Tag: IRS

White House Quiet on IRS Agent’s Visit to Home of ‘Twitter Files’ Journalist Matt Taibbi

The White House on Wednesday remained silent when asked whether a visit by an IRS agent to “Twitter Files” journalist Matt Taibbi’s home on the day he was testifying in Congress on government abuse of power was politically motivated. Taibbi, who’s been a journalist for decades, was one of several reporters to be granted exclusive…


IRS Warns of Scams Spreading on Social Media That Could Get ‘Well-Meaning Taxpayers in Trouble’

The Internal Revenue Service (IRS) has issued a warning that inaccurate or misleading tax information is circulating on social media that lures otherwise honest taxpayers into “compromising tax situations” which can lead to legal problems. As part of its “Dirty Dozen” series of warnings for taxpayers during tax-filing season, the IRS stated in a press release…


IRS Announces Tax Relief for Mississippi Storm Victims

The Internal Revenue Service (IRS) has announced tax relief for Mississippi residents and businesses impacted by the recent tornadoes and severe storms. The tax relief extends the deadline for filing various federal individual and business tax returns—and making tax payments—until July 31, 2023, the IRS said in a press release. “The IRS is offering relief…


Jim Jordan Presses IRS to Explain Unannounced Visit to Matt Taibbi’s Home

Rep. Jim Jordan (R-Ohio) on Monday demanded answers from the Internal Revenue Service (IRS) about why an IRS agent allegedly made an in-person visit to the New Jersey home of investigative journalist Matt Taibbi, with Jordan suggesting possible witness intimidation. Jordan penned a letter to IRS Commissioner Daniel Werfel and Treasury Secretary Janet Yellen, in…


Many Americans Likely in for Tax Refund Disappointment: Survey

A recent survey of taxpayers shows a large number of Americans anticipated a tax refund that is either the same size or larger than last year’s. The survey, released by tax-preparing software firm TaxAct this month, showed that only about 30 percent of Americans anticipated “receiving less of a refund on their 2022 returns” despite recent…


IRS Warns of New Scam Offering to ‘Help’ People Set Up Online Accounts but Stealing Data Instead

The Internal Revenue Service (IRS) has issued a warning for taxpayers to be vigilant of scammers who attempt to sell or offer assistance in setting up an Online Account on IRS.gov, putting their tax and financial information at risk of identity theft. “Scammers are coming up with new ways all the time to try to…


IRS Warns of New Scam Offering to ‘Help’ People Set Up Online Accounts

The Internal Revenue Service (IRS) has issued a warning for taxpayers to be vigilant of scammers who attempt to sell or offer assistance in setting up an Online Account on IRS.gov, putting their tax and financial information at risk of identity theft. “Scammers are coming up with new ways all the time to try to…


IRS Warns of ‘Relentless’ Wave of Tax Scams Targeting Americans

The Internal Revenue Service (IRS) has issued a warning to taxpayers and businesses about an unrelenting wave of tax scams targeting Americans through email and text messages during this filing season. With the tax filing deadline quickly approaching, the IRS has issued a notice urging people to be on guard for phishing and smishing schemes…


IRS Issues Fresh Warning in ‘Dirty Dozen’ List of Tax Scams

The IRS has issued a warning to taxpayers and businesses about unscrupulous promoters who are falsely advertising the availability of Employee Retention Credits (ERCs) in order to gain fraudulent refunds. Taxpayers have been bombarded with inaccurate information on eligibility and computation of the credit, according to an IRS notice that adds ERC schemes as a…


Job Plus a Side Gig? Avoid These Mistakes

At the beginning of the year, many people have their eyes set on goals. Some of these goals may include increasing your income, starting a dream business, or both if you’re reaching for the stars. Before you get your hands dirty in the sometimes chaotic combination of formal employment and entrepreneurship, here are a few…