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The IRS is cracking down on a tax loophole for wealthy taxpayers
The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.
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The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.
Millions of Americans could owe money to the IRS on June 17, with fines for missing payment on the rise.
Millions of Americans filed their taxes during the last two weeks of this year's tax season. Here's how to find out when you'll get your refund.
Americans have until April 15 to file their taxes or file an extension. If you live in Maine or Massachusetts, you have until April 17. An expert offers some last-minute tips if you still have to file.
As the tax season progresses, the IRS reports having received over 71.5 million tax returns, already issuing more than 49 million refunds to Americans. With the average refund amounting to $3,109, CBS News business analyst Jill Schlesinger offers advice on how Americans can make the most of their tax refund.
Congress has until the end of Friday to reach a deal to avoid a partial government shutdown. If lawmakers fail to do so, funding for several departments, including Homeland Security and the IRS, will run out. CBS News congressional correspondent Scott MacFarlane has the latest on where talks stand.
The IRS said it will begin dozens of audits on businesses' private jets and whether executives use them for personal reasons.
The IRS says tax revenues will rise by as much as $561 billion over the next decade due to funding from the Inflation Reduction Act.
Tax season is officially underway. The Internal Revenue Service says they're anticipating more than 146 million individual tax returns to be filed by the April 15 deadline. CBS News business analyst Jill Schlesinger shares some useful tax tips for filers.
The end of the year means it's time to start looking ahead to tax season. Dan Geltrude, certified public accountant, joins CBS News to share steps you can take now to set yourself up for an easier time come April.
An indictment unsealed late Thursday accuses Hunter Biden, the president's son, of a four-year scheme to avoid paying more than $1 million in taxes to the IRS. CBS News senior investigative correspondent Catherine Herridge reports. Then, former Trump attorney Timothy Parlatore joins to unpack the case.
This week, two IRS whistleblowers in the Hunter Biden investigation testified behind closed doors on Capitol Hill and new documents were released by the GOP-led House Ways and Means Committee. CBS News senior investigative correspondent Catherine Herridge spoke with the whistleblowers.
Federal prosecutors have charged Hunter Biden, President Biden's son, with tax crimes in a nine-count indictment. CBS News senior investigative correspondent Catherine Herridge reports.
Federal prosecutors have charged Hunter Biden, President Biden's son, with nine tax crimes, according to an indictment unsealed Thursday in the Central District of California. CBS News chief political analyst John Dickerson anchors special coverage.
Two IRS whistleblowers in the Hunter Biden investigation testified behind closed doors on Capitol Hill this week. CBS News senior investigative correspondent Catherine Herridge has the details.
The $14.5 billion military aid package for Israel passed in the House of Representatives Thursday is not expected to be considered by the Senate. CBS News congressional correspondent Scott MacFarlane reports on what this means for Israeli and U.S. priorities in the Middle East.
Hunter Biden has filed a lawsuit against the IRS alleging privacy violations. The complaint cites an IRS whistleblower's interview on CBS News as well as with other outlets. CBS News senior investigative correspondent Catherine Herridge reports.
Hunter Biden is suing the IRS, claiming the agency illegally disclosed his tax return. The lawsuit cites an interview an IRS supervisor did with CBS News. Biden's filing also says proper safeguards were not in place to ensure confidentiality.
The federal judge overseeing the Hunter Biden case raised questions Wednesday about the terms of a plea agreement made in June between Biden's lawyers and federal prosecutors. Without the judge's stamp of approval on the deal, the president's son pleaded not guilty to two misdemeanor tax charges. CBS News senior investigative correspondent Catherine Herridge joined with details from inside the Delaware courthouse.
A first-of-its-kind study finds strong correlations between married couples' name order, their finances and social views.
A group of Republican senators and representatives said IRS officials violated "anti-gag" rules that protect federal employees.
The president's son -- Hunter Biden -- has agreed to a federal plea deal that will likely mean he will not have to go to prison. According to a court filing made public Tuesday by the Justice Department, Biden will plead guilty to two misdemeanor tax charges. CBS News investigative correspondents Catherine Herridge and Jim Axelrod join with the latest.
The whistleblower connected to the Hunter Biden tax investigation said he became so concerned about prosecutors' handling of the investigation, he felt duty-bound to report it.
After years of abject performance, the tax agency is finally making significant strides — no, really.
