#IRS

Business & Finance | Business & Finance

Employer/Contractor Win/Win Turns into a Lose | Workplace Coach Blog

Making employees into independent contractors poses risks -- here's how to understand the regulations

News | News

Biden's Proposed Billionaire Tax Spotlights the Unconstitutionality of Our Current Tax System

The Biden administration continues to prove, with each passing day, that they have little regard for the US Constitution when it comes to governing the nation. President Biden’s proposed “billionaire minimum income tax” not only thumbs its nose at t

News | News

IRS Tax Season Promises Complications, Delays for Taxpayers; A Perfect Opportunity to Advance Radical Tax Reform

If you are one of the millions waiting for your 2020 tax refund, you are right to be frustrated – and even angry – about the fact that you’ll be expected to file your 2021 tax return on time, else find yourself at the mercy of the Internal Revenue S

Politics | Politics

IRS to start requiring facial recognition scans to access tax returns

The Internal Revenue Service is going to start requiring users of its online tax payment system to provide a selfie to a third-party company in order to access their accounts.

Politics | Politics

IRS will require taxpayers to sign up with ID.me to access their online accounts - CBS News

Starting this summer, an ID.me account will be required to view a tax transcript or pull up payment history on IRS.gov.

Miscellaneous | Interesting Links

Here Are the Tax Changes Coming to Venmo, Cash App, PayPal and Other Apps – Forbes Advisor

Venmo, Cash App, Zelle and other third-party apps to report payments of $600 or more to the IRS. Here’s what this means for you.

Politics | Politics

Don't forget to declare income from stolen goods and illegal activities, IRS says

Don’t forget to report to the IRS any income you brought in from drug deals, bribes, stolen goods, prostitution or other illegal activity.

Politics | Politics

‘Do you need to know when they bought a couch?’ Senator rips Yellen over Biden IRS plan

Wyoming Sen. Cynthia Lummis is pushing back on a Biden administration proposal that would require banks to hand over data to the Internal Revenue Service on accounts with just $600 in transact…

Politics | Interesting Links

In 2020, Americans Paid More In Taxes Than They Spent For Health Care, Food, Entertainment, And Clothing Combined

The average American spent more in taxes last year than on health care, clothing, food, and entertainment expenses combined.

News | News

The Fight To Protect Cryptocurrency From Spendthrift Gov't Goes To The House

Cryptocurrency advocates are lobbying to change the House version of the bipartisan infrastructure package after lawmakers and the...

News | News

IRS Denies Tax-Exempt Status Because Bible Teachings ‘Align with the GOP’

When is a religious group not a religious group? Evidently when the Internal Revenue Service decides that it isn’t. Such is the case with...

News | News

IRS Makes Unlegislated Move to Require Cryptocurrency Transfer Reporting

The Treasury Department, in a move not backed by any proposed tax legislation, has called for requiring all transfers above $10,000 worth...

News | News

In the Name of the Father...

Where is the line drawn between institutional interference and parental rights? One father is sittin

News | News

Your ESG Score & You...Bad Things Are Coming Down the Pike

In a move that will allow for the fundamental transformation of the global finance system, the US Securities and Exchange Commission (SEC) will seek public input on setting up a rubric for requiring corporations to disclose the risks they face from climate change and policies to curb emissions, an initial step in mandating ESG scoring. Welcome to the age of being coerced into accepting Progressivism...

News | News

Race Activist Defrauded $450G Using BLM Chapter Facebook Page

A Black Lives Matter activist has been indicted on four counts of fraud by the US Justice Department for embezzling hundreds of thousands...

News | News

Warren Introduces Wealth Tax Targeting 'Millionaires and Billionaires'

A group of US Senators led by Sen. Elizabeth Warren (D-MA), have introduced a bill creating a wealth tax, which would impose a two...

News | NEWS

IRS says all stimulus checks have been delivered. Here's what to do if you didn't get one

The Internal Revenue Service said this week that it has finished issuing stimulus checks to all of the eligible taxpayers that it has on file.

Business & Finance | Money & Finance

The IRS Is Coming for Your Payroll Protection Loan | Inc.

A recent IRS ruling says those who use the forgivable portion of a PPP loan to pay employees miss out on long-held tax breaks.

News | News

Cuomo in Panic After Tax Revenue Comes Up $2.3 Bil Short... 'God Forbid if the Rich Leave'

In what may be seen as a shocking admission, Cuomo said that the wealthy are carrying the lion's share of the income tax burden in the state.

Health & Fitness | Health

Tax Code Penalizes Increasingly Popular Direct Primary Care Arrangements

There are two disruptive innovations that threaten the sweetheart deals in the Swamp: Health Savings Accounts (HSAs) and DPC — Direct Primary Care or Direct Patient Care.

Politics | Politics

Top 20% of Americans Will Pay 87% of Income Tax - WSJ

One of the least discussed parts of America’s income tax is how progressive it is, and the tax overhaul didn’t change that fact. In 2018, top earners will pay a higher share of income taxes.

News | That's News to Me

IRS says thieves stole tax info from additional 220,000 - Yahoo Finance

From Yahoo Finance: A computer breach at the IRS in which thieves stole tax information from thousands of taxpayers is much bigger than the agency originally disclosed. An additional 220,000 potential victims had information ...

