The new German leader is here in Washington for the first time Monday. His talks with U.S. President Joe Biden are dominated by one topic. Biden’s national security adviser warned over the weekend that a Russian invasion of Ukraine may be imminent. Congressman Michael Guest, vice ranking member of the Committee on Homeland Security, tells…
NTD Evening News Full Broadcast (Feb. 7)
The school mask mandate in New Jersey will end on March 7, GoFundMe defunded millions of dollars from the Canada-based Freedom Convoy over the weekend, and the IRS has reversed its plan to require facial recognition technology.
IRS Abandons Plans to Require Third-Party Facial Recognition
The Internal Revenue Service (IRS) will not use a third-party company to verify new accounts with facial recognition, the agency announced on Monday in a news release. The proposed move, which would have used the company ID.me, was criticized resoundingly by privacy advocates and some members of Congress, who say the technology is flawed and…
IRS Will Require Face Scans to Access Taxes Online
The Internal Revenue Service (IRS) will start requiring people to provide a photo of themselves to a third-party company to verify their identification before they can access their online accounts. This applies to people who created an online account to manage their tax records with the IRS. The login credentials will not work to gain…
Why Uncle Sam Must Neuter Crypto to Save the Dollar
Commentary U.S. financial authorities regard cryptocurrencies as a capital flight threat to the weakening greenback—unlike dollar-denominated stocks and bonds. Today, 16 million Americans have obtained online crypto tokens—a wildly popular capital flight escape hatch from the incredible shrinking dollar. That so many investors are converting their weak dollars into cryptocurrencies is a major worry for…
Venmo, Cash App, and Zelle Now Required to Report Transactions Over $600 to IRS and Users Are Upset
A new tax law that took effect at the start of 2022 is not being welcomed by users of mobile payment services. What Happened Starting this year, the IRS is requiring mobile payment apps such as Zelle, Block Inc.’s Cash App and Paypal Holdings Inc.’s Venmo to report business transactions totaling more than $600. The new provision only affects businesses…
Watchdog Blasts IRS for Giving Taxpayers ‘Horrendous’ Customer Experience
A watchdog monitoring the Internal Revenue Service (IRS) has issued a scathing report blaming the tax agency for delivering a “horrendous” customer experience to taxpayers in filing year 2021, including the worst ever phone service and long refund delays. The Taxpayer Advocate Service (TAS), an independent organization within the IRS that works to help taxpayers…
Tax Season Begins 2 Weeks Early Due to Virus, IRS Funding
January 11, 2022
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WASHINGTON—This year’s tax filing season will begin on Jan. 24, 17 days earlier than last year, the Internal Revenue Service announced Monday. The IRS is warning that a resurgence of COVID-19 infections on top of less funding authorization from Congress than the Biden administration had requested could make this filing season particularly challenging. “The pandemic…
Live Q&A: IRS Begins Taxing Profits From Crime; Ghislaine Maxwell Guilty for Child Sex Trafficking
December 30, 2021
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It used to be said that crime doesn’t pay. But now, according to the IRS, not only does crime pay, but that pay is a taxable asset—and they want a cut. The Internal Revenue Service is now saying that criminals need to report income from crime when they file their taxes. The IRS website now…
NTD News Today Full Broadcast (Nov. 12)
Sen. Joe Manchin (D-W.V.) is raising concerns about another provision in President Joe Biden’s social spending plan: giving extra incentives to buy union-made electric vehicles over other EV’s. House Republicans are questioning the Internal Revenue Service (IRS) over its decision on a Christian organization. The lawmakers are concerned that the IRS may have systematic political…
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