Internal Revenue Service

IRS unveils plan to close tax loophole for pass-through businesses

Barbara Terrio

IRS Commissioner Danny Werfel testifies before the House Appropriations Committee in Washington, D.C., on May 7, 2024. Kevin Dietsch | ...

Chinese man operated ‘world’s largest botnet’ that stole billions: DOJ

Elaine Hadley

Colonial Pipeline hack only latest in rising ransomware threats Hackers hit hundreds of critical systems last year and watchdogs say ...

What is Chapter 11 bankruptcy? Red Lobster’s financial bind, explained

Barbara Terrio

Endless shrimp did not cause Red Lobster to file for bankruptcy A series of financial problems including $294 million in ...

House Democrats eye backdoor to force vote on Israel, Ukraine aid bill

Abhinav Thawait

Senate passes foreign aid bill to support Ukraine, Israel and Gaza The Senate passed a bipartisan foreign aid bill that ...

Ex-IRS contractor sentenced to 5 years in prison for leaking Trump tax records

Evan Massoud

WASHINGTON — The former Internal Revenue Service contractor who leaked the tax records of former President Donald Trump to The ...

FAFSA’s soft launch was messy. Here are other aid options to try

Elaine Hadley

Student Loan Debt Is Being Canceled Earlier Than Expected The Biden administration announced it would begin forgiving the student loans ...

Wills, trusts, IRAs and more

Barbara Terrio

The advice runs the gamut from retirement savings to insurance coverage to savvy tax shelters. Allworth Advice: Planning for all ...

2023 tax season is here, but don’t wait to file, Here’s why.

Barbara Terrio

Tax season is upon us! Here’s what to know to make filing easier. A new parent? Recently married? There are ...

You Need This Much Money to Be Rich in America, Data Reveals

Barbara Terrio

what income is considered rich Earning more money can make it easier to pay the bills, fund your financial goals ...

IRS rejects 20,000 tax refund claims for employee retention credit

Barbara Terrio

The IRS is sending more than 20,000 rejection letters to taxpayers who wrongly claimed the employee retention credit, or ERC. ...

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