BREAKING NEWS
Von Ormy tax preparer sentenced to 2 years in prison for filing false tax returns, DOJ says
Read full article: Von Ormy tax preparer sentenced to 2 years in prison for filing false tax returns, DOJ saysA Von Ormy woman was sentenced to two years in prison for knowingly submitting false tax returns for clients, the Department of Justice said in a news release.
This Midwestern city has long been a federal hub. The pain from DOGE’s cuts is everywhere
Read full article: This Midwestern city has long been a federal hub. The pain from DOGE’s cuts is everywhereThe Kansas City, Missouri, metropolitan area has long been a regional hub for the federal government, and the pain from the Trump administration's cuts can be seen everywhere.
IRS whistleblower on Hunter Biden is out as acting commissioner just days after getting the job
Read full article: IRS whistleblower on Hunter Biden is out as acting commissioner just days after getting the jobAn IRS agent who testified publicly about investigations into Hunter Biden's taxes and was promoted to be acting IRS commissioner is out of the job just days after he got it.
IRS agent who investigated Hunter Biden expected to be named IRS acting chief
Read full article: IRS agent who investigated Hunter Biden expected to be named IRS acting chiefAn IRS whistleblower who testified publicly about investigations into Hunter Biden’s taxes is expected to be promoted to IRS acting commissioner, two sources familiar with the plan tell The Associated Press.
Getting the IRS on the phone is more difficult this tax filing season, experts say
Read full article: Getting the IRS on the phone is more difficult this tax filing season, experts sayTaxpayers calling the IRS for help processing their taxes this filing season may find it harder than normal to get someone on the phone.
IRS plans to cut up to 25% of staff, starting with closing its civil rights office, AP sources say
Read full article: IRS plans to cut up to 25% of staff, starting with closing its civil rights office, AP sources sayThe IRS plans to cut as many as 20,000 staffers as part of layoffs that began Friday.
The number of Americans filing for jobless benefits falls as labor market remains sturdy
Read full article: The number of Americans filing for jobless benefits falls as labor market remains sturdyApplications for U.S. jobless benefits fell last week as the labor market remains sturdy ahead of an expected purge of federal government employees.
IRS workers involved in 2025 tax season can't take buyout until after the taxpayer filing deadline
Read full article: IRS workers involved in 2025 tax season can't take buyout until after the taxpayer filing deadlineIRS employees involved in the 2025 tax season will not be allowed to accept a buyout offer from the Trump administration until after the taxpayer filing deadline.
Elon Musk creates confusion about IRS' Direct File — but the free tax program is still available
Read full article: Elon Musk creates confusion about IRS' Direct File — but the free tax program is still availableBillionaire tech mogul Elon Musk posted on his social media site that he has “deleted” 18F, a government agency that worked on technology projects such as the IRS's Direct File program.
Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump's tax cuts
Read full article: Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump's tax cutsThe U.S. Senate has confirmed billionaire investor Scott Bessent as President Donald Trump’s treasury secretary.
A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?
Read full article: A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks.
Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers
Read full article: Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgersThe 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.
KSAT Money: How to prepare your finances before a natural disaster
Read full article: KSAT Money: How to prepare your finances before a natural disasterFinancial readiness is critical before any potential natural disaster to protect your hard-earned money, important documents and possessions. Here are some tips to help get you started.
Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower
Read full article: Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago towerA 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
Read full article: IRS acts to address wide disparity in audit rates between Black taxpayers and other filersThe 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
Read full article: How freelancers can prepare for changing tax requirementsIf you’re 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.
UIW offers free tax help through Volunteer Income Tax Assistance program
Read full article: UIW offers free tax help through Volunteer Income Tax Assistance programThe H-E-B School of Business and Administration at the University of the Incarnate Word is offering free tax preparation service through the Volunteer Income Tax Assistance program or VITA.
Janet Yellen is heading to Mexico after Treasury launches a new fentanyl trafficking strike force
Read full article: Janet Yellen is heading to Mexico after Treasury launches a new fentanyl trafficking strike forceTreasury 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'
Read full article: 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
Read full article: Democrats accuse tax prep firms of undermining new IRS effort on electronic free file tax returnsCongressional Democrats are accusing big tax preparation firms including Intuit and H&R Block of undermining the federal government’s upcoming electronic free file tax return system.