An attorney for an IRS agent sent a letter to lawmakers asking for whistleblower protections, writing his client has information suggesting an investigation is being influenced by "preferential treatment and politics." CBS News has learned it is the Hunter Biden tax investigation. Chief investigative correspondent Jim Axelrod reports.
Banks, airlines and other Microsoft clients grappled with global outages due to a CrowdStrike software issue.
More than two dozen House Democrats and three senators have now called on President Biden to end his reelection bid.
The Wall Street Journal calls reporter Evan Gershkovich's conviction on spying charges in Russia "bogus," but it may clear the way for a prisoner swap.
The Microsoft outage on Friday caused many PCs to display an error message nicknamed the "blue screen of death."
The boat, carrying more than 80 people, was en route to the Turks and Caicos Islands, officials said.
Although Donald Trump vows to bring U.S. prices down "very quickly," some economists say his policies could rekindle inflation. Here's what to know.
The judge ruled that two social media posts targeting Meloni by journalist Giulia Cortese amounted to "body shaming."
The outages Friday were connected to "a defect found in a single content update for Windows hosts," CrowdStrike CEO George Kurtz said in a statement.
The full moon, also known as the Thunder Moon, will last three days, peaking on Sunday morning.
"Great scans, everything was clear. Cancer-free,"19-year-old Isabella Strahan said after a battle with medulloblastoma, a malignant brain tumor.
The House Oversight Committee refused to push back the date of U.S. Secret Service Director Kimberly Cheatle's testimony.
The full moon, also known as the Thunder Moon, will last three days, peaking on Sunday morning.
These five tips from CBS News Confirmed will help you determine what to trust.
Experts say not enough is yet known about the parents of gunman Thomas Matthew Crooks, who have been cooperating with investigators.
The Microsoft outage on Friday caused many PCs to display an error message nicknamed the "blue screen of death."
Experts say the increasing demand for energy in the U.S. is forecast to hit a record high this year.
The outages Friday were connected to "a defect found in a single content update for Windows hosts," CrowdStrike CEO George Kurtz said in a statement.
Customers expecting deliveries on Friday could face a wait following a software outage that's impacting flights across the globe.
More than 1,000 flights had been canceled in the U.S. as of Friday morning, and airlines are warning of disruptions throughout the day.
The House Oversight Committee refused to push back the date of U.S. Secret Service Director Kimberly Cheatle's testimony.
Experts say not enough is yet known about the parents of gunman Thomas Matthew Crooks, who have been cooperating with investigators.
More than two dozen House Democrats and three senators have now called on President Biden to end his reelection bid.
Republicans were once the party of Obamacare repeal and abortion opposition. They've said little about either issue in Milwaukee.
Weisselberg was sentenced in April to five months in Rikers Island, in line with a plea agreement over his alleged perjury in a 2023 civil fraud case.
"Great scans, everything was clear. Cancer-free,"19-year-old Isabella Strahan said after a battle with medulloblastoma, a malignant brain tumor.
Republicans were once the party of Obamacare repeal and abortion opposition. They've said little about either issue in Milwaukee.
The now-recalled Diamond Shruumz gummies had been sold legally, but testing found they contained an illegal controlled substance.
Citing suspected links to a listeria outbreak, Canada's health agency has issued a recall notice for 18 plant-based drinks sold under the Silk and Great Value brands.
President Biden has tested positive for COVID-19, prompting an array of questions about his health and condition. Here's what we know so far.
The judge ruled that two social media posts targeting Meloni by journalist Giulia Cortese amounted to "body shaming."
The boat, carrying more than 80 people, was en route to the Turks and Caicos Islands, officials said.
The full moon, also known as the Thunder Moon, will last three days, peaking on Sunday morning.
Gymnast Shoko Miyata, 19, left Japan's training camp in Monaco after an investigation found she allegedly violated the Japan Gymnastics Association's rules on drinking alcohol and smoking.
The drug ring would appeal to a witchdoctor "to receive his blessing and for the success of its cocaine transportation," police said.
After the success of "Heat Waves," Dave Bayley opens up about his struggles and the creative process behind Glass Animals' new album, "I Love You So F***ing Much."
Glass Animals, famed for their hit "Heat Waves," recently released their latest album. Anthony Mason catches up with the band in London, revisiting the street where their success story started.
