Thursday, February 6

Tag: Internal Revenue Service

Haven’t filed your taxes yet? Here are some last-minute tips
4Apr By adminNo Comments
Money

Haven’t filed your taxes yet? Here are some last-minute tips

Haven't filed your taxes yet? Here are some last-minute tips - CBS News Watch CBS News Americans have until April 15 to file their taxes or file an extension. If you live in Maine or Massachusetts, you have until April 17. An expert offers some last-minute tips if you still have to file. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On
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The Employee Retention Tax Credit Is the Biggest Covid Scam
28Dec By adminNo Comments
Business

The Employee Retention Tax Credit Is the Biggest Covid Scam

It’s hard to feel sorry for the Internal Revenue Service, but cleaning up for Congress is never fun. The Covid employee retention tax credit is turning into a classic case of government waste and fraud. Congress created the mess, leaving it to the IRS to mop up. Pandemic transfer payments and student-loan forbearance ended this year, but the employee retention tax credit (ERC) is a Covid giveaway that keeps on giving. The government has paid $230 billion in claims, including about $120 billion this year. The taxpayer bill will keep growing since employers have until April 2025 to claim the credit on wages paid through 2021.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Ex-IRS Contractor Pleads Guilty In Leak Of Trump’s Tax Return Information
13Oct By adminNo Comments
Politics

Ex-IRS Contractor Pleads Guilty In Leak Of Trump’s Tax Return Information

WASHINGTON (AP) — A former contractor for the Internal Revenue Service charged with leaking tax information to news outlets about former President Donald Trump and thousands of the country’s wealthiest people pleaded guilty to a federal charge Thursday in an agreement with prosecutors.The Justice Department charged Charles Edward Littlejohn, 38, of Washington, D.C., with stealing tax return information and giving it to two news outlets between 2018 and 2020.U.S. District Judge Ana Reyes said she was deeply troubled by his actions that affected Trump and thousands of other people. “When we have people, for whatever reason, take the law into their own hands society doesn’t function,” she said. “Make no mistake, this was not acceptable. If anyone tells you the ends justify the means, they’re...
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