BOISE, Idaho — A U.S. judge says the IRS can't keep withholding coronavirus relief payments from incarcerated people, potentially clearing the way for at least 80,000 checks totaling more than $100 million to be sent to people behind bars across the United States. The ruling from U.S. District Judge Phyllis...
Deadline to Get COVID-19 Stimulus Check by Direct Deposit is Here
Anyone still waiting for a federal COVID-19 stimulus payment must act by Wednesday to receive their money by direct deposit, the IRS says. The government is urging taxpayers to provide their bank account information online by noon if they want to speed up delivery of the money. Otherwise, qualified recipients...
Dead Taxpayers Got Relief Checks. Can Survivors Keep Them?
President Donald Trump, Treasury Secretary Steven Mnuchin — and now the IRS — are urging people who received coronavirus relief payments for a deceased taxpayer to return the money to the government. But legal experts say there is no law requiring people do that. Some of the more than 130...
Avenatti Arrested for New Alleged Crimes While on Bail
LOS ANGELES — Michael Avenatti, the brash former attorney for the porn actress Stormy Daniels, was arrested for allegedly violating bail by committing numerous financial crimes to conceal assets from creditors while living a lavish lifestyle, U.S. prosecutors alleged in a court document released Wednesday. Avenatti was arrested by IRS...
Goodbye Robocalls? Probably Not.
NEW YORK — An anti-robocalls measure signed into law Monday by President Donald Trump should help reduce the torrent of unwanted calls promising lower interest rates or pretending to be the IRS, though it won't make all such calls disappear. The new law gives authorities more enforcement powers and could...
Who Steals From Homeless Youth? This Former Fresno IRS Worker.
What kind of thief steals from homeless people and at-risk youth? A federal jury in Fresno decided Thursday that 46-year-old former IRS employee Marcela Heredia is exactly that kind of thief. Now, the former Fresno resident faces up to 20 years in prison and a $250,000 fine after her convictions...
Trump Acknowledges Over $1 Billion in Tax Write Offs, Calls It ‘Sport’
WASHINGTON — President Donald Trump on Wednesday acknowledged taking massive tax write offs for real estate losses topping $1 billion from the mid-1980s to mid-1990s, calling it "sport" among developers like himself during that period. Trump was reacting to a New York Times report Tuesday that his businesses lost more...
Refusal to Hand Over Trump’s Tax Returns Sets up Legal Fight
WASHINGTON — Treasury Secretary Steven Mnuchin has made it official: The administration won't be turning President Donald Trump's tax returns over to the Democratic-controlled House. Mnuchin told Ways and Means Committee Chairman Richard Neal, D-Mass., in a Monday letter that the panel's request "lacks a legitimate legislative purpose" as Supreme Court precedent...
House Democrats Ask IRS to Provide Trump’s Tax Returns
WASHINGTON — A House committee chairman formally asked the IRS to provide six years of President Donald Trump's personal tax returns and the returns for some of his businesses as Democrats try to shed light on his complex financial dealings and potential conflicts of interest. The request by Massachusetts Rep....
Parents Could Face Tax Charges, Big Fines in Admissions Scam
BOSTON — A wide-ranging college admissions cheating scheme allowed wealthy parents not only to get their kids into sought-after schools but to write off the bribes on their taxes, federal authorities say. Now some parents who are already facing possible prison time could be hit with additional criminal charges and...