🔊 In an interview with @Reuters, Treasury Secretary Janet Yellen said there are a range of options when it comes to dealing with frozen Russian assets ...
reut.rs/3UjyheM
Reuters NEXT Newsmaker with Janet Yellen, US Secretary of the Treasury, to discuss the crisis in the Middle East, lingering inflation pressures and the state ...
reut.rs/4b9JlCc
How investment firms shield the ultrawealthy from the IRS - ICIJ: An ICIJ investigation examining hundreds of leaked tax forms offers a glimpse into the huge ...
icij.org/inside-icij/2024/04/how-investment-firms-shield-the-ultra-wealthy-from-the-irs/
Quick Glance: How Investment Firms Shield the Ultrawealthy from Tax Authorities
- In 2015, the U.S. Department of Treasury hired economist Owen Zidar to help government officials examine the growing use of complex company structures and trusts by the ultrawealthy. These new investment schemes, often referred to as 'large partnerships,' are pervasive in private equity funds and similar investment firms.
- Following years of budget cuts, it was evident to Owen Zidar, now a professor of economics at Princeton University, that the IRS was not effectively enforcing tax laws for the ultrarich.
- With a significant infusion of funding, the IRS is now making efforts to penetrate these opaque bastions of wealth. An investigation by ICIJ sheds light on the challenges faced by the tax authority in untangling the secretive structures of the ultrawealthy.
- Partnerships play a crucial role in U.S. tax law and have become a focal point for large fortunes, contributing to a poorly understood aspect of growing economic inequality. Despite additional funding for the IRS, addressing large partnerships remains a formidable task.
🔊 ‘I wouldn't take anything off the table.’ Listen to @SecYellen on how the US is handling China's overcapacity on the Reuters World News podcast
reut.rs/3Qm0EHY
How investment firms shield the ultrawealthy from the IRS - ICIJ: An ICIJ investigation examining hundreds of leaked tax forms offers a glimpse into the huge ...
icij.org/inside-icij/2024/04/how-investment-firms-shield-the-ultra-wealthy-from-the-irs/
Quick Glance: How Investment Firms Shield the Ultrawealthy from the IRS
- Investment firms create opaque structures for the ultrawealthy.
- The IRS seeks to penetrate the opaque structures of the top 1%.
- The IRS struggles with opaque regulations and lack of information.
- Experts emphasize the need for professionals and transparency in the IRS.
Yellen Says US Can Bring Inflation Down Without Hurting Jobs: Treasury Secretary Janet Yellen said US inflation can come down without requiring a weakening in ...
bloomberg.com/news/articles/2024-04-25/yellen-says-us-can-bring-inflation-down-without-hurting-jobs
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US Tax Refunds Decline 3.3% This Year in Run-Up to Deadline: Fewer US taxpayers have received a refund this year in the run-up to tax day compared to 2023 ...
bloomberg.com/news/articles/2024-04-15/us-tax-refunds-decline-3-3-this-year-in-run-up-to-deadline
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🔊 What you need to know today:
-US Supreme Court divided on Trump immunity case
-Harvey Weinstein’s 2020 rape conviction reversed
-Yellen: range of options for ... Show more
Reuters World News: Weinstein, Trump partial immunity, Spanish PM’s weekend off and Yellen’s options | Reuters
Reuters World News: Weinstein, Trump partial immunity, Spanish PM’s weekend off and Yellen’s options | Reuters
Quick Glance: Harvey Weinstein’s 2020 Rape Conviction Overturned
- New York's highest court overturned Harvey Weinstein's 2020 rape conviction, disappointing those who celebrated historic gains during the #MeToo era.
- The ruling was based on legal technicalities and did not exonerate Weinstein's behavior, according to #MeToo advocates.
- Weinstein, convicted in Los Angeles for another rape, will face retrial in New York, despite remaining in prison.
- The court criticized the admission of uncharged sexual acts as evidence, deeming it an abuse of judicial discretion.
