Here's how likely millionaires are to be audited by the IRS
Although IRS critics raise concerns about onerous enforcement, high-income earners have little to fear, group finds.
Although IRS critics raise concerns about onerous enforcement, high-income earners have little to fear, group finds.
The thousands of pages of documents released by congressional Democrats paint a more detailed picture of former president Donald Trump's finances over a six-year period, including his time in the Oval Office. Steven Rosenthal, a senior fellow at the Urban-Brookings Tax Policy Center, joins CBS News to break down what the documents tell us.
The House Ways and Means Committee has released six years of tax returns from former President Donald Trump. CBS News legal contributor Jessica Levinson spoke with Lana Zak about the potential legal ramifications for Trump, this family and his businesses based on the newly public information.
House Democrats released six years of former President Trump's tax returns on Friday, in the culmination of a long battle that went all the way to the U.S. Supreme Court. CBS News' Skyler Henry reports from Capitol Hill, then CBS News chief election and campaign correspondent Robert Costa joins anchor Lana Zak to discuss the impact.
Most online sellers will be spared from tracking and reporting side-hustle income on their taxes for at least another year.
For tax year 2021, the Bidens owed an additional $13. It could have been waived, the White House said, "but they chose to pay."
The House Ways and Means Committee is expected to release six years' worth of former President Donald Trump's tax returns, after voteing Tuesday night along party lines in favor of making the documents public. Bloomberg congressional and tax reporter Laura Davison joins CBS News to discuss.
Max out contributions to your 401k, prune investments and make sure you've paid enough to reduce headaches in April.
The Democratic-controlled House Ways and Means Committee is expected to vote Tuesday on whether to publicly release years of the former president's tax returns.
Many Americans should brace for smaller refunds next April, since several pandemic relief programs are set to expire. CBS MoneyWatch associate managing editor Aimee Picchi joins "CBS News Mornings" with the latest.
Under new IRS rule, anyone who earned more than $600 this year by selling things online or doing gig work could face tax hit.
The Internal Revenue Service has announced several adjustments to account for the impact of inflation. These include higher federal income tax brackets and standard deductions for the year 2023. CBS News MoneyWatch associate managing editor Aimee Picchi joins the show to break down these forthcoming changes and more.
Tax agency will forgo some late fees for people who were affected by health crisis, with average refund of $750.
Case of Robert Brockman shows it's "shockingly easy" to avoid foreign-reporting laws, report finds.
The IRS is reviewing the safety at its facilities across the U.S., in response to increasing threats toward workers. Tony Reardon, the president of the National Treasury Employees Union, joins "Red and Blue" to speaks about the dangers.
The Internal Revenue Service says it is conducting a comprehensive review of safety at its facilities.
Inflation Reduction Act's $80 billion in IRS funding would come as the risk of getting audited is at a decade-long low.
National Taxpayer Advocate says delays in processing tax returns is causing financial hardship for many Americans.
The IRS is boosting audits on higher earners, with the audit rate jumping fourfold on filers earning more than $10 million.
Millions of Americans file returns after the Tax Day deadline. If you're in that group, here's what determines how much you'll owe.
As the deadline to file taxes approaches, the IRS continues to deal with a massive backlog and staffing shortages. Debra Alfarone reports.
The IRS is still working through a massive backlog of last year's tax returns, which could delay refunds for some this year. Paper returns have put a strain on processors. Scott MacFarlane takes a look.
There are only a few days left to gather your paperwork to file your 2021 taxes ahead of the deadline Monday, April 18, 2022. Professor Dorothy A. Brown, a tax law expert and author of "The Whiteness of Wealth: How the Tax System Impoverishes Black Americans - and How We Can Fix It," joined Lana Zak to talk about taking some of the pain out of the process.
Depending on how much you earned last year, you may pay taxes at different rates. Here's how to find out where you fall.
A three-year window to claim the money is about to close. After that, the refunds become the property of U.S. Treasury.
The announcement escalates a divide within Israel's leadership.
Dali, the cargo ship that crashed into the Francis Scott Key Bridge in Baltimore before its collapse, is set to be refloated Monday after weeks of salvage efforts requiring the use of giant floating cranes and explosives.
The former New York mayor was served after his 80th birthday celebration as he was walking to the car, a political adviser said.
Most of the more than 35,000 workers at Disneyland Resort in Anaheim, home of the company's first theme park, already have unions.
Alice Stewart was also a veteran political adviser who worked on a number of GOP presidential campaigns.
The sponsorships do not violate the WNBA's salary cap because the Las Vegas authority did not orchestrate it with the club.
Seize the Grey crossed the finish line first in the Preakness Stakes on Saturday, ending Mystik Dan's Triple Crown bid.
From his fashion studio on the Welsh coast, Imtayaz Qassim creates some of the most distinctive outfits worn by the world's most famous boxers
It comes just two days after the Houthis shot down another U.S. military MQ-9 Reaper drone.
Most of the more than 35,000 workers at Disneyland Resort in Anaheim, home of the company's first theme park, already have unions.
Susann Sills' body was found at the bottom of the staircase of her family's San Clemente, California home. What led up to her death?
Alice Stewart was also a veteran political adviser who worked on a number of GOP presidential campaigns.
The former New York mayor was served after his 80th birthday celebration as he was walking to the car, a political adviser said.
The sponsorships do not violate the WNBA's salary cap because the Las Vegas authority did not orchestrate it with the club.
Samsung piles on with its on ad after Apple apologizes for a spot that it acknowledged "missed the mark."
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.
Some owners of the electric vehicle will be eligible for compensation of up to $1,400 because of a battery problem that caused fires.
TikTok is allowing select users to upload longer-form videos as the social media app looks to compete with YouTube.
