35 Burst results for "Internal Revenue Service"

How Dr. Fauci Funded Dog Killers

The Charlie Kirk Show

01:59 min | 7 months ago

How Dr. Fauci Funded Dog Killers

"Breaking of the weekend was a series of documents that were obtained through a freedom of information request. It was obtained through an effort to try and get to the bottom of the medical experiments or the medical experiments that Fauci has been conducting over the last couple of years. These documents came out and we learned that Fauci, personally directed the National Institute of Allergy and Infectious Diseases, a division of the National Institute of health to repeatedly fund research where he placed sedated beagles heads while they were still alive in mesh cages and allowed starved sandflies to feast on them and eat them alive. Beagles they then repeated the test outdoors with the beagles placed in cages in the desert overnight for 9 consecutive nights. In an area of Tunisia where sand flies were abundant. Now before we go any further, this is something like a James Bond villain would do. This is something that in a halfway through the movie of goldfinger where they kind of come in and they zoom in kind of panoramic. All of a sudden the Bond villain is like torturing beagles in Tunisia. Like that's not that's not normal, okay? For the public health official. The guy that's supposed to be in charge of epidemiological spread, like, okay, we're gonna go torture dogs and Tunisia. They repeated the test outdoors with the beagles placed in cages. In the desert overnight for 9 consecutive nights the experiment was just one of countless tests. Done on animals with your taxpayer dollars, but when you go to work and you work hard and you go write that check to the Internal Revenue Service, you are funding dog torture.

Fauci Tunisia National Institute Of Allergy National Institute Of Health James Bond Internal Revenue Service
Kamala Harris, Stacey Abrams, and Terry McAuliffe Violated Federal Tax Law

Mark Levin

01:46 min | 7 months ago

Kamala Harris, Stacey Abrams, and Terry McAuliffe Violated Federal Tax Law

"One I want to make a report for the Internal Revenue Service That is part of the department of treasury I want to make a report to the treasury Excuse me the tax division and the Department of Justice The criminal division and the attorney general publicly that Kamala Harris and Stacey Abrams have violated a federal tax law as has Terry mcauliffe Preachers whatever faith they can speak to issues even walk up to the line when it comes to politics but they can not be overt They can not be part of a campaign plan With videos with messaging turn out the vote It's illegal Because these institutions are tax exempt in their tax exempt because among other things they're neither profit making nor political And yet Kamala Harris has produced a video for the term McCullough campaign And they're working very hard to get out the vote in black churches and black communities And Virginia churches are airing Kamala Harris's endorsement of Terry mcauliffe and her urging parishioners to vote after attending church I don't recall such a blatant and aggressive violation of federal tax law But on the other hand what do they have the fear given the Department of Justice

Kamala Harris Department Of Treasury Department Of Justice The Crim Stacey Abrams Terry Mcauliffe Internal Revenue Service Treasury Mccullough Virginia Department Of Justice
Treasury Secretary Janet Yellen Is Building an Army of IRS Auditors

Mark Levin

01:45 min | 8 months ago

Treasury Secretary Janet Yellen Is Building an Army of IRS Auditors

"Ladies and gentlemen they don't need 85,000 new auditors to get billionaires and millionaires There aren't enough billionaires and millionaires for $85,000 It aimed at you and I'll prove it to you again Because they want every transaction involving $600 to be monitored by the Internal Revenue Service That's not the case right now $600 Well you're not going to catch tax cheats with a $600 transaction This is just a way to get the foot in the door so they can spy on you and threaten you That's what we're talking about So here's Janet Yellen on CBS evening news last evening And she's asked about this by Nora O'Donnell Let's go to cut 8 Go You want banks to report transactions of $600 or more That's what the IRS wants Does this mean that the government is trying to peak into our pocketbooks If you want to look at $600 transactions Absolutely not I think this proposal has been seriously mischaracterized The proposal involves no reporting of individual transactions of any individual Look yes it does What are you talking about Yes it does A $600 transaction They want to be able to Monitor it And the banks have to report it What is she talking about These people on this administrator they lie worse than your typical American Marxist

Janet Yellen IRS Nora O'donnell CBS Government
Biden's Bill Will Empower the IRS to Track Your Every Transaction

Mark Levin

01:30 min | 8 months ago

Biden's Bill Will Empower the IRS to Track Your Every Transaction

"One One of the core aspects of this bill Biden and the Democrats are pushing Is to massively increase the power of the Internal Revenue Service Now for people who don't pay taxes and are on the doll that's not a big deal But for people who do it is a big deal Because it's intended to again Bully threaten intimidate law abiding American citizens who are actually pay the freight in this country While people on the dog get to watch and laugh John barrasso at a press conference today cut 6 go The Republican Party is not going to allow the IRS to spy on your banking accounts On this single topic alone I've gotten more emails and calls in the last three weeks than I have on any other item over the last of the times I've been in the United States Now what is he talking about Well we've talked about now for weeks and I've done it on television as well And that is this Biden is proposing that any Movement of money that is $600 or more can be monitored by the Internal Revenue Service They can try and figure out what it's for Whether it's coming into your account or going out of your account and not just your account it could be PayPal or Venmo or whatever it is That the Internal Revenue Service would be empowered to trace that And to monitor that

Bill Biden Internal Revenue Service John Barrasso Republican Party Biden United States Venmo Paypal
Renaissance Hedge Fund Execs to Pay $7B in IRS Settlement

Wall Street Breakfast

00:34 sec | 9 months ago

Renaissance Hedge Fund Execs to Pay $7B in IRS Settlement

"Simon's and robert mercer along with current and former executives of hedge fund. Renaissance technologies will personally pay as much as seven billion dollars in back taxes interest and penalties to settle a long-running dispute with the internal revenue service a tax settlement. That may be the largest in history simon's who started renaissance before retiring as the firm's chairman. On january i will make an additional quote settlement payment of six hundred seventy dollars according to the firm. Mr simon's will also pay back. Taxes related to his

Robert Mercer Renaissance Technologies Simon Internal Revenue Service Mr Simon
Republican Lawmakers Should Launch a BDS Movemennt Against Higher Education

Mark Levin

01:52 min | 11 months ago

Republican Lawmakers Should Launch a BDS Movemennt Against Higher Education

"With Republican legislatures. BDs. These schools Slash their budgets. Have oversight. But even more you as individuals. U. S individuals have rights. I say students obviously have taken their own education professor is abusing his role in turning the classroom into a regular indoctrination seminar in support of the many Marxist related movements. The students should demand that the college university refund his costs, even joined with like minded students and objected the professors propagandizing to the school administration and perhaps even consider litigation along commercial lines for false advertising bait and switch, etcetera. He creative think outside the box. You can also use freedom of information acts. Within the states. To demand access. Two budgets, finances, salaries, virtually anything you want. That is supported or subsidized on the public dime. How often is that done? Almost never You can spoil the contracts. You can gather an enormous amount of information. Friend of mine who is an attorney in Florida. Says to me, I'm reading your book. I just hope people will become active. I said, hoping people will become active ain't gonna cut it. Said. What's interesting you as an attorney, you can actually sit at your desk. And become an activist. There are ways to file complaints with the Internal Revenue Service. You can file complaints with other entities. You can file Freedom of Information Act. You can gather information. There's an enormous amount you can do just sitting at your desk, but I don't recommend just sitting at your desk. What else? Since the Biden

College University Florida Internal Revenue Service Biden
"internal revenue service" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:31 min | 1 year ago

"internal revenue service" Discussed on Bloomberg Radio New York

"The Internal Revenue Service won't tax forgiven P p p launch, some states do but states taxing P P p loans or a mix of blue and red. Vermont, California, Florida, Hawaii, Minnesota, Nevada, New Hampshire, North Carolina, Texas, Utah and Washington chose to tax the P P p loans or have been considering it, but there may be some hope. At least 10. Other states reversed course earlier this year, they decided not to impose taxes in many small business owners have delayed ponying up in the hopes This situation in their states may change. That's the Bloomberg small business Report. Wake up and text text and eat. Mm text and catch the bus. Text and miss your stop where we're text and be late to work. Sorry. I'm late Text and work text and pretend to work. Next. The next surprised when someone calls you out for not working Who me text and meet up with a friend You haven't seen in forever high, okay, text and complain that they're on their phone the whole time. Text and listen to them complain that you're on your phone the whole time. Uh, Text in whatever, but when you get behind the wheel, give your phone to a passenger put it in the glove box. Just don't text and drive this it stop texts stop wrecks dot org A public service announcement brought to you by the National Highway Traffic.

