IRS says it has clawed back $1 billion from millionaire tax cheats
The IRS says its push to step up audits on wealthy tax cheats is paying off, with the agency recovering more than $1 billion.
The IRS says its push to step up audits on wealthy tax cheats is paying off, with the agency recovering more than $1 billion.
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.
Students currently looking for jobs in the summer should also plan for their future financial standing points. CBS News Business Analyst Jill Schlesinger advises young workers to also plan for retirement and how to budget their Summer earnings financially. (05-30-2024) Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
The California Supreme Court is weighing whether to remove a measure from the November ballot that would make it harder for the state and local governments to raise taxes.
The IRS is tapping Inflation Reduction Act funding to hire more agents and go after more tax cheats. Here's where it is focusing.
Sonoma County supervisors on Tuesday took the unusual step of voting to reduce taxes on cannabis production, recognizing that the industry has hit hard times.
People who are waiting until the last minute to file taxes have until 11:59 p.m. on April 15, unless they have been granted an extension.
Two groups of taxpayers are more likely to face an IRS audit than other Americans, and it's only high income earners.
Raging inflation has also driven up property taxes, with homeowners in some states getting socked with double-digit increases.
On Saturday, the IRS opened up special Taxpayer Assistance Centers across the state which include three Bay Area locations.
President Joe Biden's proposed 2025 budget outlines a range of tax breaks geared to both individuals and families.
The White House is proposing a "mortgage relief credit" that would give homebuyers an annual tax credit of $5,000 for two years.
An owner of a Fremont manufacturing company was sentenced to 10 months in prison last week for submitting false tax returns, federal prosecutors said.
After almost one month of tax filing, Americans are seeing bigger tax refunds, according to IRS data. Here's what to expect.
Airbnb says that it lost $349 million in the fourth quarter because of an income tax settlement with Italy.
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.
The IRS opened for filing on January 29. Here's what to expect with your tax refund, from how much you'll get to when you'll get it.
Hunter Biden is expected to plead not guilty to federal tax charges in a Los Angeles courtroom Thursday. The president's son was indicted on nine felony and misdemeanor tax-related offenses last month. He's accused of skipping out on paying $1.4 million to the IRS. CBS News senior investigative correspondent Catherine Herridge is outside the court.
Raising the price of sugar-sweetened drinks by an average of 31 percent reduced consumer purchases of those drinks by a third, according to a new analysis.
A federal grand jury in California has indicted Hunter Biden, son of President Biden, on nine counts of tax crimes, three felonies and six misdemeanors. Catherine Herridge has details.
The IRS is rolling out new income thresholds for its seven tax brackets, boosting the limits to reflect inflation this year.
The IRS is set to announce new tax bracket thresholds for the 2024 tax year. One expert says to expect a 5.4% increase from last year.
Californians who live in counties that were affected by the winter storm's are getting another extension on their 2022 federal taxes.
Starting next year, people who want to buy a new or used electric or plug-in hybrid vehicle will be able to get U.S. income tax credits at the time of purchase.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
The DNC sent a letter to the convention rules committee saying that "no virtual voting will begin before August 1."
Through a ride-sharing app, San Mateo police were able to arrest a man accused of robbing a check-cashing business in June.
Growing share of Americans say they have skipped medical care or getting prescription drugs because of the cost.
Emeryville and Berkeley police are seeking more alleged victims after a man was taken into custody on suspicion of child sexual assault last week.
Through a ride-sharing app, San Mateo police were able to arrest a man accused of robbing a check-cashing business in June.
Growing share of Americans say they have skipped medical care or getting prescription drugs because of the cost.
Emeryville and Berkeley police are seeking more alleged victims after a man was taken into custody on suspicion of child sexual assault last week.
Almost 80 years after the Port Chicago explosion, there is a push to rectify a terrible wrong and recognize the heroism and courage of Black sailors.
President Biden is considering proposals to reform the Supreme Court, CBS News has learned.
