Tag Archives: irs

IRS Has Completely Botched Mailing Stimulus Checks

IRS

Less than a week after the Government Accountability Office said the Internal Revenue Service cut stimulus checks to 1.1 million dead people, a report Monday from Erin Collins, the National Taxpayer Advocate said the federal tax collector also sent approximately 74,000 checks to people who have been locked up by law enforcement.

The National Taxpayer Advocate is an office that is independent of the Internal Revenue Service, although the two agencies frequently collaborate.

Like the Government Accountability Office (GAO) report, Collins noted how dead people received stimulus checks. (The new report said the IRS issued 965,000 checks, compared the 1.1 million checks counted by the GAO.)

Market Watch

IRS Delaying Stimulus Checks of Americans in Need of Cash

IRS Delaying Stimulus Checks of Americans in Need of Cash

irs

Kimberly Dyer was counting on her $1,700 stimulus check to help pay her bills after her work hours were reduced and her salary was cut in half because of the coronavirus pandemic.

But the check hasn’t arrived, even though the Internal Revenue Service’s “Get My Payment” tracking app says she’s eligible.

Neither has the $5,129 tax refund she is owed. The IRS has notified her that her 2019 tax returns are under review.

Dyer, a single mother and a social worker, suspects the two missing checks are connected. Hundreds of members of a Facebook group she created for people who haven’t gotten their stimulus check soon realized they had something else in common. They, too, have tax returns that are under audit or review.

USA Today

 

HuffPost Inverts Americans Getting Back Less of a Refund After Trump Tax Cuts

huffpost

Average tax refunds were down last week 8.4 percent for the first week of the tax season over the same time last year, according to the Internal Revenue Service. Dipping refunds are inflaming a growing army of taxpayers stunned by the consequences of the Trump administration’s tax law — and the effects of the partial government shutdown.

The average refund check paid out so far has been $1,865, down from $2,035 at the same point in 2018, according to IRS data. Low-income taxpayers often file early to pocket the money as soon as possible. Many taxpayers count on the refunds to make important payments, or spend the money on things like home repairs, a vacation or a car.

The IRS had estimated it would issue about 2.3 percent fewer refunds this year as a result of the changes in the federal tax law, according to Bloomberg. MSNBC reports that 30 million Americans will owe the IRS money this year — 3 million more than before Trump’s tax law.

HuffPost

Federal Workers Beg For Cash on GoFundMe as Shutdown Drags on

CapitolHill.jpg

Amid a government shutdown that’s reportedly halted pay for 800,000 federal workers, hundreds of folks are turning to GoFundMe to beg for cash to cover their living expenses, and then some.

GoFundMe spokeswoman Katherine Cichy told CBS more than 700 accounts have popped up since the shutdown started on Dec. 22, raising a collective total of about $50,000 as of Wednesday.

The pleas for financial help come from federal employees, contractors, small business owners, and others that rely on the government for their livelihood, including campaigns from single mothers, TSA workers, and IRS employees and others looking for a handout.

Some of the campaigns aim to raise the bare minimum necessary to cover bills or medical expenses, while others are asking for $5,000, $10,000, $15,000 or even $50,000. A few want to raise hundreds of thousands or millions to help those temporarily unemployed.

American Mirror

IRS Denying Americans With Tax Debt From Obtaining Passports

irs

Hundreds of thousands of US citizens may have to scrap their holiday plans, the Internal Revenue Service said, as it is enforcing a law allowing authorities to revoke and deny passports to those owing over $51,000 in unpaid taxes.

Some 362,000 people may fall under the scope of the 2015 law as early as the end of this year, the Wall Street Journal reported on Friday, citing an IRS spokesperson.

The Fixing America’s Surface Transportation (FAST) Act, which became a law in December 2015, allows the State Department and the IRS to refuse to issue passports to those with “seriously delinquent” debts that are defined as “an unpaid, legally enforceable federal tax liability” of more than $51,000, including interest and penalties. That rule envisions denying first-time passport applications, as well as the renewal of the travel document. In a worst-case scenario, a valid passport can be revoked by the State Department.

RT

DOMESTIC TRAVEL

AUDIT & ABOLISH THE FED, IRS

Obama Brags No Scandals “Embarrassed” His Presidency Like Trump Faces

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Former President Barack Obama denied that his administration had any scandals that embarrassed him or his team.

It is unclear why Obama clarified that there were no scandals “that embarrassed us.”

“There were mistakes,” he admitted. “We’d screw up, but there wasn’t anything venal during eight years. I know that seems like a low bar, but you look at the presidency; that’s no small thing.”

Conservatives remember the Obama years differently, citing the Fast and Furious scandal, the IRS scandal, wiretapping journalists, the terror attacks in Benghazi, delivering pallets of cash to Iran, and former Secretary of State Hillary Clinton’s illegal use of a private email server for government emails.

Obama’s speech at MIT was strictly off the record, but Reason acquired the audio.

The former president also insisted there was not much drama either, thanks to his leadership and organization skills.

Breitbart

Overfunded IRS Wants More Funding For 2018


The Internal Revenue Service paid $US 20 million to private debt collectors in fiscal year 2017 as part of an effort to recoup unpaid taxes, an initiative kicked off by a 2015 bill from Congress.

There’s one problem: the private collectors only recovered $US 6.7 million.

According to a new report from the IRS internal consumer advocate, the Taxpayer Advocate Service, the private debt collection brought in only a sliver of the amount it was designated to recoup. And it ran afoul of some of the program’s designed guardrails.

Business Insider

IRS Laughs At Digital Currencies, Still Wants a Piece


Most digital currencies exist in a sort of twilight state just beyond the grasp of federal regulators, but the U.S. tax authority is starting to get savvy to this whole bitcoin thing.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="On Wednesday, a federal judge in San Francisco ruled that Coinbase must supply the IRS with identifying information on users who had more than $20,000 in annual transactions on its platform between 2013 and 2015.&nbsp;After noticing that the number of tax returns claiming gains from virtual currency didn't line up with the emerging popularity of digital currencies like bitcoin as an investment vehicle, the IRS asked Coinbase to hand over a broad swath of information on its users. Coinbase pushed back, and now the court has landed on a compromise that the company is calling a "partial victory."” data-reactid=”31″ style=”margin: 0.8em 0px 0px; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; background-color: rgb(255, 255, 255);”>On Wednesday, a federal judge in San Francisco ruled that Coinbase must supply the IRS with identifying information on users who had more than $20,000 in annual transactions on its platform between 2013 and 2015. After noticing that the number of tax returns claiming gains from virtual currency didn’t line up with the emerging popularity of digital currencies like bitcoin as an investment vehicle, the IRS asked Coinbase to hand over a broad swath of information on its users. Coinbase pushed back, and now the court has landed on a compromise that the company is calling a “partial victory.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="On Wednesday, a federal judge in San Francisco ruled that Coinbase must supply the IRS with identifying information on users who had more than $20,000 in annual transactions on its platform between 2013 and 2015.&nbsp;After noticing that the number of tax returns claiming gains from virtual currency didn't line up with the emerging popularity of digital currencies like bitcoin as an investment vehicle, the IRS asked Coinbase to hand over a broad swath of information on its users. Coinbase pushed back, and now the court has landed on a compromise that the company is calling a "partial victory."” data-reactid=”31″ style=”margin: 0.8em 0px 0px; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 15px; background-color: rgb(255, 255, 255);”>Tech Crunch