National Highway Traffic North Carolina New Hampshire Bloomberg Nevada Texas Internal Revenue Service Hawaii Vermont Florida Utah California Minnesota Washington earlier this year At least 10
Richest Americans Like Bezos, Musk Avoided Income Tax

AP News Radio

01:00 min | 1 year ago

Richest Americans Like Bezos, Musk Avoided Income Tax

"A report finds that America's billionaires are good at dodging the tax collector an anonymous source delivered reams of Internal Revenue Service data to ProPublica a nonprofit investigative journalism organization the report found the richest twenty five Americans pay less in taxes than many ordinary workers do an average of fifteen point eight percent of adjusted gross income tactics include the use of charitable donations and benefiting mainly from investment income tax around twenty percent instead of thirty seven percent for wage income among other findings Amazon founder Jeff Basil's paid no income tax in two thousand seven and two thousand eleven and Tesla founder Elon musk paid zero income taxes in twenty eighteen financier George Soros paid no taxes for twenty sixteen to twenty eighteen which is spokesman attributed to the billionaire losing money on his investments IRS commissioner Charles Rettig testifying today before senators on the finance committee said that when it comes to enforcement of tax collection the agency is out gunned as far as the pro publica data he said they are investigating the leak I'm Jennifer king

Propublica Jeff Basil IRS America Elon Musk Charles Rettig Tesla George Soros Amazon Finance Committee Jennifer King
Crypto Investors Face Tax Scrutiny

WSJ What's News

01:31 min | 1 year ago

Crypto Investors Face Tax Scrutiny

"The internal revenue service is paying attention pursuing americans who haven't paid taxes on them. Let's discuss this with. Wsj markets calmness rachelle to ploenzke. Hi there pointing mark rachelle. We've seen the irs issue summonses. There are cases in boston and san francisco Just how serious are they about this. Well they're they're the irs. They're pretty serious. Not really much of a sense of humor and there some history really behind it you know in two thousand fourteen. They declared that cryptocurrencies where assets rather than currencies which means they're kind of like stocks and so buying selling and even some crypto payments are subject to income tax. So this story is that the irs has asked crack in and circle to give information on. Its customer counts and the transactions their circle says they will work with the irs while cracking hopes to do it in a way that protects clients interests. There seemed to be concerned about government intrusion but the irs did something similar with coin based global in two thousand sixteen and they ended up getting information on about thirteen thousand accounts that seems to have led it collecting about thirteen million more taxes. And what about. Penalties rachelle heartless crypto fall into this. Yeah just like other forms of income tax any failure to report transactions and income can lead to both back texas payables penalties and even criminal prosecution so the irs is serious and people should take it seriously but they can file amended tax returns or even apply for the irs is voluntary disclosure program

IRS Mark Rachelle Rachelle WSJ San Francisco Boston Texas
IRS Head Says as Much as $1 Trillion in Taxes Goes Uncollected

C-SPAN Programming

01:35 min | 1 year ago

IRS Head Says as Much as $1 Trillion in Taxes Goes Uncollected

"Finance Committee hearing today, the head of the Internal Revenue Service, saying that the amount of taxes going uncollected by the federal government Could be as much as $1 Trillion, perhaps even more every year, Charles Reddick, telling lawmakers that his estimate goes far beyond the official $441 billion difference between taxes paid and taxes owed annually. The so called tax cap reported by the Iris, which is based on figures from 2011 through 2013 more from today's hearing. During the pandemic. We adjusted to a virtual operation as quickly as we could, but we realized that that was not seamless for the people who had to interact with us, and we greatly appreciate the patience and understanding of others as we tried to operate to the best of our abilities, and I think the foregoing personally I'm very appreciative of the efforts of our employees and People generally, and I'm not going to call out our people separate. Everybody had a difficult time. But I asked a tremendous amount of every employee of the Internal Revenue Service. We got the best of the best. They stepped in. They were creative. They were innovative. They came up with plans in a hurry to allow us to do as well as we did. The success and strength of the Internal Revenue Service is the employees of the Internal Revenue Service. That's from Charles Ready? He heads up the I. R s now one leading factor on the inability for the agency to collect taxes owed. The rise of virtual currency holdings. Here is

Charles Reddick Internal Revenue Service Finance Committee Federal Government Charles
"internal revenue service" Discussed on Boring Books for Bedtime

Boring Books for Bedtime

01:59 min | 1 year ago

"internal revenue service" Discussed on Boring Books for Bedtime

"Through the mail. The business will receive an e af tps pin package that contains instructions for activating it's f tps enrollment penalties. The law provides penalties for not filing returns or paying taxes as required criminal. Penalties may be imposed for willful failure to file tax evasion. Or making a false statement. If you do not file your tax return by the due date you may have to pay a penalty. The penalty is based on the tax. Not paid by the due date. See your tax return instructions for more information about this penalty if you do not pay your taxes by the due date you will have to pay a penalty for each month or part of a month that your taxes are not paid for more information. See your tax return instructions if you do not withhold income social security or medicare taxes from employees or if you withhold taxes but do not deposit them or pay them to the irs. You may be subject to a penalty of the unpaid tax plus interest. You may also be subject to penalties if you deposit the taxes late for more information see publication fifteen the following penalties apply if you are required to file information returns for more information. See the general instructions for certain information returns. A penalty applies if you do not file information returns by.

"internal revenue service" Discussed on Boring Books for Bedtime

Boring Books for Bedtime

04:59 min | 1 year ago

"internal revenue service" Discussed on Boring Books for Bedtime

"Us cis offices or from the us cis website at u. s. c. s. dot gov. Call the us cis for more information about your responsibilities. Each employee must fill out form. W four employees withholding certificate. You will use the information provided on this form to figure the amount of income tax to withhold from your employees wages for more information see publication fifteen t form w two wage reporting after the calendar. Year is over. You must furnish copies of form w two wage and tax statement to each employee to home. You paid wages during the year. You must also send copies. To the social security administration see information returns for more information on form w two excise taxes. This section describes the excise taxes. You may have to pay and the forms. You have to file if you do. Any of the following manufacture or sell certain products operate certain kinds of businesses use various kinds of equipment facilities or products receive payment for certain services for more.

"internal revenue service" Discussed on Boring Books for Bedtime

Boring Books for Bedtime

01:37 min | 1 year ago

"internal revenue service" Discussed on Boring Books for Bedtime

"You can a portion of your se tax as an adjustment to come on your form. Ten forty or ten forty s are the social security administration or s s a time limit for posting self employment income generally the essay. We'll give you credit only for self employment. Income reported on a tax return filed within three years three months and fifteen days after the tax year. You earned the income. If you file your tax return or reported change in your self employment income after this time limit the s a may change its records but only to remove or reduce the amount. The essay will not change. Its records to increase your self employment income employment taxes. This section briefly discusses the employment taxes. You must pay the form. She must file to report them. And other forms. That must be filed when you have employees employment taxes include following social security and medicare taxes federal income tax withholding and federal unemployment or footer tax. If you have employees you will need to get publication..

three years ten Ten forty three months fifteen days year forty
"internal revenue service" Discussed on Boring Books for Bedtime

Boring Books for Bedtime

03:37 min | 1 year ago

"internal revenue service" Discussed on Boring Books for Bedtime

"You must use accounting method that clearly shows your income in general any accounting method that consistently uses accounting principles suitable for your trade or business clearly shows income. An accounting method clearly shows income. Only if it treats all items of gross income and expense the same from year to year when you own more than one business you can use different accounting method for each business. If the method you use for each clearly shows your income you must keep a complete and separate set of books and records for each business once you have set up your accounting method. You must generally get irs approval before you can change to another method. A change in accounting method not only includes a change in your overall system of accounting but also a change in the treatment of any material item for examples of changes that require approval and information on how to get approval for the change see publication five three eight business taxes the form of business you operate determines what taxes you must pay and how you pay them. The following are the four general kinds of business taxes income tax self-employment tags employment taxes and excise taxes..

