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.
Iranian President Ebrahim Raisi was traveling in Iran's East Azerbaijan province when the helicopter was forced to land due to weather. A rescue is underway.
Pope Francis, during a rare interview from the Vatican, urged acceptance, saying, "The Gospel is for everyone."
Hip-hop mogul Sean "Diddy" Combs posted a video on social media apologizing for his "inexcusable" behavior and that he takes "full responsibility" for his actions.
The Ohio Republican has previously praised Orbán's approach to state universities in Hungary, saying his way could be the model for eliminating what he views as a left-wing bias at American universities.
Is the issue of abortion offsetting the drag on President Biden stemming from inflation nationally and immigration in a state like Arizona?
United States National Security Advisor Jake Sullivan met with Crown Prince Mohammad bin Salam on Saturday to discuss a potentially historic bilateral agreement between the two nations.
Police in Savannah, Georgia, are investigating a shooting that injured 11 people in the city's downtown area late on Saturday night.
Amtrak Train 281 was traveling from New York to Niagara Falls when it hit a Dodge truck Friday evening in North Tonawanda, N.Y.
Bruce Nordstrom, who helped expand his family's Pacific Northwest department store chain into an upscale national brand, has died, his sons confirmed Sunday.
Bruce Nordstrom, who helped expand his family's Pacific Northwest department store chain into an upscale national brand, has died, his sons confirmed Sunday.
When 706 people named Kyle in the same place is not enough.
On this "Face the Nation" broadcast, Sen. J.D. Vance and Sen. Gary Peters join Margaret Brennan.
Police in Savannah, Georgia, are investigating a shooting that injured 11 people in the city's downtown area late on Saturday night.
"What has gone on, transpired between Israel and the Palestinians going back decades is very complex, very difficult," former Defense Secretary Robert Gates said on "Face the Nation."
Bruce Nordstrom, who helped expand his family's Pacific Northwest department store chain into an upscale national brand, has died, his sons confirmed Sunday.
Samsung piles on with its on ad after Apple apologizes for a spot that it acknowledged "missed the mark."
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.
Some owners of the electric vehicle will be eligible for compensation of up to $1,400 because of a battery problem that caused fires.
TikTok is allowing select users to upload longer-form videos as the social media app looks to compete with YouTube.
On this "Face the Nation" broadcast, Sen. J.D. Vance and Sen. Gary Peters join Margaret Brennan.
"What has gone on, transpired between Israel and the Palestinians going back decades is very complex, very difficult," former Defense Secretary Robert Gates said on "Face the Nation."
The following is a transcript of an interview with Sen. J.D. Vance, Republican of Ohio, that aired on May 19, 2024.
The following is a transcript of an interview with Chris Krebs, the former director of CISA and a CBS News cybersecurity expert and analyst, that aired on May 19, 2024.
The following is a transcript of an interview with Oksana Markarova, Ukrainian ambassador to the U.S., that aired on May 19, 2024.
Health authorities are watching for signs the virus might be starting to accelerate again after a springtime lull in COVID rates.
North Carolina Republicans are pushing forward with their plan to repeal a pandemic-era law, citing crime and recent campus protests.
Hypochlorous acid is the latest skin care ingredient making waves on social media for acne prevention — but is it true? We asked dermatologists.
Private-label food supplier recalls 32-ounce pouches of Great Value Organic Black Chia Seeds because of potential contamination.
A new study finds hospitals with a higher share of women surgeons and and anesthetists shave better patient outcomes.
American and Nigerien defense officials say U.S. troops ordered out of Niger by its ruling junta will complete their withdrawal from the West African country by the middle of September.
At least 27 people, mainly women and children, were killed in an Israeli airstrike in central Gaza.
Iranian President Ebrahim Raisi was traveling in Iran's East Azerbaijan province when the helicopter was forced to land due to weather. A rescue is underway.
United States National Security Advisor Jake Sullivan met with Crown Prince Mohammad bin Salam on Saturday to discuss a potentially historic bilateral agreement between the two nations.
GOP Rep. Elise Stefanik of New York excoriated Biden over a paused weapons shipment to Israel in her address to the Knesset.
Hip-hop mogul Sean "Diddy" Combs posted a video on social media apologizing for his "inexcusable" behavior and that he takes "full responsibility" for his actions.