House Republicans subpoena IRS and FBI agents involved in Hunter Biden case
Read full article: House Republicans subpoena IRS and FBI agents involved in Hunter Biden caseHouse Republicans have subpoenaed several FBI and IRS agents involved in the federal investigation into Joe Biden’s son Hunter Biden.
IRS whistleblowers air claims to Congress about 'slow-walking' of the Hunter Biden case
Read full article: IRS whistleblowers air claims to Congress about 'slow-walking' of the Hunter Biden caseHouse Republicans are raising unsubstantiated allegations against President Joe Biden over his family’s finances.
3 tax prep firms shared 'extraordinarily sensitive' data about taxpayers with Meta, lawmakers say
Read full article: 3 tax prep firms shared 'extraordinarily sensitive' data about taxpayers with Meta, lawmakers saySome congressional Democrats say three large tax preparation firms sent “extraordinarily sensitive” 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
Read full article: GOP releases testimony of whistleblowers claiming interference in Hunter Biden caseHouse Republicans have released testimony from two IRS whistleblowers who allege that the Justice Department interfered with their yearslong investigation into President Joe Biden’s son, Hunter.
IRS agent alleges Hunter Biden probe is being mishandled
Read full article: IRS agent alleges Hunter Biden probe is being mishandledAn IRS special agent is seeking whistleblower protection to disclose information regarding what the agent contends is mishandling of an investigation into President Joe Biden’s son, Hunter Biden.
New push on US-run free electronic tax-filing system for all
Read full article: New push on US-run free electronic tax-filing system for allIt’s that time of year when throngs of taxpayers are buckling down to file their income tax returns before Tuesday’s 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
Read full article: New IRS leader promises faster, easier tax filing processThe Internal Revenue Service’s new commissioner promises that with billions in new funding, the agency will be faster, more service-focused and tech- savvy and will provide “real-world improvements” to taxpayers.
2 San Antonio residents charged in sophisticated stolen identity tax refund fraud scheme seeking $111 million from IRS
Read full article: 2 San Antonio residents charged in sophisticated stolen identity tax refund fraud scheme seeking $111 million from IRSA man and a woman from San Antonio are among seven people charged in a conspiracy to claim $111 million in hundreds of fraudulent tax refunds by using the stolen identities of accountants and taxpayers, federal officials said.
IRS to open San Antonio Taxpayer Assistance Center on Saturday
Read full article: IRS to open San Antonio Taxpayer Assistance Center on SaturdayIf you have an income tax issue that needs to be resolved, the Internal Revenue Service is opening its San Antonio Taxpayer Assistance Center on Saturday to provide assistance.
School districts face millions in extra costs as Texas program that backs bond debt hits its limit
Read full article: School districts face millions in extra costs as Texas program that backs bond debt hits its limitWithout the state’s safety net, districts with pending bond projects must now decide whether to pay more in interest or halt construction.
Volunteer Income Tax Assistance programs offers free help at San Antonio-area sites
Read full article: Volunteer Income Tax Assistance programs offers free help at San Antonio-area sitesIf IRS forms, tax jargon, and number-crunching make your head spin, there may be help available through the Volunteer Income Tax Assistance Program.
EXPLAINER: What's the debate over releasing Trump's taxes?
Read full article: 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 Trump’s tax returns, there's the potential of additional revelations in the coming days related to the finances of the longtime businessman.
A Texas program that backs school districts’ bond debt is about to reach its limit — and it could mean raising taxes
Read full article: A Texas program that backs school districts’ bond debt is about to reach its limit — and it could mean raising taxesUnder the state’s Permanent School Fund’s Bond Guarantee Program, schools get the best interest rate on bonds. That soon may be over if the federal government doesn’t act.
Man, wife sentenced after stealing over $1M in restaurant investment fraud scheme, officials say
Read full article: Man, wife sentenced after stealing over $1M in restaurant investment fraud scheme, officials sayA San Antonio couple was federally sentenced to prison for failing to report their income to the IRS and scheming to defraud business investors of over a million dollars, according to the Department of Justice.
Yellen tells IRS to develop modernization plan in 6 months
Read full article: Yellen tells IRS to develop modernization plan in 6 monthsTreasury 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.
IRS unit gets no funds to enforce sanctions on rich Russians
Read full article: IRS unit gets no funds to enforce sanctions on rich RussiansThe 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?
