‘Trains, planes and packages:’ Multi-state drug trafficking investigation detailed in Orlando
U.S. Attorney for the Middle District of Florida Roger Handberg hosted special agents of the Drug Enforcement Administration and Internal Revenue Service in Orlando for a Thursday news conference to announce the takedown of members in a yearslong, California-sourced drug trafficking conspiracy.
EXPLAINER: What's the debate over releasing Trump's taxes?
Now that the Democratic-controlled House Ways and Means Committee has voted to release former President Donald Trump’s tax returns, there's the potential of additional revelations in the coming days related to the finances of the longtime businessman.
Feds launch website for claiming part 2 of child tax credit
The White House and Treasury Department launched a revamped Child Tax Credit website meant to help people who were eligible for the expanded tax credit under last year’s pandemic relief bill claim the second half of the payment they were due.
Leak of billionaires' tax data draws GOP outcry over privacy
Republicans in Congress are alarmed by the leak of confidential IRS data to ProPublica that has enabled the investigative news organization to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times.
File your taxes yet? IRS says face masks and PPE are tax-deductible
ORLANDO, Fla. – The purchases of face masks and personal protective equipment to help prevent the spread of the coronavirus will be tax-deductible, according to the IRS. These items will fall under deductible medical expenses. The IRS said the purchases must be itemized. This has to be attached to your tax return, according to the IRS. The IRS has set up this questionnaire to help you determine if a purchase you have made is tax-deductible.
Haven’t received your stimulus payment yet? Here’s what to do
Some 90 million Americans woke up Wednesday to their third stimulus payments deposited in their bank accounts. [TRENDING: DeSantis: Contact tracing doesn’t work | How to track your stimulus payment | Fla. closer to ban for transgender female athletes]First, check the IRS’s Get My Payment tool. The IRS urges you to file your 2020 taxes to get the money. Other reasons you may not have received your payment or the full amount you expected? Once you do file taxes, the IRS says it will give you your owed money.
IRS to delay tax filing deadline to mid-May
The IRS plans to delay the tax filing deadline until May 17, according to an official. Along with @IRSnews, we’re announcing today that the federal income tax filing due date for the 2020 tax year will be automatically extended fromApril 15, 2021, to May 17, 2021. AdThe service is still processing millions 2020 tax returns. But keep in mind, even if the IRS gives you more time, state taxes in most cases are still due by April 15. If you’re filing in Hawaii, Delaware, Iowa, Virginia, Louisiana, or Maryland, you have more time for state taxes as well.
90 million stimulus checks totaling $242 billion have been disbursed
How to track your stimulus paymentThe first batch of stimulus payments has gone out. About 90 million payments have been disbursed so far. In all, about $242 billion has been paid. AdIndividuals earning under $75,000 and married couples making less than $150,000 get the full amount of $1,400 each. You can check the status of your payment by clicking or tapping here.
Will you get a coronavirus stimulus check and if so, when?
The American Rescue Plan Act of 2021, the third coronavirus relief bill since the pandemic hit a year ago, passed on Wednesday by a vote of 220 to 211. How do I know if I quality for the American Rescue Plan stimulus check? Will I get a $1,400 check? Third Stimulus Check Calculator - American Rescue PlanWho won’t get a $1,400 check? AdYou should automatically qualify to receive a third stimulus check, most notably if you received a first and second round of payments.
When the House will vote on $1.9T relief bill, $1,400 checks for most Americans
Scott Applewhite)A third coronavirus relief package passed in the U.S. Senate over the weekend and soon the House will vote on the $1.9 trillion bill which would provide another round of checks for most Americans. The House is set to vote on the coronavirus relief bill Wednesday morning. Under the Senate bill, the cash payment would phase out for singles with incomes above at $80,000 and for married couples, it stops at $160,000. Following that final step, the IRS would then began the process of sending out up to $2,800 checks to households who qualify under the new relief bill. In December, following former President Donald Trump’s signing of the second relief bill checks began arriving in bank accounts two days later.
IRS reports all $600 stimulus payments sent
This is how to get your missing stimulus moneyThe Internal Revenue Service says it has sent out all 147 million checks from the December stimulus package. The IRS was required to issue the $600 payments by mid-January so it could move on to processing this year’s tax returns. AdIn total, about $142 billion was sent out to help Americans. Congress is considering a third round of payments. Lawmakers hope to get that legislation passed by mid-March.
