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The Latest Breaking News from IRS

Biden, Republicans spar over impact of Dems' economic plan

Democrats call it the “Inflation Reduction Act.”

The Independent UK

Deducting Summer Camps and Daycare with the Child and Dependent Care Credit

If you paid a provider to care for a child under age 13 or a disabled dependent of any age, you may qualify for a tax credit.

The Street

Scoop: 2024 GOP hopefuls back Trump's plan to purge civil servants

Even if Trump isn't reelected, it’s likely the next GOP president will try to implement Schedule F.

Axios

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read the most diverse news in one place.

Inflation Reduction Act Tax Credits: What You Should Know

The Inflation Reduction Act increases IRS funding, changes tax policy, and offers new and expanded tax credits.

Kiplinger

Commentary: As Americans reel from stagflation, Manchin pitches tax hikes

Stagflation is here. Inflation notched a fresh 40-year high of 9.1 percent in June, and the economy shrank in the first and second quarters of the year.

Tribune News Service

Estimated Taxes: How to Determine What to Pay and When

If you're self-employed, we'll make it easy for you to figure out if you have to pay estimated taxes and if so, how much.

The Street

Right-wing group claims it's a "church"

Forty lawmakers are calling on the IRS and the Treasury to investigate Tony Perkins' Family Research Council

Salon

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Here’s what you should do about suspicious credit report activity

Dear Liz: I recently obtained copies of my credit reports from the three major credit bureaus and discovered my brother’s home address listed in the personal information section. I am extremely concerned about how and why this happened since I have never lived with my brother.

Los Angeles Times

Benzinga Before The Bell: Alibaba's Delisting Concerns, Amgen's Potential $10.7B Tax Bill, Kenya Will Not Shut Facebook Services And Other Top Financial Stories Monday, August 1

CNBC

Benzinga

Filing Taxes After a Divorce: Is Alimony Taxable?

Learn how alimony is taxed and other tax reporting tips you should know while filing taxes after a divorce.

The Street

How To Buy Real Estate With Cryptocurrency

From parking spots to vacation rental houses and homes, everything will soon be bought with the help of cryptocurrency. Real estate purchased with cryptocurrency is fast becoming popular with buyers, sellers, and investors.

Benzinga

How to Deal with Penalties from Tax Non-Payment

The IRS will continue to attempt collection of the tax you owe, but it may be willing to waive or reduce the penalty charges if you can show good cause.

The Street

StateHouse Holdings Reaches Agreement With IRS To Resolve Legacy Federal Tax Obligations

StateHouse Holdings Inc. (OTCQX: STHZF) (CSE:STHZ) has reached a partial payment installment agreement with the Internal Revenue Service related to the fed

Benzinga

How Inflation Impacts Your Taxes

The impact of inflation on federal income tax brackets and some other tax credits might not be all bad.

Kiplinger

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news in one place.

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Tribune News Service

Sen. Manchin backs $369 billion energy-climate plan, rejects SALT

WASHINGTON — Sen. Joe Manchin and Majority Leader Chuck Schumer have struck a deal on a tax, energy and climate bill, breaking a deadlock on the Democrats’ long-sought legislation to enact major parts of President Joe Biden’s agenda.

Tribune News Service

Sen. Manchin backs $369 billion energy-climate plan, rejects SALT

WASHINGTON — Sen. Joe Manchin and Majority Leader Chuck Schumer have struck a deal on a tax, energy and climate policy bill, breaking a deadlock on the Democrats’ long-sought legislation to enact major parts of President Joe Biden’s agenda.

The Street

10 Tax Tips for Airbnb, HomeAway & VRBO Vacation Rentals

When you offer your home as a short-term rental through services like Airbnb, HomeAway, and VRBO, there are ways you can keep your income taxes to a minimum.

Kiplinger

Backdoor Roth IRAs: Good for Wealthy Retirees?

A backdoor Roth IRA is a tax loophole that enables wealthier individuals to earn tax-free income. But it's complicated, and how long will that back door remain open?

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news in one place.

100’s of premium titles.
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Benzinga

Crypto Crash 2022 - Is Cryptocurrency Still Worth the Fight In A High Net Divorce?

By Sean M Cleary The all-time highs of cryptocurrency in 2021 now seem like a distant memory, as the 2022 crypto crash has seen major digital assets give back the gains made during their historic bull run. So, what is causing the crypto crash?

The Philadelphia Inquirer

If you lost money in crypto, here's how you can get some back

If you lost money in cryptocurrency this year, there's a bit of good news. You can claim that loss on your taxes.

Chicago Tribune

Illinois Gov. Pritzker gave Democratic governors’ group $24 million to fund ads that helped nominate his GOP opponent

CHICAGO — In addition to spending more than $62 million en route to an easy win in the June primary, Illinois Gov. J.B. Pritzker also gave $24 million to the Democratic Governors Association, which then spent millions on TV ads encouraging Republicans to vote for his favored GOP challenger, state…

The Texas Tribune

Texas charity that backs Trump’s stolen-election lie has deep ties to Ken Paxton

The Texas attorney general would be the one to hold True the Vote accountable on allegations that it swindled a $2.5 million donor. But the nonprofit’s founder has been a friend and an ally.

The Street

Five Tips for Taxpayers Who Requested an Extension to File Federal Taxes

Are you among the estimated 16 million or so taxpayers who requested an extension to file their federal taxes after April 18, 2022? If so, there’s plenty of dos and don’ts you should know as you rush to send your 2021 tax return to the IRS before the Oct. 15,…

The Street

7 Most Common Tax Questions Answered by a CPA

CPAs answer a range of your everyday tax questions about tax returns, deductions, personal finances, and more.

The Street

Property Management Tax Deductions

Becoming a residential landlord or owning a commercial property comes with new tax responsibilities. Learn more about how to handle your tax situation.

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