IRS to waive under-withholding penalties for some taxpayers after Trump tax changes
The White House and congressional leaders released a framework for tax changes, but many key details have been left to tax committees. Here’s how that process is working. Jeff Dionise, Ramon Padilla, Paul Singer and Herbert Jackson, USA TODAY Read Full Story Here
Aretha Franklin’s Lawyer Says Her Back Taxes ‘Were Paid Prior to Her Death’ as Estate Is Audited by IRS
Aretha Franklin is being pursued by the IRS. The Internal Revenue Service claims the singer, who died on Aug. 16 of advance pancreatic cancer of the neuroendocrine type at age 76, owes more than $6.3 million in back taxes from 2012-18 in addition to $1.5 million in penalties, according to court documents obtained by TMZ […]
The IRS wants help scouring social media for clues on tax cheats
Looking at the social media profile of famous “influencers” can sometimes make you feel envious. This is because it looks like all that person is doing is traveling around the world, eating nice food, being given free stuff, and basically enjoying life. How there are some influencers who warn that what you see might not […]
IRS won’t issue tax refunds during government shutdown
POSTED 5:27 AM, JANUARY 4, 2019, BY TRIBUNE MEDIA WIRE AND CNN WIRE The country’s tax collector is among the federal agencies affected by the government shutdown, now in its second week. The Internal Revenue Service is currently working under non-filing season shutdown plans and will be updating it ahead of the upcoming tax season as soon as […]
One big way to play the new tax law: Start an LLC
Small businesses may be able to snag a 20 percent deduction. You may get this break if your taxable income is below $157,500 if single or $315,000 if married. Entrepreneurs may push the envelope on the new tax law to maximize savings. Read Story from CNBC Here […]