IRS Tax Filing Deadline To Be Pushed Back To May 17
The postponement of the deadline will allow taxpayers and tax preparers extra time to work through the ongoing tax issues resulting from the COVID pandemic.
Watch CBS News
The postponement of the deadline will allow taxpayers and tax preparers extra time to work through the ongoing tax issues resulting from the COVID pandemic.
Owning a home in New York, New Jersey and Connecticut could once again mean substantial tax breaks if a new push to eliminate the $10,000 SALT cap on federal tax returns is successful.
After the IRS sent millions of stimulus payments to the wrong bank accounts, tax preparation companies said they've worked with the IRS to fix the error.
The first batch of stimulus checks — or "economic impact payments," as they are officially known — started hitting consumers' bank accounts on Saturday, the Internal Revenue Service has told CBS News.
It is estimated Americans lost nearly $670 million to scams last year.
The Internal Revenue Service has issued a ruling in a case that could cost Long Island homeowners thousands of dollars in additional federal taxes.
With the Presidents Day holiday weekend coming, it might be a good time to prep for tax day.
CBS2 spoke to the owner's daughter Tuesday who said they had a payment plan in place with the IRS.
Some Long Island homeowners have made a plea to the Internal Revenue Service after receiving grants to make environmental improvements to their backyard cesspools.
Many tax payers are getting sticker shock, with returns drastically cut and some people even owing the government for the first time.
Americans like Melissa Velez filed for the government's standard deduction – which is now a $12,000 credit for taxpayers - and her return was nearly cut in half.
John Lieberman, a certified public accountant from Perelson and Weiner, says the IRS has its work cut out for them this spring.
In Ramsey, the average property tax bill is around $12,500. Residents will now have to pay taxes on the additional $2,500 that's over the cap.
New rules unveiled by the IRS undermine some states' attempts to help residents keep a version of a popular federal income tax deduction.
The middle class may take the hardest hit from the $10,000 federal cap on state and local tax deductions.
The new tax deadline is now midnight Wednesday.
Right now the Direct Pay section of the Internal Revenue Service's web site is not working.
Find out what people in your area are excited about and scared about this tax season.
If you're getting a refund this year, what should you do with it? And how should you prepare for next year?
Navigating the necessary IRS steps in order to be successful in filing taxes as a small business owner can be tricky.
The IRS offers excellent resources so small business owners can go straight to the tax source for tax information of any kind.
WCBS 880's Kelly Waldron reports that last year alone more than 10,000 victims paid more than $55.5 million to scam artists.
Even if you haven't filed your taxes yet, your refund may already be spent. It could happen if you become a target of the refund ripoff.
It's a phishing expedition looking for employee W-2 forms, showing up at businesses and nonprofits nationwide.
With so many online pharmacies, ordering prescription medication over the internet has become a common practice.
