Actor Terrence Howard allegedly said it’s ‘immoral’ to tax ‘descendants of slaves.’ Now he owes nearly $1 million to IRS.
A federal judge has ordered actor Terrence Howard to pay $1 million in unpaid taxes, interest and penalties after he allegedly threatened a Justice Department attorney and said, “It is immoral for the United States government to tax the descendants of slaves.” Ordered to pay close to USD. The Philadelphia Inquirer reported.. What is your […]
IRS implements new enforcement measures in bid to crack down on tax cheats
The IRS is getting serious about pursuing tax fraud among the wealthy, announcing a series of new enforcement actions in recent weeks targeting wealthy Americans who don’t pay their taxes. The latest is a series of reminders aimed at high-income earners who simply refuse to fill out their tax returns, a group the IRS calls […]
IRS targets wealthy ‘non-filers’ with new wave of compliance letters – CNBC
IRS Commissioner Daniel Warfel speaks at an IRS event in McLean, Virginia, on August 2, 2023. Alex Wong | Getty Images The IRS has announced plans to target new letters to “non-filers,” starting with high-income taxpayers who have not filed a federal return since 2017. The agency will send letters to wealthy non-filers starting this […]
Direct file tax system opens to new users as IRS service levels improve
The IRS’ Direct File online tax filing system will be open to new users for a limited time starting at 5 p.m., the IRS announced Tuesday. This testing program is available to taxpayers in 12 states where it is being piloted by the IRS. These include New York, Texas, Florida, and California.You can access the […]
Laken Riley murder ignites demands to hire more CBP agents and redirect $15B Democrat IRS payday to border
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Corporate jet users brace for more IRS audits
Corporate jet owners and operators are upset about dozens of additional audits scheduled for later this spring, the Internal Revenue Service announced this week. Industry groups say jetliners have done nothing wrong, while tax experts say taxes on corporate perks like jets are being taxed to pursue the roughly $700 billion a year the IRS […]
Republicans would cripple the IRS by forcing its workers back into the office
In the bustling corridors of power where the future of American governance is being debated, a new battleground has emerged, both surprisingly intimate and all-important. It’s an office space for federal employees. The Internal Revenue Service, the linchpin of the federal government’s machinery, has become the epicenter of the debate, as Republican leaders have issued […]
IRS to open its free tax filing site to more new users – ABC News
As tax filing season begins, taxpayers in some states will have a new way to file online “within days,” the IRS announced this week. direct fileA free site for filing federal tax returns directly through the IRS opens for new users. 12 states The IRS said it was provided for an unspecified period of time […]
Advice | Why should you pay the IRS on time? The underpayment penalty is 8%. – The Washington Post
With tax season in full swing, there’s one thing to remember. If you owe money to the IRS, that means you’ll pay a lot of money in interest. Under tax law, interest rates on overpayments and underpayments are set quarterly. As of April 1, the tax rate for individuals will remain at 8%, almost triple […]
Tax evasion by millionaires and billionaires tops $150 billion a year, says IRS chief – CNBC
The nation’s millionaires and billionaires avoid more than $150 billion a year in taxes, increasing the government’s deficit and creating a “lack of fairness” in the tax system, according to the head of the Internal Revenue Service. With billions of dollars in new funding from Congress, the IRS has begun a sweeping crackdown on wealthy […]