How to avoid getting ripped off by your tax preparer
A government watchdog warns that tax pros might not do a better job than you can — and some are straight-up fraudsters.
A government watchdog warns that tax pros might not do a better job than you can — and some are straight-up fraudsters.
The answer depends on what type of an employee you were last year, according to Julia Glum, a news editor at Money.
Tax experts and the IRS itself have warned about smaller refund checks this year due to expiring pandemic aid.
The Internal Revenue Service says it will not be collecting federal taxes against payments issued in several states last year to offset inflation. But, certain requirements are being imposed in some states. Rebecca Walser, president of Walser Wealth Management, joins CBS News' Lilia Luciano and Lana Zak to answer questions about the tax confusion.
The tax agency had previously asked taxpayers in those states to hold off on filing their returns until the issue was resolved.
Tax agency said it is trying to determine whether tax rebates, issued in many states last year, count as income.
The IRS is urging millions of Americans to hold off on filing their tax returns. The agency said it needs to figure out whether special payments sent to taxpayers in multiple states last year, including California, will be subject to federal taxes.
Monday marked the official start of tax filing season. CBS News reporter Sarah Ewall-Wice joins Lilia Luciano and Lana Zak to outline tips for taxpayers that are being promoted by the Internal Revenue Service.
Americans can now file their tax returns for 2022. CBS MoneyWatch reporter Irina Ivanova joined "CBS News Mornings" to explain what's changed with this tax season and when people can expect to receive their refunds.
Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
Nation's tax collector says it has improved telephone service from last year, when just 1 in 10 calls were answered.
The tax agency said it just finished sending the refunds to workers who paid tax on unemployment benefits that they didn't owe.
Although IRS critics raise concerns about onerous enforcement, high-income earners have little to fear, group finds.
After a years-long legal battle between former President Donald Trump and Congress, on Friday House Democrats released six years' worth of Trump's tax returns, just days before Republicans take control of the House. CBS News Congressional Correspondent Scott MacFarlane reports some of the revelations, from how little taxes he paid, to the lack of an audit, as was expected by the IRS.
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.
A House committee released years of former President Donald Trump's tax returns Friday. Forensic analyst Bruce Dubinksy says that while the thousands of pages of information will take days to comb through, so far he's seeing no major red flags -- but there are questions about certain parts of his finances, and it's clear Mr. Trump took advantage of legal tax loopholes.
The House Ways and Means Committee has released six years' worth of tax returns for former President Donald Trump and a number of his businesses after a long legal fight. CBS News congressional correspondent Scott MacFarlane joins us with the latest on the release and Trump's reaction.
CBS News legal contributor Rebecca Roiphe joined Debra Alfarone with a glimpse into former President Donald Trump's tax returns as a House panel prepares to make his tax records public.
Delay tactics caused tensions between the IRS and Trump's counsel, mirroring strife in recent Trump court cases.
Mazars USA worked for Trump for decades until February of this year, when it cut ties with the former president and his company.
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 on Tuesday voted along party lines to publicly release portions from six years of former President Donald Trump's tax returns. Watch committee Democrats discuss the vote.
The department will be joined by several state attorneys general in its antitrust lawsuit against Ticketmaster parent company Live Nation.
The bill is likely to fail for a second time, but Democrats will try to use Republicans' resistance to shift the narrative on border security in their favor.
A strong wind gust toppled the stage at a campaign rally for a longshot Mexican presidential candidate, killing at least nine and injuring dozens, officials said.
A Thai hospital treating people injured by turbulence on the Singapore Airlines flight from London says 20 remain in intensive care.
Taiwan puts forces on alert, accuses China of an "irrational provocation" with its latest war games, and vows not to "shy away" from any threat.
The grizzly bit into the 35-year-old man's can of bear repellent and was hit with a burst of it, causing the animal to flee.
The former presidential candidate said she will vote for former President Donald Trump in November.
Climber Phunjo Lama reached the top of Everest, the world's tallest peak, in just 14 hours and 31 minutes – a feat that typically takes people days.
Charlie Colin, a founding member and former bassist of the band Train, died at 58, his sister confirmed to CBS News.