"internal revenue service" Discussed on Boring Books for Bedtime

Boring Books for Bedtime

04:23 min | 1 year ago

"internal revenue service" Discussed on Boring Books for Bedtime

"An s. corporation. You must continue to use the calendar year unless you get. Irs approval to change it or otherwise allowed to change it without irs approval. You must use a calendar tax year if you keep no books or records you have no annual accounting period. Your present tax year does not qualify as a fiscal year or you are required to use a calendar year by provision of the internal revenue code or the income tax regulations for more information see publication five three eight accounting periods and methods. If you have never filed an income tax return for your business you can adopt either a calendar tax year or a fiscal tax year although some partnerships and s corporations must use a particular tax year. See publication five. Three eight for more information. You adopt a tax year by filing your first income tax return using that tax year. You have not adopted tax year if all you did was one or more of the following filed an application for an extension of time to file an income tax return filed an application for an employer identification number or paid estimated taxes for that tax year. Once you have adopted your tax year you may have.

"internal revenue service" Discussed on Boring Books for Bedtime

Boring Books for Bedtime

03:32 min | 1 year ago

"internal revenue service" Discussed on Boring Books for Bedtime

"Return of partnership income for more information see publication five four one partnerships.

"internal revenue service" Discussed on Boring Books for Bedtime

Boring Books for Bedtime

01:41 min | 1 year ago

"internal revenue service" Discussed on Boring Books for Bedtime

"You are a farmer see publication two to five farmers tax guide partnerships a partnership is the relation existing between two or more persons who join to carry on a trade or business h person contributes money property labor or skill and expects to share in the profits and losses of the business a partnership must file an annual information return to reports the income deductions gains losses et cetera from its operations but it does not pay income tax instead it passes through any profits or losses to its partners. Each partner includes his or her share of the partnership's items on his or her tax return for more information on partnerships see publication five four one partnerships business owned and operated by spouses if you and your spouse jointly own and operate an unincorporated business and share in the profits and losses. You are partners in a partnership whether or not you have a formal partnership agreement. Do not use schedule. C instead file form ten sixty five. Us s.

Each partner two five one partnerships persons sixty ten
"internal revenue service" Discussed on Boring Books for Bedtime

Boring Books for Bedtime

04:01 min | 1 year ago

"internal revenue service" Discussed on Boring Books for Bedtime

"Slowly and off we go tonight. Where relaxing with some of the most boring documents ever written publications provided by the united states internal revenue service to assist you in filing your federal income tax. Let's begin the united states department of the treasury internal revenue service publication. Five eight three catalog number one. Five one five zero. Be starting a business and keeping records introduction. This publication provides basic federal tax information for people who are starting a business. It also provides information on keeping records and illustrates a record keeping system throughout this publication. We refer to other irs publications and forms where you will find more information. In addition you may want to contact other government agencies such as the small business administration at s. b. a. dot gov we welcome your comments about this publication and suggestions for future editions. You can send us comments through. Irs dot gov slash form comments or you can write to the internal revenue service tax forms and publications one. One one one constitution avenue northwest. I are dash six five to six washington dc two zero two two four. Although we cannot respond individually to each comment received we do appreciate your feedback and will consider your comments and suggestions. As we revise our tax forms instructions and publications do not send tax questions tax returns or payments to the above address..

IRS warns of phishing scam targeting colleges, universities

AP News Radio

00:43 sec | 1 year ago

IRS warns of phishing scam targeting colleges, universities

"The IRS says a phishing scam is targeting colleges and universities the Internal Revenue Service issued a warning Tuesday about a phishing scam targeting students and staff who have an email address with Edie you the fraudulent emails display the iris logo and use various subject lines like tax refund payment or recalculation of your tax refund payments the emails ask people to click on a link and submit a form to claim their refund the fishing website then request people to provide personal information like your name date of birth and social security number people receive the scam email should not click on the link but they can reported to the IRS I'm surely either

IRS
IRS delays tax filing deadline until May 17

South Florida's First News with Jimmy Cefalo

00:12 sec | 1 year ago

IRS delays tax filing deadline until May 17

"The Internal Revenue Service has decided to extend the tax filing deadline for an extra month. Taxpayers now have until May 17th to file their 2020 returns and pay any outstanding balances

Internal Revenue Service
IRS will delay tax filing due date until May 17

AP News Radio

00:47 sec | 1 year ago

IRS will delay tax filing due date until May 17

"The Internal Revenue Service is giving taxpayers an extra month to file their taxes this year the announcement comes from the house ways and means committee that the traditional tax filing deadline is being postponed from April fifteenth to may seventeenth committee leaders say the extensions absolutely necessary to give Americans some needed flexibility in this unprecedented crisis it also helps the IRS which is backlog because of coal bed and distributing government relief checks and it allows time to decipher recent tax law changes under the code relief plan which excludes the first ten thousand dollars of unemployment benefits for tax filers who make under one hundred fifty thousand dollars Jackie Quinn Washington

House Ways And Means Committee IRS Jackie Quinn Washington
Machine Learning Lifecycle 2021 Conference Preview

