[ad_1] Haven’t filed your taxes yet? Here are some last-minute tips – CBS News Watch CBS News Americans have until April 15 to file their taxes or file an extension. If you live in Maine or Massachusetts, you have until April 17. An expert offers some last-minute tips if you still have to file. Be … Read more
[ad_1] Expert on maximizing your tax refund – CBS News Watch CBS News As the tax season progresses, the IRS reports having received over 71.5 million tax returns, already issuing more than 49 million refunds to Americans. With the average refund amounting to $3,109, CBS News business analyst Jill Schlesinger offers advice on how Americans … Read more
[ad_1] First, there were trackers on Taylor Swift and other celebrities’ private jet usage. Now, the IRS is scrutinizing businesses’ use of private aircraft, with the tax agency announcing that it will ramp up audits of corporate jets. IRS leadership said Wednesday that the agency will start conducting dozens of audits on businesses’ private jets … Read more
[ad_1] The IRS said it is poised to reap hundreds of billions of dollars of additional tax revenue by going after overdue and unpaid taxes, far beyond what was previously anticipated, thanks to funding from the Inflation Reduction Act (IRA). The new analysis, released Tuesday by the Treasury Department and the IRS, estimates that tax … Read more
[ad_1] How to get your tax refund faster and other must-know filing tips – CBS News Watch CBS News Tax season is officially underway. The Internal Revenue Service says they’re anticipating more than 146 million individual tax returns to be filed by the April 15 deadline. CBS News business analyst Jill Schlesinger shares some useful … Read more
[ad_1] When you and your spouse do your taxes every year, whose name goes first? A couple’s answer to this question can say a great deal about their beliefs and attitudes, concludes a recent paper from researchers at the University of Michigan and the U.S. Treasury Department. While American gender roles have shifted a great … Read more
[ad_1] As Americans turn the page on another tax season, the Internal Revenue Service may finally be turning the corner after a mountainous backlog of tax returns, delayed refunds and poor customer service gave people even more reason to loathe the federal agency they love to hate. Over the past year, the IRS has rebuilt … Read more
[ad_1] Small businesses brace for new tax reporting rule – CBS News Watch CBS News Starting next year, a new IRS rule will require anyone earning over $600 through payment apps such as Venmo and PayPal in 2023 to file a 1099-K form. Scott MacFarlane looks into how this could affect small businesses for the … Read more
[ad_1] Alexandria, Virginia — Monica Colburn helps run a Virginia hair salon. But like a growing number of Americans, she uses her flexible schedule to earn extra money. “I have all of these extra side jobs,” Colburn told CBS News. She works weddings and promotes musicians. “I think last year, I had eight 1099s,” she … Read more
[ad_1] The average refund amount so far this tax season has been just under $3,000 — about 10% lower than a year ago, according to the IRS. The dip in refunds and the end of certain pandemic-era relief policies is putting a squeeze on many. Matt and Heather Mohalski own a custard store near Atlanta, … Read more