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Internal Revenue Service

Working remotely from a cruise? Here’s why the IRS still expects taxes

by Monica Lozano
Working remotely from a cruise? Here’s why the IRS still expects taxes

Jenny Hunnicutt poses in front of the Royal Caribbean Ultimate World Cruise, which she’s been on for nearly nine months traveling the world. While on board, she’s working remotely for …

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Categories Travel

Detroit Riverfront ex-CFO William Smith: $3K allowance isn’t enough

by Albert Wagner
Detroit Riverfront ex-CFO William Smith: K allowance isn’t enough

William Smith, Detroit Riverfront ex-CFO, facing federal fraud charges Former Detroit Riverfront Conservancy CFO William Smith faces accusations of stealing $40 million to support a luxurious lifestyle, including high-end purchases …

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Categories Trending Now

IRS says it’s collected $1 billion in past-due taxes from millionaires

by Adrian Jhonsan
IRS says it’s collected  billion in past-due taxes from millionaires

The U.S. Department of the Treasury and the IRS on Thursday announced what they called a “major milestone” of collecting more than $1 billion in tax debt from high-income individuals …

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Categories World

IRS has taken nearly 2 years to get refunds for tax ID theft victims

by Adrian Jhonsan
IRS has taken nearly 2 years to get refunds for tax ID theft victims

Erin Collins, national taxpayer advocate at the Taxpayer Advocate Service, speaks at a Senate Appropriations subcommittee hearing in Washington, D.C., on May 19, 2021. Bloomberg | Bloomberg | Getty Images …

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Categories World

IRS releases final crypto tax reporting guidance

by Adrian Jhonsan
IRS releases final crypto tax reporting guidance

Recep-bg | E+ | Getty Images The U.S. Department of the Treasury and IRS on Friday released final tax reporting rules for digital asset brokers — and crypto investors have …

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Categories World

$1 billion in EV tax credits issued upfront to buyers, say Treasury, IRS

by Adrian Jhonsan
 billion in EV tax credits issued upfront to buyers, say Treasury, IRS

Halfpoint Images | Moment | Getty Images The federal government has issued more than $1 billion in tax credits as an upfront cash incentive to buyers of electric vehicles, the …

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Categories World

IRS employee charged in Exxon Mobil tax credit theft bid

by Milton Acorn
IRS employee charged in Exxon Mobil tax credit theft bid

Chip Somodevilla | Getty Images News | Getty Images A former IRS employee was charged in Utah federal court for allegedly trying to steal $2.1 million in tax credits owed …

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Categories Science

May 17 is the deadline to claim your 2020 tax refund

by Adrian Jhonsan
May 17 is the deadline to claim your 2020 tax refund

May 17 is your last chance to file 2020 returns and claim your refund, which could include missed pandemic relief, experts say. As of May 6, there was still an …

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Categories World

Here are ways to reduce taxes on your savings interest this year

by Adrian Jhonsan
Here are ways to reduce taxes on your savings interest this year

Riska | E+ | Getty Images The first question someone should ask is how much cash do they still need and whether it makes sense to invest some of that …

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Categories World

How to calculate capital gains taxes when selling your home

by Adrian Jhonsan
How to calculate capital gains taxes when selling your home

Westend61 | Westend61 | Getty Images As home values climb, more Americans owe capital gains taxes when selling property. But knowing how to calculate your home’s profit could reduce your …

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Categories World
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