Employees of the German luxury car maker reject membership in the United Auto Workers after a contentious campaign.
Alice Stewart was also a veteran political adviser who worked on a number of GOP presidential campaigns.
The former New York mayor was served after his 80th birthday celebration as he was walking to the car, a political adviser said.
It comes just two days after the Houthis shot down another U.S. military MQ-9 Reaper drone.
IRS whistleblowers Gary Shapley and Joseph Ziegler are also asking to intervene in the case, arguing the IRS has a conflict of interest in the matter.
Police released what they say was a suicide note left by Boeing whistleblower John Barnett.
Health authorities are watching for signs the virus might be starting to accelerate again after a springtime lull in COVID rates.
North Carolina Republicans are pushing forward with their plan to repeal a pandemic-era law, citing crime and recent campus protests.
Hypochlorous acid is the latest skin care ingredient making waves on social media for acne prevention — but is it true? We asked dermatologists.
Private-label food supplier recalls 32-ounce pouches of Great Value Organic Black Chia Seeds because of potential contamination.
A new study finds hospitals with a higher share of women surgeons and and anesthetists shave better patient outcomes.
It comes just two days after the Houthis shot down another U.S. military MQ-9 Reaper drone.
The announcement escalates a divide within Israel's leadership.
According to local media, the violence began last week following a clash between Kyrgyz people and foreigners in Bishkek, Kyrgyzstan.
French police are hunting for armed robbers who hit a jewelry store on one of Paris' poshest streets.
The latest disaster came on the heels of devastating floods that killed at least 70 people in April.
Most of the more than 35,000 workers at Disneyland Resort in Anaheim, home of the company's first theme park, already have unions.
A return visit to Saturday Sessions from The Avett Brothers. The Grammy nominees just released their first album in five years. From their self-titled collection, "The Avett Brothers" here is "Forever Now".
A return visit to Saturday Sessions from The Avett Brothers. The Grammy nominees just released their first album in five years. From their self-titled collection, "The Avett Brothers" here is "Country Kid".
A return visit to Saturday Sessions from The Avett Brothers. The Grammy nominees just released their first album in five years. From their self-titled collection, "The Avett Brothers" here is "Orion's Belt".
Comedian Paul Scheer shares stories from a new memoir "Joyful Recollections of Trauma."
Eight TikTok influencers have filed a lawsuit against the U.S. government in an effort to block enactment of a law passed and signed last month that requires TikTok be sold by China-based owner Byte Dance by January, or face a possible nationwide ban. Scott MacFarlane has more.
Samsung piles on with its on ad after Apple apologizes for a spot that it acknowledged "missed the mark."
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
TikTok is allowing select users to upload longer-form videos as the social media app looks to compete with YouTube.
The 100% Chinese EV tariffs are meant to head off economic risks, but some Democrats say Chinese EVs should be banned entirely for security reasons.
The 40-mile-long river branch, which ran by the Giza pyramid complex, was hidden under desert and farmland for millennia, scientists said.
A new study suggests that the first warm-blooded dinosaurs may have roamed Earth about 180 million years ago.
Extreme heat is known as a "silent killer," and in some areas across Asia, its intensity would have been impossible without one critical factor, a new study found.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
Scientists who study such things have found that cicadas urinate in a jet stream because they consume an incredible volume of fluid during their brief time above ground.
Susann Sills' body was found at the bottom of the staircase of her family's San Clemente, California home. What led up to her death?
Columbus Deputy Chief Gregory Bodker told reporters that officers arrived to find a "very chaotic scene."
Disturbing video obtained by CNN appears to show Sean "Diddy" Combs pushing, kicking and dragging his then-girlfriend Cassandra Ventura in a hotel hallway in 2016. Elise Preston reports.
David DePape, the man convicted of attacking former House Speaker Nancy Pelosi's husband with a hammer inside their San Francisco home in 2022, was sentenced to 30 years in prison on Friday. CBS News congressional correspondent Scott MacFarlane has the details.
Police said Gary Allen Srery might also be linked to other unsolved murders and sexual assaults in Western Canada.
Ongoing work to resolve a persistent helium leak has pushed the first piloted Starliner flight back at least four more days, to May 25.
The large explosion of energy and light from the sun comes just days after Earth was slammed with the biggest geomagnetic storm in more than 20 years.
WASP-193b is 50% larger than Jupiter — the largest planet in our solar system — but seven times less massive because of it's extraordinarily low density.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
The oxygen valve that derailed a launch try last week has been replaced, but engineers want more time to verify an unrelated helium leak has been fixed.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
The wife of a fertility doctor is found dead at the bottom of a staircase. Did her dogs play a role in her death or was the scene staged to cover a murder? "48 Hours" correspondent Tracy Smith reports.
San Francisco's famed Fisherman's Wharf is seeing an unusually large number sea lions that local officials say is the largest herd of the sea mammals the area has seen in 15 years. The massive herd is snacking on an overabundance of anchovies. Kenny Choi explains.
Eight TikTok influencers have filed a lawsuit against the U.S. government in an effort to block enactment of a law passed and signed last month that requires TikTok be sold by China-based owner Byte Dance by January, or face a possible nationwide ban. Scott MacFarlane has more.
Workers at two Mercedes Benz plants in Alabama this week voted against joining the United Auto Workers union. The movement to unionize saw opposition, not just from the company, but also Republican Alabama Gov. Kay Ivey. Michael George has more.
The violence across the devastated Palestinian territory is widening, with the northern Jabalia refugee camp seeing some of its fiercest fighting in months between Israeli forces and Hamas militants. The Israeli military said Saturday it has recovered the remains of a fourth hostage, this after the bodies of three hostages were recovered on Friday. Imtiaz Tyab has more from Tel Aviv.