-
If You Received Unemployment Benefits This Year, You Could Owe Thousands to the IRS
Millions of Americans are going to be in for a rude awakening this tax season when they discover they owe the IRS money for unemployment payments.
-
If You Started Day Trading in 2020, You May Be in for a Surprise Tax Bill
Investors who realized gains last year will owe capital gains taxes on them this tax filing season.
-
Your Eligibility for a $1,400 Stimulus Check Is Based on Your Adjusted Gross Income—Here's How to Calculate It
Eligibility for the proposed $1,400 stimulus payments is based on your adjusted gross income. Here’s how to calculate it.
-
Failure to Report Cryptocurrency on Your Tax Return Can Lead to Trouble With the IRS
Taxpayers who had 2020 income or gains from cryptocurrencies — regardless of the transaction — may regret it if they fail to report it on their tax return.
-
What NY Prosecutors Could Learn From Trump's Tax Records
Former prosecutors say the trove of records could give investigators new tools to determine whether Trump lied to lenders or tax officials, before or after he took office.
-
These Taxpayers Will Get Until June 15 to File Their 2020 Returns
While the IRS had said it has no plans to extend the standard April 15 filing deadline, taxpayers in declared disaster areas will get a reprieve.
-
What Trump Tax Returns May Reveal Following Supreme Court Ruling
Former President Donald Trump’s accountants, Mazars USA, must hand over tax records to New York prosecutors following a Supreme Court ruling on Monday.
-
Maine Judge Rules Apple Underpaid State Taxes for Three Years
Apple should have paid state taxes on the full price of iPhones sold at discounted prices through wireless carriers over a three-year period at its stores in Maine, the state supreme court ruled. The Maine Supreme Judicial Court unanimously overturned a judge’s decision that sided with Apple after the state tax assessor argued that taxes were underpaid by tens...
-
Taxpayers May Be Victims of Unemployment Fraud. The IRS Wants to Help
Criminals stole identities to collect unemployment benefits during the Covid pandemic. The IRS has tips for victimized taxpayers.
-
Op-Ed: An Easy Win for Biden — Don't Send Stimulus Checks to Dead People
Unfortunately, too much Covid relief money is being given to fraudsters who capitalize on the deaths of their fellow Americans, writes Sen. John Kennedy, R-La.
-
How Covid-19 Relief Money Could Impact Your Taxes and What to Do About It
Tax-filing season is here and you may be wondering how the pandemic will affect your return.
-
IRS Says There Are No Plans to Extend Tax-Filing Deadline Beyond April 15
Despite a later-than-usual start to tax season this year, the IRS said Thursday it has no plans to extend the filing deadline beyond April 15.
-
Taxing Time: How the Pandemic Will Affect Filing Your Taxes
Tax filing season will start a bit later and look a bit different this year.
-
When to File Your Taxes to Maximize Your Stimulus Payment
Tax season starts Feb. 12. Those who lost income in 2020 will want to file their taxes as soon as they can to get a bigger stimulus check.
-
How Donating to Charities Can Affect Your 2020 Taxes
Many Americans contributed to nonprofits amid the pandemic, which may actually net you a tax break thanks to the CARES Act.
-
Can You Deduct Work-From Home Expenses and More of Your Burning Tax Questions Answered
Tax season is upon us, and we know that comes with a lot of questions. So we got Lisa Greene-Lewis, a tax expert with TurboTax, to play a game of “True and False” with LX Host Nik Z to tackle some of the big ones.
-
Democrats Push Forward With Temporary $3,000 Child Tax Credit, But Some Want to Make Increase Permanent
Democrats are moving ahead with short-term $3,000 child tax credit in the Covid relief bill, but some lawmakers want to see a permanent increase.
-
Unemployment Fraud May Create a Tax Nightmare
Billions of dollars have been lost to unemployment fraud during the Covid pandemic. Victims of identity theft will have an unwelcome surprise this tax season.
-
The Senate Finance Committee Is Gearing Up to Take on Billionaires and Dark Money Groups, Wyden Says
Now under Democratic control, the powerful Senate Finance Committee aims to take on billionaires, dark money groups and several special interests.
-
Trump Cut Taxes for the Rich. Biden Wants to Raise Them
President Joe Biden wants to raise trillions of tax dollars from the wealthy. It’s a reversal from Donald Trump’s signature tax law.