Yellen Says Nothing Off Table in Response to China Overcapacity: Treasury Secretary Janet Yellen said the US wouldn’t take “anything off the table” in response ...
bloomberg.com/news/articles/2024-04-14/yellen-says-nothing-off-table-in-response-to-china-overcapacity
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US Set to Ring Alarm Bells Over Chinese Industry on World Stage: US Treasury Secretary Janet Yellen warned China’s leaders that the nation’s manufacturing power ...
bloomberg.com/news/articles/2024-04-12/us-set-to-ring-alarm-bells-over-chinese-industry-on-world-stage
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Telegram Messaging Service to Allow Tether Stablecoin Payments: Tether, the issuer of the world’s most used stablecoin, has teamed up with TON Foundation to ...
bloomberg.com/news/articles/2024-04-19/telegram-messaging-service-to-allow-tether-stablecoin-payments
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U.S., China to Cooperate in the Fight Against Dirty Money: The U.S. and Chinese governments have started working together to fight money laundering in their ...
wsj.com/articles/u-s-china-to-cooperate-in-the-fight-against-dirty-money-1edb9a25
Quick Glance: U.S., China Collaborate Against Money Laundering
- The U.S. and Chinese governments are working together to combat money laundering in their financial systems.
- A new agreement allows officials from both countries to meet regularly and share information on enforcement actions.
- The goal is to close financial system loopholes by sharing best practices.
- The agreement was established during the visit of U.S. Treasury Secretary Janet Yellen to China.
U.S. targets ultranationalist Israeli minister confidant in new round of sanctions
axios.com/2024/04/19/us-third-round-sanctions-settlers-occupied-west-bank
IRS Phone Number: How to Contact the IRS With Your Tax Questions: If you're still working on your taxes and need help, you can call the IRS ...
cnet.com/personal-finance/taxes/irs-phone-number-how-to-contact-the-irs-with-your-tax-questions/
Some Americans filed free with IRS Direct File pilot in 2024, but not everyone's a fan
usatoday.com/story/money/personalfinance/2024/04/26/irs-direct-file-pilot-2024-140000-filers/73469588007/
🔊 Spanish prime minister weighs stepping down as his wife faces a corruption probe. Listen to @Simmoa on the Reuters World News podcast as she explains the ... Show more
Reuters World News: Weinstein, Trump partial immunity, Spanish PM’s weekend off and Yellen’s options | Reuters
Reuters World News: Weinstein, Trump partial immunity, Spanish PM’s weekend off and Yellen’s options | Reuters
U.S. sanctions fundraisers for extremist West Bank settlers who attacked Palestinians
pbs.org/newshour/politics/u-s-sanctions-fundraisers-for-extremist-west-bank-settlers-who-attacked-palestinians
Economic advisers close to Donald Trump are actively debating ways to devalue the U.S. dollar if he gets elected to a second term ... Show more
Trump trade advisers plot dollar devaluation - POLITICO
Trump trade advisers plot dollar devaluation - POLITICO
New I Bond rates won't be tantalizing but they could be decent: Inflation has cooled from a recent peak of 9.1% in June 2022. I Bond rates have pulled back, too ...
freep.com/story/money/personal-finance/susan-tompor/2024/04/24/inflation-is-hot-but-not-enough-to-drive-i-bonds-to-sky-high-returns/73414755007/
New bill would force IRS to explain tax return errors: A newly proposed change to the tax code would require greater specificity from the IRS when it comes to ...
thehill.com/business/4602429-new-bill-would-force-irs-to-explain-tax-return-errors/
IRS Updates Millions of Taxpayers After Tax Day: Additional funding from the Inflation Reduction Act has improved some IRS services, the government agency has ...
newsweek.com/irs-updates-millions-taxpayers-tax-day-1890720
Yellen warns of more sanctions in response to Iran's increasing activity: “Treasury will not hesitate to work with our allies to use our sanctions authority ...
pbs.org/newshour/economy/yellen-warns-of-more-sanctions-in-response-to-irans-increasing-activity
Quick Glance: Yellen warns of further sanctions in response to Iran's increasing activities
- Treasury Secretary Janet Yellen warned of potential global economic damage from rising tensions in the Middle East and pledged that the U.S. and its allies won't hesitate to use their sanctions powers to address Iran's 'malign and destabilizing activity' in the region.
