Category: #Taxes
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IRS chief orders security review as GOP targets agency with inflammatory rhetoric
The IRS is reviewing the security at all of its facilities after some Republicans charged that the agency would use a major boost in funding…
The New EV Tax Credit Is a Total Mess
For those unaware, the electric vehicle tax credit is officially back and bigger than ever. The Inflation Reduction Act of 2022 changed which new EVs get a…
The $80 billion question: What will the IRS do with all its new money?
The IRS is about to get a big chunk of change, and you’re going to be hearing a lot about it between now and the…
An unusual deal gave Virginia Gov. Glenn Youngkin $8.5 million in stock. He paid $0 in tax on it.
A shareholder of the Carlyle Group, a private equity firm formerly led by Virginia Gov. Glenn Youngkin, alleges that a 2020 deal enriched executives at…
Colombia’s new president Petro proposes ambitious tax reforms
The reforms are key to Gustavo Petro’s vision of building a more equitable country, with less reliance on oil revenues. Source: https://www.aljazeera.com/news/2022/8/9/colombias-new-president-petro-proposes-ambitious-tax-reforms Droolin’ Dog sniffed…
Democrats prepare for showdown over key spending and climate bill – live
Senate Democrats move forward with $740bn package Sign up to receive First Thing – our daily briefing by email Setting the stage for a week…
Here’s what to know about the Manchin-Schumer tax deal
Democrats may be shocked by the last-minute tax deal announced Wednesday by Sen. Joe Manchin and Majority Leader Chuck Schumer, but it is nevertheless a…
Senate Democrats reach an agreement to raise taxes on some high earners
Senate Democrats have reached an agreement to raise taxes on some high earners whom they say are abusing a loophole to slash their tax bills,…
President Biden to Propose 3-Month Suspension of Federal Gas Tax
President Joe Biden will ask Congress to suspend the federal gasoline tax for three months in a speech on Wednesday afternoon, according to a new…
Joe Manchin calls EV tax credits “ludicrous” in Senate hearing
Enlarge / US Senator Joe Manchin likes the coal industry, doesn’t like electric vehicles. (credit: J. Scott Applewhite-Pool/Getty Images) Senator Joe Manchin called federal tax…
States are flush with marijuana money and fighting over what to do with it
Activists and politicians are sparring over whether marijuana cash should go to communities targeted by drug arrests. Source: https://www.nbcnews.com/news/us-news/states-flush-marijuana-money-are-now-fighting-over-what-do-n1291970 Droolin’ Dog sniffed out this story…
Gas price spike pressures governors to lower taxes
ALBANY, N.Y. — Decades-high inflation was already giving Americans a headache. Then came Russia’s invasion of Ukraine, which sent gas prices soaring. Now, blue and…
Fearing filing season chaos, IRS hits pause on web tool for Child Tax Credit
The White House has put on ice an online tool it had widely promoted as a way for people at the bottom of the income…
Colorado to become first US state to accept cryptocurrency tax payments
Governor says state will except crypto payments converted into a dollar value, which would then be deposited in the state’s treasury Colorado is slated to…
Flush with cash, states eye tax cutting spree
Less than a year after Democrats approved a half-trillion dollars in aid to state and local governments, many are now considering cutting taxes. In red…
How to Talk to a Real Human Being at the IRS
Read more… Source: https://lifehacker.com/how-to-talk-to-a-real-human-being-at-the-irs-1848549096 Droolin’ Dog sniffed out this story and shared it with you. The Article Was Written/Published By: Jordan Hicks
Taxpayers face overloaded IRS as filing season opens Monday
An IRS worker shortage, a huge workload from pandemic-related programs and a stalled legislative boost in funding to help process returns will mean a painful…
Tax season nightmare ahead for understaffed IRS
The IRS will start accepting 2021 tax returns in less than a week, and the filing delays and administrative headaches to come might eclipse last…
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…
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