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The Latest Breaking News from IRS

Tax day: Venmo and PayPal users face more paperwork under new US rules

Americans paid through digital payment service required to notify IRS of payments amounting to more than $600 a year, down from $20,000

The Guardian - US

¿Cuándo recibirá su reembolso fiscal? He aquí por qué tardaría más de lo habitual

WASHINGTON — Si presentó su declaración de impuestos federales sobre la renta electrónicamente antes de la fecha límite del lunes y, si recibe un reembolso, debería recibirlo antes del 9 de mayo.

McClatchy Washington Bureau

When will you get your federal tax refund? Here’s why it could be a longer wait than usual

WASHINGTON — File your federal income tax return electronically by Monday's deadline, and if you’re getting a refund, you should get it by May 9.

McClatchy Washington Bureau

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Tax prep fees eating into refunds for low-wage workers

Even more galling — most of these folks qualify for free filing services.

Axios

On Tax Day, an extension may be better than rushing a return

Monday is Tax Day, the federal deadline for individual tax filings and payments

The Independent UK

What Time Is the Tax Deadline?

If you like to wait until the last possible minute to file your tax return, you should at least know how much time you have.

Kiplinger

Tax Day laggards: Consider filing for extension if in a rush

Millions of Americans wait until the last minute to file their taxes, and this year is no exception

The Independent UK

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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

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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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

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.

Benzinga

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…

The Guardian - US

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

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Tribune News Service

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?…

Roll Call

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.

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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