Retired medical supervisor one of millions still waiting for 2019 tax refund
Karen Pickelsimer has been waiting since Feb. 20, 2020 for last year’s income tax refund that includes the $3,394 she is owed. It turns out Karen Pickelsimer is one of millions of American taxpayers still waiting for a 2019 tax return. There is nothing else taxpayers can do to speed up the 2019 returns, Castro said. Claimants may report Reemployment Assistance fraud online by completing the form, which can be found here. For more information about Reemployment Assistance tax forms visit our website here.
IRS gets more relief payments out after delays
The IRS said that after initial problems, it is getting more of the second round of relief payments to taxpayers. (AP Photo/Eric Gay)The IRS said that after initial problems, it is getting more of the second round of relief payments to taxpayers. A number of tax preparation companies said that they were able to resolve the issues. The IRS said Tuesday that it worked over the weekend to help a smaller set of impacted taxpayers and is reissuing payments for eligible taxpayers whose accounts may have been closed. No action is needed for most eligible taxpayers to get the payment.
‘Payment status not available:’ You might not be getting your stimulus check after all
South Floridians not sure how much $600 stimulus checks will helpWhile $600 coronavirus stimulus payments have started hitting bank accounts across the nation, many won’t be receiving checks or direct deposits this time around. The IRS has created a Get My Payment tool for qualifying Americans to see when their money is coming. “If (Get My Payment tool) shows ‘Payment Status #2 – Not Available,’ then you will not receive a second Economic Impact Payment and instead you need to claim the Recovery Rebate Credit on your 2020 Tax Return,” the statement read. “We are happy to share that stimulus payments will begin to be deposited starting January 8th. Your payment will be deposited into the same bank account that you received your 2019 tax refund,” the statement said.
Didn't get your relief payment yet? You aren't alone
The U.S. Treasury and IRS have sent out the bulk of the second economic impact payments, which are intended to provide some relief to Americans. However, frustration is high among millions of people who did not receive payments yet and must wait for the mail or file their taxes before they receive it. If you are eligible, check the IRS Get My Payment tool on its website to find out the status of you payment. However, some people may find that they get their payment in a different form this time than last. If you get the “Payment Status #2 – Not Available” message, then you will not receive the payment and instead need to claim it on your tax return.
Some taxpayers find stimulus checks sent to wrong account
A number of taxpayers who use tax preparation services, such as H&R Block and TurboTax, say their second relief payments were sent to the incorrect bank account, forcing them to wait longer for their money. Some payments are also being sent via paper check or debit cards during the month of January. Taxpayers can use the Get My Payment tool on the IRS website to find out about the status of their payment. However, many people said that they checked the IRS site and found their payments were sent to an account they did not recognize. The IRS has said that there is no action required by eligible individuals to receive this second payment.
$600 coronavirus stimulus checks being sent out now
Eligible Americans could start seeing their $600 coronavirus stimulus checks deposited into their bank accounts as early as Tuesday night. | Strange Florida: Here’s the proof]Direct deposits are expected to be sent out starting Tuesday night through next week and paper checks will be mailed out starting Wednesday. @USTreasury has delivered a payment file to the @FederalReserve for Americans’ Economic Impact Payments. The money will be sent in the same way in which you receive your tax refund. To keep up with the latest news on the pandemic, subscribe to News 6′s coronavirus newsletter and go to ClickOrlando.com/coronavirus.
Like everything else 2020, taxes will be like no other year
It’s worth noting that unemployment benefits are all subject to federal taxes but not all states tax it. As such, people who did not receive their payment or only got a partial payment can resolve this issue on their 2020 taxes when they file. Another big issue is for those who relocated or moved during the pandemic, which could complicate where they need to report and pay state taxes, Pyron said. Workers may need to file taxes in multiple states. The IRS continues to urge taxpayers to file their taxes online and use other online tools whenever possible.
The IRS has made changes to the tax bracket -- here’s what it will mean for you
Earlier this week, the IRS announced the 2021 tax year annual inflation adjustments for more than 60 tax previsions. Those include tax rate schedules and other tax changes. The following are the 2021 tax rates, which will be used when filing taxes in 2022 for the previous year of income. Taxpayers with lower incomes with have lower federal tax rates. Click or tap here to learn about more changes that have come with tax inflation adjustments for tax year 2021.
Audit likely gave congressional staff glimpse of Trump taxes
When JCT staffers disagree with the IRS on a decision, the review is typically kept open until the matter is resolved. Even acknowledging that Trump's taxes were before the panel is verboten. Representatives for the Trump Organization did not respond to messages seeking comment and confirmation that the Joint Tax Committee had reviewed Trump's taxes. Former JCT staffers would not comment on whether they remembered the dispute with Trump, citing confidentiality rules. Neal, the lead force behind a Democratic lawsuit to expose Trump’s taxes, said the Times’ reporting is proof that the documents should be given to Congress.