IRS says it's dramatically boosting audits of the wealthy
The IRS is boosting audits on higher earners, with the audit rate jumping fourfold on filers earning more than $10 million.
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The IRS is boosting audits on higher earners, with the audit rate jumping fourfold on filers earning more than $10 million.
Consumers who paid to file their taxes using the popular software could get refunds under a nationwide settlement.
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.
Monday marks the deadline for most Americans to file their individual income taxes. CBS News reporter Sarah Ewall-Wice joined "Red and Blue" to discuss the tax filing process, extensions, and issues at the IRS.
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.
Investors should keep track of their crypto and NFT transactions for tax purposes, though there are exceptions.
A three-year window to claim the money is about to close. After that, the refunds become the property of U.S. Treasury.
Federal regulators allege the popular tax prep tool isn't really free, as software maker claims in its ads.
Millions of people are waiting for the IRS to process returns from past tax filing seasons — and send their refunds.
The IRS says it's dealing with one of the most challenging tax filing seasons in history, but the agency has announced an aggressive plan to end the backlog. CBS news reporter Sarah Ewall-Wice joins Seth Doane to discuss.
The tax agency says it wants to hire thousands of workers on the spot at hiring events on March 16, 23 and 30.
Taxpayers who earn less than $25,000 are far more likely to get audited by the IRS than wealthier people.
The Treasury Department says the IRS is facing a sizeable backlog from 2021, which could delay your tax return this year. Ted Rossman, senior industry analyst at Bankrate.com, joins CBS News to discuss when people can expect to get their refunds and how inflation may affect how people will spend that money this year.
Today marks the first day that Americans can file their taxes for 2021. This year's season starts 17 days earlier than last year as the IRS still has a backlog of filings from last year. MoneyWatch reporter Irina Ivanova joins "CBS News Mornings" to discuss what taxpayers can expect this year.
The Internal Revenue Service will begin accepting and processing 2021 federal tax returns on Monday, January 24. That comes as about 36 million families stop getting child tax credit payments. CBS MoneyWatch reporter Aimee Picchi spoke with Jericka Duncan on CBSN to review tips for filing tax returns and getting any refund as efficiently as possible.
Filing season opens January 24 and Treasury officials are urging taxpayers to get their tax returns in as early as possible.
Some Americans may see smaller-than-expected tax refunds in 2022 due to the Child Tax Credit. CBS MoneyWatch reporter Aimee Picchi joins CBSN to explain what people need to know before filing their returns.
The Supreme Court rejected the argument that President Trump is immune from investigation while in office, and cleared the way for prosecutors to see his financial records. Jan Crawford reports.
Dr. Fauci warns some states should pause reopening; Catching up on the 2020 campaign trail
Supreme Court justices debated whether House Democrats and a New York grand jury can subpoena President Trump for his tax returns. Meanwhile Jay Sekulow defended his client in saying the president has temporary "presidential immunity." Jan Crawford reports.
Supreme Court justices on Tuesday heard arguments on whether President Trump can be forced to turn over his private financial records, including income tax returns. The extraordinary decision is expected this summer. Jan Crawford reports.
The Biden administration is proposing the Internal Revenue Service help fund the president's expansive social programs package by tracking down $7 trillion in unpaid taxes. CBS News MoneyWatch reporter Irina Ivanova explains to CBSN's Tanya Rivero why not everyone is happy about the proposal.
The Justice Department now says the IRS must give former President Trump's tax returns to Congress. Dave Clarke, White House editor for the Washington Post, joined CBSN's Lana Zak for more.
Manhattan prosecutors have charged the Trump Organization and its chief financial officer, Allen Weisselberg, in an alleged 15-year tax fraud scheme. CBS News chief Justice and Homeland Security correspondent Jeff Pegues reports from New York, and CBS News legal analyst Rikki Klieman joins CBSN with analysis.
Cole Allen allegedly started planning the attack at the White House Correspondents' Dinner three weeks ago, a new court document filed by prosecutors says.
The Supreme Court rule 6-3 in a decision that has implications for the scope of the landmark Voting Rights Act.
Defense Secretary Pete Hegseth is facing questions from lawmakers for the first time since the Trump administration launched its joint war with Israel against Iran.
President Trump said he and Russian President Vladimir Putin spoke Wednesday about Ukraine and Iran.
Former FBI Director James Comey was indicted Tuesday for allegedly making threats against President Trump.
FEMA's disaster relief fund has dropped below $3 billion, triggering Imminent Needs Funding, which means the agency must limit spending to only the most urgent, life-saving needs amid the partial government shutdown.
OneTaste, a company in San Francisco that prosecutors likened to a sex cult, has embarked on a campaign to court allies of President Trump as it seeks pardons for its two convicted leaders, CBS News has learned.
Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
As part of his four-day trip to the U.S. to commemorate America's 250th birthday, King Charles III is taking part in a series of events in New York City.
Cole Allen allegedly started planning the attack at the White House Correspondents' Dinner three weeks ago, a new court document filed by prosecutors says.
Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
Former FBI Director James Comey was indicted Tuesday for allegedly making threats against President Trump.
King Charles surprised President Trump with the bell from the HMS Trump, a World War II-era British submarine, during this week's visit.
The war with Iran is now in its ninth week, and Congress is concerned about the reduction of global munition stockpiles and the ability to restock them.
Fed chief Jerome Powell said he will remain as a governor on the central bank's board after his term as chair ends on May 15.
TSA is trying to encourage young travelers to enroll in its PreCheck program before summer travel kicks off.
Senators voted along partisan lines, with Republicans backing Warsh's nomination to lead the Fed and Democrats on the panel opposing him.
