Tax Archives - Slay News

Tax-Preparation Firms Gave Facebook ‘Extraordinarily Sensitive’ Personal Data, Report Shows

Three tax-preparation companies have given the private information of millions of American taxpayers to Facebook's parent company Meta, a bombshell new congressional report has revealed. The tax firms shared the "extraordinarily sensitive" personal data with Meta and other Big Tech companies such as Google. The tax-prep companies—TaxAct, H&R Block, and…

Arnold Schwarzenegger Detained by German Police for Several Hours over Luxury Watch

Arnold Schwarzenegger was detained by police and held for several hours at an airport in Munich, Germany on Wednesday. The Hollywood star was stopped by customs agents and was found to be carrying an undeclared luxury Audemars Piguet watch worth tens of thousands of dollars. Schwarzenegger later described the ordeal…

IRS Issues Warning: Taxpayers Targeted by New ‘Cardboard Envelope’ Tax Scam

The Internal Revenue Service (IRS) has issued a warning about a new scam mail scheme that's targeting taxpayers. The tax scam involves attempting to trick people into believing the government owes them money. “The new scheme involves a mailing coming in a cardboard envelope from a delivery service,” the IRS…

$10M Appeared in Biden’s 2017 Tax Return, Bribery Investigators Find

Democrat President Joe Biden's 2017 tax return shows that he received a staggering $10 million without any details of the source, congressional investigators probing an alleged bribery scheme have discovered. The investigation by the conservative Federalist Society found one of Biden's corporate entities reported nearly $10 million in revenue without…

IRS Warns Time Running Out to Claim $1.5 Billion in Unclaimed Refunds for 2019 Tax Year

The Internal Revenue Service (IRS) has warned American taxpayers that time is running out to claim tax refunds for 2019. On Wednesday, the IRS announced that over a million Americans have unclaimed tax refunds for the 2019 tax year. The deadline to make the claims is now looming as a…

IRS Chief Unveils Plan for Hiring Armed Agents

Internal Revenue Service (IRS) Commissioner Daniel Werfel has unveiled the federal agency's plan for hiring armed enforcement agents. Werfel has provided details about plans to hire armed IRS agents to serve in the agency’s criminal investigations division. The announcement comes amid concerns from Republicans about a proliferation of gun-toting tax…

IRS to Prioritize Criminal Investigations and Enforcement for Certain Assets

The Internal Revenue Service (IRS) has announced that the federal tax agency is prioritizing criminal investigations and will be increasing enforcement on certain assets. The IRS revealed that it plans to increase enforcement in the area of digital asset transactions and listed transactions. The agency identified certain transactions to have…

IRS Lists ‘Dirty Dozen’ Tax Scams in Fresh Warning

The Internal Revenue Service (IRS) has released a list of the "Dirty Dozen" scams that taxpayers should be aware of. The IRS published the list along with a warning to taxpayers and businesses about the latest tax scams. The agency warns that unscrupulous promoters are falsely advertising the availability of…

Democrat Rep Caught with over $30M Nonprofit Funds Stashed in Offshore Cayman Islands Account

Democrat Rep. Daniel Goldman (D-NY) has been caught with over $30 million in private nonprofit funds stashed in an offshore Cayman Islands tax haven account. Goldman's organization reported investments worth $32.2 million that are being held in the Cayman Islands, a popular tax haven for wealthy investors and hedge funds.…

Biden Pushes Billionaire Tax in SOTU Address, Quadrupling Stock Buyback Levy

President Joe Biden urged billionaires and corporations to “pay their fair share” during his State of the Union address on Tuesday night. In his second SOTU speech, Biden repeated the administration’s concept of “reward work, not just wealth.” The president proposed instituting a minimum tax on billionaires and quadrupling…