Monopoly is the top-selling modern board game of all time, available today in 114 countries and 47 languages, and a myriad of variations. Hasbro's senior VP of board games Brian Baker explains to correspondent Susan Spencer the most important design element to a game's success.
The lifestyle entrepreneur and host of "Martha Gardens" offers tips on preparing a delicious afternoon tea.
After studying design and architecture in college, Courteney Cox pursued modeling and acting, and is forever identifiable as "neat freak" Monica in the sitcom "Friends." Now she's an entrepreneur, creating a line of scented products for the home.
After studying design and architecture in college, Courteney Cox pursed modeling and acting, and is forever identifiable as "neat freak" Monica Geller in the classic sitcom "Friends." Now she's also an entrepreneur, creating a line of scented products for the home. She talks with correspondent Jonathan Vigliotti about why she was inspired to create Homecourt's cleaning and beauty products; her strong bonds with her "Friends" castmates; and about her early big break, appearing in a Bruce Springsteen music video.
The Hennessey Venom F5 is not just a sports car; its twin turbo V8 engine can muster more than 1,800 horsepower, almost twice that of a Formula 1 racing car. And yes, you can drive it on the street, for the cool price of $3 million. Correspondent Lee Cowan goes inside the design of a machine that shuns the mundane.
Eight TikTok influencers have filed a lawsuit against the U.S. government in an effort to block enactment of a law passed and signed last month that requires TikTok be sold by China-based owner Byte Dance by January, or face a possible nationwide ban. Scott MacFarlane has more.
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.
Samsung piles on with its on ad after Apple apologizes for a spot that it acknowledged "missed the mark."
TikTok is allowing select users to upload longer-form videos as the social media app looks to compete with YouTube.
The 40-mile-long river branch, which ran by the Giza pyramid complex, was hidden under desert and farmland for millennia, scientists said.
A new study suggests that the first warm-blooded dinosaurs may have roamed Earth about 180 million years ago.
Extreme heat is known as a "silent killer," and in some areas across Asia, its intensity would have been impossible without one critical factor, a new study found.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
Scientists who study such things have found that cicadas urinate in a jet stream because they consume an incredible volume of fluid during their brief time above ground.
Police in Savannah, Georgia, are investigating a shooting that injured 11 people in the city's downtown area late on Saturday night.
Susann Sills' body was found at the bottom of the staircase of her family's San Clemente, California home. What led up to her death?
Columbus Deputy Chief Gregory Bodker told reporters that officers arrived to find a "very chaotic scene."
Disturbing video obtained by CNN appears to show Sean "Diddy" Combs pushing, kicking and dragging his then-girlfriend Cassandra Ventura in a hotel hallway in 2016. Elise Preston reports.
David DePape, the man convicted of attacking former House Speaker Nancy Pelosi's husband with a hammer inside their San Francisco home in 2022, was sentenced to 30 years in prison on Friday. CBS News congressional correspondent Scott MacFarlane has the details.
Ed Dwight trained to become the first African American astronaut but was never asked to join NASA. He finally flew into space on Sunday.
Ongoing work to resolve a persistent helium leak has pushed the first piloted Starliner flight back at least four more days, to May 25.
The large explosion of energy and light from the sun comes just days after Earth was slammed with the biggest geomagnetic storm in more than 20 years.
WASP-193b is 50% larger than Jupiter — the largest planet in our solar system — but seven times less massive because of it's extraordinarily low density.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
Tonight, 60 Minutes says thank you to Frank Devine: a senior producer who's retiring after making our show better for 35 years. And thank you to viewers for watching our 56th season.
En una rara entrevista, el Papa Francisco responde a preguntas sobre conflictos globales, migrantes en los Estados Unidos, abuso sexual en la iglesia y más durante una conversación con Norah O'Donnell.
A Nazi’s photo album shows top officers at Auschwitz singing, socializing, and lighting a Christmas tree at a time when hundreds of thousands of Jews were killed in the concentration camp.
Former U.S. Ambassador Victor Manuel Rocha spent decades spying for Cuba. Before Rocha there was Ana Montes, a Pentagon analyst who spent 17 years spying for Cuba.
In a rare conversation with Norah O'Donnell, Pope Francis talked about Catholics in Gaza and the legacy he hopes to leave in the Catholic Church.