- The fast-rising tensions between Iran and Israel and the potential implications of escalation on the global economy are at the forefront of the spring meetings of the International Monetary Fund and World Bank.
- Yellen announced additional sanctions actions against Iran in the coming days and expressed support for liquidating roughly $300 billion in frozen Russian Central Bank assets for Ukraine's reconstruction.
- Another major focus of this year's meetings will be Chinese industrial policy, which Yellen believes poses a threat to U.S. jobs and the global economy. She plans to meet with Chinese counterparts to identify potential areas of cooperation and address concerns.
IRS targets 'ghost employers': The Internal Revenue Service's criminal investigators have been on the lookout for tax evasion by businesses that don't pay ...
accountingtoday.com/news/irs-targets-ghost-employers
As money moves digital, Denver Mint still coins a pretty penny: At Denver’s Mint, the legacy of money and its future are on display. In an era of online payments ...
csmonitor.com/USA/2024/0415/money-digital-denver-mint-coins-crypto
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US sanctions target Hamas spokesperson, drone program leaders: The United States on Friday issued sanctions aimed at a Hamas spokesperson and leaders of the ...
reuters.com/world/middle-east/us-sanctions-target-hamas-spokesperson-drone-program-leaders-2024-04-12/
Here's How Much Mark Cuban Is 'Proud' to Pay in Taxes This Year — And What To Do If You're Still Scrambling to File Your Tax Return
entrepreneur.com/business-news/mark-cuban-proud-to-pay-hundreds-of-millions-in-taxes/472697
Speaking on tax day, Rep. Marjorie Taylor Greene said that everyone is having to pay the IRS "to fund a government that doesn’t care about fixing the ... Show more
Senator Warren slams Intuit's 'junk fees' as America's Tax Day rolls around again
theregister.com/2024/04/15/warren_intuit_tax/
Move Over, TurboTax? IRS Considers Expanding Free Tax-Filing Program: The Direct File website processed more than 140,000 returns, exceeding a goal announced in ...
wsj.com/personal-finance/taxes/irs-considers-expanding-free-tax-filing-program-8f68cc9a
‘The 401(k) industry owns Congress’: How lawmakers quietly passed a $300 billion windfall to the wealthy
politico.com/news/2024/04/13/how-your-401k-ate-the-federal-budget-00150319
Compact Fluorescent Bulbs to Be Phased Out Under New Biden Rule: Compact fluorescent light bulbs — once considered corkscrew-shaped emblems of the clean-energy ...
bloomberg.com/news/articles/2024-04-12/new-biden-rule-means-lights-out-for-compact-fluorescent-bulbs
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What about China’s overcapacity?: China says its industries are simply more competitive
reut.rs/3Jez5fP
IRS Phone Number: Get All Your Tax Questions Answered: If you filed an extension and you're just getting started on your taxes, the IRS can help but you might ...
cnet.com/personal-finance/taxes/irs-phone-number-get-all-your-tax-questions-answered/
Thousands Are Eligible for Tax Refunds From 2020: The I.R.S. estimates that 940,000 people who didn’t file their returns for that year are due back money ...
nytimes.com/2024/04/19/your-money/tax-filing-refunds-2020.html
Monday was the last day to file your taxes, and if it seems like you didn’t get a refund like you used to, you’re not alone.
