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The Latest Breaking News from IRS

IRS urges special refund recipients to delay filing taxes

The Internal Revenue Service is recommending that taxpayers hold off on filing their tax returns for 2022 if they received a special tax refund or payment from their state last year

The Independent UK

5 side hustles you can do from home that can earn you an extra $20,000 per year

Side hustles can help you explore your hobbies and pad your budget.

Fortune

Short Circuit: A Roundup of Recent Federal Court Decisions

Alaskan Natives, Alaska Airlines, and Alaskan students.

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

Hunter Biden tries to turn tables on GOP

Hunter Biden demanded an investigation into the theft of his laptop and sent cease-and-desist letter to Fox News

Salon

Read: Hunter Biden's lawyers request criminal investigation

Read the letters his attorneys sent the DOJ, IRS, Delaware attorney general and Fox News' Tucker Carlson.

Axios

Tax returns: scams are rising rapidly – how to spot a fake phone call and avoid falling victim

Tax deadlines, such as the annual January 31 deadline for filing UK self-assessment tax returns, typically cause an uptick in tax scams. This year, for example, an ad for a costly connection service disguised as the British tax authority’s phone number is appearing at the top of search engine results…

The Conversation

Son of former state Rep. Eddie Acevedo found guilty on tax charges

Alex Acevedo, his brother Michael Acevedo and their father were each charged with cheating on their taxes in separate indictments handed up in February 2021.

Chicago Sun-Times

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Trump used Freedom of Information Act request to slow IRS release of his taxes

Mr Trump had the authority to ask for the records during his presidency but instead used the Freedom of Information Act

The Independent UK

Give gun owners a tax break for getting rid of their weapons

The tax code should be amended so those who legally own a firearm can turn it in and receive a tax deduction on their federal income tax return.

Chicago Sun-Times

A federal EV program can save you thousands. How does it work and how do you apply?

Electric vehicles are typically seen as expensive cars to own. But an updated, federal tax program designed to make them more affordable could credit you up to $7,500 for purchasing a new clean vehicle.

Tribune News Service

Son of ex-state Rep. ‘Eddie’ Acevedo goes on trial, fights tax charges tied to Madigan probe

Alex Acevedo, his brother Michael Acevedo and their father were each charged with cheating on their taxes in separate indictments handed down in February 2021. Edward Acevedo pleaded guilty in December 2021 to tax evasion, was sentenced to six months behind bars and was released last month.

Chicago Sun-Times

GOP wants to impose 30% US sales tax

The bill would also eliminate corporate income taxes and abolish the IRS

Salon

Chris Brown mocked for ‘department store’ sized closet in his house: ‘This isn’t a flex’

‘If you can pay for a department store, please pay to organise it for convenience sake,’ said one fan

The Independent UK

Tax season already? Some tips for avoiding stress and scams

Tax season is here again

The Independent UK

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Chicago Sun-Times

IRS harshly punishes taxpayers who accidentally break the rules

The main function of the IRS is separating people from their money, and its chief tool is fear, as illustrated by the $2.1 million penalty it imposed on an 82-year-old grandmother for failing to file a form on time.

Axios

Why your tax refund might shrink in 2023

Pandemic-era policies are expiring, leading to smaller refunds.

Reason

The IRS Serves Its 'Customers' by Terrifying Them

A $2.1 million penalty for failing to file a form on time reveals the agency’s true nature.

Los Angeles Times

Jamie Lee Curtis’ reaction to her first Oscar nod is so pure: ‘No filters. No fakery’

LOS ANGELES — Jamie Lee Curtis — the self-appointed 2023 awards season cheerleader — had a pure, gleeful reaction to her first Academy Awards nomination after a long career in Hollywood.

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news in one place.

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The Independent UK

Extreme Israeli group takes root in US with fundraising bid

An Israeli group raising funds for Jewish extremists convicted in some of the country’s most notorious hate crimes is collecting tax-exempt donations from Americans

Reason

Supreme Court Declines Case Challenging Excessive IRS Penalties

Should an elderly grandmother be forced to hand over millions of dollars to the government for failing to file a particular form?

Reason

Justice Gorsuch's Dissent from Denial of Review in an Excessive Fines Clause Case

Here's his opinion from today's Toth v. U.S.: In the 1930s, Monica Toth's father fled his home in Germany to escape the swell of violent antisemitism. Eventually, he found his way to South America, where he made a new life with his young family and went on to enjoy a…

Fortune

Tax season 2023 gets underway. Your questions answered

IRS starts accepting and processing 2022 returns on Jan. 23, but last-minute filers will have a little extra time.

WEKU

Your tax refund will likely be smaller this year. Here are more things to know

The IRS starts accepting tax returns for 2022 on Jan. 23. A financial expert breaks down the changes from last year, and shares her tips for coping with tax season.

Chicago Sun-Times

Cook County Commissioner Sean Morrison took $300K from nonprofit linked to Ken Griffin

Morrison got the money in his tight reelection race from a nonprofit that has financial ties to a PAC funded by the billionaire.

The Conversation

The weaponization of the federal government has a long history

Now that House Republicans have created a “Select Subcommittee on Weaponization of the Federal Government,” let’s revisit a classic of that power-abusing genre, featuring its greatest star, Richard M. Nixon.

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