IRS

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More Bad News for Baltimore's Self-Publishing Mayor

Raids conducted at several locations linked to Catherine Pugh

(Newser) - Baltimore Mayor Catherine Pugh remained on paid leave Thursday following a bout of pneumonia, while FBI agents were hard at work. A spokesman confirms agents from the Baltimore FBI office and Washington IRS office raided City Hall, two homes owned by Pugh, and the office of her attorney early Thursday,...

Congress May Kill Chance of Free IRS Tax Filing

ProPublica reports that a bipartisan bill would bar the creation of such a system

(Newser) - It's beginning to look like the IRS will never provide a free online tax-filing system for Americans, reports ProPublica . The news outlet blames heavy lobbying from the likes of TurboTax and H&R Block. A bill with bipartisan support has cleared the House Ways and Means Committee, and one...

House Democrats Make Big Move on Trump Tax Returns

Committee chairman asks IRS for 6 years of returns

(Newser) - A House committee chairman on Wednesday formally asked the IRS to provide six years of President Trump's personal tax returns and the returns for some of his businesses as Democrats try to shed light on his complex financial dealings and potential conflicts of interest. The request by Massachusetts Rep....

Trump's Fed Pick Has Large Unpaid Tax Bill

IRS is pursuing Stephen Moore for $75K

(Newser) - President Trump's controversial choice for a seat on the Federal Reserve board doesn't have his own finances in order, according to court documents. A federal tax lien in Maryland says conservative commentator Stephen Moore, who owns a home in the state, owes $75,328 in taxes and penalties,...

Tax Refunds Are Smaller, and People Are Ticked
Tax Refunds Are Smaller,
and People Are Ticked
in case you missed it
Feb 16, 2019 2:00 PM CST

Tax Refunds Are Smaller, and People Are Ticked

Average return is $1,865 under new tax code, down 8% from last year

(Newser) - The IRS is out with early numbers on tax refunds in 2019, and people hoping for a bump under the new tax changes are being unpleasantly surprised. In the first week of the filing season, the average refund was $1,865, down about 8% from last year's average of...

Thousands of Workers Recalled by IRS Stay Out

Furloughed employees were to help with tax refunds, but many claim hardship or can't be reached

(Newser) - Thousands of workers ordered to return to their jobs without pay by the IRS have not done so, Politico reports. Many of those employees recalled to help with the tax-return filing crunch have claimed financial hardship. IRS officials told House staffers, per the AP , that as of Tuesday, about 12,...

Feds Say Shutdown Won't Delay Tax Refunds

Furloughed workers will be recalled

(Newser) - Relief for taxpayers? The administration says there will not be delays to tax refunds despite a government shutdown stretching into its third week. Acting White House budget office director Russell Vought says refunds will go out on time. He told reporters Monday that rules will be changed to make the...

In Shutdown, a 'Wrench' in Getting Your Tax Refund?

IRS employees who process tax refunds are among first to be furloughed

(Newser) - The Internal Revenue Service may not be anyone's favorite government agency, but many taxpayers may be pulling for it to regain full staffing over the next few weeks. That's because tax refunds may be delayed this year, thanks to the partial government shutdown, USA Today reports. Per a...

Happy Tax Day; IRS Online Payment Site Is Down
Tax Day Is Now
Tomorrow
updated
Apr 17, 2018 7:01 PM CDT

Tax Day Is Now Tomorrow

After IRS online payment site fails

(Newser) - The IRS is giving all taxpayers an extra day to file after its website went down on deadline day, the AP reports. The agency announced that individuals and businesses with a filing or payment that was due Tuesday now have until midnight Wednesday. It said no additional paperwork is needed...

He Paid the IRS $500M Last Year. This Year, It's $1B

John Paulson's bill for his big bet on subprime mortgages has come due

(Newser) - If you find yourself forced to write a check to the IRS come April 17, know that John Paulson feels your pain—and owes more than can fit on a single check. Paulson put down big stakes against subprime mortgages before the 2008 crash and earned billions in the process....