In fact, it’s a growing trend ... Show more
A tax mystery: Why are fewer people getting refunds? - POLITICO
A tax mystery: Why are fewer people getting refunds? - POLITICO
IRS Warns Small Businesses of COVID Tax Credit Scam: The IRS is warning small businesses about scams to apply for COVID-19 tax credits for which they are not ...
smallbiztrends.com/irs-warns-small-businesses-of-covid-tax-credit-scam/
When to Worry if Your Tax Refund Is Delayed: Here are some reasons your tax refund may be delayed this year – and tips for what you can do if yours is late.
money.usnews.com/money/personal-finance/taxes/articles/when-to-worry-if-your-tax-refund-is-delayed
Reselling Tickets for Taylor Swift's Tour and Other Popular Events Can Mean Big Money. The IRS Is Aware
cnet.com/personal-finance/taxes/reselling-tickets-for-taylor-swifts-tour-and-other-popular-events-can-mean-big-money-the-irs-is-aware/
How to file your tax returns: 6 things you should know this year: For something that's legally required, taxes can be confusing. This guide covers the latest ...
npr.org/2023/02/22/1158816222/how-to-prepare-for-tax-season
Quick Glance: Gender Pay Gap in UK Supermarkets and Income Impact
- UK supermarkets are closing gender pay gap, with Morrisons experiencing a rise.
- Ocado and Lidl show the most improvements, while Morrisons has the largest gap.
- Hourly pay differences are reported by government service.
- Equality initiatives and workplace improvements at M&S and Co-op.
Massachusetts IRS agent charged with filing false tax returns for 3 years: Ndeye Amy Thioub, 67, was charged with filing false tax returns and filing false tax ...
usatoday.com/story/news/nation/2024/04/17/massachusetts-irs-agent-charged-tax-fraud/73363438007/
Scoop: Treasury wants "sharper scalpel" to dissect foreign investment into the U.S.
axios.com/2024/04/11/cfius-foreign-investment-treasury-review
Regulators probe Morgan Stanley's vetting process for wealthy clients: One client includes a Russian-linked billionaire who was sanctioned by the UK ...
businessinsider.com/morgan-stanley-sec-probe-wealth-management-billionaire-russia-2024-4
Some H&R Block customers faced hours of outages on Tax Day: Some H&R Block customers who waited until the last minute to file their taxes faced frustrating ...
cnn.com/2024/04/15/business/h-r-block-outages-tax-day/
Biden’s polite Trumpism on China: Communication matters precisely because the structural problem between the pair is probably insoluble
ft.com/content/da53d88b-1630-4b59-a2c6-11a848fb8d05
Krispy Kreme rolls out sweet tax break deal for customers on Tax Day: Krispy Kreme announced Friday that customers can purchase an Original Glazed or Assorted ...
foxbusiness.com/lifestyle/krispy-kreme-rolls-out-sweet-tax-break-deal-for-customers-tax-day
More than half a billion dollars of taxpayer money has paid for other people’s EVs
charlotteobserver.com/news/business/article287702470.html
Why Billionaire Mark Cuban Just Wired $276 Million To The IRS: The billionaire revealed his latest eye-popping IRS bill. But bear in mind, 2023 wasn’t a typical ...
forbes.com/sites/jemimamcevoy/2024/04/15/why-billionaire-mark-cuban-just-wired-280-million-to-the-irs/
Treasury wants to boost foreign investment review powers, as Congress dissects Nippon, TikTok deals
apnews.com/article/foreign-investment-nippon-us-steel-209e2f423db824e325787a390d03f6f1
IRS Updates Help for Low Income Taxpayers: The IRS has started accepting applications from Low Income Taxpayer Clinics for the year 2025.
newsweek.com/irs-updates-help-low-income-taxpayers-1893578
Breast implants, pets, private jets: some of the oddest tax deductions the IRS has granted
usatoday.com/story/money/taxes/2024/02/20/strange-tax-deductions-irs-allows/72631417007/
9 Red Flags That Could Trigger a Tax Audit: Learn how to protect yourself from audit red flags – and strengthen your case if you do hear from the IRS.
