MoneyWatch: Last-minute tax tips
The clock is ticking for Americans looking to file their taxes as the April 18 deadline approaches. CBS News MoneyWatch reporter Irina Ivanova has some advice for people who have waited to file their returns.
Tax Returns
IRS reaches milestone in reducing backlog, but report shows hurdles remain
Officials warn millions of paper returns received in 2022 have not yet been processed, despite the agency's progress in reducing the backlog from last year.
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.
Intuit to pay customers $141M for misleading TurboTax ads
Consumers who paid to file their taxes using the popular software could get refunds under a nationwide settlement.
Haven't filed taxes? Here's the penalty for late returns
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.
Tax filing deadline brings challenges
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.
Americans rush to file taxes ahead of deadline
As the deadline to file taxes approaches, the IRS continues to deal with a massive backlog and staffing shortages. Debra Alfarone reports.
IRS deals with major backlog ahead of Tax Day
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.
Bought crypto or NFTs? Here's what to know for tax season
Investors should keep track of their crypto and NFT transactions for tax purposes, though there are exceptions.
IRS has $1.5 billion in unclaimed refunds — here's how to file a claim
A three-year window to claim the money is about to close. After that, the refunds become the property of U.S. Treasury.
Feds sue TurboTax maker, alleging it lies about "free" filing
Federal regulators allege the popular tax prep tool isn't really free, as software maker claims in its ads.
IRS aims to resolve massive backlog by end of year
Millions of people are waiting for the IRS to process returns from past tax filing seasons — and send their refunds.
IRS announces plan to end backlog
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.
IRS announces plan to hire 5,000 workers — No experience needed
The tax agency says it wants to hire thousands of workers on the spot at hiring events on March 16, 23 and 30.
The poor are 5 times as likely to get audited, study finds
Taxpayers who earn less than $25,000 are far more likely to get audited by the IRS than wealthier people.
IRS backlog could delay your tax return
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.
MoneyWatch: Tax-filing season begins today
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.
Tips for taxpayers this filing season
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.
IRS is already facing a backlog ahead of tax filing season
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 tax refunds
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.
Supreme Court rules Manhattan DA can obtain Trump tax 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.
7/9: Red and Blue
Dr. Fauci warns some states should pause reopening; Catching up on the 2020 campaign trail
SCOTUS hears arguments on Trump tax case
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 debates release of Trump's financial records
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.
Biden wants IRS to help fund social spending
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.
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