Through a ride-sharing app, San Mateo police were able to arrest a man accused of robbing a check-cashing business in June.
Almost 80 years after the Port Chicago explosion, there is a push to rectify a terrible wrong and recognize the heroism and courage of Black sailors.
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
Police in San Francisco on Tuesday asked for the public's help identifying a man who was recently captured on video blocking a Waymo vehicle before he allegedly assaulted a "cognitively impaired" person, leaving the victim hospitalized with life-threatening injuries.
Millbrae citizens, angry over the potential conversion of a hotel into a permanent supportive housing project, are in the middle of a special election that could recall two councilmembers who support it.
Emeryville and Berkeley police are seeking more alleged victims after a man was taken into custody on suspicion of child sexual assault last week.
Almost 80 years after the Port Chicago explosion, there is a push to rectify a terrible wrong and recognize the heroism and courage of Black sailors.
The Alameda County Coroner identified four of the five victims allegedly killed by an Alameda man on July 10.
Three death row inmates have been resentenced, Alameda County District Attorney Pamela Price announced Tuesday afternoon.
A new free ferry service linking Jack London Square in Oakland to a shopping center in nearby Alameda is set to launch on Wednesday, officials said.
Police in San Jose on Tuesday released the grim news that the father of three-year-old Ellie Lorenzo, who went missing while in his custody last week, is believed to have killed his daughter before taking his own life.
Monterey County District Attorney Jeannine Pacioni announced charges Tuesday for the 1991 cold case killings of an elderly woman and her son-in-law in Prunedale.
Two earthquakes were recorded early Tuesday morning near Gilroy, according to the US Geological Survey.
On a warm summer day at an East San Jose housing complex, Ayesha Charagulla is working to bridge the gap between privilege and poverty in Silicon Valley.
Police in Palo Alto are searching for two suspects after an elderly woman reported her necklace was stolen while she was taking a walk over the weekend.
The paid caretaker of an elderly North Bay woman was arrested after raping the woman and assaulting her adult daughter who had arrived home to find the sexual assault in progress, authorities said Tuesday.
A Santa Rosa man was arrested Monday following a series of fires last week that police said were sparked by illegal fireworks.
Authorities in Mendocino County are investigating after a Caltrans electronic highway sign was tampered with so it displayed a virulently racist message to drivers over the weekend.
One of the two Americans convicted in the 2019 stabbing death of an Italian plainclothes police officer has been granted house arrest.
Prosecutors allege that a driver who fatally hit a Vacaville police officer last week intentionally ran him down, and filed murder charges that include killing an officer while he was on duty.
A new artificial turf surface at the Oakland Athletics' temporary home in Sacramento will have a hydration element because of summer heat at the open-air ballpark.
A person familiar with the negotiations tells The Associated Press that star wide receiver Brandon Aiyuk has requested a trade from the San Francisco 49ers because the two sides haven't made progress on a new deal.
Joe "Jellybean" Bryant, a former Philadelphia 76ers and La Salle University basketball great and the father of the late, NBA legend Kobe Bryant, has died. He was 69.
Fresno State football coach Jeff Tedford says he's stepping down because of health concerns.
The 24th Annual Kahuna Kupuna Benefit Surf Contest recently took place in Pacifica to celebrate the talents of older surfers.
Through a ride-sharing app, San Mateo police were able to arrest a man accused of robbing a check-cashing business in June.
Emeryville and Berkeley police are seeking more alleged victims after a man was taken into custody on suspicion of child sexual assault last week.
The Alameda County Coroner identified four of the five victims allegedly killed by an Alameda man on July 10.
Three death row inmates have been resentenced, Alameda County District Attorney Pamela Price announced Tuesday afternoon.
Police in San Jose on Tuesday released the grim news that the father of three-year-old Ellie Lorenzo, who went missing while in his custody last week, is believed to have killed his daughter before taking his own life.
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
On a warm summer day at an East San Jose housing complex, Ayesha Charagulla is working to bridge the gap between privilege and poverty in Silicon Valley.
