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The Latest Breaking News from IRS

Bidens paid 24.6% taxes on $610,702 earnings, returns show

President Joe Biden and his wife, Jill, earned $610,702 during their first year in the White House and paid $150,439 in federal income taxes

The Independent UK

Americans Will Spend 6.5 Billion Hours on Income Taxes This Year

The IRS takes not only your money, but a lot of your time.

Reason

'Everything Everywhere All at Once' explained: Hot dog hands, empathy challenges and meaning in the absurd

From IRS audits to sentient rocks to hot dog hands and beyond, the mundane and the inane collide with the profound in "Everything Everywhere All at Once," the Michelle Yeoh A24 action sci-fi pic that's drawn at-times-ecstatic acclaim since opening in limited release last month.

Los Angeles Times

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The HSA Contributions Deadline Is Almost Here

The HSA contributions deadline for 2023 is fast approaching, but you still have time to contribute and potentially reduce your tax liability.

Kiplinger

Leak: Top 15 earners pay low tax rates

Some billionaires have effective federal income tax rates as low as 4%

Salon

Dogecoin Trades Muted As Rival Meme Coin Shiba Inu Makes Way To Robinhood

Dogecoin (CRYPTO: DOGE) traded 1% lower over 24 hours at $0.1395 in the early hours of Tuesday morning as a key rival cryptocurrency saw a bullish signal. DOGE was volatile at press time along with major coins as the global cryptocurrency market cap declined 0.3% to $1.87 trillion.

Benzinga

Esta es la nueva estafa: Fraude de identidad sintética

En otoño de 2020, Adam Arena, de 43 años, y una docena de presuntos cómplices fueron acusados en Nueva York de intentar estafar a bancos más de un millón de dólares a través de un esquema conocido como "fraude de identidad sintética".

Tribune News Service

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Running behind on taxes? Here’s how to file for an extension as deadline approaches

The federal tax deadline is nearing, but there’s still time to file for an extension if you’re running behind.

McClatchy Washington Bureau

Running behind on taxes? Here’s how to file for an extension as deadline approaches

The federal tax deadline is nearing, but there’s still time to file for an extension if you’re running behind.

McClatchy Washington Bureau

Cannabis Chart Of The Week: The Enormous Tax Impact On Marijuana Companies From IRS Code 280E

Public U.S. companies filing financial statements under GAAP must include a comprehensive tax footnote that details timing differences and permanent differences. Most of the tier one MSOs in the graph have filed annuals with footnotes that explicitly document the impact of 280E taxes. Verano (CSE:VRNO) and Jushi (OTCQX:JUSHF) have not…

Benzinga

Michelle Yeoh, martial arts and the multiverse: inside the year’s wildest movie

Genre-bending hit Everything Everywhere All at Once is being called 2022’s first genuine masterpiece, a hugely inventive fantasy inspired by The Matrix

The Guardian - US

Thieves hit on a new scam: Synthetic identity fraud

In fall 2020, 43-year-old Adam Arena and a dozen suspected co-conspirators were indicted in New York on charges of trying to swindle banks out of more than $1 million through a scheme known as “synthetic identity fraud.”

Tribune News Service

Real estate Q&A: As a foreign national selling my condo, do a portion of the sales need to go to the IRS?

Q: I am a foreign national who owns a condo in Florida that I want to sell. I am being told that a portion of the sales price needs to be sent to the IRS at the closing. Is this true? And if so, how can I get it back?…

Tribune News Service

Obama and Biden reunite to tout signature health care law - Roll Call

President Obama returned to the White House Tuesday to celebrate the Affordable Care Act with his former vice president, Joe Biden.

Roll Call

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Reuters

Exclusive-U.S. suspends tax information exchange with Russian authorities

The U.S. Internal Revenue Service has suspended information exchanges with Russia's tax authorities in a bid to hamper Moscow's ability to collect taxes and fund its war against Ukraine, the Treasury Department told Reuters on Tuesday.

The Independent UK

Stacey Abrams reaches millionaire status before 2nd campaign

Georgia Democrat Stacey Abrams has become a millionaire

Tribune News Service

Commentary: The IRS doesn’t need more workers, it needs less work

Tax day is approaching, and a shorthanded Internal Revenue Service just got a $675 million boost (6%) from Congress and the president. But money won’t fix this problem. We can solve it—and maybe some other problems—with tax reform.

Chicago Sun-Times

‘Everything Everywhere All at Once’ a playful skip through the multiverses of hot-dog fingers and cooking raccoons

Rarely has a trip to the IRS yielded such cosmic, metaphysical digressions as it does in this antic movie with the spin cycle set to supercollider.

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news in one place.

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Los Angeles Times

Michael Hiltzik: The FTC sues TurboTax for trying to keep you from filing your taxes for free

For what seems like forever, Americans have been asking why it's so damn hard — and expensive — to file their taxes.

Tribune News Service

Tax-loss harvesting: How to turn investment losses into money-saving tax breaks

Kiss your poor investment goodbye and get a tax break for doing it – that’s the idea behind tax-loss harvesting. It can be a smart move to make if you’re holding on to an underperforming stock or fund and you’re looking offset gains realized from selling another one of your…

McClatchy Washington Bureau

The IRS promises your tax refund within three weeks. Here are some exceptions

WASHINGTON — More people are getting bigger federal tax refunds this year, but not everyone will be getting their refund within the 21 days the Internal Revenue Service promised.

Mic

A procrastinator’s guide to filing your taxes (late)

April 18 doesn't have to be scary.

The Independent UK

IRS unit gets no funds to enforce sanctions on rich Russians

The IRS criminal investigation arm tasked with tracking down sanctioned Russian oligarchs' property failed to receive an infusion of money in the Ukraine aid package

The Independent UK

Nicolas Cage clears up ‘misconception’ about reason why he accepted dozens of VOD movie roles

‘If there was a misconception, it was that,’ actor said

Ballotpedia

Checks and Balances: Illinois Joint Committee on Administrative Rules blocks governor’s emergency rule

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

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