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 ...
Tag: Taxpayer
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...
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...
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...