taxes

Why you need a strategy when it’s time to claim Social Security benefits

Social Security taxes start automatically the day you start working. But when the time comes you have got to file an application to get your benefits.

Retirement

IRS gets $1B funding increase in draft FY 2023 bill from House appropriators

Budget

IRS looks to automate how it processes paper tax returns to tackle its backlog

IT Modernization

FILE - This Jan. 28, 2021, file photo shows a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak is seen in San Antonio. President Joe Biden has proposed more than $3 trillion worth of revenue increases, primarily through higher taxes for corporations and the country's richest households as well as greater IRS enforcement that would target the wealthy. But key lawmakers voiced doubts this week about the size and possible impacts on the economy as congressional committees weighed the measures and a wide array of business groups sifted through the details to highlight what they oppose. (AP Photo/Eric Gay, File)

IRS plans to hire staff to tackle backlog faster, but struggles on competitive pay

Workforce

FILE - In this photo March 22, 2013, photo, the exterior of the Internal Revenue Service (IRS) building in Washington. The IRS sys it will stop using facial recognition technology to authenticate people who create online accounts after the practice came under criticism from privacy advocates and lawmakers (AP Photo/Susan Walsh, File)

IRS plans to hire 10,000 workers to relieve massive backlog

Workforce

FILE - In this March 22, 2013 file photo, the exterior of the Internal Revenue Service building in Washington. As millions of Americans file their income tax returns, their chances of getting audited by the IRS have rarely been so low. The number of people audited by the IRS last year dropped for the sixth straight year, to just over 1 million. The last time so few people were audited was 2004, when the population was significantly smaller. (AP Photo/Susan Walsh, File)

IRS ‘struck a nerve’ with facial recognition, but pieces missing in fight against fraud

Agency Oversight

Chairman Sen. Gary Peters, D-Mich., speaks during a Senate Governmental Affairs Committee hybrid nominations hearing on Capitol Hill in Washington, Thursday, April 22, 2021, to consider the nominees for Postal Service Governors Anton Hajjar, Amber McReynolds, and Ronald Stroman, along with Kiran Ahuja, the nominee to be Office of Personnel Management Director. (AP Photo/Andrew Harnik)

IRS gearing up for next filing season but still dealing with 6M tax return backlog

Management

FILE - In this Feb. 9, 2021, file photo provided by the Department of Defense, Hickam 15th Medical Group hosts the first COVID-19 mass vaccination on Joint Base Pearl Harbor-Hickam. Military service members must immediately begin to get the COVID-19 vaccine, Defense Secretary Lloyd Austin said in a memo Wednesday, Aug. 25, 2021, ordering service leaders to “impose ambitious timelines for implementation.” (U.S. Air Force Tech. Sgt. Anthony Nelson Jr./Department of Defense via AP)

Just how many vaccine exemptions has the military given out?

In today’s Federal Newscast, we get a look at just how many COVID-19 vaccine exemptions the military is allowing.

Federal Newscast

FILE - In this April 13, 2014 file photo, the Internal Revenue Service Headquarters (IRS) building is seen in Washington. More than 50 of the largest U.S. companies paid nothing in federal income taxes last year, even though they reported big pretax profits as a group. That's according to the Institute on Taxation and Economic Policy, a group that believes the tax system needs to raise more revenue. (AP Photo/J. David Ake, File)

More resources for IRS won’t fix decade of problems ‘overnight’ — but it’s a start

By investing $80 billion in the IRS over the next decade, the White House expects the agency can collect an additional $700 billion over the same period…

Agency Oversight

Taxes can trip up a Treasury secretary too!

Federal Report

Filing your taxes is never a fun experience, but it’s critical that you do it, and do it accurately. We have you covered with advice from estate and tax attorney Tom O’Rourke.