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The Latest Breaking News from IRS

Beware: new IRS rules will lead to a wave of phishing frauds

Services like PayPal and Square now need your tax information. Scammers are going to be on the prowl to get it too

The Guardian - US

Tax Refunds Average $3,536 So Far This Year

But for most of us, a tax refund isn't really a good thing. It means we're giving the IRS an interest-free loan.

The Street

Seven Reasons to Avoid a Self-Directed IRA

Self-directed IRAs let investors do things they can't in an ordinary IRA, like invest directly in alternative assets. But this opportunity also comes with these risks.

Kiplinger

From analysis to the latest developments in health,
read the most diverse news in one place.

Desperate for loans, Patrick Daley Thompson put hundreds of thousands in campaign cash in crooked Bridgeport bank

Documents subpoenaed by prosecutors and other public records reflect a growing desperation as he tried to quadruple the amount of money he was borrowing from Washington Federal Bank for Savings.

Chicago Sun-Times

Taxpayers should expect serious delays from the IRS this year – a tax scholar offers tips but says only Congress can fix the underlying problem

No one likes tax season. It’s complicated, it’s stressful, and it’s getting worse.

The Conversation

Checks and Balances: IRS walks back use of facial recognition technology

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

Ballotpedia

Michael Hiltzik: Don't blame the IRS for its lousy service. Blame Congress

With tax season already underway — the filing deadline this year is April 18 — complaints about the Internal Revenue Service are already rolling in.

Los Angeles Times

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Nondefense squeeze won’t spare IRS in omnibus spending talks

WASHINGTON — The IRS won’t get the appropriations boost for the ongoing fiscal year that Democrats had hoped for, adding emphasis to the party’s push to offer the agency $80 billion in extra funds through their stalled budget reconciliation package.

Tribune News Service

Why you should want the IRS to use facial recognition technology

An op-ed from the Washington Post

Reason

Nondefense squeeze won't spare IRS in omnibus spending talks - Roll Call

The Internal Revenue Service won’t get the appropriations boost for this year that Democrats had hoped for.

Roll Call

SWTD to launch first solar-powered cruise vessel from Kochi’s Marine Drive in April

‘Solar Cruiser’ will be able to carry a total of 200 guests

The Hindu

Top News Advisory for Tuesday, Feb. 15

Here are the latest Top News stories from The Canadian Press. All times are Eastern unless otherwise stated. Coverage plans are included when available. Entries are subject to change as news develops.

The Canadian Press

Temporada de impuestos 2022: todo lo que debes saber antes de presentar tu declaración y cómo obtener tu reembolso rápidamente

Con la temporada de declaración de impuestos en curso, los expertos le advierten a los contribuyentes que se preparen para otro año de retrasos y complicaciones—subrayando la importancia de presentar la declaración con antelación y preparar la información cuidadosamente.

Tribune News Service

Please hold: Pricey way to jump IRS phone line at tax time

At a time when calls to the IRS have reached record levels, a private company lets those who are willing to pay jump to the front of the line to get their phone calls answered

The Independent UK

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The Street

Tax Confusion Puzzles First-Time Crypto Investors

Some investors want to ditch crypto over tax confusion

Chicago Sun-Times

Patrick Daley Thompson faced other tax trouble before Monday’s conviction

His guilty verdict for claiming deductions for interest he never paid to a failed Bridgeport bank, Washington Federal Bank for Savings, isn’t the only time he’s had trouble with the IRS.

Tribune News Service

Tax season 2022: Everything to know before you file and how to get your refund fast

With tax-filing season already underway, experts are warning taxpayers to brace for another year of delays and complications — underscoring the importance of filing early and preparing your information carefully.

Benzinga

Is Medical Marijuana Tax Deductible? IRS Official Provides 'More Clarity' After Misstatement

As we all know, the marijuana industry has grown substantially in recent years, with sales expected to hit $25 billion by 2025.

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news in one place.

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The Independent UK

7 ways small-business owners can save on taxes in 2022

Small-business owners, freelancers and people with side gigs can reduce their tax bills and their anxiety levels this tax-filing season by knowing the taxability rules for Paycheck Protection Program money, taking advantage of new deductions for business meals and mileage and putting money in tax-advantaged retirement accounts designed for self-employed…

Los Angeles Times

Getting paid on Venmo or Cash App? There's a tax for that

If you're a U.S. citizen making money from the sale of goods or services, the IRS considers it taxable income regardless of how or where you're paid. But some sellers have tried to fly under the feds' radar by taking payments through an online app, such as Paypal or Venmo,…

The Independent UK

EXPLAINER: How to claim child tax credit $ on your taxes

Millions of Americans who have never filed a tax return will need to do so this year in order to claim what's coming to them under the enhanced child tax credit

Los Angeles Times

US taxpayer advocate: Americans could face a tough tax season

Millions of U.S. taxpayers could face delays in having their tax returns processed by the IRS and in receiving their refunds, the nation's taxpayer advocate on Tuesday testified before Congress.

Reason

Joe Rogan and the Weird New Definition of 'Right-Winger'

Plus: Against ideological surveillance, the truth about "free" COVID-19 tests, and more...

Input

IRS backtracks, pledges not to require facial recognition for taxpayers

The Internet Revenue Service faced intense criticism following the news it would require selfies for online tax filing later this year.

AFP

US tax agency drops facial recognition plan after criticism

Washington (AFP) - The US national tax authority announced Monday that it will stop using facial recognition software to verify taxpayers' identities when they create online accounts, following a chorus of privacy concerns.

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