Tax season already? Some tips for avoiding stress and scams
NEW YORK (AP) — For many people filing U.S. tax returns — especially those doing it for their first time — it can be a daunting task that's often left to the last minute.[San Marcos, TX] [Hays County news] News San Marcos News, San Marcos Record [Texas State]sanmarcosrecord.com
House GOP passes repeal of IRS funding boost as its first bill in the majority
House Republicans fulfilled a key campaign promise on Monday, passing legislation to rescind the bulk of an IRS funding boost signed into law last year, marking the first bill passed by the GOP-controlled House this Congress. The bill, which is unlikely to see action in the Democratic-controlled Senate, passed in a party-line 221-210 vote on…news.yahoo.com
EXPLAINER: What's the debate over releasing Trump's taxes?
Now that the Democratic-controlled House Ways and Means Committee has voted to release former President Donald Trump’s tax returns, there's the potential of additional revelations in the coming days related to the finances of the longtime businessman.
Man, wife sentenced after stealing over $1M in restaurant investment fraud scheme, officials say
A San Antonio couple was federally sentenced to prison for failing to report their income to the IRS and scheming to defraud business investors of over a million dollars, according to the Department of Justice.
Feds launch website for claiming part 2 of child tax credit
The White House and Treasury Department launched a revamped Child Tax Credit website meant to help people who were eligible for the expanded tax credit under last year’s pandemic relief bill claim the second half of the payment they were due.
Advance child tax credit payments from IRS might not be available for parents of kids who were born in 2021
Another round of child tax credit payments from the Internal Revenue Service is set to hit accounts of qualifying families on Monday but for people who had a baby in 2021, there might not be any advance payments at all.
Leak of billionaires' tax data draws GOP outcry over privacy
Republicans in Congress are alarmed by the leak of confidential IRS data to ProPublica that has enabled the investigative news organization to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times.
Need some extra time to file your taxes? You got it
The Internal Revenue Service says it’s delaying the traditional tax filing deadline from April 15 until May 17. The new deadline does not apply to estimated tax payments that are due on April 15; those remain due by that day. The pandemic hit in the middle of last year’s tax filing season, setting the agency back in terms of processing. A number of lawmakers and professionals from the tax community have urged the tax filing season be extended to accommodate for these pressures. Rettig is expected to speak to the committee tomorrow about how the IRS is managing this filing season and the need for this extension.
Before you file taxes online, here’s how to do it securely
SAN ANTONIO – Like most Americans, Matthew Starcez is filing his tax return online. “We’ve been doing our taxes online for the last seven years,” he said. Even if someone steals your password, multi-factor or two-factor authentication could still stop them from getting into your account. But before you even file, security experts say it’s a good idea to make sure your sensitive online financial accounts and router are secure with strong passwords. It’s also available for Mac and Windows computers, but you may need to enable it in the security settings.