The agency's leader says it has identified the problems with its algorithm
Beware a tax collector bearing gifts—in the latest case an offer to
“IRS had no documentation to support the underlying data, analysis, or assumptions used for Direct File estimates.” A Government Accountability Office report today ripped the IRS for its baseless and dishonest cost estimates of the much-touted “Direct File” program. IRS Had No Documentation to Support the Underlying Data The GAO wrote: “IRS’s cost estimates did […]
Bankjoy and Pinwheel have partnered to help financial institutions offer their customers a frictionless way to set up their direct deposit. With this collaboration, Bankjoy will help its bank and credit union clients integrate Pinwheel’s digital deposit switching (DDS) solution, Pinwheel Prime, the companies said in a Tuesday (April 16) press release. “Removing the friction during the deposit switching setup […]
Lowering your taxable income is the key to paying less to the IRS. Several federal tax deductions and credits can help.
There is some good news for many states in the United States that will receive new stimulus checks in April. The COVID-19 pandemic has had a long-term impact
Sen. Mike Crapo (R-Idaho), ranking member of the Senate Finance Committee, questioned IRS commissioner Daniel Werfel yesterday about Werfel’s dishonesty to Congress regarding the IRS “Direct File” program. Crapo said: “When you last testified before this committee I raised concerns with the wasteful and duplicative Direct File program that at the time the IRS was […]
From the column: "The IRS is the ultimate economic bully. Its audits are notoriously ferocious and burdensome, and it has, at times, deployed its vast powers for unethical and politicized ends."
Bank customers with trust accounts may see their FDIC insurance coverage limits lowered under new changes. Here's what to know.
You never forget your first Gossip Girl. While the franchise may have been rebooted for HBO Max in 2021, let's be honest: the OG series, which premiered in 2007, is still the number one GG in our
The 2024 tax season has been going since the end of January, and for many
With one week until the tax deadline, the IRS has added an "important update" for Direct File, the agency's free tax filing program. Here's what to know.