Latest News About «IRS»:

    For three months, I tried to get big like Bryson DeChambeau. Here are the results Five Homemade Treats for Cats and Dogs That Will Help Keep Them Cool in Summer Some Taxpayers Face a Desperate Wait for IRS Refunds As a 58-year-old woman on disability, Robin Short of Wallingford, Connecticut, relies on her tax refund to catch up on bills. She filed her return electronically in February, opting for direct deposit so she could get her $773 refund quickly....
    Hundreds of teens at pong fest party in Texas were exposed to coronavirus, officials say McDonalds will stop reopening restaurants for 21 days as COVID-19 cases spike across America What Are the Real Chances Your Taxes Will Get Audited by the IRS This Year? Tax Day may have been pushed back a couple months, but Americans’ fear of getting audited is surfacing right on schedule. © Jade Schulz for Money DS48_Audit_IRS Earlier this year, the IRS delayed the deadline...
    Fact check: Picture of a massive dust cloud is over Phoenix, not Puerto Rico 22 Companies That Have Filed for Bankruptcy Since the Pandemic Began — and 16 That Could Be Next Where’s My Stimulus Check? 6 Reasons You Didn’t Get it Yet The CARES Act, which promised eligible Americans a stimulus check of up to $1,200, passed three months ago by now – but about 35 million still haven’t seen it arrive.[1] © Brian Bienkowski Wheres My Stimulus...
    If you havent claimed your 2016 federal tax refund, youre running out of time to get your share of money that will soon become property of the U.S. Treasury.The Internal Revenue Service reminded taxpayers Wednesday that the three-year window to file for tax year 2016 closes after July 15. The agency estimated that it owes 1.4 million people a total of more than $1.5 billion from that tax year.The midpoint for 2016 refunds is $861, meaning that half of refunds...
    If you havent claimed your 2016 federal tax refund, youre running out of time to get your share of money that will soon become property of the U.S. Treasury.The Internal Revenue Service reminded taxpayers Wednesday that the three-year window to file for tax year 2016 closes after July 15. The agency estimated that it owes 1.4 million people a total of more than $1.5 billion from that tax year.The midpoint for 2016 refunds is $861, meaning that half of refunds...
    If you havent claimed your 2016 federal tax refund, youre running out of time to get your share of money that will soon become property of the U.S. Treasury.The Internal Revenue Service reminded taxpayers Wednesday that the three-year window to file for tax year 2016 closes after July 15. The agency estimated that it owes 1.4 million people a total of more than $1.5 billion from that tax year.The midpoint for 2016 refunds is $861, meaning that half of refunds...
    If you havent claimed your 2016 federal tax refund, youre running out of time to get your share of money that will soon become property of the U.S. Treasury.The Internal Revenue Service reminded taxpayers Wednesday that the three-year window to file for tax year 2016 closes after July 15. The agency estimated that it owes 1.4 million people a total of more than $1.5 billion from that tax year.The midpoint for 2016 refunds is $861, meaning that half of refunds...
    Memphis police clear downtown plaza, detain protesters who camped out for two weeks Poll finds 60% of Americans arent ready to start dining out again, and it shows why restaurants being allowed to reopen wont prevent mass closures 8 Tax Deadlines in July 2020 Life moves quickly. It’s easy to get distracted. But that can be costly. © grejak / Shutterstock.com shutterstock_1696783564 Miss an important financial date or deadline, and you could be on the hook for a penalty...
    Atit Phetmuangtong / EyeEm Regardless of where you live on this planet, if youre an American, Tax Day is on July 15. Perhaps nobody feels this as keenly as taxpayers who reside in foreign countries. Seven out of 10 U.S. citizens abroad dont think they should be required to file U.S. taxes, according to a survey by Greenback Expat Tax Services. The firm polled more than 4,000 American expatriates from March to June 2020. It continues to be a thorn...
    VIDEO2:5102:51Tax Day is two weeks away — Heres what you need to knowSquawk Box With only two weeks left until this years tax filing deadline, now is the time to take the opportunity to make some key moves, which could translate into nice tax savings. The Covid-19 crisis led the federal government to extend the due date for submitting your 2019 federal income tax return to July 15, which is also the last day to make contributions into certain tax-advantaged...
    WASHINGTON, D.C. (CBSNEWS.COM) – The Internal Revenue Service is sticking with a July 15 deadline for Americans to submit their federal income tax, saying that it won’t further postpone the filing date. But if taxpayers aren’t ready to file by then, they can request an extension, which will give them until October 15 to get their returns to the tax agency. Back in March the IRS had pushed Tax Day from April 15 to July 15 because of widespread...
    Americans are approximately two weeks away from the filing deadline in this prolonged tax season and the Internal Revenue Service has received 6.3 million fewer returns than the same point last year, when the filing deadline had come and gone. Here’s a potential bright spot for anyone dreading the July 15 filing deadline: There’s still a good chance they have a refund waiting for them, according to experts studying their own client files and IRS statistics. H&R Block...