The grizzly bit into the 35-year-old man's can of bear repellent and was hit with a burst of it, causing the animal to flee.
The bill is likely to fail for a second time, but Democrats will try to use Republicans' resistance to shift the narrative on border security in their favor.
NASA managers have ordered additional reviews of a small helium leak in Boeing's Starliner spacecraft to make sure it can be safely launched as is.
The Justice Department will be joined by several state attorneys general in its antitrust lawsuit against Ticketmaster parent company Live Nation.
Trump's attorneys and aide Walt Nauta sparred with prosecutors during hearing in case involving Trump's handling of classified records.
The European Union fined Mondelez, the U.S. confectioner behind major brands including Oreo, 337.5 million euros ($366 million) for restricting sales of products within the 27-country bloc.
The Justice Department will be joined by several state attorneys general in its antitrust lawsuit against Ticketmaster parent company Live Nation.
The postal service has allegedly fired mail carriers in at least seven states after they reported getting hurt while on the job.
Remote work helped drive an additional $375 billion in online spending last year, report shows.
Other athletes being turned into Barbie include Canadian soccer player Christine Sinclair and French boxer Estelle Mossely.
The bill is likely to fail for a second time, but Democrats will try to use Republicans' resistance to shift the narrative on border security in their favor.
A strong wind gust toppled the stage at a campaign rally for a longshot Mexican presidential candidate, killing at least nine and injuring dozens, officials said.
The Justice Department will be joined by several state attorneys general in its antitrust lawsuit against Ticketmaster parent company Live Nation.
Trump's attorneys and aide Walt Nauta sparred with prosecutors during hearing in case involving Trump's handling of classified records.
Hunter Biden's California tax fraud trial was originally scheduled to take place in June.
Singer and actor Nick Jonas says these three things help him take care of his mental health as part of his Type 1 diabetes management.
A Michigan farmworker has been diagnosed with bird flu after being in contact with cows presumed to be infected, state health officials announced in a statement Wednesday.
A firefighting foam known as AFFF contains PFAS, also known as "forever chemicals," that have been linked to cancer.
Actor Taye Diggs is opening about a mental health condition that has affected his younger sister Christian: schizophrenia, which impacts how a person thinks, feels and behaves.
Vital Pursuit will include whole-grain bowls, protein pasta, sandwich melts and gluten-free options.
Taiwan puts forces on alert, accuses China of an "irrational provocation" with its latest war games, and vows not to "shy away" from any threat.
A Thai hospital treating people injured by turbulence on the Singapore Airlines flight from London says 20 remain in intensive care.
Climber Phunjo Lama reached the top of Everest, the world's tallest peak, in just 14 hours and 31 minutes – a feat that typically takes people days.
A strong wind gust toppled the stage at a campaign rally for a longshot Mexican presidential candidate, killing at least nine and injuring dozens, officials said.
A death and multiple injuries aboard a Singapore Airlines flight have drawn attention to the dangers turbulence can pose.
Charlie Colin, a founding member and former bassist of the band Train, died at 58, his sister confirmed to CBS News.
Jeremy Renner is returning to "Mayor of Kingstown" after taking some time to recover after a near-fatal snowplow accident last year.
Lenny Kravitz tells "CBS Mornings" co-host Gayle King about times he still feels like a "16-year-old kid trying to get the record deal."
Actor Jeremy Renner joins "CBS Mornings" to talk about his return to the hit show "Mayor of Kingstown" following a snowplow accident that nearly took his life. Renner stars as Mike McLusky in the Paramount+ crime drama, which follows a family of power brokers working to bring order and justice to a town dependent on the prison system.
Commuters in a London train station are being surprised with performances from some of the biggest names in music. It all started with the donation of a piano from Elton John, who wanted to spread a little joy to people passing through. "CBS Mornings" sent cameras to St. Pancras International station in London to find out what the hype is all about.
Nebraska sued social media giant TikTok and its parent company ByteDance, claiming the platform targets minors with "addictive design" and alleging it's "fueling a youth mental health crisis."
The FCC is introducing a proposal to require political advertisers to disclose when they use Ai-generated content in broadcast TV and radio ads.