AI Today Podcast: Artificial Intelligence Insights, Experts, and Opinion

06:26 min | 1 year ago

Machine Learning Lifecycle 2021 Conference Preview

"In today's episode though we wanted to highlight our upcoming machine learning life cycle event. That's taking place. January twenty sixth through twenty eight. Twenty twenty one. I know that some of our podcast listeners signed up for our data for a conference that took place in september of twenty twenty and that was a really awesome event. we had hundreds of sessions. And you know lots of live sessions. Many more on demand with some incredible speakers at that event so just like with our data for a icon machine. Learning life cycle event is going to have that as well. We're going to have incredible. Keynotes incredible presenters and sessions as well really focused on that whole learning life cycle including m l. operations building models model management. So we'll have key five. He is for our sessions and our content for the upcoming machine learning life cycle event. If you like to check out that event we encourage you to go to life cycle. Comp dot com so m. l. life cycle co nf dot com. You can sign up as always. Our events are free to attend but so we wanted to spend you know a little bit of time going into the key. Main areas of focus for the sessions. And then some highlight. Some of the presenters sessions as well so the first area of focus is going to be on machine learning model development sessions in this will include and be focused on building and developing models so for supervised learning unsupervised learning reinforcement learning and then also across all different kinds of algorithms. So we talk about the three different types of learning and a lot of our podcast but just to go over that supervised learning through example unsupervised is learning through discovery and then reinforcement learning is learning through trial and error so that that area is going to focus really on model development for for that That all of that stuff. The next area of focus is going to be the machine. Learning model management so sessions in this category will focus on how companies should go about managing their models once. They're actually in production version eating life cycle management and then also aspects of that human side of management as. Well you know we don't want to forget at the end of the day. There are humans that are overseeing and managing this. So let's not forget about that aspect as well related to this idea of emo model management is this emerging space called ops mo operations which does overlap a bit and he talks about dealing with model life cycle in terms of The version being an iteration of models. And that's our of stuff but mls also keep an eye on the model as it's in production so things like model drift and data drift so these sessions on mo ops. I talk about what. Emma lops is how it relates to a related area which is taking a development code in the operational aspects of managing the development life cycle. There's a lot of things in common with that. There's a lot of different things though. Dealing with data drift a model drift and aspects of modernisation and models security and all sorts of things. So people definitely have sessions on. Emily ops quite a few and some emerging technology vendors that are expanding in the space. You're gonna wanna hear from them. Also we're to be looking at model governance so machine learning model governance. This is really focused on aspects of the the management of models in terms of access and control and decision making and who gets access to the various models and maybe differences in version in terms of. Maybe wanna keep multiple versions of a model around for different purposes. Maybe models trained in different data sets for different things you know. How do you handle. That can become very complicated. And you have to. Of course deal security and privacy and all these sorts of aspects. We're gonna be talking about that in the nfl model governance aspects. And of course we have lots of other sessions focused on adoption and development and management of machine learning models across the life cycle from people across the board who have been implemented on implementing machine learning. So just like our events we've have in the past We have three tracks. Are we have a track. That's focused on the technology side. So you can learn about how to do things and get insights on the from a from a technology perspective. We also have an industry track which is really focused on the industry applications. How are different industries applying these technologies. What are their use cases. What are the some of their lessons. Learned there's also some panels we might have from people. We do have actually throw people in different industries who are share around a similar topic and then of course we have large government and public sector contingency because governments around. The world are making use of machine learning for a lot of things. We're dealing with on our day to day basis of course dealing with things like pandemic and public health but still many other aspects of our life because the government's you know facing the same remote world that we are an ai machine learning Forms apart so we have incredible speakers and sessions and we'll we'll highlight a few of them right here in this podcast right so we have some great keynotes that we wanted to talk about. We have harrison smith. Who's the director of enterprise digitisation at the internal revenue. Service the irs. He's going to be talking about from digitisation to ai. How technology is transforming the government and in particular the irs. I know that many government agencies especially in twenty twenty digitisation and digitalization has been a big focus for that because as we shift from in person to remote work they've needed to really ramp up quickly a lot of their processes to make sure that people are able to stay functioning in their roles. So that's going to be a really incredible keynote. We also have maria wrote. Who's the deputy federal chief information officer from the office of management and budget ownby. She's going to be delivering a keynote as well about Ai in the government. We're also going to have tim persons whose chief scientists in managing director of the science technology assessment analytics team at the. Us government accountability office gao. He's going to be delivering a keynote about planning an agile government with artificial intelligence

Life Cycle Co Emma Lops MLS Emily Harrison Smith NFL IRS Office Of Management And Budge Government Maria Science Technology Assessment TIM United States
"internal revenue service" Discussed on 77WABC Radio

77WABC Radio

05:35 min | 1 year ago

"internal revenue service" Discussed on 77WABC Radio

"Investment officer. Man with the plan and yeah, it's my dad. Big Bob Pain. We've got a great show for this morning to help you on your path to financial independence. You know about is you know I used to love playing guitar and whenever I would play a gig back in the day, I would re tune my guitar between every single song because invariably at least one string would get out of K. Similar even if you have a solid financial plan in place, things can quickly get out of tune if you don't make adjustments from time to time so that we could discuss some of the areas where you can often become out of tune your financial plan. And when I think about a lot is that moving target of tax changes, You know, absolutely right. Just take the recent election. There were so many investors that were concerned about what regime was going to get in what the implications were gonna be on taxes. Even though the new president doesn't take over until next year. So there are people setting up trust they were taking Gaines because they're so afraid of future capital gains without knowing the facts. So a lot of times If you don't have a plan, you don't have a cohesive plan. You take this knee jerk reaction to whatever news comes your way, and it usually ends in tears. All we heard about before the election was capital gains rates are going up. In fact, you're still hearing about that. But reality of it is about institutional investors control the market action and institutional investors don't pay Capital games s. So even if they do raise capital gains, it's probably not going to move the market. And secondly, why would I sell out of my positions that pay 34% earn zero in cash? By the most tax efficient investment there is is to buy something for the long haul. Never sell it, collect your dividends and upon death, pass it to your heirs or your cherished institutions on a stepped up bases. So the only person you hurt by selling prematurely is yourself you're voluntarily sending money to the Internal Revenue Service. And the other thing to think about, too, though, is I mean taxes are moving target, and there's so many things you can do from a tax perspective when it comes to your portfolio. You know, One thing we do. Talk about often on this show is all your retirement accounts. You're a ticking tax time bomb when you turn 72 Not this year. Luckily don't to take distributions. But the government forces you to take money out of your portfolio. Now, what have you planned ahead of time? You know where if you started looking at taking distributions earlier, So by the time you hit 72, you're not here with this huge tax bill and you're paying high taxes and retirement. These are the kind of pro moves in adjustments. You have to start tweaking your portfolio with now so you can benefit later, right? That just speaks volumes to why you need to have the right professionals. You can't afford to have an annuity sales. When are a stockbroker? Some banker? That's you know, working on your portfolio, you need a fiduciary. You need a certified financial planner who number one understands the implications of every decision. But more importantly as the background to be able to coordinate your plan with your C P A. And with your attorney, your estate planning attorney exactly having that financial dream team. It's so critical, and that's why with all of our clients were always in line with the estate planner, the accountant because you do want everyone working in concert. Because you're not right now. You don't have a financial plan. You have a plan of hope. You're hoping that your money is going to grow. But even if it grows like what taxes you're gonna pay on your money, So you really do have to think about all those things. But the other thing that gets out of tune in your financial plan is having the right amount of risk and man Oh, man, this huge move in the market this past week. You and our calling it we said after the election. You gotta worry about the market Ramping up here. You know, the question becomes. Did you sit with too much money in cash? Were you sitting on the sidelines waiting and missing out on that growth you need in your portfolio for retirement, Great point, right wrist or something you can on Lee really ascertain in hindsight. And you know you hear about? Oh, don't take too much risk. Don't be risking your portfolio but not having enough risk not having enough risk assets, which are the drivers of returns that overcome the most dangerous thing out there for everybody's portfolio. And that's had hidden, insidious tax called inflation. Exactly, Bob, and that's the problem Right now. It's more critical than ever because we know Bash pays nothing. So it's not like back in the day. You still get 4% or 5% interest on your money market fund. Those days are over. You know, at this point every day that you sit in cash you get further and further behind the eight ball, and you may rationalize it with. Well, I just got to get through this year. I gotta wait till the pandemics over. I've gotta wait for the election to be over. Well, the lesson learned here is you never wait for those things to be over because the market's going up and up and up. You're never gonna get that return back. So the more you delay, the more you procrastinate here, you only get further and further behind that April You know, it's not just the new clients that were working with Will we find the generation that was impacted the most by this low interest rate environment where their parents and their parents are still alive. They're still rolling over CDs that one or two basis points are, in actuality and negative return, and all they need to do is move out a little bit in the risk Herb to get a positive return and be able to stay retired, not become dependent on their Children. Hey, Yeah, That's good lesson for you, Bob. I will support you. But, you know, duper Regine Marie just saying Theo. Other thing to think about, too is me. This is something that's really, really important..