money.usnews.com/money/personal-finance/slideshows/9-red-flags-that-could-trigger-a-tax-audit
The president’s salary is well above the average American’s. But is it enough to drive up his net worth? Here's How Much Joe Biden Is Worth In 2024
These 12 States Can Now File Taxes Directly With the IRS: Direct File is the IRS free tax preparation software program, which is now in its pilot phase.
money.usnews.com/money/personal-finance/taxes/articles/these-12-states-can-now-file-taxes-directly-with-the-irs
How likely are you to get audited by the IRS? : The chance of getting audited by the IRS is small for most people, but the risk is still higher for some ...
theweek.com/personal-finance/irs-audit-risk
How to Get Free Help With Your Taxes: From federal programs to local resources, here's where to get free help with your taxes.
money.usnews.com/money/personal-finance/taxes/articles/how-to-find-tax-help-for-free
Feds charge Iranian nationals for cyberattacks against US government: The Department of Justice has charged four Iranian nationals for allegedly carrying out a ...
theverge.com/2024/4/24/24139160/doj-iranian-nationals-cyberattack-charge
Is There Mail on Tax Day? USPS, UPS, FedEx Hours Today: Taxes are due on April 15 this year, and for those who don't file electronically, the mail must serve.
newsweek.com/there-mail-tax-day-usps-ups-fedex-hours-today-1889944
Janet Yellen: The internet is obsessed with what she eats in China: Ever since she ate mushrooms that can have psychedelic effects in Beijing last July ...
apnews.com/article/yellen-china-us-food-beijing-f4cd5106eb5458ed390d903266e4eb35
Quick Glance: China and U.S. to Engage in Intensive Talks on Economic Balance
- US Treasury Secretary Janet Yellen announced intensive talks with China to address America's competitive disadvantages.
- Both sides will engage in intensive discussions on balanced economic growth and initiate exchanges on combating money laundering.
- Yellen emphasized the importance of addressing American concerns regarding overcapacity in Chinese production.
- The meetings will be held under existing economic and financial working group frameworks to address balanced growth and money laundering.
Judge Forces Families to Pay Money on Tax Credit: Arizona's Attorney General Kris Mayes hoped to get the rebate, which was worth up to $750 ...
newsweek.com/judge-forces-federal-taxes-arizona-family-rebate-1889394
Biden Tries Executive Action to Fulfill Campaign Promises: This is Washington Edition, the newsletter about money, power and politics in the nation’s capital ...
bloomberg.com/news/newsletters/2024-04-12/biden-tries-executive-action-to-fulfill-campaign-promises
S&P 500 Index (SPX) Sees Worst Week Since October Amid Geopolitical Tensions: Just weeks ago, it all felt so easy. Jerome Powell was poised to kick off the great ...
bloomberg.com/news/articles/2024-04-12/risk-addicted-wall-street-funds-are-shaken-as-bad-news-piles-up
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IRS Commissioner Werfel talks about Direct File, audits and IRS budget: The agency’s leader says it has identified the problems with its algorithm that have led ...
washingtonpost.com/business/2024/04/12/irs-commissioner-werfel-michelle-singletary-interview/
Broward woman accused of making $500,000 in false tax returns, spending it on plastic surgery, home renovations
sun-sentinel.com/2024/04/13/broward-woman-accused-of-making-500000-in-false-tax-returns-spending-it-on-plastic-surgery-home-renovations/
Bloomberg Evening Briefing: A Bad Day for Big Banks on Wall Street: Get caught up.
bloomberg.com/news/newsletters/2024-04-12/bloomberg-evening-briefing-a-bad-day-for-big-banks-on-wall-street
What Biden's new student loan forgiveness plan means for your taxes: President Joe Biden on Monday unveiled a new student loan forgiveness plan ...
cnbc.com/2024/04/09/what-bidens-new-student-loan-forgiveness-plan-means-for-your-taxes.html
Quick Glance: Biden Seeks Student Debt Relief
- The Biden administration unveils plans to erase student debt for millions of Americans to fulfill a 2020 presidential promise.
