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Taxing Time: How the Pandemic Will Affect Filing Your Taxes
Tax filing season will start a bit later and look a bit different this year.
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NBC 5 Responds: IRS Offers Fix For Missing COVID Relief Money
Taxpayers who say they qualify for COVID-related Economic Impact Payments but never received them turned to NBC 5 Responds for help getting answers on their missing money. Lisa Parker reports.
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Many Americans Still Waiting for First Round of Stimulus Checks
A second round of stimulus checks were sent out to Americans, but many are still waiting for their payments from the first round of relief checks. NBC 5 Responds’ Lisa Parker reports
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IRS Says Executors Undervalued Prince's Estate by 50%
The controversy over Prince’s estate is heating up again after the Internal Revenue Service said administrators have undervalued it by 50%, or about $80 million
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Everything You Need to Know About New Stimulus Checks
Congress just passed a nearly $1 trillion COVID-19 relief bill. Will you get a check? Here is everything you need to know.
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Investigation of Hunter Biden's Taxes Began in 2018
The Justice Department is investigating the finances of President-elect Joe Biden’s son, including scrutinizing some of his Chinese business dealings and other transactions
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Investigation of Hunter Biden's Taxes Began in 2018
The Justice Department is investigating the finances of President-elect Joe Biden’s son, including scrutinizing some of his Chinese business dealings and other transactions
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Unemployment, Working From Home: How the Pandemic Could Impact Your 2020 Taxes
It’s the time of year to start thinking about taxes — but the upcoming filing season is going to be a bit trickier for many Americans due to rampant unemployment, working from home and general upheaval due to COVID-19.
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US Judge Says IRS Can't Keep Coronavirus Money From Inmates Totaling More Than $100 Million
A U.S. judge says the IRS can’t keep withholding coronavirus relief payments from incarcerated people, potentially clearing the way for at least 80,000 checks totaling more than $100 million to be sent to people behind bars in the United States. The ruling gives the IRS until Oct. 24 to reconsider the payments for those who were denied or had their...
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Trump Business Deductions: Sketchy, Normal or In-Between?
The massive losses Donald Trump claimed on tax returns were reportedly due at least in part to huge deductions he took against income his businesses had before and after he became president
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The Tax Man Cometh: Did You Get Your Taxes Filed?
CPA and TurboTax expert Lisa Greene-Lewis answers questions for those stragglers who waited until the very last second to file their federal income taxes.
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July 15 Is Tax Day: Here's What to Do If You Haven't Filed Yet
If you still haven’t filed your taxes, you’re not alone. Each year, millions of Americans hold off on filing until the very last minute. This year, Tax Day is extended to July 15 from the usual mid-April deadline, so now is the time to figure out what you need to do. If you have yet to file, or if you’ve...
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IRS Cancels $1.4 Billion to Stimulus Checks Sent to Dead Americans
The Internal Revenue Service is canceling over 1.1 million coronavirus stimulus checks it sent to deceased Americans in April.
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Treasury Department, IRS Will Not Extend Tax Day a Second Time
Uncle Sam has heard your requests for more time to file your taxes – and they have been denied. The Treasury Department and the IRS will stick with the July 15 deadline for 2019 income tax returns and taxes owed for that year, the agencies said. The announcement came less than a week after Treasury Secretary Steven Mnuchin said that…
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Uncle Sam Is Paying 5% Interest on Your Late Tax Refund. And Yes, It's Taxable
The interest is a sweetener for individuals who have been waiting months for a tax refund — because they either filed paper returns or require additional verification with the taxman — and have been stymied by the agency’s gradual return to operations amid the coronavirus outbreak.
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IRS Will Allow for Mid-Year Changes to Health Plans and Flex Spending Accounts
Under ordinary circumstances, the opportunity to make changes to workplace health plans and flexible spending accounts happens only once a year.
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Dead Taxpayers Got Relief Checks. Can Survivors Keep Them?
The IRS is asking people who received payments for a deceased taxpayer to return the money to the government
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Coronavirus Payments Sent to Dead Should Be Returned, Government Says
The federal government wants the money it sent dead people returned, NBC News reports.
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Stimulus Checks: What You Need to Know
At least 80 million Americans will get their stimulus accounts deposited into their bank accounts this week. Here are some frequently asked questions provided by the Internal Revenue Service.
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Some in US May Not Get Stimulus Checks Until August, Memo Says
The federal government expects to begin making payments to millions of Americans under the new stimulus law in mid-April, but some people without direct deposit information may not get checks until mid-August or later, according to a memo obtained by The Associated Press.