Here's how likely millionaires are to be audited by the IRS
Although IRS critics raise concerns about onerous enforcement, high-income earners have little to fear, group finds.
Although IRS critics raise concerns about onerous enforcement, high-income earners have little to fear, group finds.
The thousands of pages of documents released by congressional Democrats paint a more detailed picture of former president Donald Trump's finances over a six-year period, including his time in the Oval Office. Steven Rosenthal, a senior fellow at the Urban-Brookings Tax Policy Center, joins CBS News to break down what the documents tell us.
The House Ways and Means Committee has released six years of tax returns from former President Donald Trump. CBS News legal contributor Jessica Levinson spoke with Lana Zak about the potential legal ramifications for Trump, this family and his businesses based on the newly public information.
House Democrats released six years of former President Trump's tax returns on Friday, in the culmination of a long battle that went all the way to the U.S. Supreme Court. CBS News' Skyler Henry reports from Capitol Hill, then CBS News chief election and campaign correspondent Robert Costa joins anchor Lana Zak to discuss the impact.
Most online sellers will be spared from tracking and reporting side-hustle income on their taxes for at least another year.
For tax year 2021, the Bidens owed an additional $13. It could have been waived, the White House said, "but they chose to pay."
The House Ways and Means Committee is expected to release six years' worth of former President Donald Trump's tax returns, after voteing Tuesday night along party lines in favor of making the documents public. Bloomberg congressional and tax reporter Laura Davison joins CBS News to discuss.
Max out contributions to your 401k, prune investments and make sure you've paid enough to reduce headaches in April.
The Democratic-controlled House Ways and Means Committee is expected to vote Tuesday on whether to publicly release years of the former president's tax returns.
Many Americans should brace for smaller refunds next April, since several pandemic relief programs are set to expire. CBS MoneyWatch associate managing editor Aimee Picchi joins "CBS News Mornings" with the latest.
Under new IRS rule, anyone who earned more than $600 this year by selling things online or doing gig work could face tax hit.
The Internal Revenue Service has announced several adjustments to account for the impact of inflation. These include higher federal income tax brackets and standard deductions for the year 2023. CBS News MoneyWatch associate managing editor Aimee Picchi joins the show to break down these forthcoming changes and more.
Tax agency will forgo some late fees for people who were affected by health crisis, with average refund of $750.
Case of Robert Brockman shows it's "shockingly easy" to avoid foreign-reporting laws, report finds.
The IRS is reviewing the safety at its facilities across the U.S., in response to increasing threats toward workers. Tony Reardon, the president of the National Treasury Employees Union, joins "Red and Blue" to speaks about the dangers.
The Internal Revenue Service says it is conducting a comprehensive review of safety at its facilities.
Inflation Reduction Act's $80 billion in IRS funding would come as the risk of getting audited is at a decade-long low.
National Taxpayer Advocate says delays in processing tax returns is causing financial hardship for many Americans.
The IRS is boosting audits on higher earners, with the audit rate jumping fourfold on filers earning more than $10 million.
Millions of Americans file returns after the Tax Day deadline. If you're in that group, here's what determines how much you'll owe.
As the deadline to file taxes approaches, the IRS continues to deal with a massive backlog and staffing shortages. Debra Alfarone reports.
The IRS is still working through a massive backlog of last year's tax returns, which could delay refunds for some this year. Paper returns have put a strain on processors. Scott MacFarlane takes a look.
There are only a few days left to gather your paperwork to file your 2021 taxes ahead of the deadline Monday, April 18, 2022. Professor Dorothy A. Brown, a tax law expert and author of "The Whiteness of Wealth: How the Tax System Impoverishes Black Americans - and How We Can Fix It," joined Lana Zak to talk about taking some of the pain out of the process.
Depending on how much you earned last year, you may pay taxes at different rates. Here's how to find out where you fall.
A three-year window to claim the money is about to close. After that, the refunds become the property of U.S. Treasury.
Powerful storms left a trail of devastation in their wake after spawning possible tornadoes in parts of Texas, Oklahoma and Arkansas overnight.
The Israeli strike came hours after Hamas claimed that it fired a barrage of rockets from Gaza toward central Israel for the first time in months.
The family of Grayson Murray said their son was loved and he is resting peacefully now.
A chaotic scene unfolded as former President Donald Trump took the stage, as Libertarians clashed with pro-Trump attendees throughout his speech.
The flight QR107, which landed in Dublin just before 1 p.m. local time, experienced turbulence while airborne over Turkey, Dublin Airport officials said in a statement.
