IRS
A free online tax filing program from the Internal Revenue Service is available Direct File. The U.S. Department of the Treasury estimated that the program could cover about one-third of federal tax returns, or 19 million taxpayers. New York State is making it easier for residents to file their taxes for free, in partnership with […]
The IRS is working with Code for America to offer New York residents the able to file taxes for free next year. It’s part of a limited pilot program which will allow states like New York, Arizona, California, and Massachusetts to merge their state e-filing process with the IRS’s federal E-filing tools. According to the […]
The IRS is looking to hire armed special agents across the country and pay $95K working 59 hours a week and will be on call 24/7 even while on vacation. Another requirement is special agents that are higher shouldn’t be afraid to use deadly force. The agent’s assignments will be to investigate financial crimes, tax related […]
A former Detroit rapper was sentenced to more than four years in prison for a $28 million tax fraud scheme that cheated the Internal Revenue Service and state treasuries of six states. United States Attorney Dawn N. Ison announced on Friday that Sameerah Marrell, who also uses aliases such as Sameerah Pickett, Sameerah Anderson, Loren Boyd, and Crème, […]
A new report published says that the IRS audits Black taxpayers at a significantly higher rate than non-Black taxpayers. The paper, published by Stanford’s Institute for Economic Policy Research, said that despite the IRS’s “race-blind audit selection,” Black taxpayers are audited 2.9 to 4.7 times more often than non-Black taxpayers. However, the research did not suggest […]
According To Forbes, OnlyFans content creators have recently been contacted in connection with a criminal tax investigation. The news is coming from multiple sources within the tax community. Traffic to OnlyFans, a subscription-based social media platform that often includes adults-only content, exploded with the pandemic. OnlyFans reportedly grossed over $2.3 billion in 2020 alone. Its content […]
The first day the Internal Revenue Service will accept and process federal returns for the 2022 tax year will be Monday, Jan. 23rd. Taxpayers have until April 18 this year to file their return without requesting an extension. (Victims of California’s severe winter storms have until May 15, 2023.) The IRS expects to receive more than 168 million […]
The Internal Revenue Service is sending letters to more than 9 million households who are potentially eligible for tax benefits, but haven’t filed a 2021 return to claim them. The news come after an audit by the Treasury Inspector General for the Tax Administration. $1.1 billion in Child Tax Credits were sent to 1.5 million […]
The popular do-it-yourself online income Tax service TurboTax is in hot water and will have to payback $141 million dollars to customers in the United States after a misleading ad. New York Attorney General Leticia James announced TurboTax will have to stop running their “Free free, Free free” ad campaign and pay back restitution to […]
Tax Day Deadline, Is due today April 18th. Americans are already falling behind in the current tax season, according to the latest IRS statistics. About 91 million people have filed their returns as of April 1, down from 93 million filers at the same time last year, when taxpayers had an extra month to get […]