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Yellen: Treasury exploring ways to expand free tax filing program

Treasury Secretary Janet Yellen told lawmakers Wednesday that the department is considering ways to expand the limited direct-file testing program, including possible enhancements and applicable tax credits. The free program is a scaled-down version of popular tax-preparation software, but it faces fierce opposition from Republicans and the tax-preparation industry. The tax preparation industry previously maintained […]

Red Lobster looking for a buyer to avoid bankruptcy filing: report

Red Lobster is reportedly trying to find a buyer as the struggling seafood chain tries to avoid bankruptcy. The fast-casual chain, known for its Cheddar Bay biscuits and all-you-can-eat shrimp, had been considering filing for Chapter 11 to restructure its mounting debt but had been looking for a buyer in recent months, people said. revealed.Said […]

Red Lobster considering bankruptcy filing: report

Johnny Roger’s owner Barrett Dabbs details how his Concord, North Carolina, barbecue and burger joint, Verney & Co., is being hurt by inflation. red lobster is reportedly considering filing for bankruptcy to ease the financial pressures on the company. according to Bloomberg reporting Red Lobster is considering filing for Chapter 11 bankruptcy protection to deal […]

Warren slams TurboTax for upselling taxpayers during filing process

Sen. Elizabeth Warren (D-Mass.) criticized TurboTax on Monday for charging taxpayers with a relatively simple tax return and repeatedly selling them higher taxes during the filing process. Ahead of Monday night’s tax deadline, Warren pointed to a sample of taxpayers in “simple filing situations” who are eligible for the IRS’ new Direct File tool, a […]