Those who want their refunds back as quickly as possible should file electronically and ask for a refund via direct deposit to their accounts, according to tax attorneys and accountants. “If at all possible, file electronically, and request that you receive your refund by direct deposit,” tax attorney Adam Brewer…
Florida's Republican Governor Ron DeSantis is proposing a permanent sales tax holiday on gas stoves and baby formula. DeSantis unveiled his $114.8 billion budget proposal on Wednesday. It includes permanent sales tax exemptions on all baby necessities like strollers and formula, pet meds, and even the embattled gas stove. The…
Millions of Americans don't realize that they are eligible for a tax credit, the Internal Revenue Service (IRS) has revealed. The IRS has issued a reminder regarding a tax credit that last year averaged over $2,000. However, roughly 20 percent of those entitled to the money didn’t claim it. “This…
House Republicans are preparing to vote on a bill that would eliminate income tax and abolish the Internal Revenue Service (IRS). The House will be voting on Republican Rep. Buddy Carter's (R-GA) reintroduced Fair Tax Act. The legislation seeks to reel in the IRS and remove the national income tax,…
The Internal Revenue Service (IRS) is warning American taxpayers that failure to report transactions of $600 or more from payment processing services will run the risk of an audit. The IRS is cracking down on payments made through networks like Venmo, Paypal, and Cash App. The move comes as the…
Dallas Mavericks owner Mark Cuban has reached his limit with Democrat Senator Elizabeth Warren (D-MA), warning that she's "everything that's wrong with politics." The billionaire blasted Warren during an appearance today at Vox Media’s Code Conference in Los Angeles. "I don’t mind being taxed more," Cuban said. "I wrote a…
A federal judge has revealed that FBI agents seized President Donald Trump's medical records and tax documents during the raid on his Mar-a-Lago home last month. On Monday, U.S. District Judge from the Southern District of Florida Judge Aileen M. Cannon ordered that an independent special master be appointed to review Trump’s…
A former Internal Revenue Service (IRS) whistleblower has warned that the government will target middle-income Americans with increased scrutiny and audits under the Democrats’ "Inflation Reduction Act" (IRA). William Henck previously worked as a lawyer for the IRS for 20 years until 2017. He was terminated by the federal agency…
Another day, another Trump-hating celebrity is in hot water with the authorities, and this time, it's international pop star Shakira who is facing the music. Prosecutors in Spain said they will ask a court to jail the popular Colombian singer, whose full name is Shakira Isabel Mebarak Ripoll. If she…
Radical "socialist" Rep. Alexandria Ocasio-Cortez (D-NY) has been hit with fines after failing to pay her taxes in New York state. The congresswoman was fined over her failure to pay a tax warrant filed against her former business five years ago. In 2012, AOC started a children’s book publishing company…