Find Your Daily Voice
39°
Tag: Internal Revenue Service
Some Americans Must File Tax Returns In March: Here's Who, Why
The Internal Revenue Service (IRS) has alerted some American workers that they face an early tax deadline.
Those in the group who did not make estimated tax payments by Wednesday, Jan. 15, 2025, must file their 2024 federal income tax returns and pay any taxes owed by Monday, March 3, 2025.
Due to the deadline falling on a Saturday, it has been extended from the usual Saturday, March 1, to Monday, March 3.
Details of the Early Deadline
Farmers and fishers who qualify for this special deadline are those who derived at least two-thirds of their gross income from their respective…
Can IRS Layoffs Affect Your Tax Refund? Here's What To Know
With layoffs affecting as many as 6,000 Internal Revenue Service (IRS) workers reportedly underway, anxiety has heightened for Americans eager to receive refunds near the midway point of tax filing season.
Approximately 140 million returns are expected to be filed by the Tuesday, April 15 deadline. Last year, around two-thirds of taxpayers received refunds, averaging about $3,100, according to IRS data.
The IRS opened the 2025 tax filing season on Monday, Jan. 27.
For many households, a tax refund can be the largest annual payment they receive all year, and it's often used to pay off…
$145M Scheme: Man From Region Known As 'Magician' Admits To One Of Largest Ever Frauds
A Northern Westchester man who earned the nickname “The Magician” for his ability to slash tax bills has pleaded guilty to orchestrating a massive $145 million fraud scheme that spanned a decade, federal officials announced.
Rafael Alvarez, age 61, of Cortlandt Manor, entered the plea in Manhattan federal court on Tuesday, Dec. 17, after being charged with conspiracy to defraud the US and aiding the preparation of false tax returns, according to Edward Y. Kim, Acting US Attorney for the Southern District of New York.
Alvarez, the CEO and owner of ATAX, a Bronx-based tax preparation bu…
Former Yale Med School Employee Admits Stealing, Selling $40 Million In Electronics
A former Yale University School of Medicine employee has admitted to stealing $40 million in computer and electronic hardware from the university.
Jamie Petrone, age 42, pleaded guilty on Monday, March 28, to wire fraud and filing a false tax return, according to Leonard Boyle, United States Attorney for the District of Connecticut.
Petrone is a former resident of Naugatuck in New Haven County, and she currently resides in Georgia, Boyle said.
Beginning in about 2008, Petrone worked for the Yale University School of Medicine's Department of Emergency Medicine and most recently w…
IRS Planning To Delay April 15 Tax Deadline, Reports Say
For the second straight year, the Internal Revenue Service is expected to extend the tax deadline by at least a month, according to multiple reports.
Bloomberg, CNBC, the Wall Street Journal, and Washington Post all reported on Wednesday afternoon, March 17 that the IRS is expected to push the tax deadline until mid-May, not April 15, though no official statement has been made.
Tax season was delayed from the get-go as the IRS began to accept and process tax returns on Feb. 12, which was a two-week delay.
A filing extension would give taxpayers additional breathing room to meet their tax …
