IRS

Irs Chief Estimates $1 Trillion In Federal Taxes Go Uncollected Each Year

IRS Commissioner Charles Rettig told the Senate Finance Committee on Tuesday that the gap between federal taxes owed and paid "could approach and possibly exceed $1 trillion per year," more than double the official estimate of $441 billion. IRS...
Related topics: Taxes

Read More →

Irs To Roll Out Payments For $3,000 Child Tax Credit In July

The Internal Revenue Service (IRS) will start sending monthly payments to families from the new $3,000 child tax credit starting in July. IRS Commissioner Charles Rettig confirmed the timeline during congressional testimony Tuesday, telling the...
Related topics: Taxes

Read More →

On The Money: Inflation Rears Its Head Amid Spending Debate | Irs Chief Warns Of Unpaid Taxes...

Happy Tuesday and welcome back to On The Money, where, like several NFL teams, we’re skipping workouts due to the pandemic. I’m Sylvan Lane, and here’s your nightly guide to everything affecting your bills, bank account and bottom line.See...
Related topics: Inflation, Debate, Taxes, Banking

Read More →

Irs Chief Says The Agency On Track To Start Monthly Payments Of The Child Tax Credit July 1

Charles Rettig. Aaron P. Bernstein/Getty Images IRS chief Charles Rettig said the agency was on track to start monthly child tax credit payments on July 1. The measure forms a key part of Biden's recent stimulus law. Democrats want to make the...
Related topics: Taxes, Joe Biden

Read More →

Irs Chief Says Some $1t In Taxes Going Uncollected Annually

The amount of taxes going uncollected by the federal government could be as much as $1 trillion or more per year, IRS Commissioner Chuck Rettig said Tuesday. His estimate goes far beyond the official $441 billion difference between taxes paid and...
Related topics: Taxes

Read More →

Having Employees Overseas Helps Companies Reap Us Tax Benefits

A recent study finds U.S. companies that have a substantial number of employees in foreign jurisdictions with lower tax rates are more likely than their peers to "artificially" locate earnings in those jurisdictions—and the Internal Revenue...
Related topics: Taxes

Read More →

Beware: Scammers Want Your $1,400 Stimulus Check

Stephen Silver Stimulus Checks, It’s very common for scammers to make unsolicited phone calls, claiming to be the IRS or another government agency. Sometimes, the callers will ask for credit card information, which is not something that the...
Related topics: Credit Cards

Read More →

Biden Proposes $1.2b Increase In Irs Budget

President Biden's fiscal 2022 budget unveiled Friday proposes a substantial increase in funding for the IRS, in an effort to prevent wealthy individuals and corporations from avoiding their taxes.The budget proposal would provide $13.2 billion for...
Related topics: Joe Biden, Taxes

Read More →

You Owe Money To The Irs? Great!

Imagine you took out a one-year loan in January last year and decided to make payments with every paycheck you receive from your employer. You didn't pay very close attention to the numbers, and you ended up paying more than you owed. Sometime...

Read More →

Taxpayers Could End Up Leaving $1.3 Billion On The Table. Here's Why

Most people who file a tax return wind up with a refund. But if you're due a refund and don't file a tax return, you'll forgo that money.This may be the case for an estimated 1.3 million Americans who are owed a refund for the 2017 tax year. The IRS...
Related topics: Taxes

Read More →

Irs Will Soon Issue Refunds For Tax-free Unemployment Benefits

Unemployment benefits caused a great deal of confusion this tax season. Fortunately, the unemployment tax nightmare that left many with reduced refunds or an unexpected tax bill is coming to an end.The IRS announced that it will start issuing...
Related topics: Taxes, Unemployment

Read More →

Irs Stimulus Update: Didn’t Get The First Or Second Payment? You Need To File This

No, you don’t need to endure the IRS phone lines. If you did not receive one of the first two stimulus payments last April or December—or if you got the wrong amount—now is your moment to collect them, without spending...

Read More →

Mike's Blog Round Up

First Draft: Soak the fat boys and spread it out thin. Just Above Sunset: Internal improvements. Just an Earth-Bound Misfit, I: No surprise here, insurrection edition. Tax Policy Center: If Congress wants the IRS to collect more tax from the rich,...
Related topics: Taxes

Read More →

Baltimore’s Rogue Prosecutor Mosby Facing 3 Probes Of Official Duties, Travel, Gifts

It’s been a lousy spring for Marilyn Mosby, Baltimore’s rogue prosecutor. First, the IRS placed a tax lien for $45,000 on her house for three years of unpaid taxes.  Second, Baltimore’s Office of the Inspector General conducted a...
Related topics: Taxes

Read More →

New York Millionaires To Pay Highest Income Tax In The Country

New York Millionaires To Pay Highest Income Tax In The Country Vote woke, go broke. After years of paying the highest income tax in the country, the privilege of being the most IRS-abused group shifts from virtue-signaling California...
Related topics: Taxes

Read More →

$1,400 Stimulus Checks Mailed Out March 26: What If It Never Arrived?

Ethen Kim Lieser Stimulus Check, In a recent update, the IRS acknowledged that most non-filers weren’t included in the current batch, as it focused on sending out payments to those who filed a tax return in 2019 or 2020. It also included...
Related topics: Taxes

Read More →

Hr 1 Would Enable More Scandals Like The Obama Irs Targeting Of Conservatives

One of the top priorities for House and Senate Democrats is a sweeping 800-page bill that will rig the political system in favor of the Left. washingtonexaminer.com/blogs/beltway-confidential
Related topics: Barack Obama, Senate

Read More →

Irs Announces New Batch Of Covid-19 Payments

The IRS announced its dispersal of a third batch of payments from the latest COVID-19 relief package with billions of dollars in direct money going to millions of Americans. The agency, along with the Treasury Department and the Bureau of...

Read More →

Irs Will Calculate, Send Out Refunds For Jobless Aid

The IRS said Wednesday it will automatically calculate and send refunds to those who paid taxes on unemployment benefits received during the coronavirus pandemic.The agency said that unemployment recipients eligible for tax breaks enacted through...
Related topics: Unemployment, Taxes

Read More →

Irs Could Automatically Refund Taxes For Unemployment Benefits - Cnet

Some unemployed workers might receive a second refund check in May.
Related topics: Taxes, Unemployment

Read More →
What is noozilla?
Noozilla is an independent news aggregation service with a categorization engine that categorizes millions of news stories by subject.