Tax dispute over incentive program has Troy volunteer firefighters fighting for their benefits
Becoming a volunteer firefighter has gotten a little harder in the city of Troy after the IRS officially ruled the incentive program for the department is not an actual length of service award plan. Itโs been an ongoing tax dispute for several years now.
EXPLAINER: What's the debate over releasing Trump's taxes?
Now that the Democratic-controlled House Ways and Means Committee has voted to release former President Donald Trumpโs tax returns, there's the potential of additional revelations in the coming days related to the finances of the longtime businessman.
Oakland County attorney took $6.5M from client, told her he used it to settle IRS issue, feds say
A tax attorney from Oakland County was hired by a business owner to help her settle an IRS investigation, but he convinced her she owed $6.5 million more than she actually did so he could put that money in his own Swiss bank account, federal officials said.
Prosecutors open investigation into whether Kwame Kilpatrick is paying $1.7 he owes Detroit, IRS
Former Detroit Mayor Kwame Kilpatrickโs name is back on a federal court docket after prosecutors opened an investigation into whether heโs been paying the nearly $2 million he owes to the city and the IRS.
Feds launch website for claiming part 2 of child tax credit
The White House and Treasury Department launched a revamped Child Tax Credit website meant to help people who were eligible for the expanded tax credit under last yearโs pandemic relief bill claim the second half of the payment they were due.
Leak of billionaires' tax data draws GOP outcry over privacy
Republicans in Congress are alarmed by the leak of confidential IRS data to ProPublica that has enabled the investigative news organization to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times.
Have you received your stimulus payment yet? Many still waiting due to glitch
Millions of Americans are still waiting on their stimulus check. If you havenโt received your stimulus payment you should contact the IRS. READ: More stimulus payment coverageCheck the status of your stimulus paymentThe IRS relaunched its โGet My Paymentโ tool. According to the IRS, some people received their first stimulus payment in partial payments. If you received partial payments the application will only show the most recent.
Red flags to look for amid tax scam season
According to the Better Business Bureau, tax scams are still a problem this year. If you havenโt filed your taxes yet this season, donโt put it off any longer! The IRS discovers cases of identity theft because personal information is stolen and a fake claim for a refund is filed. โThe IRS is not going to contact you and give you those high pressure tactics,โ Blankenship said. โThere are unfortunately people out there that theyโre banking on the fact that youโre not going to look into them any further, especially if they look professional,โ Blankenship said.
Michigan pushes due date for individual income tax returns back to May 17
LANSING, Mich. โ The due date for Michigan individual income tax annual returns has been pushed back to May 17, the state treasury department announced. Gretchen Whitmer announced the new filing deadline after the IRS extended its deadline to May 17. Changing the stateโs filing and payment deadlines can help individuals figure out their next steps as we navigate these extraordinary times.โAdUnder the new deadline, state individual income tax annual returns and payments are due before 11:59 p.m. May 17. Taxpayers who are owed a refund are encouraged to file their state income tax returns so they can receive their refunds. They should estimate their tax liability and pay any taxes owed by May 17 to avoid additional interest or penalties, state officials said.
Morning Briefing March 12, 2021: When to expect $1,400 payments and whoโs eligible, how much Michigan will get from $1.9T COVID relief bill, more
President Biden signed the massive bill on Thursday, March 11, which means payments should begin in the coming days. Based on the IRS timeframe from the last round of payments, payments could begin within a few days of passage. AdMichigan is set to receive a big chunk of dollars from the newly signed $1.9T COVID-19 relief package. The number of confirmed cases of the coronavirus (COVID-19) in Michigan has risen to 603,375 as of Thursday, including 15,729 deaths, state officials report. On Wednesday, the state reported 601,284 confirmed cases, including 15,707 deaths.
3rd stimulus check update: When to expect $1,400 payment after Biden signs bill
Compounding the hardships of coronavirus, some nursing homes have demanded that low-income residents turn over their $1,200 economic stimulus checks. (AP Photo/Eric Gay, File)Congress has approved another round of stimulus checks to most Americans this month -- hereโs what you need to know. The legislation provides a direct payment of $1,400 for a single taxpayer, or $2,800 for a married couple that files jointly, plus $1,400 per dependent. AdBased on the IRS timeframe from the last round of payments, payments could begin within a few days of passage. Read more: Highlights of the COVID-19 relief bill advancing in CongressUnemployment aidExpanded unemployment benefits from the federal government would be extended through Sept. 6 at $300 a week.
Congress approves COVID bill: When to expect $1,400 stimulus checks
Compounding the hardships of coronavirus, some nursing homes have demanded that low-income residents turn over their $1,200 economic stimulus checks. (AP Photo/Eric Gay, File)Congress has approved another round of stimulus checks to most Americans this month -- hereโs what you need to know. (AGI)Related: Child tax credit changes in COVID bill: How much families can getWhen could Americans start seeing payments? AdBased on the IRS timeframe from the last round of payments, payments could begin within a few days of passage. Read more: Highlights of the COVID-19 relief bill advancing in CongressUnemployment aidExpanded unemployment benefits from the federal government would be extended through Sept. 6 at $300 a week.
Stimulus check update: When to expect $1,400 payment and whoโs eligible?
Compounding the hardships of coronavirus, some nursing homes have demanded that low-income residents turn over their $1,200 economic stimulus checks. (AP Photo/Eric Gay, File)Congress has approved another round of stimulus checks to most Americans this month -- hereโs what you need to know. AdWho is eligible for $1,400 stimulus payment? The legislation provides a direct payment of $1,400 for a single taxpayer, or $2,800 for a married couple that files jointly, plus $1,400 per dependent. AdBased on the IRS timeframe from the last round of payments, payments could begin within a few days of passage.
โThese guys are fakeโ: DEA will never call and demand personal, financial information
These are lies and scammers are just trying to get your personal information. โThese extortionists call people up and pretend to be DEA agents and we just want to get the word out that these guys are fake.โScammers claim to be with the DEA and ask for personal information such as identifying information or financial information. And they call people, and pretend to be DEA agents and try to get personal information from them. Whether itโs credit card information or social security number or even bank account information,โ McNeal said. โIโve seen upwards of $12,000 that people have fallen victim to and they will take it in any form if they can convince you to give them an Amazon gift card or Google Play gift card, or an iTunes gift card.
3rd stimulus check update: When to expect $1,400 payment and whoโs eligible?
Compounding the hardships of coronavirus, some nursing homes have demanded that low-income residents turn over their $1,200 economic stimulus checks. (AP Photo/Eric Gay, File)Congress is expected to approve another round of stimulus checks to most Americans this month -- hereโs what you need to know. Who is eligible for $1,400 stimulus payment? The legislation provides a direct payment of $1,400 for a single taxpayer, or $2,800 for a married couple that files jointly, plus $1,400 per dependent. AdBased on the IRS timeframe from the last round of payments, payments could begin within a few days of passage.