OpenAI whistleblowers have filed a complaint with the Securities and Exchange Commission and asked the agency to investigate whether the company illegally restricted workers from speaking out about the risks of its artificial intelligence technology.
San Francisco, Oakland and Fremont were awarded a combined $32 million from the California Public Utilities Commission last week to expand internet access to underserved communities.
East Palo Alto is looking to join the growing list of Bay Area cities with license-plate-reading cameras installed by law enforcement. The mayor and police chief believe these cameras will also help East Palo Alto improve its reputation.
Growing share of Americans say they have skipped medical care or getting prescription drugs because of the cost.
A UC Davis researcher spoke about what causes heart failure, what fixes it, and how that could be different for men and women.
Nationwide, the CDC says the COVID virus level in wastewater is now "high" for the first time since last winter.
The City of Berkeley failed to complete over two-thirds of mandatory restaurant inspections last year, an auditor's report revealed Wednesday.
State water officials have issued a "danger" advisory at multiple locations in Discovery Bay after finding evidence of harmful algae blooms.
The DNC sent a letter to the convention rules committee saying that "no virtual voting will begin before August 1."
One California lawmaker called out Musk for his announcement that he will move his companies to Texas, while another lawmaker agreed with the billionaire's concerns.
President Biden is considering proposals to reform the Supreme Court, CBS News has learned.
At its meeting on Tuesday, the San Francisco Board of Supervisors were considering a new ordinance to ban an industry algorithm that some say is artificially causing apartment rental rates to skyrocket.
CBS News is fact checking statements made by GOP speakers on the second night of the 2024 RNC, where Donald Trump will become the GOP presidential nominee.
California Gov. Gavin Newsom has signed a law barring school districts from passing policies requiring schools to notify parents if their child asks to change their gender identification.
San Leandro is hosting its first Pride celebration and organizers spoke to KPIX about the decision to launch the celebration now.
One San Francisco bookstore is fighting book bans by shipping LGBT+ books to directly the Deep South for free.
Public health officials came armed with a serious message for Pride Month: Get vaccinated against mpox.
Thousands of people gathered on Sunday in downtown San Francisco to celebrate the annual Pride Parade supporting the LGBTQ community.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.
After many people criticized Andress' rendition of the National Anthem online, comparing her with Fergie, the singer says she's going to rehab.
Police in Santa Clara on Monday issued a traffic advisory for Wednesday night's Rolling Stones concert being held at Levi's Stadium.
The son of Afrobeat pioneer Fela Kuti, Seun Kuti brings his band Egypt 80 to the SFJAZZ Center for two nights beginning Thursday.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
Wednesday 7 a.m. news update from KPIX
Zoe Mintz says after a few days of seasonal normal temperatures, another mini heat wave is headed our way. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Kelsi Thorud reports on San Francisco Skate Week. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Devin Fehely reports on call for the "Port Chicago 50" to be recognized as heroes for protesting dangerous conditions that caused the Port Chicago disaster in 1944.
Jose Martinez reports on the search for the man who attacked a bystander after being told to let a Waymo car pass. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Now into its second decade, a San Francisco nonprofit has been giving inner city kids free surfing lessons. For many, it's their first time in the ocean.
A woman who experienced bullying as a middle school student has spent the last 22 years giving young people a safe place to belong and grow.
More than three million people in the US live with epilepsy, according to the CDC. One Santa Rosa filmmaker is working to make sure they are seen and heard.
A San Pablo no-kill shelter that's considered a last resort for animals is scrambling to find an affordable new home quickly.
A San Francisco man has helped his nonprofit take fundraising to the next level so that more underserved children can build life skills while playing sports.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.
A onetime pupil has now become a student advisor, giving back after years of mentorship led him to success.
Police departments all over the country are having a hard time finding new officers, but one Bay Area student is criss-crossing the world while preparing for a career in law enforcement here at home.