The International Organization for Migration has increased its estimate of the death toll from a massive landslide in Papua New Guinea to more than 670.
Rep. Pat Ryan warned of Americans losing touch with "those that are fighting our wars and their families," saying "we have to figure out how to bring folks together, and get more folks serving."
A man in a New York City subway station was burned when police say a fellow rider doused him in flaming liquid that set his shirt on fire.
A person is facing charges after police said they attacked four girls at a movie theater in Braintree before stabbing two people at a McDonald's at a rest stop in Plymouth.
On this "Face the Nation" broadcast, Rep. Tony Gonzales and Transportation Secretary Pete Buttigieg join Margaret Brennan.
Josef Newgarden won the 2024 Indianapolis 500, becoming the first back-to-back winner in more than 20 years.
The family of Grayson Murray said their son was loved and he is resting peacefully now.
Rep. Pat Ryan warned of Americans losing touch with "those that are fighting our wars and their families," saying "we have to figure out how to bring folks together, and get more folks serving."
The National WWII Museum in New Orleans is in a race against time to preserve the stories of the men and women who fought in the war effort. Thanks to voice recognition software and AI, veterans will be able to "converse" with future generations.
The partnership between the two companies has ended, but card-holders can still use their Capital One Walmart Rewards cards.
The Transportation Security Administration said more than 2.95 million individuals were screened at airport checkpoints on Friday.
Royal Caribbean required Michigan man to pay his onboard medical bills in full as he was being evacuated urgently from ship.
"I could definitely see someone like Caleb Williams getting a $100,000 check, if not more," one expert said.
This Memorial Day weekend, breaking out the grill for the unofficial summer kickoff means contending with hotter prices.
On this "Face the Nation" broadcast, Rep. Tony Gonzales and Transportation Secretary Pete Buttigieg join Margaret Brennan.
The following is a transcript of an interview with Rep. Tony Gonzales, Republican of Texas, on "Face the Nation" that aired on May 26, 2024.
The following is a transcript of an interview with Sen. Chris Murphy, Democrat of Connecticut, on "Face the Nation" that aired on May 26, 2024.
Rep. Pat Ryan warned of Americans losing touch with "those that are fighting our wars and their families," saying "we have to figure out how to bring folks together, and get more folks serving."
The following is a transcript of an interview with Reps. Pat Ryan, Democrat of New York, and Mike Waltz, Republican of Florida, on "Face the Nation" that aired on May 26, 2024.
Spencer Wright's son, Levi Wright, has shown some progress since he was found unconscious in a river, his mother said.
Bird flu has been confirmed in dairy cattle herds in nine states, has been found in milk and has prompted the slaughter of millions of chickens and turkeys.
Royal Caribbean required Michigan man to pay his onboard medical bills in full as he was being evacuated urgently from ship.
At least six family members who shared a meal of bear meat that one of the family members had harvested earlier were subsequently infected with brain worms, the CDC reports.
Parents can spend more than $100 a month on diapers, a financial strain for millions of U.S. households.
The lucky picnickers were selected via a draw and provided with free baskets loaded with delicacies from some top Paris chefs, including puff pastries and creative sandwiches.
The flight QR107, which landed in Dublin just before 1 p.m. local time, experienced turbulence while airborne over Turkey, Dublin Airport officials said in a statement.
The Russian-born athlete says she cannot go home after condemning her country's invasion of Ukraine. More backlash was triggered in her homeland after announcing she was in a relationship with another woman.
The Israeli strike came hours after Hamas claimed that it fired a barrage of rockets from Gaza toward central Israel for the first time in months.
The International Organization for Migration has increased its estimate of the death toll from a massive landslide in Papua New Guinea to more than 670.
In the Off-Broadway comedy, Sedgwick plays the mother of a young disabled woman who is romantically involved with a disabled man.
For more than 40 years Emmy Award-winner Kyra Sedgwick has starred in films and on TV, including the series "The Closer," and has shared the world stage with her husband, fellow actor Kevin Bacon. Now, in the Off-Broadway comedy "All of Me," Sedgwick plays the mother of a young disabled woman who is romantically involved with a disabled man. Correspondent Mo Rocca talks with Sedgwick about the play she calls a "family dysfunction story," and with actors Madison Ferris and Danny J. Gomez, who say they like the play for not indulging in what's been called "inspiration porn."
"Sunday Morning" remembers some of the notable figures who recently left us, including stunt woman Susan Blacklinie, who played the first victim of the shark in Steven Spielberg's "Jaws."
