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Stories Tagged as

Taxes

IRS tells payment apps to report business transactions over $600

by Kristin Schwab
Jan 7, 2022
The threshold used to be much higher.
As the number of self-employed workers expands, the IRS is requiring online payment platforms like PayPal to report transactions greater than $600. The threshold used to be $20,000.
Eric Piermont/AFP via Getty Images
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Being single in the U.S. comes at a cost

by Reema Khrais and Andie Corban
Dec 22, 2021
Author Anne Helen Petersen compares being single in the United States to living in a hostile climate like the Arctic.
"Nearly 40% of the population is either single or a single parent, and the ways in which people are falling through these social safety nets” demonstrates the need for change, said author Anne Helen Petersen.
Leon Neal via Getty Images
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I've Always Wondered ...

How do states without a sales tax or income tax pay for government services?

by Janet Nguyen
Nov 11, 2021
Only two states — Alaska and New Hampshire — have foregone both of these taxes.
A landscape view of Alaska, which is one of only two states that has neither a sales tax nor an income tax.
mantaphoto/Getty Images
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What's the best way to get tax cheaters to pay up?

by Amanda Peacher
Oct 20, 2021
Democrats are revising the threshold for monitoring bank deposits and withdrawals. But would a strained IRS be up to the task?
Democrats are scaling back their proposal to expand IRS crackdowns in an effort to target wealthier tax evaders.
Chip Somodevilla via Getty Images
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How the Pandora Papers show the U.S. has become the tax haven for the global elite

by Amy Scott and Andie Corban
Oct 4, 2021
Dominic Rushe of the Guardian outlines the financial and geopolitical implications of the Pandora Papers.
Among other things, the documents known as the Pandora Papers reveal the fast growth of special trusts in South Dakota, directly tied to the easing of restrictions, says the Guardian’s Dominic Rushe.
Loic Venance/AFP via Getty Images
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From taxes to the drug trade, how the Taliban paid its way

by Sabri Ben-Achour
Aug 16, 2021
The Taliban has taxed everything from government projects to international trade.
An Afghan opium poppy farmer at work in 2011. While the Taliban receives income from taxing opium, most of its recent income has come from taxes on legal goods.
Bay Ismoyo/AFP via Getty Images
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Your tax refund may take a bit longer this year

by Nancy Marshall-Genzer
May 17, 2021
Taxes got extra complicated in 2020, and the IRS has a backlog of 30 million returns that need a manual review.
Chip Somodevilla/Getty Images
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Some will get refunds on taxes they paid on unemployment benefits ... eventually

by Nancy Marshall-Genzer
Apr 2, 2021
The IRS says the process of recalculating taxpayer returns will stretch into the summer.
It's a messy year for the IRS, taxpayers and tax preparers.
Saul Loeb/AFP via Getty Images
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COVID-19

Your tax questions, answered

by Janet Nguyen
Mar 30, 2021
Up to $10,200 in unemployment benefits is tax-free. What do you do if you already filed your return?
altanakin/Getty Images
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Shelf Life

Is the tax code racist?

by Dorothy Brown
Mar 23, 2021
Professor Dorothy Brown of Emory University became a "detective," searching for data on how the tax code impacts Black Americans.
Chip Somodevilla/Getty Images
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