IRS says audits for rich people and corporations are about to hit a whole new level. Buckle up. The tax agency announced new goals in an effort to show what it’s doing to maximize the billions of dollars provided by the Inflation Reduction Act. 05/4/2024 - 3:30 am | View Link
IRS reveals who it is targeting for audits: which tax bracket should be sweating IRS reveals that they will be increasing audits on a certain tax bracket and major corporations. Whose tax records are going to be exposed to increase scrutiny? 05/3/2024 - 4:20 pm | View Link
IRS plans to more than double its audit rate of wealthy taxpayers Funding for the latest enforcement efforts was included in the Democrats' health care and climate change spending bill that President Biden signed into law in 2022. 05/3/2024 - 8:21 am | View Link
Sports Team Owners Face New Scrutiny From IRS Over Tax Avoidance “The IRS may be acting on its promise to restore ‘fairness’ in tax compliance by taking more shots at partnerships and high-wealth individuals, including sports team owners,” the firm wrote. “With the ... 05/1/2024 - 1:00 pm | View Link
Yellen touts success of IRS pilot program that allowed direct free filing of tax return The U.S. Internal Revenue Service saw a successful tax filing season, providing high levels of customer service, enforcing collection from the wealthy and launching a free filing option for taxpayers, ... 04/30/2024 - 11:00 pm | View Link
Warren Buffett, CEO of Berkshire Hathaway. Nati Harnik/APDemocrats are pressuring Warren Buffett to reopen his wallet for political donations. The billionaire's influence could swing results in Omaha, clearing a victory path for Biden. Meanwhile, conservatives are backing efforts to push Nebraska to a winner-take-all system. The pressure is on for Warren Buffett to reengage in political donations — something he's avoided for the last five years.
Pro Israeli activists prepare to confront people at a pro-Palestinian encampment protesting the war in Gaza on the campus of the University of Chicago on May 03, 2024. Scott Olson/Getty ImagesRep. Mike Collins appeared to praise University of Mississippi students for racist chants. A video on X showed students engaging in racial taunts towards a Black war protester.
The "Ambience" cruise ship at anchor off Guernsey, Channel Islands, 2023. UCG | Getty ImagesA crew member from an Ambassador Cruise Line ship was reported missing at sea. The ship was sailing from Lisbon to Tilbury, England when the crew member disappeared. The search has now been called off, the BBC reported.
Warren Buffett. AP ImagesWarren Buffett issued a grave warning about artificial intelligence. The Berkshire Hathaway CEO predicted it would supercharge fraud by making scams far more convincing. The investor likened AI to the atom bomb, saying the world has let the "genie out of the bottle."Warren Buffett has raised the alarm on AI, warning it threatens to supercharge fraud by making scams more convincing than ever."Scamming has always been part of the American scene," the famed investor and Berkshire CEO said during his company's annual shareholder meeting on Saturday.
Kim Jong Un, supreme leader of North Korea, pictured in Pyongyang in 2020. API | Getty ImagesKim Jong Un's latest propaganda song, "Friendly Father," is trending on TikTok. The song is part of North Korea's strategy to embed ideological messages in catchy pop tunes. TikTok, a Chinese-owned platform, could soon be banned by the US.
Josh O'Connor as Patrick Zweig in "Challengers."Niko Tavernise / MGM"Challengers," the new tennis drama starring Zendaya, has already made more than $30 million at the box office. The film focuses on a former tennis prodigy caught in a love triangle with two other players. If you loved the sports drama, here are eight other tennis films you should watch."Challengers," the new drama starring Zendaya, Josh O'Connor, and Mike Faist, has taken the tennis world by storm since it hit theaters last week.