An Indian man dug up his sister's body and carried it to a bank branch to prove she was dead after being refused access to her account without a death certificate, the lender says.
But after some early hiccups, the U.S. government's hub for businesses seeking tariff refunds is running smoothly, an expert says.
President Trump said he and Russian President Vladimir Putin spoke Wednesday about Ukraine and Iran.
Cole Allen allegedly started planning the attack at the White House Correspondents' Dinner three weeks ago, a new court document filed by prosecutors says.
Former FBI Director James Comey was indicted Tuesday for allegedly making threats against President Trump.
The war with Iran is now in its ninth week, and Congress is concerned about the reduction of global munition stockpiles and the ability to restock them.
Photos show some of the highlights as King Charles III and Queen Camilla with President Trump and first lady Melania Trump during an official state visit to Washington, D.C.
A new approach to suicide prevention shifts the focus from stopping harm in moments of crisis to upstream policies that give people reasons to live.
A $50 billion federal fund is supposed to modernize rural healthcare. But community clinics and advocates fear that the contractors administering the money for states will bite off a big chunk before it reaches patients.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
Drug-making giant Johnson & Johnson will officially start marketing four of its medications on the Trump administration's TrumpRx website on Friday, CBS News exclusively learned.
An army survey of the seabed uncovered the 16th-century merchant ship by chance in waters off the coast of France.
King Charles surprised President Trump with the bell from the HMS Trump, a World War II-era British submarine, during this week's visit.
The war with Iran is now in its ninth week, and Congress is concerned about the reduction of global munition stockpiles and the ability to restock them.
Nine people were arrested in raids on the U.K. headquarters of the AROPL religious sect, on suspicion of modern slavery, forced marriage and sexual offenses.
Eugenio Molina-Lopez is accused of heading up a gang that allegedly trafficked U.S.-bound cocaine from South America to Mexican cartels.
As "NCIS" nears the highly-anticipated finale of season 23, it will also be star Wilmer Valderama's 200th episode on the show. He reflects on his time on the series and reveals the season finale will have "a lot of danger," adding, "we're setting a crazy tone for next season."
Constance Zimmer, who co-hosts the podcast "Talk 50 to Me," talks about reframing the conversation among women about aging. The podcast features interviews with women in their 50s, talking about the realities of midlife.
The FCC has ordered an early review of the broadcast licenses for eight local stations owned by ABC. The move comes after President Trump and first lady Melania Trump demanded ABC fire late-night host Jimmy Kimmel. Ed O'Keefe reports.
The Federal Communications Commission says it wants the Walt Disney Company to file for early license renewal for its television stations. The announcement comes one day after President Trump and the first lady called on ABC to fire late-night host Jimmy Kimmel. CBS News legal contributor Rebecca Roiphe joins with analysis.
One day after President Trump called on ABC to fire late-night host Jimmy Kimmel, the FCC said it will begin reviewing eight broadcasting licenses owned or managed by Disney due to the company's diversity policies. CBS News senior White House and political correspondent Ed O'Keefe has the latest.
Elon Musk took the stand Tuesday in a trial against fellow billionaire Sam Altman that could change the future of AI. Musk accused the OpenAI co-founder of lying and stealing, adding that he has "extreme concerns" about AI and who controls it.
OpenAI boss Sam Altman recently apologized after a teen who went on to kill eight people was banned from ChatGPT for violent activities but police were never alerted.
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.
Opening statements began on Tuesday in Tesla CEO Elon Musk's lawsuit against OpenAI co-founder Sam Altman. Maxwell Zeff, senior writer at Wired, joins with more.
Jury selection began Monday in the legal battle between tech leaders Elon Musk and Sam Altman. CBS News senior business and technology correspondent Jo Ling Kent has the latest.
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
San Francisco-based sexual wellness company OneTaste is lobbying for clemency through allies of President Trump for its former CEO and founder, Nicole Daedone, and former head of sales Rachel Cherwitz, who were both sentenced to more than five years in prison for forced labor conspiracy. CBS News' Shanelle Kaul has more.
Nine people were arrested in raids on the U.K. headquarters of the AROPL religious sect, on suspicion of modern slavery, forced marriage and sexual offenses.
A gunshot fired during the Secret Service encounter with Cole Allen at the White House Correspondents' Dinner on Saturday may have hit an officer's cellphone placed in a bulletproof vest pocket, two sources tell CBS News' Nicole Sganga.
A man is in custody after two people were stabbed at a Jewish neighborhood of North London, according to British authorities. CBS News' Ramy Inocencio reports.
Robert McDonald, a retired supervisory agent at the U.S. Secret Service, joins CBS News with his take on the security protocols during the White House Correspondents' Dinner.
SpaceX's most powerful operational rocket boosted a high-speed ViaSat internet data relay satellite into space to complete a globe-spanning constellation.
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
President Trump hosted the Artemis II astronauts at the White House on Wednesday and answered reporters' questions on several topics. CBS News White House reporter Aaron Navarro joins with analysis following the president's remarks.
Jerome Powell held his last news conference as Federal Reserve chair on Wednesday, announcing his intention to stay on the central bank's board as a governor "for a period of time to be determined" following the end of his term.
Former FBI Director James Comey appeared in federal court on Wednesday after the Justice Department charged him with threatening President Trump's life. CBS News legal reporter Katrina Kaufman has the details.
The Federal Reserve held its benchmark interest rate steady on Wednesday as the U.S. economy continues to grapple with rising inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more.
King Charles III and Queen Camilla arrived in New York on Wednesday as part of their state visit, where they visited the 9/11 memorial. CBS News' Lilia Luciano and Dr. Nigel Fletcher, a political historian, join with more.