    Dear Moneyist, I am asking this question for my friend. He and his wife separated in October 2019. They are trying to represent themselves to avoid costly attorney expenses. They do not have children nor any assets. She kept him in the dark about account numbers and log-in information. They filed jointly in 2018. The COVID-19 stimulus payment was deposited into their joint account, one that neither of them use anymore. As he was unable to check online banking,...
    Millions of Americans are yet to receive their refunds from the IRS due to extreme delays in processing federal income tax returns, according to the National Taxpayer Advocate service. A new report released to Congress this week revealed the IRS had a backlog of 4.7 million paper tax returns as of May 16, after suspending core operations due to the COVID-19 pandemic. The health crisis forced the agency to push back the April 15 filing deadline by three months, however,...
    New York — You have until October 15 of this year to fill out the form with which you will have your stimulus check. You only have to fill out a form to receive your money. Photo:Karolina Grabowska / Pexels Although millions of citizens have already received their stimulus checks, there are still many people who have not obtained it. If you are in this case, then we tell you what you should do. If...
    The owner-operator of a Tinton Falls-based commercial office cleaning business admitted Tuesday that he ducked federal taxes by paying employees off the books. John Storz, 53, of Eatontown pleaded guilty during a video conference before a federal judge in Trenton to failing to collect, account for and pay payroll taxes, as well as tax evasion, an IRS spokesman said. Storz cashed more than $1.2 million of client checks at a check-cashing business, then used most of the cash to pay...
    Maskot/Getty Images Uncle Sam has heard your requests for more time to file your taxes – and they have been denied. The Treasury Department and the IRS will stick with the July 15 deadline for 2019 income tax returns and taxes owed for that year, the agencies said. The announcement came less than a week after Treasury Secretary Steven Mnuchin said that pushing the deadline out further was something we may consider. People who are unable to submit their paperwork...
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    New York — The agencies extended the time to file taxes from April 15 to July 15. Photo:OLIVIER DOULIERY / . / . Neither the Treasury Department nor the Internal Revenue Service (IRS) have plans to extend the July 15 deadline for the tax return. Due to the emergency by coronavirus, the agencies extended the time to file taxes from April 15 to July 15. For most taxpayers, it remains the last day to fulfill...
    Dear Moneyist, I am one of the many Americans waiting on a stimulus check. I’m astounded that I have not received my payment, especially as I qualified, according to all IRS requirements. I just found out that my parents claimed me as a dependent. As soon as I found this out, I filed my 2019 tax return. However, I fear it’s too late for me to receive my $1,200 stimulus check. Is it too late? The tax return deadline for...
    Millions of American taxpayers are still waiting for the IRS to process their federal income tax return — and waiting to receive their refunds, according to a new report from National Taxpayer Advocate Erin Collins.  Collins said in a report to Congress the IRS had a backlog of 4.7 million returns for the 2019 tax year as of mid-May, which is delaying refunds for many.  Taxpayers who filed a 2019 paper return and are entitled to refunds may be in...
    Millions of American taxpayers are still waiting for the IRS to process their federal income tax return — and waiting to receive their refunds, according to a new report from National Taxpayer Advocate Erin Collins.  Collins said in a report to Congress the IRS had a backlog of 4.7 million returns for the 2019 tax year as of mid-May, which is delaying refunds for many.  Taxpayers who filed a 2019 paper return and are entitled to refunds may be in...
    Less than a week after the Government Accountability Office said the Internal Revenue Service cut stimulus checks to 1.1 million dead people, a report Monday from Erin Collins, the National Taxpayer Advocate said the federal tax collector also sent approximately 74,000 checks to people who have locked up by law enforcement. The National Taxpayer Advocate is an office that is independent of the Internal Revenue Service, although the two agencies frequently collaborate. “ ‘The National Taxpayer Advocate recommends...
    Klaus Vedfelt If you took a mandatory distribution from an inherited retirement account this year, the IRS will let you put the money back. The CARES Act, which became law on March 27, allowed individuals to skip required minimum distributions for 2020. This is the annual withdrawal you must take from your individual retirement account and 401(k) plans after you turn 70½ — or, starting this year, 72. Beneficiaries of inherited IRAs were also allowed to bypass this years RMDs, but...
    As I prepare to write an article about filing taxes on a hot, humid day, I can’t help but think about the old TV commercial for a local electronics manufacturer that touted its “Christmas in August Sale.” It just Jill Schlesinger  seems wrong, but for millions of Americans, the early summer weeks will include preparing and paying taxes. Because of the pandemic’s timing and impact, the IRS delayed the tax-filing and payment deadlines from April 15 to July 15. The...