News | That's News to Me

Small Businesses Threatened With $36,500 IRS Fines For Helping Employees With Health Costs

Small businesses that reimburse employees for the cost of premiums for individual health insurance policies or pay their health costs directly will be fined up to $36,500 a year per employee under a new Internal Revenue Service regulation that takes effec

Politics | The American Experiment

Corruption from the IRS to the DoJ | Power Line

The pro-Israel group Z Street had its application for tax-exempt status held up at the IRS. When founder Lori Lowenthal Marcus asked why, she was told that IRS auditors had been instructed to give ...

Politics | The IRS

IRS watchdog recovers thousands of missing Lois Lerner emails, reignites Hill probes | Fox News

A Treasury Department watchdog has recovered thousands of emails from Lois Lerner and turned them over to Congress, reviving the investigation into the IRS targeting conservative groups.

Politics | The IRS

Report: IRS Deliberately Cut Its Own Customer Service Budget | The Weekly Standard

If you tried to contact the IRS with a question about your taxes this year, chances are you didn't get a response. The IRS estimated that it would only answer 17 million of the 49 million calls received this filing season. Taxpayers lucky enough to have the IRS answer their calls waited an average of 34.4 minutes for assistance--nearly double the wait time last year (18.7 minutes).

Miscellaneous | Interesting Links

What Does the IRS Do With All the Paperclips People Send Them? | Mental Floss

The IRS becomes the proud owner of a huge batch of new paperclips each year. So, what do they do with the influx of office supplies?

Business & Finance | FINANCE & INVESTMENTS

6 Red Flags That Can Get You Audited

There’s nothing quite as heart-stopping as a notice from the IRS. Sometimes it’s to raise a question about an item on your return; other times you may get a notice that you owe money. If you’re really unlucky, you may find out the IRS is auditing your return.

Politics | Illegal Immigration

IRS offers extra tax refunds to illegal immigrants granted amnesty by Obama - Washington Times

IRS Commissioner John Koskinen confirmed Tuesday that illegal immigrants granted amnesty from deportation under President Obama's new policies would be able to get extra refunds from the IRS for money they earned while working illegally, as long as they f

Business & Finance | Business & Finance

10 Crazy Sounding Tax Deductions IRS Says Are Legit - Forbes

Tax returns are signed under penalties of perjury, so you can't lie. But creativity sometimes pays off. Do you feel lucky today?

Politics | Interesting Links

The Progressive Income Tax: A Tale of Three Brothers - Prager University

The Progressive Income Tax is one of those economic terms that gets bandied about, but few actually know what it means or how it works. This tale of three similar brothers with three different incomes (but one shared expense) helps explain the tax system

News | News

Will Orange be the New Black for IRS Chief Lois Lerner?

On Friday, the IRS disclosed that an additional five computers containing information relevant to the Congressional Inquiry crashed.

Politics | The IRS

IRS lawyer: Lois Lerner's BlackBerry deliberately destroyed after start of congressional probe

Lois Lerner’s BlackBerry was intentionally destroyed after Congress had begun its probe into IRS targeting of conservative groups, a senior IRS lawyer acknowledged in a sworn declaration.

Politics | Politics

Judge Wants Answers After IRS Contradicts Sworn Testimony

The IRS' latest court filing on Lois Lerner's hard drive contradicts sworn testimony

Politics | Politics

Lerner Emails: Conservative 'Crazies' and 'A--holes' will 'Take Down' America -

Lois Lerner -- faithful, impartial public servant: Lois Lerner emails show she was not much of a fan.07/30/2014 19:23:01PM EST.

Politics | The IRS

IRS experts: Lois Lerner hard drive was just 'scratched' -- not damaged beyond recovery | Mobile Washington Examiner

Top IRS officials told congressional investigators that Lois Lerner's hard drive -- the one containing emails that could shed light on the IRS targeting scandal -- was irreparably damaged before it was destroyed completely in 2011. But now, investigators

Politics | The IRS

IRS seeks help destroying another 3,200 computer hard drives

Days after IRS officials said in a sworn statement that former top agency employee Lois G. Lerner’s computer memory had been wiped clean, the agency put out word to contractors Monday that it needs help to destroy at least another 3,200 hard drives.

Politics | Politics

Judges Initiate Ultimatum To The IRS: You Have 30 Days To Explain And Recover Missing Emails Or Else!

If there is one branch of the government that almost everyone in the United States truly hates, it is easily the Internal Revenue Service, or better known as

Politics | The IRS

CNN’s Blitzer Presses IRS Chief: ‘Why Shouldn't Taxpayers Use the Crashed Hard Drive Excuse?’

During Thursday’s edition of The Situation Room on CNN, host Wolf Blitzer committed an act of journalism in grilling IRS Commissioner John Koskinen with question after question about the growing IRS e-mail scandal.

Politics | Politics

Meet The Seven IRS Employees Whose Computers ‘Crashed’

The Internal Revenue Service (IRS) is currently claiming that seven different IRS officials experienced computer crashes that erased their emails and made it impossible for the IRS to cooperate with c

Politics | Media Bias

Insulating Obama From His Corrupt IRSNews

President Obama is announcing for the umpteenth time he's going to