Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions Unemployment income reported on a 1099-G Business or 1099-NEC income (often reported by those who are self-employed, gig workers or freelancers) ...
Procrastinators also will want to keep an eye on the countdown clock just below. It tracks how much time we have until April's Tax Day, just in case we put off our annual tax task until the absolutely final hours and decide we need to instead get an extension request into the Internal...
1, 2020, on 39 counts of evading taxes on $2 billion of income. The 20-year scheme, according to the Internal Revenue Service Criminal... Read more → Posted on Thursday, May 26, 2022 at 05:29 PM in IRS, Rich Wealthy, Tax crimes, Tax evasion, Tax fraud, Tax haven, Tax shelter...
Elon Musk, the world’s richest man with more than $400 billion in mostly government and Chinese money, who (coincidentally?) also donated the most to Trump’s campaign. These unelected people are the ones who will benefit the most from Trump’s promise to cut taxes. These are the people...
Storm Dumps Heavy Snow on Northern Arizona, Gridlocking Interstate 40 A winter storm has dumped heavy snow across northern Arizona, playing a major factor in a more than 15-mile backup on a major interstate Associated PressMarch 7, 2025 ...
InAccounting & Finances,Business,Taxeson April 20, 2017 by Sufen Wang CA Agency, that Collects $60 Billion in Taxes Per Year, is in Hot Water! California’s State Board of Equalization (BOE) – the agency that collects one third of the golden state’s taxes – is due for a much-need...
Jeff Bezos’ sprawling e-commerce giant Amazon reportedly raked in more than $5.6 billion in U.S. profits in 2017, but despite that, the company essentially paid $0 in federal income taxes. That’s largely attributable to “excess stock-based compensation deductions” and the effect of the ...
Hackers got their hands on information from around 110 million AT&T customers when they were able to breach the company’s records. The data stolen from the telecom is only the latest security breakdown. At least 1 billion records have been stolen or accessed in data breaches this year, accord...
31, you must do so by April 1. Note that your RMD deferment last year means you'll face another RMD at the end of this year, so start planning now on how you're going to deal with the 2025 taxes on two mandatory withdrawal amounts. March 31: This is it. March is over, which...
Today, they reported that the IRS has collected more than $1 billion from high-wealth taxpayers with past-due taxes. With resources bolstered by added Inflation Reduction Act funds, the IRS said it stepped up compliance activity specifically on 1,600 individuals whose incomes were more than $1...