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.
Target is slashing prices on more than 5,000 items by this summer. Prices for household items like milk, bagels, diapers and even pet food are dropping, but there are concerns the move could hurt small businesses struggling to compete with larger chains. Columbia's retail studies director Mark Cohen joins to discuss.
Actress Scarlett Johansson demanded that OpenAI stop using an AI-generated voice that she says sounds like her own and was developed without her permission. Intellectual property attorney Joseph Lawyer joins to break down the dispute.
Shining galaxies, a purple and orange star nursery and a spiral galaxy are among the new images.
New research indicates the sun's magnetic field originates much closer to the surface than previously thought, a finding that could help predict extreme solar storms.
The National Oceanic and Atmospheric Administration released new 2024 weather outlooks for the summer. CBS News Chicago meteorologist David Yeomans breaks down how the predictions may be connected to climate change.
The Environmental Protection Agency is urging water systems to take immediate actions to protect the nation's drinking water from cyberattacks. CBS News homeland security and justice reporter Nicole Sganga joins to discuss.
The 40-mile-long river branch, which ran by the Giza pyramid complex, was hidden under desert and farmland for millennia, scientists said.
The Drug Enforcement Administration says it seized over 79 million fake pills containing fentanyl in 2023, a more than 33% increase from the year before. To combat the crisis, officials are cracking down on drug traffickers by targeting online retailers selling pill presses. CBS News homeland security and justice reporter Nicole Sganga explains.
The family members of Uvalde school shooting victims announced Wednesday a $2 million settlement with the Texas city. Law enforcement agencies who responded to the 2022 mass shooting at Robb Elementary School have come under scrutiny for their actions during the attack. Josh Koskoff, a lawyer representing the victims' families, spoke at a press conference.
The son of a wealthy businessman in India, accused of killing 2 people in a Porsche, was initially told he'd be bailed if he wrote a short essay and spent some time with local police.
A gunman killed at least two people and wounded several others Wednesday morning in Chester, Pennsylvania, a city outside Philadelphia. CBS News Philadelphia reported from the scene and interviewed District Attorney Jack Stollsteimer.
A suspect is in custody after five people were shot, two fatally, in a workplace shooting today at Delaware County Linen in Chester, Pennsylvania, the DA said.
Shining galaxies, a purple and orange star nursery and a spiral galaxy are among the new images.
NASA managers have ordered additional reviews of a small helium leak in Boeing's Starliner spacecraft to make sure it can be safely launched as is.
May's full moon will peak on Thursday morning, but the Flower Moon already appears full.
New research indicates the sun's magnetic field originates much closer to the surface than previously thought, a finding that could help predict extreme solar storms.
NASA ruled out a planned Saturday launch of Boeing's Starliner to allow more time for analysis of a small, but persistent helium leak in the ship's propulsion system.
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?
GPS Renewables co-founders Mainak Chakraborty and Sreekrishna Sankar are innovatively using technology to convert waste into bioenergy
SunGrid Solutions spearheads the energy transition with best-in-class energy storage systems. CEO Jody Snodgrass highlights the innovative leadership team and their unmatched EPC integration process for efficient and bankable renewable energy.
Millionaire Forrest Fenn hid a gold-filled chest somewhere in the Rockies and wrote a poem with cryptic clues. Tens of thousands searched for it and five people died trying. A story of obsession. "CBS This Morning" co-host Tony Dokoupil reports for "48 Hours" Saturday, May 25, 2024, at 10/9c on CBS and Paramount+.
Chinese President Xi Jinping and Russian President Vladimir Putin stood side by side last week declaring the strength of their partnership while condemning what they called a "destructive and hostile" U.S. Anne Applebaum, staff writer at The Atlantic, joins CBS News to examine how U.S. adversaries are working to undermine to the concept of Western democracy.
The Drug Enforcement Administration says it seized over 79 million fake pills containing fentanyl in 2023, a more than 33% increase from the year before. To combat the crisis, officials are cracking down on drug traffickers by targeting online retailers selling pill presses. CBS News homeland security and justice reporter Nicole Sganga explains.