- The proposed new program aims to provide targeted relief to specific groups of borrowers, including long-term debt holders and those in financial distress.
- Over 25 million borrowers are set to benefit from up to $20,000 in interest cancellation, with automatic relief planned for eligible borrowers.
- In addition to these reliefs, long-term borrowers and those experiencing financial hardships will also receive assistance, with the debt relief process expected to take some time.
Biden’s China tariff threats are more bark than bite, economists say: Trump imposed a series of tariffs on China in 2018, many of which Biden has upheld ...
cnbc.com/2024/04/11/bidens-china-tariff-threats-are-more-bark-than-bite-economists-say.html
Walgreens Boots Alliance Gets Bill for $2.7 Billion From the IRS After Tax Audit: Walgreens Boots Alliance was audited $2.7 billion by the IRS this tax season ...
entrepreneur.com/business-news/walgreens-audited-for-billions-by-the-irs/472219
When rogue brokers switch a person's ACA health insurance, tax surprises can follow
npr.org/sections/health-shots/2024/04/15/1244820008/tax-irs-health-insurance-aca-obamacare
Bogus 'tax service specialists' duped business owners in latest Covid relief debacle, IRS says
nbcnews.com/news/investigations/bogus-tax-service-specialists-duped-business-owners-latest-covid-relie-rcna147183
IRS Warns Taxpayers Who May Have to Pay 'Surprise' Fees: Americans often are forced to pay "surprise fees" when their tax refund from the year before was too ...
newsweek.com/irs-warns-taxpayers-who-may-have-pay-surprise-fees-1891492
Quick Glance: Taxpayers Beware: Avoid 'Surprise' Fees
- Taxpayers may face 'surprise fees' if their tax refund from the previous year was too high.
- The IRS warned today that taxpayers could face a harsh hit to their wallets if they do not use the IRS Tax Withholding Estimator.
- The IRS recommends reviewing the withholding estimator annually, especially after significant life events.
- Not withholding the right amount from your income could become a growing issue as the IRS has increased many tax brackets and deductions by over 5 percent.
What Happens if You Don’t File Your Taxes by April 15: Missing the deadline can be costly—even for taxpayers who get an extension from the IRS.
wsj.com/personal-finance/taxes/tax-day-2024-extensions-refunds-irs-d12ada6d
Janet Yellen says she won't rule out possible tariffs on China's green exports: Treasury Secretary Janet Yellen said Monday that she would not rule out any ...
cnbc.com/2024/04/08/yellen-says-she-wont-rule-out-possible-tariffs-on-chinas-green-exports.html
With the tax deadline looming, the more than 40 million U.S. residents who speak Spanish at home are finally getting some help from the IRS and TurboTax. How TurboTax Is Using AI To Demystify Taxes For Spanish Speakers
US expects to hit Iran with new sanctions ‘in the coming days’ — Yellen: Yellen said Iran’s oil exports “remain in focus as a possible area” ...
saudigazette.com.sa/article/642145
🇺🇸The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has announced a ban on the import of aluminum, copper ... Show more
EU's von der Leyen echoes Yellen's calls for tough stance on Chinese overcapacity
cnbc.com/2024/04/09/eus-von-der-leyen-echoes-yellens-calls-for-tough-stance-on-chinese-overcapacity.html
Fight Forces IRS Office To Close Days Before Tax Deadline: An office in Houston was closed after a fight broke out between two people waiting for in-person ...
newsweek.com/fight-forces-irs-office-close-days-before-tax-deadline-1890127
Tax Day 2024: A Procrastinator’s Guide To Deadlines, Extensions And Last-Minute Filing
go.forbes.com/c/23vY
US Treasury Seeks More Sanctions Powers Against Crypto Exchanges: The US Treasury Department is asking politicians for more enforcement powers to use against ...
bloomberg.com/news/articles/2024-04-09/us-treasury-seeks-more-sanctions-powers-against-crypto-exchanges
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