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The Latest Breaking News from IRS

Biden Wants a Higher Child Tax Credit and So Do Some Republicans

President Biden wants to revive the higher child tax credit and monthly advance payments, while some Republican senators have their own ideas for the popular tax break.

Kiplinger

Federal Employees Don't Like Paying Taxes Either

Uncle Sam's own workers owe $1.5 billion, and growing, in unpaid taxes.

Reason

Millennial Money: Job plus a side gig? Avoid these mistakes

It’s the first quarter of the year, and many people may be interested in starting side hustles for extra income or to finally pursue their entrepreneurial dreams

The Independent UK

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read the most diverse news in one place.

For Asian Americans, Yeoh, Quan's Oscar wins are theirs too

Ke Huy Quan’s comeback story from childhood star of ’80s flicks coupled with Michelle Yeoh’s historic win as the first Asian best-actress winner Sunday night had viewers of Asian descents shedding happy tears and grinning

The Independent UK

Turned 73 Last Year? Your First RMD May Be Due April 1

April Fool's Day is an important RMD deadline for some older adults and retirees.

Kiplinger

Oscar-Winning Everything Everywhere All At Once Celebrates Individualism, Free Will

In a chaotic universe full of infinite realities where all choices are relative, individualism still matters.

Reason

Jamie Lee Curtis wins Oscar for best supporting actress

Jamie Lee Curtis made her long-waited first Oscar nomination count

The Independent UK

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Yellen, House Republicans spar over tax increases, debt limit

WASHINGTON — House Republicans slammed the Biden administration’s tax proposals in a hearing with Treasury Secretary Janet L. Yellen on Friday, giving the president’s latest budget request an icy reception.

Tribune News Service

Yellen, House Republicans spar over tax increases, debt limit - Roll Call

House Republicans slammed the Biden administration’s tax proposals in a hearing with Treasury Secretary Janet L. Yellen on Friday.

Roll Call

Rivian Emails Customers About IRS' Rules For EV Tax Credits

Just because the EV you ordered may not qualify for the revamped US EV tax credit doesn't mean you can't get the original credit. The IRS released new guidance.

InsideEVs

IRS nominee Daniel Werfel confirmed by Senate vote

The U.S. Senate has confirmed Daniel Werfel to serve as commissioner of the Internal Revenue Service by a vote of 54-to-42

The Independent UK

Atlanta hospital closure inquiry sought by Georgia Democrats

Democratic Georgia lawmakers, local officials and the NAACP are asking federal officials to investigate a health care system that closed hospitals in downtown Atlanta and a southern suburb

The Independent UK

Biden administration urged to take more aggressive steps to relieve medical debt

Dozens of advocates for patients and consumers, citing widespread harm caused by medical debt, are pushing the Biden administration to take more aggressive steps to protect Americans from medical bills and debt collectors.

Tribune News Service

Medical debt affects millions, and advocates push IRS, consumer agency for relief

More than 50 consumer and patient groups want the Biden Administration to aggressively protect Americans from medical bills and debt collectors. The effort follows a KHN/NPR investigation.

WEKU

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Fortune

Stripe: ‘The IRS can help the next wave of American entrepreneurs. Here’s how’

The IRS should maintain and expand pandemic-era electronic application processes so that new businesses can get up and running.

The Independent UK

NOT REAL NEWS: A look at what didn't happen this week

Social media users shared a range of false claims this week

Los Angeles Times

Next step in surveillance AI: finding out who your friends are

LOS ANGELES — A gray-haired man walks through an office lobby holding a coffee cup, staring ahead as he passes the entryway.

Reason

My Son Did His Taxes for the First Time. Rage Ensued.

Nothing focuses the mind quite so intently on the sheer stupidity of government as doing your taxes.

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news in one place.

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Los Angeles Times

Governor, IRS give Californians until October to file tax returns

Good news for most Californians who owes taxes to the federal or state government: The deadline for filing your return and paying what you owe has been pushed back to October.

Kiplinger

Tax Day: When Is the Last Day to File Your Taxes?

Tax Day falls on April 15 this year. However, some people have an extended tax deadline and extra time to file. Are you one of them?

The Independent UK

Don't miss these 3 tax credits when you file this year

Unlike a deduction, which decreases the income on which you’ll be taxed, a tax credit reduces your overall tax due

Tribune News Service

Incentives and threats: How to avoid scammers 'phishing' for money, personal information

There are certain rites of passage in life. Milestone birthdays, graduations, marriages or births. And of course, that first email from a Nigerian prince who wants your bank account number to safeguard money with the promise you'll receive a fortune in return.

Salon

Anti-choice law firm fuels election lies

Catholic-led law firm sowing doubts about election integrity as part of its long-term strategy to battle abortion

Kiplinger

Filing a Deceased Person's Final Income Tax Return

Unfortunately, death doesn’t relieve one’s obligation to file a final federal income tax return.

Salon

Christian health nonprofit dupes members

Liberty HealthShare saddled thousands with debt as it built a family empire including pot farm, bank and airline

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