Bob Pain Internal Revenue Service attorney officer Gaines president fiduciary Herb Bash accountant Regine Marie Lee Theo
Analyzing The NY Times Trump Tax Return Story (In Depth)

Radical Personal Finance

06:12 min | 1 year ago

Analyzing The NY Times Trump Tax Return Story (In Depth)

"The president's taxes long concealed records show trump's chronic losses and years of tax avoidance. I'M GONNA go through this story with you in an extremely detailed way I'm going to give you an overview. Tell you what's in the article was not in the article, and then we'll go through it in a an extremely detailed ways that you can get an idea of Some lessons that you can learn and apply to your own life, and I'll talk to you about what's behind the scenes so that you can feel much more competent when discussing this or really any other kind of of article this article in the New York Times is going to read I. Guess I should say, obviously, it's GONNA re differently depending on the political back on that you come. But it's going to be read very differently based upon whether you have any knowledge or familiarity with tax code in general how taxes work in the United States how business works etc or if you don't and. For that reason, it's really fascinating to look at People's responses to this article because the responses dramatically depending on. I guess somebody's exposure to it. So I, let me give you Joshua's summary of the article begin with Lead The New York Times Obtained Donald Trump tax information extending over more than two decades revealing struggling properties vast right offs an audit battle and hundreds of millions in debt coming due in short the New York Times of tained evidently all of trump's tax returns over the last fifteen years or so including returns from the business organizations that he is involved in. They've evidently analyzed those returns and they basically wanted to make a few basic statements number one. There was no evidence of malfeasance uncovered with regard to Russia or other kinds of of basic Allegations that have been been being made the basic arguments that they that they tried to advance in this article or number one that president trump has lost lots and lots of money over the years and I think that's the probably when the authors were riding trying to say, what do we talk about? They were basically trying to say, well, let's prove that. President trump is not a very good businessman because he's lost lots of money that would be number one with regard to potential areas of misdeeds. They talk extensively about a few basic things. Number one is the use of business losses across the organization including a seventy something million dollar tax deduction that had been claimed for and filed for from A. Number of years ago, talking to that number a little in a little bit consulting fees and also deductions whether deductions are are valid or not. Now I think for the anti-trump crowd. Unfortunately, there's no smoking gun in the taxes and this is hard hard to overstate how important this story is in political terms have been many political consultants who for many years been saying well, if we could just get a hold of the tax returns, then we could prove all of these things about president. Trump's crookedness and all the things that he's done wrong and then we'll. We'll be able to make that case as a slam dunk case that does not seem to be the case or at least if that is the case, the New York Times did not choose to profile anything in this initial story as a financial planner story and I said, Yep okay. That makes sense. Yup that makes sense. No surprise there. Yup. That sense that makes sense. That's make sense. Explain all the details of how. How that is but I don't see this is not a bombshell story for a financial planner and so I think that was that's one thing that's worth pointing out most of the techniques and and things discussed here is exactly what I would understand. In fact, much of what I teach radical personal finance. When I teach tax planning, the techniques are just simply a little bit grander in scale than what a lot of people do but there's not really any fundamental difference that I can see from what president trump has. been doing over the years versus what I teach people to do to save on their taxes. So let's begin and I'm going to give you a detailed analysis and I'm doing this just. So you can think about my brain of how I read articles like this I I'm I'm not I don't have a political horse in the race. I'm not trying to make go on where the other, but it is really interesting to read an article like this and think about the challenge of writing it I'm not. I'm not an anti, New York Times Guy I'm not a Pro New York Times guy probably read and and respect newspapers much more than I do many other many other forms of of news and I think that the Arctic the authors of this of this story. Russ boot Suzanne Craig Mike MacIntyre is the story of their lives right where they've been working hard to get it just right and you see that carefulness in the writing, but we'll still analyze A. Little bit of the land is a little bit of the details along the way through as well. So we begin with a with the lead. Donald J, trump paid seven hundred and fifty dollars in federal income taxes the year he won the presidency in his first year in the White House he paid another seven hundred fifty dollars. He had paid no income taxes at all in ten of the previous fifteen years largely because he reported losing much more money than he made. As the president wages reelection campaign that polls say he is in danger of losing his finances are under stress beset by losses and hundreds of millions of dollars in debt are coming do that he has personally guaranteed also hanging over him as a decade-long audit battle with the Internal Revenue Service over the legitimacy of the seventy two point nine, million dollar tax refund that he claimed and received after declaring huge losses, an adverse ruling could cost him more than one hundred, million dollars. Now in that lead, we see these these themes that I've talked about and I just I give you my reactions to what it says here most of this is designed to have a good news hook, which is true, and that's what a new newspaper should do. It's pretty amazing that somebody who is renowned and purported to be a billionaire would only pay seven hundred fifty dollars in income taxes and to the average person. Who doesn't understand taxes that will sound like a shocking reality. A shocking number

Donald Trump President Trump New York Times United States Pro New York Times Internal Revenue Service Russia Joshua Donald J White House Russ Suzanne Craig Mike Macintyre
Nearly 9 million Americans haven't received their stimulus checks

Eric Metaxas

00:35 sec | 1 year ago

Nearly 9 million Americans haven't received their stimulus checks

"Million Americans were still without their stimulus checks seven months after the care Zack past that, according to a new report from the Government Accountability Office. It's the third such report put out by the nonpartisan congressional watchdog known as the investigative arm of Congress. Examining the implementation of the cares act. Another pandemic relieve actions. Each report outlines steps for Congress in the Trump administration it take to improve the nation's response. While the Treasure Department and the Internal Revenue Service had tried to smooth out some of the flaws in the Stevens check program, the agency's still lack updated information how many eligible recipients have yet to receive these funds?

Congress Government Accountability Offi Internal Revenue Service Donald Trump Zack Treasure Department Stevens
IRS Announces Taxpayers Can Make Checks Directly Payable To Any Corporation Or Billionaire They Want This Year

The Topical

02:48 min | 2 years ago

IRS Announces Taxpayers Can Make Checks Directly Payable To Any Corporation Or Billionaire They Want This Year

"The onion and onion public radio. This is the topical I'm Leslie Price. Mother fucker and we'll be right back. Hey, does anyone know who I talk to about getting my w two? If there's one thing everyone hates. It's doing taxes. However, the Internal Revenue Service recently announced a major change that they're hoping will make it easier this year for taxpayers to file OPR's financial correspondent Marcy Hammond joins me now with more on this marcy. What can you tell us well as lead the? IRS is rolling out a new system that will cut out the middleman so to speak starting this year. Year tax payers are instructed to just make their checks payable to any billionaire they want. It certainly does get rid of a step or two, but what led to the IRS making this change well irs funding has been cut by twenty five percent in the last ten years leaving the agency understaffed and under resourced. It takes a large workforce to get all that money into the pockets of the. The wealthy so from the tax agencies point of view. This change kills two birds with one stone. I spoke with Iras agent Marcia Krieg. Who explained how it works? Sending money to us have become irrelevant wasteful step. The IRS would cash taxpayers checks only for the funds to then be transferred to billionaires in the form of corporate subsidies, tax breaks and money grants for the corporations, but having tax payers. Payers right there. Check directly to Mike Bloomberg. Bill Gates or anyone in the coke family really streamlines that process so tax payers choose which of the nation's richest CEO's. They send their money to to be honest. It doesn't matter any of the five hundred and forty billionaires in the United States will do because your cash is eventually going to end up going to them anyway. However Payments Jeff Bezos. The fastest interesting, and how has it been working out for those who have already filed their taxes this year? Well I spoke to a few taxpayers, and so far they seem to think this new rule just makes sense. It was really easy. I paid my billionaire online turbo tax offered me some suggestions to choose from Howard Schultz Jack. Dorsey I chose the Elon Musk option and with just a click I deposited the money right into one of his. His offshore accounts I went down to H. and R. Block and ended up owing two hundred dollars to mark. Zuckerberg. I thought about fudging the numbers a bit, but facebook probably House on my financial that already in I. Don't WanNa on it. That brings up an interesting point. What if you owe a lot of money and taxes and the time to pay off or to get an extension? Well Billionaires Larry. Page Jamie, Dimon and the Walton family of. Of already set up their own tax, departments offer payment plans to tax payers, but just a warning. The interest rates are very high. It might be your only choice if you can't afford to pay. Just don't try to duck out on paying unlike the IRS, these tycoons wield a lot of power, and they will ruin you. Good advice but marcy I have to ask. This information has been out for a while now and today is tax day it. It seems like all. This information would have been more helpful to our listeners a few weeks even months