Read full article: Quiz: How much do you know about income tax?You likely know what “income” means, and of course you’re 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?
Traded cryptocurrency in 2021? Here's how to approach taxes
Read full article: Traded cryptocurrency in 2021? Here's how to approach taxesAlternative 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 IRS’ rules for reporting on taxable events.
Feds launch website for claiming part 2 of child tax credit
Read full article: Feds launch website for claiming part 2 of child tax creditThe 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 year’s pandemic relief bill claim the second half of the payment they were due.
Tax season is here: Tips to get your refund processed quicker, without any delays
Read full article: Tax season is here: Tips to get your refund processed quicker, without any delaysThis season, the IRS will begin accepting returns on January 24. That's about two and a half weeks before last year's start date.
Here’s what you need to know during tax season if you received monthly child tax credit payments in 2021
Read full article: Here’s what you need to know during tax season if you received monthly child tax credit payments in 2021Here’s what you need to know during tax season if you received monthly child tax credit payments in 2021
Giving Tuesday: How these 4 tax break changes for 2021 can enhance contributions
Read full article: Giving Tuesday: How these 4 tax break changes for 2021 can enhance contributionsFor 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.
Advance child tax credit payments from IRS might not be available for parents of kids who were born in 2021
Read full article: Advance child tax credit payments from IRS might not be available for parents of kids who were born in 2021Another round of child tax credit payments from the Internal Revenue Service is set to hit accounts of qualifying families on Monday but for people who had a baby in 2021, there might not be any advance payments at all.
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Senator: Bipartisan infrastructure bill loses IRS provision
Read full article: Senator: Bipartisan infrastructure bill loses IRS provisionA 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.
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VP Kamala Harris touts forthcoming child tax credit to families, additional payment
Read full article: VP Kamala Harris touts forthcoming child tax credit to families, additional paymentVice President Kamala Harris is visiting a child care center to highlight the Biden administration’s efforts to expand child care and relieve the financial pressures of parenthood.
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Leak of billionaires' tax data draws GOP outcry over privacy
Read full article: Leak of billionaires' tax data draws GOP outcry over privacyRepublicans 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.
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TRUST INDEX: When is Tax Day? Viral meme, IRS extensions confuse taxpayers
Read full article: TRUST INDEX: When is Tax Day? Viral meme, IRS extensions confuse taxpayersThe meme, posted in 2018, not only gets the deadline wrong for the year it was posted, but it recently went viral, leading many on social media to believe the meme refers to this year’s tax returns.
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New IRS imposter scam targets college students, staff members, FTC warns
Read full article: New IRS imposter scam targets college students, staff members, FTC warnsA new scam targeting college educators and students is hitting inboxes and tricking recipients into giving up their personal information.
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Need some extra time to file your taxes? You got it
Read full article: Need some extra time to file your taxes? You got itThe Internal Revenue Service says it’s delaying the traditional tax filing deadline from April 15 until May 17. The new deadline does not apply to estimated tax payments that are due on April 15; those remain due by that day. The pandemic hit in the middle of last year’s tax filing season, setting the agency back in terms of processing. A number of lawmakers and professionals from the tax community have urged the tax filing season be extended to accommodate for these pressures. Rettig is expected to speak to the committee tomorrow about how the IRS is managing this filing season and the need for this extension.

Taxes: Answers to top FAQs about Social Security income
Read full article: Taxes: Answers to top FAQs about Social Security incomeEven for those of us who think we have some knowledge about anything tax related, it can be a stressful time. And it's certainly not a time when you want to play a guessing game.
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Before you file taxes online, here’s how to do it securely
Read full article: Before you file taxes online, here’s how to do it securelySAN ANTONIO – Like most Americans, Matthew Starcez is filing his tax return online. “We’ve been doing our taxes online for the last seven years,” he said. Even if someone steals your password, multi-factor or two-factor authentication could still stop them from getting into your account. But before you even file, security experts say it’s a good idea to make sure your sensitive online financial accounts and router are secure with strong passwords. It’s also available for Mac and Windows computers, but you may need to enable it in the security settings.
How do I file taxes if I’m working remotely in another state that’s not my residence?
Read full article: How do I file taxes if I’m working remotely in another state that’s not my residence?A common aspect of the COVID-19 pandemic over the past two or so years has been more employees working remotely, but that doesn’t necessarily mean all those people were working from their homes.