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Treasury Department

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Treasury Department Warns Of 'Frustrating Season' For Taxpayers, Preparers Treasury Department Warns Of 'Frustrating Season' For Taxpayers, Preparers
Treasury Department Warns Of 'Frustrating Season' For Taxpayers, Preparers Treasury Department officials have warned that major issues the Internal Revenue Service is experiencing could lead to delays when it comes to certain taxpayer services, according to a new report. The Washington Post reported that officials said on Monday, Jan. 10, that they anticipate this tax season will be "frustrating" for preparers and taxpayers due in part to pandemic-related delays and previous budget cuts to the IRS. The news outlet said this year, the IRS is beginning tax filing season with "several times" the typical unaddressed backlog of returns.  The Washington Post said …

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by Nicole Valinote
Politics
Who Drank It? State Department Investigating Missing $5,800 Bottle Of Whiskey Who Drank It? State Department Investigating Missing $5,800 Bottle Of Whiskey
Who Drank It? State Department Investigating Missing $5,800 Bottle Of Whiskey The US State Department has a real “whodunnit” on its hands as it attempts to locate a costly bottle of whiskey that was gifted to former Secretary of State Mike Pompeo by the Japanese government during the Trump Administration. In a notice posted to the Federal Register, the whereabouts of a $5,800 bottle of whiskey gifted by the government of Japan in 2019 is listed as “pending,” though it is unclear if Pompeo ever took possession of the gift. According to a New York Times report, Pompeo, age 57, was in Saudi Arabia the day the gift is said to have been given to him, though he traveled to…

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by Zak Failla
News
COVID-19: Biden Wants States To Offer $100 Incentives To Get Vaccinated, Report Says COVID-19: Biden Wants States To Offer $100 Incentives To Get Vaccinated, Report Says
Covid-19: Biden Wants States To Offer $100 Incentives To Get Vaccinated, Report Says President Joe Biden is calling on state and local governments to offer $100 payments to residents as an incentive to get vaccinated against COVID-19.  The Hill reported that the Treasury Department made the announcement on Thursday, July 29, as the Biden administration pushes for more Americans to get vaccinated. The news outlet said the payments would be offered to those who have been vaccinated recently. The states and local governments would use funds from the American Rescue Plan for the program. New York City Mayor Bill De Blasio announced on Wednesday that residents who receive …

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by Nicole Valinote
Lifestyle
COVID-19: Here's How Many Stimulus Checks Treasury Has Sent, How To Track Status Of Yours COVID-19: Here's How Many Stimulus Checks Treasury Has Sent, How To Track Status Of Yours
Covid-19: Here's How Many Stimulus Checks Treasury Has Sent, How To Track Status Of Yours Tens of millions of Americans have received their third COVID-19 stimulus relief checks worth a total of $242 billion as part of President Biden’s $1.9 trillion American Rescue Plan. According to a report released on Wednesday, March 17 from government agencies, approximately 90 million $1,400 checks have been cut to Americans, with most sent by direct deposit.  Approximately 150,000 physical checks worth approximately $442 were also sent out in the first wave. The first round of payments started showing up in people’s bank accounts this weekend, the Treasury Department and IRS annou…

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by Zak Failla
Lifestyle
COVID-19: Here's What You Need To Know About Amount, Timing Of Federal Stimulus Checks COVID-19: Here's What You Need To Know About Amount, Timing Of Federal Stimulus Checks
Covid-19: Here's What You Need To Know About Amount, Timing Of Federal Stimulus Checks The Treasury Department and the Internal Revenue Service announced Tuesday, March 30, that economic impact payments will begin in the next three weeks and will be sent automatically, with no action required for most people.  However, some seniors and others who typically do not file returns will need to submit a simple tax return to receive the payment. Who is eligible for the economic impact payment? Tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full payment.  For filers with inco…

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by Kathy Reakes