Category: Internal Revenue Service

Attention, Last-Minute Filers: Tax Return Deadline Is Monday, April 17

April 17, 2022
Internal Revenue ServiceLocal NewsNorthern CaliforniaRegional NewsRegional-Local NewsSouthern CaliforniaTax Daytax returnUncategorizedUS
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Tax procrastinators be warned—Monday, April 18, is the deadline to get your taxes filed. The Internal Revenue Service (IRS) began accepting 2021 tax returns in January. While Tax Day is normally April 15, Monday will mark the third year in a row the Internal Revenue Service has extended the filing date for federal tax returns….

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Attention, Last-Minute Filers: Tax Return Deadline Is Monday, April 18

April 17, 2022
Internal Revenue ServiceLocal NewsNorthern CaliforniaRegional NewsRegional-Local NewsSouthern CaliforniaTax Daytax returnUncategorizedUS
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Tax procrastinators be warned—Monday, April 18, is the deadline to get your taxes filed. The Internal Revenue Service (IRS) began accepting 2021 tax returns in January. While Tax Day is normally April 15, Monday will mark the third year in a row the Internal Revenue Service has extended the filing date for federal tax returns….

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Live Q&A: IRS Begins Taxing Profits From Crime; Ghislaine Maxwell Guilty for Child Sex Trafficking

December 30, 2021
Chinese Communist PartyCrossroadsEpochTVGhislaine MaxwellInternal Revenue ServiceIRSJeffrey EpsteinLive VideosVideoWeibo
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It used to be said that crime doesn’t pay. But now, according to the IRS, not only does crime pay, but that pay is a taxable asset—and they want a cut. The Internal Revenue Service is now saying that criminals need to report income from crime when they file their taxes. The IRS website now…

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Democrats ‘Reach Agreement’ to Raise $600 Cap on Biden’s Proposal on IRS Reporting and Surveillance

September 27, 2021
Business & EconomyDemocratsEconomieseconomyExecutive BranchInternal Revenue Servicemoney launderingpersonal dataPolicyPoliticstax gapUSUS News
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Democrats have said they plan to raise the threshold of President Joe Biden’s radical proposal that all bank transactions of more than $600 be reported to the Internal Revenue Service (IRS). The initial proposal (pdf)—which Biden says is aimed at curbing tax evasion—would require banks and other financial institutions to report to the IRS any deposits or withdrawals totaling…

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Home Test for COVID-19 Is Eligible Medical Expense: IRS

September 13, 2021
AMERICABusiness & EconomyCCP VirusCOVID-19delta variantEconomieseconomyInternal Revenue Servicepresident joe bidenUSUS News
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The Internal Revenue Service (IRS) on Sept. 10 said that the cost of home testing for COVID-19 is an eligible medical expense. The IRS said that the cost for home testing for COVID-19 can be paid or reimbursed under health flexible spending arrangements, health savings accounts, health reimbursement arrangements, or Archer medical savings accounts. “That is because the…

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39 Million Households, Including Most US Children, to Receive Stimulus Payments

May 18, 2021
childcareeconomyExecutive BranchInternal Revenue ServiceJoe BidenPoliticsUSUS News
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President Joe Biden’s administration will begin sending about 39 million U.S. families cash child benefit payments in July, the White House announced Monday. Families who qualify will receive monthly payments from the Internal Revenue Service around the 15th of every month for the rest of the year, The Washington Post reported: $300 for children under…

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The Infernal Revenue Service

May 10, 2021
Internal Revenue ServiceIRSOpinionViewpoints
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Commentary Thanks to the beneficence of the Internal Revenue Service—and the fallout from COVID-19—we half of Americans who pay federal income taxes have been given until May 17 to file. Since I began earning enough to file Form 1040 and associated forms, I have only known one person who prepared his own taxes. That was…

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