Category: #Taxes
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More than 30 million families to lose child tax credit checks starting this weekend
Millions of families this weekend will stop receiving monthly child tax payments for the first time in months after Congress failed to pass an extension…
Get ready for ‘frustrating’ tax season, as IRS battles historic backlogs and staff shortages
Get ready for tax refund and filing delays this year, the Treasury Department warned, as the IRS starts tax season with a significant pandemic-born backlog…
Refund Delays? Treasury Says IRS Faces “Enormous Challenges”
Could your tax refund check be delayed? Representatives from the Treasury Department told journalists on Monday that the Internal Revenue Service faces “enormous challenges” in…
Don’t forget to declare income from stolen goods and illegal activities, IRS says
Don’t forget to report to the IRS any income you brought in from drug deals, bribes, stolen goods, prostitution or other illegal activity. Source: https://www.nbcnews.com/business/taxes/dont-forget-declare-income-stolen-goods-illegal-activities-irs-says-rcna10345…
White House suggests possibility of double child tax credit payments in February
White House Press Secretary Jen Psaki on Friday said that the Biden administration would look into the possibility of making double child tax credit payments in…
Billions and trillions: Climate efforts set for big boost if Build Back Better bill passes
For climate experts and policymakers, $1 trillion is just a start. Source: https://www.nbcnews.com/science/environment/climate-change-efforts-set-big-boost-build-back-better-bill-passes-rcna6471 Droolin’ Dog sniffed out this story and shared it with you. The…
Wyden rips Musk over Telsa stock poll: ‘It’s time for the Billionaires Income Tax’
Sen. Ron Wyden (D-Ore.) ripped Tesla and SpaceX CEO Elon Musk Saturday after Musk proposed selling a percentage of his stock on Twitter. Musk’s earlier tweet appeared…
Democrats likely to throw billions in tax hikes overboard as spending plans shrink
Democrats will likely drop hundreds of billions of dollars in proposed tax increases on the rich as they scramble to shrink the size of their…
How South Dakota became a global tax haven on par with the Cayman Islands
South Dakota has become the world’s foremost tax haven — right up there with the Cayman Islands, and ahead of old-fashioned locations like Switzerland. That’s…
Pro-tax millionaires call for rejection of infrastructure package without spending plan
A group of pro-tax millionaires is calling on progressives to reject the bipartisan infrastructure bill the Senate passed last month unless the multi-trillion dollar reconciliation package…
House Democrats will consider $2.9T in tax hikes — mostly on the wealthy and corporations
House Democrats will consider as much as $2.9 trillion in tax hikes for the next 10 years — mostly on the extremely wealthy and corporate…
No EV tax credit if you earn more than $100,000, says US Senate
Enlarge / Sen. Mark Kelly (D-Ariz.) departs the US Capitol at dawn after an overnight session of the US Senate on August 11, 2021, in…
Justice Department says Democrats are entitled to Trump’s tax returns
The Justice Department said Friday that former President Donald Trump’s tax returns may be released to congressional Democrats. Reversing a legal opinion by the Trump…
As Bezos called for tax hikes, Amazon lobbied to keep its tax bill low
As Amazon publicly embraced President Joe Biden’s plan to raise the corporate tax rate across the board, it has also lobbied Congress to preserve a…
Biden’s infrastructure deal gives no clarity on corporate or individual tax rates
President Biden yesterday announced “we have a deal” on an infrastructure bill, while surrounded by a bipartisan group of senators in the White House driveway….
Child tax credit checks could come as a surprise to some
The Biden administration is preparing to send money to millions of Americans — including to some who may not want it. Its plan to have…
States collected $2.7 billion in recreational pot taxes in 2020
Ten states that have legalized the use of marijuana for recreational purposes collected almost $2.7 billion in taxes on pot products last year as sales…
U.S. Treasury calls for stricter cryptocurrency compliance with IRS
Comments Source: https://www.cnbc.com/2021/05/20/us-treasury-calls-for-stricter-cryptocurrency-compliance-with-irs.html Droolin’ Dog sniffed out this story and shared it with you. The Article Was Written/Published By:
Half of Americans say their taxes are too high, but call them ‘fair’: poll
Half of Americans said that their taxes are too high even though a majority also describe them as fair, according to a new Gallup poll…
Yellen: Asking if tax increases will hurt economy ‘not the right question’
Treasury Secretary Janet Yellen argued in an interview published Sunday that those who question whether any hikes to the corporate tax rate or tax rates paid…
Not rich? Good news: You’re probably getting a tax cut.
Everyone knows that Democrats want to raise taxes on the rich, but what hasn’t gotten nearly as much notice is how much they’ve cut them…
Roger Stone claims he’s being persecuted by the IRS. Here’s the truth.
Knowing Stone, he’s bound to spend the next several months complaining that he’s being persecuted by the government. But according to the IRS, he’s no…
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