IRS

A Massive Oil Spill Helped One Billionaire Avoid Paying Income Tax For 14 Years

by Jesse Eisinger, Paul Kiel and Jeff Ernsthausen ] ProPublica is a nonprofit newsroom that investigates abuses of power. The Secret IRS Files is an...
Related topics: Taxes

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These Real Estate And Oil Tycoons Avoided Paying Taxes For Years

by Jeff Ernsthausen, Paul Kiel and Jesse Eisinger ] ProPublica is a nonprofit newsroom that investigates abuses of power. The Secret IRS Files is an...
Related topics: Taxes

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Inspire Your Employees To Become ‘super Savers’

See how these employees save 90% or more of the IRS max in their 401(k) or defer 15% or more of their salary. A version of this article originally appeared on Principal.com. Read Full Story

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Gold In A Tax-sheltered Account? What Big Banks Don’t Want You To Know

(Note: Thank you for supporting American businesses like the one presenting a sponsored message below and publishers like Gateway Pundit. We appreciate your support!) Big banks and the IRS want you to think, the only way to save for retirement is...
Related topics: Gold, Taxes, Banking

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Gop Lawmaker Says Biden’s Social Spending Plan Would Allow Irs To 'spy' On Americans

Biden’s $1.75 trillion social spending bill is said to be financed not only by raising taxes on the rich, but also with measures aimed to reduce the budget’s tax gap. The latter stems from tax evasion schemes which amounted to $584bn in owed...
Related topics: Joe Biden, Taxes

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This Week In Techdirt History: November 21st - 27th

Five Years Ago This week in 2016, we learned more about the disturbing scope of the NSA's leaks of hacking tools, the IRS decided to demand information on Coinbase customers, and one federal judge was taking a closer look at "reputation...

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35 Million Families Will Lose Biden's Monthly Child Tax Credit Payments In 3 Weeks If Congress...

President Joe Biden.John Tully/Getty Images Millions of families rely on the child tax credit to make ends meet, but it expires in just weeks. It's unclear if Congress will act before the last payments go out on December 15. If it gets renewed,...
Related topics: Joe Biden, Taxes

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Democrats Battle Cbo Over Whether The Rich Will Be Spooked Into Tax Compliance

A simmering dispute between Democrats and the Congressional Budget Office over how much money could be raked in by improving IRS enforcement largely boils down to a single question: How afraid will rich people be of a newly empowered tax...
Related topics: Taxes

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Larry Summers: Irs Proposal Will Generate More Revenue Than Cbo Estimate

Larry Summers, who served in top economic policy roles during the Clinton and Obama administrations, said Thursday that the IRS funding proposal in Democrats' social spending bill is likely to raise more revenue than the Congressional Budget...
Related topics: Bill Clinton, Barack Obama

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Lil Pump Owes Irs $1.6m For 2018 Taxes - Right After 'gucci Gang' Single Blew Up

Lil Pump has history with owing the IRS a lot of money from taxes he hasn't paid over the years.
Related topics: Taxes, Gucci

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Get Jazzed -- 2022 Roth Ira Income Ranges Have Increased

Retirement savers can celebrate another victory in 2022: Thanks to the latest income ranges released by the IRS, more people can stash money away in a Roth IRA (individual retirement account). If you've missed out on Roth IRA contributions before,...

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Ira Limits Won't Rise In 2022 -- Here's How You Can Still Save More For Retirement

Saving for retirement in a tax-advantaged account like an IRA or 401(k) has some real benefits. If you put money into a Traditional IRA or 401(k), your contributions will go in tax-free, shielding a chunk of your earnings from the IRS. Plus, your...
Related topics: Taxes

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On The Money — Irs Chief Calls For Reinforcements

Happy Thursday and welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line. Subscribe here: thehill.com/newsletter-signup.Today’s Big Deal: A Trump appointee atop the IRS is calling on Congress...
Related topics: Banking

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Irs Refund Backlogs Are So Bad This Year, The Taxpayer Advocate Is Waving The Flag Of Surrender

More bad news from the Internal Revenue Service. It can’t keep up with requests from taxpayers to help with amended tax returns. If you weren’t familiar with the National Taxpayer Advocate (NTA), it supposedly represents “our...
Related topics: Taxes

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Irs Chief Urges Congress To Back Proposed $80b Funding Boost To Agency

IRS Commissioner Charles Rettig on Thursday urged Congress to support the Biden administration's proposal to provide the agency with an additional $80 billion over 10 years, which is expected to be included in Democrats' social spending...
Related topics: Joe Biden

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6 Reasons Why Everyone Is Trying To Scam You Right Now

American consumers have seen an increase in scams of all types since the start of the pandemic. They’re not likely to go away anytime soon. Fake IRS emails. Zombie debt. Romance schemes. Grandparents scams. Cramming. Nefarious tech support...

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Cp503 (and Other Irs Letters You Never Want To Get)

If you get an IRS letter, like a CP503, it is crucially important that you read it, then respond by the deadline. The letter will explain how to reply. If you agree you owe the money, pay it in full or set up a payment plan. If you dispute it,...

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Irs Announces Inflation Adjustments For Standard Deduction, Tax Brackets

The IRS on Wednesday announced inflation adjustments for 2022 pertaining to a host of features in the tax code, including the standard deduction and tax brackets.The changes take into account the fact that inflation has increased this year. The...
Related topics: Inflation, Taxes

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‘would You Like To See Some Of My Ammo?’: Nc Lt. Gov. ‘jokingly’ Threatens Irs’s...

North Carolina extremist Christian nationalist Lt. Governor, Republican Mark Robinson on Saturday appeared to "jokingly" threaten any IRS agents who might come to his home as he falsely characterized a proposed policy that was withdrawn weeks...

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Irs Posts 401(k) Contribution Limits, Roth Ira News For 2022: What Changed And What Didn’t?

Cost of living adjustments (CODA) that affect many retirement accounts were just announced by the Internal Revenue Service. Here’s a breakdown. With the cost of basically everything going up right now, this should be welcome news for people...

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