Internal Revenue Service Marcy Hammond Jeff Bezos Leslie Price Mike Bloomberg Marcia Krieg Bill Gates Facebook United States Dorsey OPR Howard Schultz Jack CEO Zuckerberg R. Block Jamie H. Dimon
Tax filing will not extend past July 15

AP News Radio

00:44 sec | 2 years ago

Tax filing will not extend past July 15

"The Internal Revenue Service will not extend the tax filing deadline it means federal taxes are due in about two weeks it will not be extended beyond July fifteenth IRS commissioner Charles Reddick told the Senate finance committee tax payers have options a variety of payment related options that folks can look to we also temporarily adjusted our process is to help people and businesses during these uncertain times the ranking Democrat on the committee Ron Wyden asked about lost revenue from wealthier Americans who do not file income taxes or pay their taxes together these wealthy taxpayers owed nearly forty six billion dollars the treasury inspector general says the IRS failed to issue some nine hundred thousand audits at Donahue Washington

Internal Revenue Service Charles Reddick Ron Wyden Donahue Washington Commissioner Senate Finance Committee Treasury
Tax filing will not extend past July 15

AP News Radio

00:44 sec | 2 years ago

Tax filing will not extend past July 15

"The Internal Revenue Service will not extend the tax filing deadline it means federal taxes are due in about two weeks it will not be extended beyond July fifteenth IRS commissioner Charles Reddick told the Senate finance committee tax payers have options a variety of payment related options that folks can look to we also temporarily adjusted our process is to help people and businesses during these uncertain times the ranking Democrat on the committee Ron Wyden asked about lost revenue from wealthier Americans who do not file income taxes or pay their taxes together these wealthy taxpayers owed nearly forty six billion dollars the treasury inspector general says the IRS failed to issue some nine hundred thousand audits at Donahue Washington

Internal Revenue Service Charles Reddick Ron Wyden Donahue Washington Commissioner Senate Finance Committee Treasury
"internal revenue service" Discussed on KTRH

KTRH

05:39 min | 2 years ago

"internal revenue service" Discussed on KTRH

"I should probably tell the Internal Revenue Service the deceased means what it means yeah he's dead yep I've heard at least anecdotally of several cases of checks arriving you have first hand I have first hand knowledge yeah name deceased's name deceased and then there's the Czech army is one thing it's one thing if they don't realize yet that you've died it's another thing when they're printing out a check that has the name of this is to seize because that should be a tip off that you're that person that person's gonna have a difficult time cashing that check if they're not alive it's a it's a little bit more difficult to do I understand here's the problem yeah I try to return the yeah magic no matter what goes along with trying to give it back yeah I'll just call the IRS yeah Hey good luck with that okay the the problem I think with any government agency is they're not designed to do anything quickly or necessarily efficiently so when did you first come to that realization on just to tell you something that is you know Ainsley obvious for for all of us but this is how I don't know you know if anybody could catch a check like that but that's a money gets wasted in time money and everything else gets waste is by having something right there gobbled up yeah or doubled outside malfeasance you should be able to they should have enough employees of the Internal Revenue Service where they can double check the stuff they're sending out they just they just went through people's twenty eighteen income taxes whoever filed and sent everybody check doesn't matter they're not going to get on the computer well guess what hello you can always have somebody take a look for things that are wrong these stories about people look at you know seven million in their bank accounts you know and then ultimately the banks caught it but yeah you know when something's mailed yeah but you think they take more time with that because you know that's probably senior citizens well you think they would have somebody somewhere who's taking who's crossed referencing the deal that the printed check and making sure there's gonna be a program to do that but actually having deceased on the Jack yeah there's a little bizarre it is seven eleven time for traffic and weather together let's get you caught up on the drive once again Julie Darty has placed on a look a little bit better downtown on the Eastex but we still have the record cavalcade on the left side we do have emergency crews there to be very current healthcare policy isn't over to the right and your stolen user pass by already just be careful because people are out walking around and if you're trying to travel on I. ten the Katy freeway right now we're struggling as those gaps between the bumpers it's about an eight minute ride from Barker cypress in the beltway eight sixty nine of southwest coming in from the sugar land area grand parkway downtown about twenty five minutes I'm Judy hardy Michael Conforto dot com twenty four hour traffic center from R. K. T. R. H. top tax defenders twenty four hour weather similar to sunshine warm weather coming up but the ones that extend CC for any rain we're gonna have a quite a few nice days in a row here are we yes we ha ha yes we are I will be dry through Tuesday at this point maybe Tuesday night Wednesday the next chance to get some wet weather but what a beautiful day today and to me it's like that it's like winning the weather lottery we've got sunshine and comfortable temperatures and low humidity slowly we will see more humidity and more warmth but it's still quite pleasant through the weekend today temperatures in the upper seventy eight and there she goes we'll try again in the afternoon high of eighty six today Sunday partly cloudy eighty six tomorrow partly cloudy eighty eight on Sunday there you go there's your we cannot write a sixty three year official severe weather station newsradio seven forty KTRE all the news weather and traffic Alexa play K. T. R. H. an I heart radio dot com vision dependable performance are the three words and add up the value of American standard air American standard in Montrose for home comfort thank until then known number to where you live dot com this is Houston thank you doctor thank you this is family check out people all the people stock in our grocery stores and will get through this together and together we thank you Julie's in the closet there is in the bathtub yeah this work at home thing this really works out great in it seven fourteen here on the Houston's morning news like talking about my friends over there do you normally sing I have a D. N. M. police car and the first time I tried that wow this is great I don't have to go into a dealership I don't have to spend hours trying to get the get signed up for this stuff I could just tell them what kind of a car I'm looking for car truck what color would make what model you don't they do they get it for you bom any save a lot of money doing it now a lot of people are trying this now because with the pandemic it's bit blah more convenient that car dealers had a kind of adopt some of this modeling themselves I don't know if they're going to go back to normal now but this is the way D. N. M. is always done business yep you can get yourself a great deal you can data payments for up to ninety days you can save up to fifty percent on your monthly car payment they have that D. easy lease with easy least does is it gives you biolage forgiveness bumper to bumper warranty and like I said any make any model without you having to go in now if you just want test drive a car before you actually lease it they'll bring it.

Internal Revenue Service Czech army
"internal revenue service" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

02:25 min | 2 years ago

"internal revenue service" Discussed on Newsradio 700 WLW

"Money you make the longer it's going to take the Internal Revenue Service will start sending them out today end of the week according The Washington Post paper checks to taxpayers with individual incomes of ten thousand dollars or less go out April the twenty fourth today for those who make twenty thousand or less checks will be in the mail on may the first payments will continue in income increments of ten thousand dollars each week so it's kind of sounds like so another words thirty thousand dollars going out put like the seventh of may forty thousand dollars unless the next so the more you made tens of millions of Americans have already received checks but the get my payment portal where you can check on your payment status your payment type and enter your bank account information yeah I I had been going to check in on that it upto yesterday yet it always said no information available no information available yeah when ranger mentioned that I've pulled it up and indeed really big didn't been doing updates and it says we need more information so it I get I know I need love my twenty eighteen tax return because you have to have your I think it's adjusted gross income that you have to enter you have to enter if yo yeah do money or whatever yeah of course if you got money back you probably had direct positive you've you've probably already got your stimulus I I didn't get money back so I guess when I get home I have to go can a rummaging through an I don't know where the hell my tax returns are for the longest time I carried in my briefcase I had a special slot but when we go on the cruise hi I clean out all the paperwork out of my briefcase to lighten the load in I think I got a big stack of papers over in the corner from where I cleaned it out and somewhere in there I believe or my tax returns so okay so here's the I'm looking at the schedule.

