INSIDER
Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers
The IRS has collected $1.3 billion from high-wealth tax dodgers since last fall, the agency says, crediting spending that has ramped up collection enforcement through President Joe Biden's signature climate, health care and tax package signed into law in 2022.
Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower
A report by The New York Times and ProPublica says former President Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper.
IRS acts to address wide disparity in audit rates between Black taxpayers and other filers
The IRS says it's taken steps to address a wide disparity in audit rates between Black taxpayers and others filers.
How freelancers can prepare for changing tax requirements
If youโre a freelancer or gig worker who receives payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change for the 2024 tax year.
State to start mailing big checks to low income working residents in Michigan
As poverty-fighting tools go, the Earned Income Tax Credit earns bi-partisan support because it provides sizable cash injections to low-income Michigan residents (particularly those with children) working for a living.
Janet Yellen is heading to Mexico after Treasury launches a new fentanyl trafficking strike force
Treasury Secretary Janet Yellen is heading to Mexico this week, a trip announced shortly after her agency created a new strike force to help combat illicit fentanyl trafficking.
Treasury's Yellen calls Republican effort to cut IRS funding for Israel 'damaging and irresponsible'
The IRS commissioner says for the agency to keep building on its customer service and enforcement priorities it needs a reliable funding stream.
Democrats accuse tax prep firms of undermining new IRS effort on electronic free file tax returns
Congressional Democrats are accusing big tax preparation firms including Intuit and H&R Block of undermining the federal governmentโs upcoming electronic free file tax return system.
House Republicans subpoena IRS and FBI agents involved in Hunter Biden case
House Republicans have subpoenaed several FBI and IRS agents involved in the federal investigation into Joe Bidenโs son Hunter Biden.
IRS whistleblowers air claims to Congress about 'slow-walking' of the Hunter Biden case
House Republicans are raising unsubstantiated allegations against President Joe Biden over his familyโs finances.
3 tax prep firms shared 'extraordinarily sensitive' data about taxpayers with Meta, lawmakers say
Some congressional Democrats say three large tax preparation firms sent โextraordinarily sensitiveโ information on tens of millions of taxpayers to Facebook parent company Meta over at least two years.
GOP releases testimony of whistleblowers claiming interference in Hunter Biden case
House Republicans have released testimony from two IRS whistleblowers who allege that the Justice Department interfered with their yearslong investigation into President Joe Bidenโs son, Hunter.
Feds demand sale of media mogulโs Bloomfield Hills mansion
A Bloomfield Hills mansion could soon be the property of the feds, who claim the owner owes millions in unpaid taxes. The homeowner is a familiar name for anyone involved in Metro Detroit media.
IRS agent alleges Hunter Biden probe is being mishandled
An IRS special agent is seeking whistleblower protection to disclose information regarding what the agent contends is mishandling of an investigation into President Joe Bidenโs son, Hunter Biden.
New push on US-run free electronic tax-filing system for all
Itโs that time of year when throngs of taxpayers are buckling down to file their income tax returns before Tuesdayโs filing deadline, and many often pay to use software from private companies such as Intuit and H&R Block.
New IRS leader promises faster, easier tax filing process
The Internal Revenue Serviceโs new commissioner promises that with billions in new funding, the agency will be faster, more service-focused and tech- savvy and will provide โreal-world improvementsโ to taxpayers.
Youโve filed your taxes -- now, what should you do with those documents?
If youโve finally gotten your taxes filed, youโre probably ready to put it all away and move on. Have you considered which documents you should keep? And for how long?
5 things you should know if youโre filing taxes for the first time
If you grew up watching your parents get stressed around tax season, then you're probably not looking forward to filing yourself for the first time.
Metro Detroit law firmsโ privacy battle against the IRS heads to US Supreme Court
A tax battle is going to the United States Supreme Court as a Metro Detroit law firm called it a fight over the right to privacy, and they're taking on the IRS.
You can file your federal taxes online for free if you made $73K or less
If your adjusted gross income (AGI) was $73,000 or less, you can use one of the Free File IRS partner offers to file a free federal tax return. Some of the programs offer free state returns too.
Tax dispute over incentive program has Troy volunteer firefighters fighting for their benefits
Becoming a volunteer firefighter has gotten a little harder in the city of Troy after the IRS officially ruled the incentive program for the department is not an actual length of service award plan. Itโs been an ongoing tax dispute for several years now.
EXPLAINER: What's the debate over releasing Trump's taxes?