She was a gun-toting goddess who made her name in blaxploitation films like "Coffy" and "Foxy Brown." But the action star was more than just proficient at taking down drug dealers; she also beat cancer.
She was a gun-toting goddess who made her name in blaxploitation films like "Coffy" and "Foxy Brown," and inspired director Quentin Tarantino to write a film especially for her. But action star Pam Grier proved to be more than just proficient at taking down drug dealers; she also beat cancer. The actress talks with correspondent Tracy Smith about starring in the Amazon Prime horror series "Them: The Scare," and why she agreed to work in a genre that she finds terrifying.
Dr. Sue Varma joins "CBS Mornings" to share her guidance on what the signs of tech addiction are, what parents should look out for with their kids, how tech addiction can be treated and how we can all maintain healthy boundaries with technology.
New legislation could hold people accountable who share non-consensual deepfake porn images online.
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.
Artificial intelligence can create fake images and videos of real people, including so-called deepfake porn. Congress is now considering a bill to make it illegal to share those images, exposing those who post deepfake porn to jail time and a hefty fine. There were more than 21,000 deepfake porn videos online last year.
Amazon's Alexa voice assistant is getting an upgrade to make it more conversational and intuitive as Amazon tries to compete with newer chat models introduced by Google and OpenAI. Eugene Kim, chief technology correspondent for Business Insider, joined CBS News to discuss the changes.
One million species worldwide are threatened with extinction, according to the United Nations. One of the reasons is climate change. As dire as it sounds, there are many communities working to protect the Earth and those threatened species.
Shining galaxies, a purple and orange star nursery and a spiral galaxy are among the new images.
New research indicates the sun's magnetic field originates much closer to the surface than previously thought, a finding that could help predict extreme solar storms.
The National Oceanic and Atmospheric Administration released new 2024 weather outlooks for the summer. CBS News Chicago meteorologist David Yeomans breaks down how the predictions may be connected to climate change.
The Environmental Protection Agency is urging water systems to take immediate actions to protect the nation's drinking water from cyberattacks. CBS News homeland security and justice reporter Nicole Sganga joins to discuss.
A man in a New York City subway station was burned when police say a fellow rider doused him in flaming liquid that set his shirt on fire.
A sinister story has gripped part of Ohio for decades with small-town intrigue, a flood of threatening letters, a booby trap and an attempted murder.
A New Mexico judge on Friday denied a request from actor Alec Baldwin to dismiss an involuntary manslaughter charge brought against him in connection with the 2021 fatal shooting of cinematographer Halyna Hutchins on the set of the film "Rust." Jonathan Vigliotti has details.
Four years after George Floyd was murdered by a Minneapolis police officer, momentum in Washington to pass sweeping reform in the Minnesota man's name has almost faded away completely. Taurean Small explains.
Two American missionaries were among three people killed in Haiti in an apparent gang attack. Two of the victims were the daughter and son-in-law of Missouri state Rep. Ben Baker. Jacqueline Charles, Haiti and Caribbean correspondent for the Miami Herald, joins CBS News with more.
Engineers are confident the leak will not worsen in flight, and even if it does, the Starliner can safely launch June 1.
The orbits of six planets will bring them to the same side of the sun to create a "planetary parade" in early June.
Shining galaxies, a purple and orange star nursery and a spiral galaxy are among the new images.
NASA managers have ordered additional reviews of a small helium leak in Boeing's Starliner spacecraft to make sure it can be safely launched as is.
May's full moon will peak on Thursday morning, but the Flower Moon already appears full.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Forrest Fenn hid a treasure somewhere in the Rocky Mountains. Five men died searching for it.
An anonymous letter writer terrorizes a small town, threatening to expose their rumored dark secrets.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
For this edition of "The Takeout," Major Garrett sits down with authors Brody and Luke Mullins to discuss their new book, "The Wolves of K Street." The book argues that decades of lobbying members in Congress has not resulted in decisions benefitting the general public.
Scientists have spent decades studying rhesus macaques on the remote Monkey Island. They're learning how the stress of environmental crises, like hurricanes, impact the monkeys.
First, a look at a marine sanctuary protecting sperm whales. Then, a report on Hurricane Maria’s impact on Monkey Island. And, learning how sloths survive as nature’s couch potato.
Every year, the Italian village of Montebuono honors the lives of 8 U.S. troops who were killed by the Nazis during World War II. Chris Livesay met with the family of one of those Americans as the city marks 80 years since the escaped prisoners of war were killed.
Many younger congressional staffers and interns are the people who end up manning the phones and social media accounts when the public calls in or posts threats. Scott MacFarlane takes a look at how they handle these threats.