Internal Revenue Service Washington Post
"internal revenue service" Discussed on C-SPAN Radio

C-SPAN Radio

04:27 min | 2 years ago

"internal revenue service" Discussed on C-SPAN Radio

"You're out there every adult is supposed to get one the Internal Revenue Service is in charge of sending out the checks so everybody was filed taxes will be on their list they are coordinating their list with the Social Security Administration a lot of people on social security do not file taxes there's also railroad retirement they're going to get that last on SSR it was due to disability and of the veterans disability we're trying to see if those list could be coordinated with the Internal Revenue Service so they could get there to get checks people who have not filed if you go on the Internal Revenue dot gov our website is or is not go they'll have information that changes every day they're not they're not totally caught up but there will be an opportunity for people to to fill out an online form to give information about who you are and where you live so that you can get your twelve hundred dollars that's not yeah that's not available mailbox social security recipients reciprocally haven't taken care of so they will be on the list and they'll be getting their church if you get your check by direct deposit will be deposited in your checking account thank you I have to compliment so wanted to get up real quick I appreciate that well you have been missing a project chance Roma questions about do you get this this be a I have to pay taxes every year so they don't have my checking account information but not social security the app is automatically deposited into my into my checking account there were three Internal Revenue website and it changes every day so you gotta check every day there should be an opportunity for you to fill out your information so that you can get your share drive files directly about direct deposit set it but it is right now where it stands although the disability if they have done that if you file taxes you would be on the list already so you shouldn't have any problems if you get if you contact us and get your refund or whatever by direct deposit your be okay if you file taxes if you have not found tractors you have to go on the internal revenue's website and no wait for them to published a a website form and then you can fill out the form and telemedicine the check great and unfortunately we only have time for two more questions so we're going to move quickly to Allen from Newport news Alan you're on with congressman Scott he's got a Virginia this town hall meeting took place last Tuesday I thank you all for allow me to answer this question now I get laid off from a company you know March sixth at five oh my unemployment and I got approved I got my money and I get my check today but somehow when we had the six hundred dollars started coming in from the from the federal government a would they go back to pay me the top those weeks I didn't receive it yes this is bill he you're referring to the federal pandemic unemployment compensation and that the six hundred dollars that will apply to regular unemployment which is what you're traveling you're receiving yeah I also applied to the pandemic unemployment assistance recipients and of course the third category that home Kerr right now but but you're receiving the right on a plan to make sure you got your first payment this was this last week or this week I got I get three tricks I get to last week and I got my one today okay so many the federal pandemic unemployment compensation as the extra six hundred dollars the first week and where's that money is payable is for the week ending April the fourth week we've just ended okay your check that you received for that we are your payment I should say that only covers the base you Y. amount beneficial six hundred dollars will be.

Internal Revenue Service
"internal revenue service" Discussed on WJR 760

WJR 760

01:49 min | 2 years ago

"internal revenue service" Discussed on WJR 760

"Internal Revenue Service warns of a new tax related scams cybercriminals via telephone claim to be able to suspend or cancel the victim social security number or say their taxes are overdue if taxpayers receive a robocall threatening anything related to taxes or social security they should just hang up if it's an email nor at iris that's authorized collection agencies will never call to demand immediate payment with a prepaid debit card iTunes gift card or wire transfer the IRS does not use these methods for tax payments the IRS never ask the taxpayer to make a payment to a person or organization other than the U. S. treasury nor does the agency threaten to immediately bring in local police or other law enforcement groups to have the citizen arrested for not paying taxpayers have gotten such threats report the details of the call to the treasury department inspector general or the Federal Trade Commission or by sending details of the phone call to fishing and IRS dot gov I'm in Kate's watch out for bogus tax preparers I'm in Kate's with the twenty twenty tax filing season underway the Internal Revenue Service has issued its annual warning about unethical ghost tax return preparers by law anyone who is paid to prepare tax forms let's have a valid identification number sign the return and include their PTIN but goes prepares me refused to sign the return and may promise a big refund or charge fees based on a percentage of the refined and may also require payments in cash and not provide a receipt and then income to a Ron Isley claim attacks credit or fake deductions or direct refunds into their own bank account the IRS offers tips to help consumers pick a tax return preparer wisely the choosing a tax professional page has information about tax preparer credentials and qualifications and the agency also has an online directory taxpayers should carefully check the refunded report abuse of tax preparers to the IRS and they're all life forms to fill out in case of suspected tax preparer.

Federal Trade Commission Kate Internal Revenue Service Ron Isley treasury department twenty twenty
"internal revenue service" Discussed on WJR 760

WJR 760

09:07 min | 2 years ago

"internal revenue service" Discussed on WJR 760

"Underway the Internal Revenue Service has issued its annual warning about unethical ghost tax return preparers by law anyone who is paid to prepare tax forms let's have a valid identification number sign the return and include their P. T. I. N. but goes prepares me refused to sign the return and may promise a big refund or charge fees based on a percentage of the refund and may also require payments in cash and not provide a receipt and then income to a run as like claim a tax credit or fake deductions or direct refunds into their own bank account the IRS offers tips to help consumers pick a tax return preparer wisely the choosing a tax professional page has information about tax preparer credentials and qualifications and the agency also has an online directory taxpayer should carefully checked the refunded report abuse of tax repairs to the IRS and they're all lined forms to fill out in case of suspected tax preparer fraud or misconduct I'm in Kate's one best financial this is America's wealth management show with dean barber welcome back to America's wealth management showing me does the barber long with but Casper in studio with this Joanne Huber CPA and I think that what happens is every Valentine's day that's the song that our kids play for heard because they're saying do you Love Me because the time of year where the whole thirty gets a chance to see Joanne some tree for that good so well if it's not true you should play that song for them until my said that help make him listen to the show but it's so we're talking about you know Valentine's day that diamonds are forever but planning is priceless and when it comes to planning Joanne we talk about tax planning an awful lot in all tax planning is not shouldn't be self centered because there are some definite things when it comes to tax planning a chapter understand that are of not for you but there for your spouse you're right and so often you know it's kind of that awkward conversation I have to have with couples because they come in and they think they're going to be married for ever you know they're gonna keep everything's going to be the same well we all know that that's not usually the case that one of them is going to be the server surviving spouse and what happens is the tax rates are about half the bracket size is about half of the single level as they are for married filing joint so that surviving spouse goes up to a higher tax bracket with with the same income right so they did much to lose one of the person's social security but everything else stays about the same price so they could be in a much higher tax bracket for putting more money to Uncle Sam every year as a surviving spouse at a time when one of the social security checks goes away so you got a plan for that right right because you're in a your cost of living doesn't change that much worth two people and so all of a sudden you have higher taxes less social security higher taxes hi how you know the world heading into that did this tax system rationalize that because it's so irrational when you think about it what's gonna enjoy it basically the answer to that yet I don't have the the somebody's not campaigning done that well it would be they're used to call it there was the marriage penalty right so right it was if you were married you paid more taxes than if you were single right at the at a certain level certain levels right and but now it almost feels like that's opposite especially when people are headed into retirement and the surviving spouse pass or this striving spouse loses so secure check has higher tax liabilities so all the sudden their net spendable money on a monthly basis has been greatly that asked yeah that's crazy you know what it really means is we might have a full on the financial planning here's what I mean by that if we say the spouse is going to live on eighty percent of what the what they had together it and now you're in a higher tax bracket maybe we better put it pump that up to ninety percent well of course are planning program using our got every time a system we say if a spouse passes then we the new tax rate adjusts right so if we want the net amount to be the same or the net amount to be ninety percent we can see what the probability is the problem is that we don't know when that individual may be a surviving spouse right but it's so important that we start the planning now because we know that that's going to happen at some point in the future right and typically it's going to be the female that survives statistically speaking and so we because ladies are stronger is that the deal yes order Hey there full once this get back to taxes instead you know we have to go through and say that's going to happen at some point and we need to start planning for it now so we're not wasting opportunities for the years that we have an especially right now with a low tax rates we need to be looking and saying should we be doing Roth conversion should we be spending out of the taxable accounts would be spending now the tax deferred account you know what should we be doing and then you know as sad situation that happens frequently is you know one of the spouses make it second and up in we're needing care thank you know going along the long term care facility right well that is a huge planning opportunity as you know sad is that is an emotional in any band it still gives us the opportunity to maybe have those high medical expenses that we can then use to offset rough conversions to get some of that tax deferred move over to leave that surviving spouse and a better situation financially no we can't bring the cells backer help mostly but we can help I know which tells you that that planning is forever active yeah you know reassessing reassessing that's why we meet with our clients every six months just to make sure they're on track with the plan what we knew we had that exact same scenario I think it was three years ago now Joanne where we had a one of our clients actually we had both daughters were clients and mom was a climb a mom was he she was celebrating hundreds birthday she just sing live just to be over one hundred years old before she passed away over the last three years she was in a long term care situation and during that three year period we took every single dollar that she had that was in a tax deferred situation removed it with zero taxes do because we were able to offset the income that that was coming out with the expenses of long term care so when she finally passed away the two daughters got all the inheritance totally tax free right but we made that plan years and years and years ago back when mom was in her eighties and most people would never even think of that you know of the offset that could be utilized to be able to secure a better future for their daughter her daughter's get out of bed when somebody has a spouse going to long term care facility there's so many concerns that you're dealing with and the last thing you want to think about is money because you're worried about how my gonna pay long term care my going to have enough to pay yet and you know if you're trying to take go back and forth and take care of being with them and taking care of your own name Joe Mason lantern out because you're worried about the prescription drugs are worried about the you know whether or not we need to have somebody in that a long term care facility is going to be there with the person all night long who who's there how often I mean it's it's it it totally change your life and if you haven't on the planning early you're missing it and then you still need to continue meeting with the planner now and saying okay this is my situation you know it's time because it keeps silent we're going to miss out on the ability to do these things and so it's important to have that relationship early so when you're going through this event for you need somebody to lean on you already have that relationship in place in every one of those is unique I mean there's a lot of commonality but everyone of those is unique well and when we begin our planning process using our guided retirement system it all begins with what we talked about earlier an honest conversation and then on this conversation really delves into what's important to you what's important to your spouse and what do you want your life to look like and we get into you know how's your health what's the family history like what's life expectancy like in in we get into some pretty deep discussions about you personally because if we understand that and then we understand the resources that you have to work with and then we can bring in the financial planning the tax planning risk management the state planning all of those things are combined in that guide every time a system to give you total clarity and then it just gets review like but said you know two three times a year updating everything and making sure that you're always on track look we want to give you a second opinion we want you to.

