The Internal Revenue Service recently awarded $51 million in Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grants to organizations that provide free federal tax return preparation. This year, the IRS awarded grants to 45 TCE and 300 VITA applicants. The IRS received 429 applications requesting over [...]
The jobs market remains robust by all outward measures, but that is not translating into higher wages for most American workers, according to a report by the Ludwig Institute for Shared Economic Prosperity (LISEP). LISEP issued its monthly True Rate of Unemployment (TRU) for September in conjunction with the third quarter True Weekly [...]
The Internal Revenue Service released new tax gap projections for tax years 2020 and 2021 showing the projected gross tax gap increased to $688 billion in tax year 2021, a significant jump from previous estimates. The new estimate reflects a rise of more than $192 billion from the prior estimates [...]
Global travel Trip101, which curates and recommends the world's best vacation rentals and hotels, reports that its last 4 years' booking numbers suggest the popularity of vacation rentals among travelers visiting Asian countries is predicted to increase in the foreseeable future, with an 84% jump in 2023 from 2022. Preferences [...]
Taxpayers can authorize a third-party representative to work with the IRS on their behalf. Sometimes this person is an unpaid family member or friend, and sometimes this is a tax professional hired by the taxpayer. Different types of representatives need different authorizations before they can represent the taxpayer to the IRS. [...]
Yuck! There's no question that pests are a year-round issue for homeowners, but did you know that various factors can significantly increase our likelihood of running into certain pest populations? The Numbers After sifting through weather patterns, long-term forecasts, and pest biological behaviors, the National Pest Management Association (NPMA) is [...]
It is never too early to begin planning for retirement. Individual retirement accounts provide tax incentives for people to make investments that can provide financial security when they retire. These accounts can be with a bank or other financial institution, a life insurance company, a mutual fund, or a stockbroker. [...]
In a survey of 1,200 travelers, nearly two-thirds – 64 percent – said they expect to use AI to research or plan travel in the future or have already done so. The survey was conducted by leading travel publisher Matador Network, which is the creator of the personal AI travel [...]
Imitation may be the sincerest form of flattery, but when scammers pose as the IRS it means trouble for taxpayers. Identity thieves may contact taxpayers through fraudulent calls, emails, texts, or social media messages pretending to be the IRS. Here are tips to help taxpayers know when the IRS is [...]
Amid rapid digital transformation across the workforce, nearly two-thirds of business leaders believe AI will spur the creation of new jobs, and 69% believe their organizations will require different skills to stay competitive over the next decade. Findings from Multiverse's report, Preparing for the AI revolution: How to build the future [...]
