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Tax Talk: Claiming dependents not about if you do but whether you can

IRS Criminal Investigation reminds taxpayers to file accurate returns

IRS Criminal Investigation reminds taxpayers to file accurate returns Submitted article CINCINNATI The Internal Revenue Service’s Criminal Investigation Division (IRS-CI) is reminding taxpayers to file accurate tax returns and choose a tax preparer wisely. The nation’s tax season starts on Friday when the agency begins accepting and processing 2020 tax year returns. U.S. persons are subject to tax on worldwide income from all sources. Most taxpayers meet this obligation by reporting all taxable income and paying taxes according to the law. However, those who willfully hide income should know that the IRS works across its divisions to ensure the highest possible tax compliance. Taxpayers found to be committing fraud may be subject to penalties including payment of taxes owed plus interest, fines and jail time.

IRS: Choose tax preparer wisely, file accurate returns

IRS: Choose tax preparer wisely, file accurate returns With tax season looming, the Internal Revenue Service is warning the public to be sure to file accurate returns and to choose a tax preparer wisely. (Source: FOX 8) By FOX19 Digital Staff | February 8, 2021 at 8:39 AM EST - Updated February 8 at 8:39 AM CINCINNATI (FOX19) - With tax season looming, the Internal Revenue Service is warning the public to be sure to file accurate returns and to choose a tax preparer wisely. The IRS will begin accepting and processing 2020 tax year returns this Friday, Feb. 12. The public is subject to tax on worldwide income from all sources. Most taxpayers meet this obligation by reporting all taxable income and paying taxes according to the law.

What can Pittsburgh Public Schools do to dig out of a $39 million budget hole?

CP photo: Jared Wickerham Arsenal middle school in Lawrenceville News of a proposal to close several schools within the Pittsburgh Public School district recently led to some chaos among parents, advocates, and lawmakers. The blowback was so strong that PPS board members voted the next day to shelve the plan for the time being. But the realities of what brought up the proposed closures remain: PPS is facing a $39.4 million budget deficit. The deficit grew by $4 million from last year, and the district is facing a 21% decline in kindergarten enrollment from last year. To fill the budget gap, the school district proposed a 2.6% property tax increase, but in December, the PPS board voted down the hike by a vote of 3-5 with one abstention. Board members who opposed the hike cited the wariness of raising taxes during an economic down

Read this if your college age child didn t get a stimulus check last year

Read this if your college age child didn t get a stimulus check last year
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