WASHINGTON (Reuters) – President Donald Trump paid extremely little in income taxes in recent years as heavy losses from his business enterprises offset hundreds of millions of dollars in income, the New York Times reported on Sunday, citing tax-return data. The Times reported that Trump, who is seeking re-election in […]
The months-long journey toward getting a second stimulus check approved might be getting closer to reaching an end, if the latest hints about restarting stimulus bill negotiations turn out to be true. All eyes are on Congress to come together in the next few weeks to vote on a bill that includes another direct payment. President Donald Trump […]
The Treasury Department on Friday night released guidance related to President Trump’s payroll tax deferral, which is scheduled to begin next week. The guidance allows employers to defer payroll tax withholdings for employees with incomes below $4,000 during a bi-weekly pay period, calculated on a pre-tax basis, or the equivalent. The deferral period will be Sept. […]
Last week, the National Taxpayer Advocate promised that help was on the way for some taxpayers who had missing or incomplete stimulus check payments. Today, the Advocate delivered, explaining the kinds of problems that the Internal Revenue Service (IRS) will currently resolve, what some individuals need to do to receive […]
The Knox County (Texas) Hospital District (KCHD) is calling for legislative reform that would restore Texas’s “prompt pay” requirements on the insurance industry. KCHD has a pending complaint at the Texas Department of Insurance (TDI) against Aetna US Healthcare to get payment on more than $12 million in claims going […]
The end of December is a great time to look into tax saving strategies that will save thousands of dollars when you file for 2019 taxes next year. This post will explain 4 simple tax saving strategies that any crypto holder can execute with a simple click of a button […]
Economic impact payments became a focal point for many Americans throughout the coronavirus pandemic, but some people may now be realizing they still have not yet received their 2019 tax refund from the IRS. In a statement issued this week, the tax agency said certain services – including processing paper […]
Tax season is starting off with a whimper, as 1 in 5 people predict they will owe the IRS this tax season. Those were the findings from a recent survey by NerdWallet. The personal finance website polled 2,002 adults online from Nov. 18 through Nov. 20, 2019. Taxpayers who think they’ll owe […]
If you waited more than a month for the IRS to process your tax return and get a refund last year, you’re in good company. While the IRS prevented $2.7 billion in refunds from being issued to fraudsters between Jan. 1 and Sept. 30, 2019, more than a few legitimate […]
Prince Harry and Meghan Markle are getting closer to severing financial ties with the Royal Family, but there’s one entity that will always be part of the picture: the IRS. The Duke and Duchess of Sussex announced earlier this month that they would “step back” as senior members of the royal family […]