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The IRS has delivered more than $207 billion in coronavirus relief payments to individual taxpayers, but some of the recipients of the relief checks are the bank accounts of people who have died.
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Over the past 10 years, the IRS budget has been reduced by roughly 20%, leaving the agency with aging technology and forcing it to cut back on staff and training.
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Tax season is more stressful this year for filers and IRS workers alike, because of tax law changes and the partial government shutdown that has left the agency with roughly half its normal staff.
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Citing the need for a “professional presentation” to Congress and the American people, Rep. Dana Rohrabacher (R-Calif.) announced the newly-formed…
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The deadline to file income taxes is right around the corner. For many businesses, deductions on things like labor and rent help to keep tax bills low.…
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This means any profits made on the currency will be taxed at the lower, capital-gains rate. The rule, however, also means investors have to keep extensive records.
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Having passed its third and final reading in the Colorado House, Senate Bill 19 now only awaits the Governor’s signature. The bill allows same-sex couples…
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Lois Lerner, who admitted that her division had inappropriately singled out Tea Party and patriot groups requesting tax exemption, had been on paid leave since May.
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The rule change, to be enforced beginning next year, will have an impact on restaurants that customarily add tips to the bill for large parties.
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The IRS says couples can begin filing taxes as married in 2013, and generally, same-sex couples could file amended returns for 2010, 2011 and 2012.