ORLANDO, Fla. (CW44 News At 10) – U.S. District Judge Wendy W. Berger today sentenced Joseph Amaya to 12 months in federal prison for aiding and assisting in the preparation of false tax returns. The court also ordered Amaya to pay more than $1.6 million in restitution to the Internal Revenue Service. Amaya had pleaded […]
kate_sept2004 | E+ | Getty Images If you haven’t gotten your 2020 tax refund, you are in good company. At the end of the 2021 filing season in May, the IRS had a backlog of 35 million tax returns that still needed to be manually processed, according to a report released Wednesday by the National […]
KNOXVILLE, Tenn. (WATE) — The Volunteer Tax Assistance program or “VITA” helps those with low to moderate incomes navigate the tax system. VITA offers tax help free to the disabled, the elderly, and limited English speakers. But due to the pandemic, VITA volunteers won’t be able to see as many people as they have in […]
Here’s What You Need to Remember: TurboTax also recommended, “loss harvesting,” where you sell investments such as stocks and mutual funds to realize losses. You can then use those losses to offset any taxable gains you have realized during the year. Time is running out to file your 2020 federal tax return. This year, the deadline […]
Filling Up Tax Form and Using Calculator and Laptop getty Machine learning makes tax filing obsolete. It’s only a matter of time. How long? Five years – maybe less — or maybe more. But it’s not a technology problem – algorithms can easily prepare and file your taxes. No, it’s a policy problem, and we all know how that works. An […]
April is the fourth month of the year. It is known for April Fool’s Day and the old saying that April showers bring May flowers. April 15 was also the day in 1912 that the mighty RMS Titanic sank in the North Atlantic. For American workers April 15 is also the day by which federal […]
Princess Bride impatience via Giphy.com Aside from having to fill out a tax return, the most annoying thing for most people each year is waiting for their tax refunds. The complaint is continually atop the list of taxpayer complaints. The frustration of waiting for the Internal Revenue Service to deliver their tax cash probably is why so many […]
Millions of Americans are expecting a tax refund. Many will use it on things like bills, debt and other essentials. If you don’t have any pressing financial matters to pay for at the moment, you may look at investing it in your future. PennyGem’s Johana Restrepo has more.