Now that the Democratic-controlled House Ways and Means Committee has voted to release former President Donald Trumpโs tax returns, there's the potential of additional revelations in the coming days related to the finances of the longtime businessman.
IRS, Better Business Bureau issue warning as holiday charity scams rise across Metro Detroit
Fake charitable organizations are working to rip you off this holiday season, which is why the Detroit IRS investigators and the Better Business Bureau have issued a new warning.
Oakland County attorney found not guilty after client accused him of stealing $6.5 million
A tax attorney from Oakland County who was accused of wiring $6.5 million of his clientโs money to a Swiss bank account has been found not guilty of all charges.
Truck driver from Allen Park accused of setting fires during travels across the country
The feds say a truck driver from Allen Park who drove all across the country set fires along the way, causing millions of dollars of damage in an attempt for revenge.
IRS gets $15M to find out if it can create online tax return system so Americans can file for free
The Inflation Reduction Act provides $15 million for the IRS to study how it could create a program that allows Americans to file their taxes for free.
Yellen tells IRS to develop modernization plan in 6 months
Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will modernize its technology, customer service and hiring.
Oakland County attorney took $6.5M from client, told her he used it to settle IRS issue, feds say
A tax attorney from Oakland County was hired by a business owner to help her settle an IRS investigation, but he convinced her she owed $6.5 million more than she actually did so he could put that money in his own Swiss bank account, federal officials said.
Prosecutors open investigation into whether Kwame Kilpatrick is paying $1.7 he owes Detroit, IRS
Former Detroit Mayor Kwame Kilpatrickโs name is back on a federal court docket after prosecutors opened an investigation into whether heโs been paying the nearly $2 million he owes to the city and the IRS.
5 situations in which pets can be used for tax breaks
For those animal lovers who spend so much money on their pets and hope to recoup some of that cash spent when tax season arrives, this is the cold, hard reality: For the most part, you canโt.
IRS unit gets no funds to enforce sanctions on rich Russians
The IRS criminal investigation arm tasked with tracking down sanctioned Russian oligarchs' property failed to receive an infusion of money in the Ukraine aid package.
Quiz: How much do you know about income tax?
You likely know what โincomeโ means, and of course youโre aware of federal and state taxes, and the fact that we have to do them (or have them prepared for us, in some cases), every year. But how much do you know about income tax overall?
9+ deductions you should be making if you are self-employed
Whether youโre new to owning your own business or a seasoned vet, taxes can be so stressful. Itโs easy to overlook things or simply forget an item here and there.
Dearborn husband, wife declare false bankruptcy, evade taxes, wrongly receive food stamps, feds say
A Dearborn husband and wife have been charged by federal officials for declaring a false bankruptcy, wrongly receiving food stamps and evading taxes, authorities said.
Traded cryptocurrency in 2021? Here's how to approach taxes
Alternative finance has captured the attention of investors across the U.S. As the 2022 tax season approaches, traders who are new to cryptocurrency taxation will have to contend with the IRSโ rules for reporting on taxable events.
Feds launch website for claiming part 2 of child tax credit
The White House and Treasury Department launched a revamped Child Tax Credit website meant to help people who were eligible for the expanded tax credit under last yearโs pandemic relief bill claim the second half of the payment they were due.
Giving Tuesday: How these 4 tax break changes for 2021 can enhance contributions
For those who plan on donating to a charitable organization for Giving Tuesday, there could be some opportunities to receive money back when filing taxes next year.
Sunday Read: IRS issues tax year 2022 annual inflation adjustments: What to know
The Internal Revenue Service announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.
IRS issues tax year 2022 annual inflation adjustments: What to know
The Internal Revenue Service announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.
Senator: Bipartisan infrastructure bill loses IRS provision
A Republican senator who helped negotiate a nearly trillion-dollar bipartisan infrastructure bill says a proposal to strengthen IRS enforcement to raise money to help pay for the bill's spending is officially off the table.
Nightside Report July 9, 2021: Road rage on the rise in Metro Detroit, Detroit couple desperate for help with major flood damage
Here are tonight's top stories
Beware of scammers trying to take child tax credit payments
The first child tax credit payments go out next week, and experts are already warning that along with the money comes the threat of scam artists trying to take it.
Harris touts child care funding and payments to families
Vice President Kamala Harris is visiting a child care center to highlight the Biden administrationโs efforts to expand child care and relieve the financial pressures of parenthood.
Leak of billionaires' tax data draws GOP outcry over privacy
Republicans in Congress are alarmed by the leak of confidential IRS data to ProPublica that has enabled the investigative news organization to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times.