SVB, Signature Bank Losses Will Not ‘Be Borne by the Taxpayer’, Insists President Biden

President Joe Biden gave brief comments Monday morning regarding the recent events surrounding the embattled Signature Bank and Silicon Valley Bank (SVB). Following several chaotic days, SVB was shut ...

Biden pledges ‘no cost to the taxpayer’ to shield SVB, Signature depositors

The overnight collapse of two major traditional banks — Silicon Valley Bank (SVB) and Signature Bank — triggered a series of events that impacted millions of businesses, venture capitalists and bottom...

Taxpayer Advocate Cites Improvement In Backlog. Will It Last?

In the Taxpayer Bill of Rights, Congress directed the Internal Revenue Service to form the National Taxpayer Advocate Service to address problems not resolved through normal IRS channels and large-sca...

The IRS Versus The Clumsy Taxpayer

daniel Downey for forbes The penalty for fairly innocent goofs can run into the millions of dollars. Is there any limit to how unpleasant the IRS can be with people who pay all their taxes but don’t f...

Mispriced Municipal Bonds Cost Mutual Fund Shareholders And Taxpayers Billions Of Dollars

Money Flow in Black Hole extreme closeup getty In a market where at least 99% of trillions of dollars of fixed income securities have no trades to offer price discovery and the financial data to asses...

IRS Says It Exposed Some Confidential Taxpayer Data on Website

WASHINGTON—The Internal Revenue Service inadvertently posted what is normally confidential information involving about 120,000 individuals before discovering the error and removing the data from its w...

Dems’ Reconciliation Package Obscures Obamacare’s Failures With Taxpayer Cash

WASHINGTON, DC – AUGUST 07: Senate Majority Leader Chuck Schumer (D-NY) gestures, walking out of the … [+] Senate Chamber, celebrating the passage of the Inflation Reduct Act at the U.S. C...

Semiconductor Companies Love Biden’s CHIPS Law. But Will Taxpayer Money End Up In China?

An Intel R&D lab in Chengdu, China. Intel has billions invested in China. The CHIPS Act should help … [+] the company invest in the U.S. But will the science component compel them to use tax...

Expanding Amtrak’s Scope Would Waste Taxpayer Money And Increase Shipping Costs

Passenger rail enthusiasts like to point to the shabby service and equipment on Amtrak in order to lobby for more government investment in passenger rail. In the $1 trillion Infrastructure Investment ...

6 Taxpayer Mid-Level Exception Targets For The Sixers

SALT LAKE CITY, UTAH – JANUARY 19: Danuel House Jr. #25 of the Utah Jazz in action during the first … [+] half of a game against the Houston Rockets at Vivint Smart Home Arena on January 1...

IRS insists destruction of taxpayer data won’t affect payers

alfexe | iStock | Getty Images Filers won’t be affected by the IRS decision to destroy data for millions of taxpayers, the agency said in a statement Thursday. The IRS tossed an estimated 30 mil...

Broadband Proposals Could Jeopardize Taxpayer Dollars In A State That Is No Stranger To Such Boondoggles

Aerial view of a cell tower in a rural area getty In all of the U.S., some of the most egregious examples of taxpayer dollars being wasted on government-run broadband ventures have come out of Tenness...

Meet Erin Collins, National Taxpayer Advocate for the IRS

Erin M. Collins Source: Erin M. Collins If you’re one of the millions of Americans grappling with IRS issues, you may not realize there’s another option for your unresolved problems. The T...

The IRS will stop sending out one type of taxpayer notice to try to cut down on aggravation this tax season

Trying to minimize aggravation during a tax-filing season that could have plenty of challenges, the Internal Revenue Service said it is pausing one of its notices that could ferment taxpayer frustrati...

The IRS will ask every taxpayer about crypto transactions this tax season — here’s how to report them

Cryptocurrencies, also known as virtual currencies, have gone mainstream. That’s for sure. For example, you can use bitcoin BTCUSD, -0.21% to buy a Tesla TSLA, -6.75% and to buy or pay for lots of oth...