IRS has to refund certain taxpayers for penalty tax relief during the pandemic, audit reveals
The IRS has some refunds owed to taxpayers who were mistakenly left out of relief programs introduced during the pandemic, according to a recent audit by a watchdog group. Over 2,100 tax returns were amended after the auditors found these individuals were eligible for around $463,000. The findings come from a report released by the […]
Property tax surprise: Colorado homeowners may face increases of up to 40%
Tax Hikes Leave Colorado Homeowners Shocked Mike Fitts, a 76-year-old resident of Centennial, has owned his home since 2001. Two years ago, he paid $3,876.98 in property taxes to Arapahoe County. Recently, he discovered that his tax bill for 2026 had surged to $5,435.47, even after applying a $750 discount from the Senior Homestead Exemption. […]
Inside the billionaire communities beyond the reach of California’s wealth tax
Wealthy individuals, including tech giants like Larry Ellison and Sergey Brin, are increasingly gravitating towards exclusive spots on the California-Nevada border, seemingly to safeguard their fortunes amid California’s proposed “millionaire tax.” Brin made headlines recently, purchasing a lavish property in Lake Tahoe for $42 million last month. Meanwhile, Ellison, co-founder of Oracle, has been discreetly […]
Tax bill surprise: Colorado homeowners may face property tax increases of up to 40%
Rising Property Taxes in Colorado: Concerns for Homeowners Mike Fitts, a 76-year-old resident of Centennial, has owned his home since 2001. Two years ago, he paid nearly $3,900 in property taxes to Arapahoe County. Recently, he discovered through the county’s website that his tax bill for 2026 has risen to over $5,400. This amount already […]
Important tax adjustments from the significant bill may affect your 2025 return.
A significant federal law enacted last year might influence the tax returns of many Americans in 2025. This extensive legislation, often referred to as the “big, beautiful bill,” introduces various adjustments to the U.S. tax code, with some provisions taking effect for returns filed for the 2025 tax year, as detailed by the IRS and […]
Former tax agent Brendan Banfield takes an unusual step to testify in his defense against allegations of killing his wife.
A Virginia IRS agent, Brendan Banfield, is facing charges for allegedly murdering his wife, which he claims is all part of a bizarre, twisted plot linked to a rape fantasy. In a trial filled with shocking details, Banfield, 40, confirmed he engaged in affairs, including with a Brazilian couple who assisted him. While defending himself, […]
IRS encounters difficulties in the 2026 tax season because of job reductions and new regulations
Concerns for Upcoming Tax Filing Season WASHINGTON — A national taxpayer advocacy group is raising alarms about the upcoming 2026 tax filing season. They cite significant staffing reductions at the Internal Revenue Service (IRS) since the Trump administration took office. In her annual report to Congress, Tax Advocate Erin M. Collins pointed out that, unlike […]
IRS encounters significant obstacles in the 2026 tax season because of staff reductions and new regulations, according to a watchdog.
IRS Faces Challenges Ahead of 2026 Tax Season WASHINGTON (AP) — Taxpayer advocates are raising alarms about the upcoming 2026 tax filing season. Given the significant number of IRS staff departures since the Trump administration came into power, this could create hurdles for taxpayers. Tax Advocate Erin M. Collins shared her annual report with Congress […]
Zohran Mamdani suggests limited solutions for NYC’s $12B budget gap while reiterating the need for tax increases
Mamdani Critiques Predecessors Amid Budget Crisis Mayor Zoran Mamdani has been vocal about the city’s significant $12 billion budget deficit, yet he provided scant details on his plans to address it during his speech on Wednesday. Instead, he suggested that Governor Kathy Hochul should consider implementing higher taxes on the wealthy. In a serious tone, […]
Your investment earnings might lead to a tax bill. Here’s how to get ready for the season.
Tax Filing Season Begins: What Investors Need to Know Tax filing season is officially underway, and for investors—especially those with income-generating assets—it’s time to start preparing. The Internal Revenue Service (IRS) started accepting personal income tax returns for 2025 on Monday, with the submission deadline set for April 15. If needed, this can be extended […]