Using Contractors to Collect $6.7M Cost IRS $20M

Watchdog says program is harming taxpayers

(Newser) - The Internal Revenue Service's outsourcing of tax debt collection is costing the IRS about $3 for every $1 it brings in, according to a report from a federal watchdog. National Taxpayer Advocate Nina Olson, head of the Taxpayer Advocate Service, said in her annual report to Congress Wednesday that...

Mueller Probe May Have Joined Forces With the IRS

It's one way to get to Trump's tax returns

(Newser) - In his investigation of alleged Russian election meddling, Special Counsel Robert Mueller has reportedly teamed up with the agency that brought down Al Capone: the Internal Revenue Service. Sources tell the Daily Beast that the former FBI director is now working with members of the IRS Criminal Investigation Division, which...

A US Senator Just Raised a Man From the Dead

The IRS wrongly declared Adam Ronning dead 29 years ago

(Newser) - For everyone who says Congress doesn't get anything done: A US senator just raised a Minnesota man from the dead. KMSP reports the IRS wrongly declared Adam Ronning dead 29 years ago when he was just 4 years old. Despite this, Ronning continued to pay taxes every year as...

'Bad Optics' for Trump: Big Backer in Showdown With IRS

Billionaire Robert Mercer's hedge fund fighting $7B in back taxes

(Newser) - Two key facts about billionaire Robert Mercer: He is, in the words of a recent New Yorker profile, the "reclusive hedge-fund tycoon behind the Trump presidency." Second, the IRS is going after his Renaissance Technologies fund for nearly $7 billion in back taxes. All of which sets up...

Howard Stern, IRS Sued for Broadcasting Conversation

Woman says tax talk was heard by 1.2M listeners

(Newser) - Taxpayers who call the IRS for advice should have a reasonable expectation that their call will not be broadcast on Howard Stern's radio show, according to a lawsuit filed in Massachusetts this week. In the lawsuit, Judith Barrigas says she called the IRS to discuss a private tax matter...

Tax Refunds Delayed for Low-Income Families

IRS needs more time to guard against identity theft

(Newser) - The IRS is delaying tax refunds for more than 40 million low-income families this year as the agency steps up efforts to fight identity theft and fraud. The delays will affect families claiming the earned income tax credit and the additional child tax credit. These tax breaks are geared to...

Seeking Good PR, IRS Busted With Wrong Capone Gun

After input from readers, the IRS has gotten its story straight

(Newser) - It was a story the Internal Revenue Service needed to get right, a we-done-good look back at the 1931 conviction of legendary gangster Al Capone for tax evasion—a feat they pulled off when no one else could get him on any other charges. Hoping for some good press, the...

The Genius Way People Are Paying Nelly's $2.6M Tax Bill

By streaming 'Hot in Herre' and other Nelly hits about 287.2M times

(Newser) - Cornell Iral Haynes Jr. is in trouble with the taxman, but you may be able to help. You also might be more inclined to lend a hand if you recognize Mr. Haynes by his stage name, Nelly, and realize that it would take just a few minutes on Spotify to...

Trump Camp: He's Not Releasing His Taxes

Spokesman again cites audit as Trump himself denies ties to Russia

(Newser) - Rumors swirling that Donald Trump may have teamed up with Vladimir Putin to take down Hillary Clinton are just that—rumors, says the Republican nominee. "I don't know anything about it … It's ridiculous," Trump tells CBS News . "I mean I have nothing to do...

Trump: Here's Why I Won't Release My Tax Returns

Presidential candidate talks about the audit thing

(Newser) - Donald Trump is sticking to his new explanation for why he can't yet release copies of his recent tax returns: The IRS is auditing him, as Trump says it has for the past 12 years. "No lawyer would ever allow you to release a tax return while you'...

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