Sarah Gelman, editorial director for Amazon Books, joins "CBS Mornings" with must-read book recommendations for the summer.
Shannen Doherty had accused Kurt Iswarienko of prolonging the divorce so he didn't have to pay spousal support.
Bob Newhart, a groundbreaking standup who became a sitcom star, died Thursday at 94. Starting in the 1960s, he was hugely popular, first with his best-selling comedy albums, then on the CBS comedies that bore his name. His work influenced generations of comedians.
The Microsoft outage on Friday caused many PCs to display an error message nicknamed the "blue screen of death."
The outages Friday were connected to "a defect found in a single content update for Windows hosts," CrowdStrike CEO George Kurtz said in a statement.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
A worldwide computer outage, centered on Microsoft, has grounded flights and disrupted businesses. Some TV channels have been knocked off the air as IT experts scramble to fix it.
New York Times technology reporter Adam Satariano explains the impact and risks of the computer outage that is centered on Microsoft and what users can expect.
Experts say the surging demand for energy in the U.S. is forecast to hit record-highs both this year and next year, straining the country's aging power grid and creating more planet-warming emissions. Part of the demand is from a growing number of data centers across the nation and the rise of artificial intelligence.
The melting of glaciers and polar ice sheets causes water to move closer to the equator, fattening the planet and slowing its rotation, according to a recent study.
Spade-toothed whales are the world's rarest, with no live sightings ever recorded. Until, perhaps, now. One may have washed up onto a New Zealand beach.
Symptoms among the new bird flu cases included "fever, chills, coughing and sore throat/runny nose," alongside pink eye and eye tearing, a CDC spokesperson confirmed Monday.
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
The drug ring would appeal to a witchdoctor "to receive his blessing and for the success of its cocaine transportation," police said.
John Carter was charged with two counts of murder in relation to the death of his fiancée Katelyn Markham.
Weisselberg was sentenced in April to five months in Rikers Island, in line with a plea agreement over his alleged perjury in a 2023 civil fraud case.
A man who authorities have described as a dangerous pedophile was arrested in Georgia, nearly 30 years after he fled an Oregon prison.
Sonya Massey was killed after Sangamon County deputies responded to her 911 call about an intruder early on July 6, officials said.
NASA says the Deorbit Vehicle will drive the lab to a controlled re-entry and breakup in 2030 to close out three decades of operation.
Rain already falls on Venus, but it took more than 14 minutes for Missy Elliott's The Rain (Supa Dupa Fly)" to reach the planet.
It has been two years since NASA's James Webb telescope gave us a stunning first look at the depth of our universe. To commemorate the achievement, NASA has released new images showing two distant galaxies interacting with each other. Jane Rigby, astrophysicist and a senior project scientist for the Webb telescope at NASA, joins CBS News to discuss.
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
SpaceX's Falcon 9 rocket suffered a catastrophic engine failure as it launched a batch of Starlink satellites into orbit Thursday night, the first time in nearly a decade the rocket has failed. CBS News space consultant Bill Harwood has more on that and the latest images from the James Webb Space Telescope.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
Industries and individuals relying on Microsoft software around the world suffered an outage Friday caused by a technical problem that global cybersecurity firm CrowdStrike said it had identified in its software and deployed a fix for. CrowdStrike provides antivirus software to Microsoft for its Windows devices. Tony Anscombe, chief security evangelist for ESET, joined CBS News to discuss the issues.
Caitlin Clark and Angel Reese will join forces Saturday as a team of WNBA All-Stars battle the USA Basketball Women's National Team. Women's basketball analyst and insider Khristina Williams joined CBS News to discuss the game.
President Biden's doctor says his COVID-19 symptoms are mild, but as he isolates in Delaware, he's still facing growing calls from Democratic lawmakers to end his reelection bid over concerns about his age and campaign viability. CBS News senior White House correspondent Weijia Jiang has more.
A law enforcement source confirmed to CBS News that before the assassination attempt against former President Donald Trump, the father of the gunman called police, concerned about his son and his whereabouts. CBS News correspondent Charlie De Mar has the latest on the investigation.
A funeral is being held Friday for Corey Comperatore, the former fire chief who was killed while shielding his family from gunfire during the attempted assassination of former President Donald Trump last Saturday. CBS News reporter Amelia Mugavero has more.