Internal Revenue Service
"internal revenue service" Discussed on WJR 760

WJR 760

01:36 min | 2 years ago

"internal revenue service" Discussed on WJR 760

"Tax code and industry filing practices as they attempt to obtain valuable data to commit cyber crimes according to SunTrust more than half of north American companies experience fraud or economic loss in the past twenty four months companies are being urged to protect their data and watch out for warning signs that could be indicators of identity theft or fraudulent filings plus tax software products now share many data elements with the IRS and state tax agencies allowing them to identify suspicious tax returns and reduce the impact legitimate filers experts recommend firms install anti malware and antivirus security on all computers routers and phones deploy a firewall protection for networks require strong passwords and encrypt sensitive information and educate employees to be aware of and not to respond to phishing emails I'm in Kate's the where tax scams I'm in case the Internal Revenue Service warns of a new tax related scam cyber criminals via telephone claim to be able to suspend or cancel the victim's social security number or say their taxes are overdue if taxpayers receive a robo call threatening anything related to taxes or social security they should just hang up if it's an email ignore it iris of it's authorized collection agencies will never called to demand immediate payment with the prepaid debit card iTunes gift card or wire transfer the IRS does not use these methods for tax payments the IRS never asks a taxpayer to make a payment to a person or organization other than the U. S. treasury nor does the agency threaten to immediately bring it local police or other law enforcement groups to have the citizen arrested for not paying taxpayers have gotten such threats report the details of the call to the.

SunTrust fraud Kate Internal Revenue Service
"internal revenue service" Discussed on KLBJ 590AM

KLBJ 590AM

04:20 min | 3 years ago

"internal revenue service" Discussed on KLBJ 590AM

"Of the House Ways and means committee requested that the Internal Revenue Service turn over six years of President Trump's personal and business taxes Slough on Sundays ABC this week President Trump's personal lawyer Jay seculow, here's what he had to say. If necessary we're not at that point yet. If it has to be litigated. It'll be litigated. He's ready to go to go to court and fight against this issue idea that you can use the IRS is a political weapon. Which is what's happening. Here is incorrect, both as a matter of statutory law, and constitutionally we should not be in a situation where individuals individual private tax returns are used for political purposes. If the Internal Revenue Service is willing to hand over Donald Trump's taxes to the press in the media and other politicians than they would be willing to turn yours over. Sure, they were the press. Yeah. I'm in who am I? And here's the other thing. The federal government already has Donald Trump's taxes. He falls taxes every year, the IRS if there was a problem they would have already gone after him. Don't you think? Well, just think how in I mean, basically what they're trying to do is continue weaponising the Internal Revenue Service. You know? I mean, it's just back and forth. So they got nothing with the molar report. So let's go through the taxes again because we internet think about that. That's just the first thing that came to mind, I guess they can't be more creative than that. Just think though, if for some reason, they did get his taxes, and there's absolutely nothing there. What absolute morons? They would look like I think the extent of what could be there is he may not be as rich as he claims to be maybe not. And that may be a little embarrassing speculation that he's not. So what here is Democrats congressman, Dan kitty, there's a real question, George as to whether the president's personal financial interest impact has public decision making the public has a right to know whether the president's interests are impacting the decisions that he makes using the authority that we have granted him by electing him as president. I know the other side of the issue Democrats are demanding that the IRS turn over the documents. And that is not going to happen. And they know it this is a political stunt. It's not going to happen that as White House chief of staff, Mick Mulvaney. The democrat party is infested with what we call Trump derangement syndrome. They still cannot accept the fact that he won the election, and they'll. Do anything they can to try neither undo that or prevent that from happening again, go back to the president's state of the union speech. He said, look really there's a choice here you can either choose to to to to work with me or fight against me. And it's clear what the Democrats have done. They have no interest. Here's Jim in central Austin. Good morning. Jim god. Hey, guys. I think he should release. The tax is royalty. What's the difference between him and every other president in the history of this country? Is he some kind of monarchy? Well, it's not law. He he does he doesn't have to. It has been tradition of previous presidents have released their taxes. Here's the thing. Here's the thing. Jim. Here's my personal opinion about this whole tax return. If there wasn't something inside of it to weaponize. Right. I agree. I would agree. There's nothing there. Right. You would think the Internal Revenue Service would come out and say, yeah, he's being on it, and we caught him doing this. But they haven't done that in the in in the decades that he's been following his taxes. Nothing's come up. There might be some more porn star stuff. You never know. Wasn't a dude. You don't claim porn stars on your taxes? He might you never know here's my. Here's my issue. Jim. Here's my thing. And you sound like a smart, man. Why are we so concerned about a millionaire who became a politician getting his taxes? We should be concerned about the politicians who became millionaires while in office. Those are the tax returns. I wanna see I agree with you wholeheartedly better yet, I want to see the taxes of those politicians than us money from that slush fund to pay off women that they may have abused is not a king. He is not a deity. He should be held at the same standard is every other president who has walked in an office job ago. I appreciate it cutting around. To get them to see me may paint or whatever porn star stuff in. There. Could be porn star stuff in up in there. Okay. Well, could be could be there might be. Billionaires.

President Trump Internal Revenue Service president Jim god Mick Mulvaney Jay seculow federal government George White House democrat party Austin congressman chief of staff Dan kitty six years