than $50 million, a wealth tax designed...

  • Donald Trump Jun 14, 2019

    Justice Backs Mnuchin's Refusal to Turn Over Trump's Taxes

    The Justice Department issued a legal opinion Friday finding that Treasury Secretary Steve Mnuchin was right to withhold President Donald Trump’s tax returns from a House committee that subpoenaed them. The House Ways and Means Committee subpoenaed six years of Trump’s tax returns in May, but the Treasury Department refused to provide the documents. At the time, Mnuchin said the...

  • Donald Trump Jun 14, 2019

    Justice Backs Mnuchin's Refusal to Turn Over Trump's Taxes

    The Justice Department issued a legal opinion Friday finding that Treasury Secretary Steve Mnuchin was right to withhold President Donald Trump’s tax returns from a House committee that subpoenaed them. The House Ways and Means Committee subpoenaed six years of Trump’s tax returns in May, but the Treasury Department refused to provide the documents. At the time, Mnuchin said the...

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