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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.
Former U.N. Ambassador Nikki Haley and Florida Gov. Ron DeSantis endorsed former President Donald Trump at the Republican National Convention in Milwaukee.
President Biden is considering proposals to reform the Supreme Court, CBS News has learned.
The FBI is investigating whether the shooter was a politically motivated homegrown domestic violent extremist, and investigators are combing through his background.
"Donald Trump has my strong endorsement," Nikki Haley said in her speech at the Republican National Convention on the second night of the RNC.
U.S. intelligence recently detected an Iranian plot against former President Donald Trump, two U.S. officials tell CBS News.
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.
There had been a brief hiatus in the growing calls by House Democrats for a new nominee after Saturday's attempt on Donald Trump's life, but that seems to have ended.
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.
The argument date means any prosecution of Trump will remain on hold until 2025.
The FBI is investigating whether the shooter was a politically motivated homegrown domestic violent extremist, and investigators are combing through his background.
Thousands of officers from multiple jurisdictions are in Milwaukee providing additional security for the convention.
Former U.N. Ambassador Nikki Haley and Florida Gov. Ron DeSantis endorsed former President Donald Trump at the Republican National Convention in Milwaukee.
"Donald Trump has my strong endorsement," Nikki Haley said in her speech at the Republican National Convention on the second night of the RNC.
The U.S. has contended with unrelenting temperatures this summer, and a map from NASA paints a dire picture of the scale of those persistent heat waves.
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.
Amazon's Prime Day, which generated $12.7 billion in sales in 2023, can also lead to more worker injuries, a Senate probe finds.
A larger stock of smaller homes could mean more budget-friendly options for buyers.
Apple users can now download an early version of a new iPhone operating system that will be officially released this fall.
JD Vance, who grew up poor in Ohio but later became a millionaire venture capitalist, aligns closely with Donald Trump on issues like trade and jobs.
The FBI is investigating whether the shooter was a politically motivated homegrown domestic violent extremist, and investigators are combing through his background.
Thousands of officers from multiple jurisdictions are in Milwaukee providing additional security for the convention.
Former U.N. Ambassador Nikki Haley and Florida Gov. Ron DeSantis endorsed former President Donald Trump at the Republican National Convention in Milwaukee.
"Donald Trump has my strong endorsement," Nikki Haley said in her speech at the Republican National Convention on the second night of the RNC.
President Biden is considering proposals to reform the Supreme Court, CBS News has learned.
Amazon's Prime Day, which generated $12.7 billion in sales in 2023, can also lead to more worker injuries, a Senate probe finds.
A new rankings list from U.S. News & World Report aims to highlight the top ranked hospitals for different specialized care needs, from cancer to cardiology.
14 students from a Tokyo high school were rushed to a hospital after eating chips marketed as "so spicy that they might cause you pain."
Rite Aid, which has already closed hundreds of stores, is shutting more locations in Michigan and Ohio.
Fitness guru Richard Simmons, who helped millions lose weight by preaching the value of exercise and movement, died Saturday, July 13, 2024, at age 76. In this November 30, 2003 commentary recorded for "Sunday Morning," Simmons offered his advice on dealing with holiday feasts, diets, and the benefits of "moving and grooving."
Two U.S. officials say U.S. Central Command has recommended the military permanently dismantle the pier run by the U.S. military to get aid into Gaza amidst the Israel-Hamas war.
U.S. intelligence recently detected an Iranian plot against former President Donald Trump, two U.S. officials tell CBS News.
The discovery of $224 million of cocaine marked yet another major seizure of the drugs concealed alongside the tropical fruit.
Here's a look at what Ohio Senator JD Vance, former President Trump's running mate, has said about some of the major international issues they would have to deal with if they win in November.
The Jalisco New Generation drug cartel has reportedly killed call center workers who try to quit.
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.
After many people criticized Andress' rendition of the National Anthem online, comparing her with Fergie, the singer says she's going to rehab.
Season 26 of the CBS reality TV show "Big Brother" premieres on Wednesday. Sixteen new house guests will compete and strategize to evict one of their own each week to try and be the last person standing. The prize is $750,000. "Entertainment Tonight" host Nischelle Turner visited the house and even entered a one-day competition.
"90210" stars like Jennie Garth and Brian Austin Green paid tribute, and Alyssa Milano commented on her "complicated relationship" with Shannen Doherty.
In an exclusive interview with "CBS Mornings," Kate Hudson opens up about her debut album "Glorious," the personal stories behind the songs and how her children inspired her musical journey.
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.
Apple users can now download an early version of a new iPhone operating system that will be officially released this fall.
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.
AT&T on Friday disclosed that hackers had accessed records of calls and texts of "nearly all" its cellular customers for a six-month period between May 1, 2022, and Oct. 31, 2022. Jo Ling Kent reports.
AT&T disclosed yet another major data breach on Friday. The company said a third party illegally downloaded call and text records for nearly all its 109 million customers with accounts between May and October 2022. CBS News senior business and technology correspondent Jo Ling Kent is following this story.
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 2024 Atlantic hurricane season got off to a deadly start as Hurricane Beryl tore across the Caribbean, Mexico and eventually the U.S.
The alleged leader of a violent extremist group plotted to poison children and minorities in New York City, authorities said Tuesday.
Three snipers from local law enforcement were inside the building former President Trump's would-be assassin fired from, and one of them had spotted him outside on three separate occasions prior to the shooting. The sniper took a picture of the gunman nearly 30 minutes before the shooting, when he saw he had a rangefinder. Meg Oliver has more on the investigation.
Tuesday's theme at the Republican National Convention is "Make America Safe Again." But how worried are Americans about crime? CBS News' Anthony Salvanto and Camilo Montoya-Galvez discuss the numbers.
The discovery of $224 million of cocaine marked yet another major seizure of the drugs concealed alongside the tropical fruit.
The Jalisco New Generation drug cartel has reportedly killed call center workers who try to quit.
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.
The engine failure blamed for stranding 20 Starlink satellites in a low, non-survivable orbit was caused by a liquid oxygen leak.
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.
Lara Trump, who is the co-chair of the Republican National Committee, and is married to former President Donald Trump's son Eric, spoke Tuesday night at the 2024 Republican National Convention. She said she had a "very different" speech planned, but rewrote it in the wake of the attempted assassination of her father-in-law. "Nothing prepares you for a moment like that," she said.
Sen. Marco Rubio of Florida, a top contender for former President Donald Trump's 2024 vice presidential pick, who ultimately wasn't selected, delivered an impassioned speech Tuesday night at the Republican National Convention, arguing for Trump's "America first" agenda. "It is time to put our country and our people first again," Rubio said.
Arkansas Gov. Sarah Huckabee Sanders took the stage on the second night of the Republican National Convention to talk about former President Donald Trump's character, recalling memories she had while working as the White House press secretary during the Trump administration. She began her speech by addressing the attempted assassination against Trump, saying "not even an assassin's bullet could stop him," and took a jab at President Biden's age.
The 2024 Republican National Convention is already making its fair share of headlines. CBS News chief political analyst John Dickerson takes a look back at the GOP conventions of elections past, and the defining moments spanning administrations.
North Dakota Gov. Doug Burgum was on former President Donald Trump's shortlist for a potential 2024 running mate. On the second night of the Republican National Convention, Burgum sat down with "CBS Evening News" anchor and managing editor Norah O'Donnell to discuss the moment he learned he didn't make the cut.