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House Oversight Committee Chair Carolyn Maloney writes that a briefing given to Congress raises concerns about “the ongoing impact on the millions of Americans who have already turned over their biometric data to a private company.”

How the IRS Is Like Panera Bread

07:29pm, Friday, 11'th Feb 2022 Wealth Management
And why its important for your clients to "pick two."

The IRS Is a Mess. How to Cope This Tax Season.

06:42pm, Friday, 11'th Feb 2022 Barron''s
The Internal Revenue Service is in chaos as Americans are facing one of their toughest tax filing years yet. These strategies can help mitigate the challenges.
No matter where you place your bet, the IRS expects you to come to clean at tax time if you win.

Don''t panic if you got a scary IRS notice

04:50pm, Friday, 11'th Feb 2022 CNN
Imagine having filed and paid your taxes on time, then months later you get a notice in the mail from the IRS suggesting you didn''t. That''s what''s happening to many taxpayers this year thanks to automated notices being sent out from a backlogged IRS.
Employees at ID.me, a facial recognition and identity verification company contracted by the IRS and other government agencies, are struggling to keep up with the demand for video verification when automated systems fail.
Fighting fraud is important. But so is respecting privacy and guarding against bias. It''s a “no-win situation,” one former official says.
Recent IRS Notice 2022-6 updates longstanding guidance on when a series of payments from an individual account under a tax-favored retirement plan is considered a series of "substantially equal periodic payments".

Health Care Cost Basics: What They Are and Ways to Save

09:30am, Friday, 11'th Feb 2022 Kiplinger
Putting aside money for emergencies, like replacing a roof or a major car repair, is one of the age-old mantras of personal finance. But today there’s one major potential expense that, until relatively recently, few working people rarely thought about: Paying for out-of-pocket medical costs. Why? Because until the past decade or so, most employer health care plans covered the majority of employees’ medical costs. Not anymore. The spiraling cost of health care has resulted in many employers shifting more of these expenses to employees. Monthly premiums for traditional health care plans that used to be fairly reasonable now may cost $600 per month or more. And most of these plans have annual deductibles — money you must pay out of pocket for medical expenses before the plan takes over most of the costs. SEE MORE 20 Ways to Save on Health Care Since most employees can’t afford these plans, many companies now also offer high-deductible health plans (HDHPs). How pervasive are these plans? In 2019 51% of all U.S. employees were enrolled in HDHPs.

IRS lost more than $400 million because of broken mail machines: Audit

10:57pm, Thursday, 10'th Feb 2022 The Washington Times
The IRS cost the government more than $400 million over the last three years because it didn''t bother to fix broken mail machines, the agency''s inspector general said in a new report Thursday. The machines are supposed to automatically identify which envelopes contain payments to Uncle Sam, so they can
Families can get up to $1,800 per kid within weeks, the IRS said. Lower-income families can get more through the Earned Income Tax Credit.
Subscribe FREE wherever you listen: Apple Podcasts | Google Podcasts | Spotify | Overcast | RSS Links mentioned in this episode: Amazon Raising Annual Fees for Amazon Prime Membership 40 Best Amazon Prime Benefits to Use in 2022 Erin M. Collins, National Taxpayer Advocate, bio page Taxpayer Advocate Service qualifier tool Where''s My Refund? How to Track Your Tax Refund Status How to Cut Your 2021 Tax Bill Transcript David Muhlbaum: Did you know theres someone at the IRS whose sole purpose is to help taxpayers deal with the agency? If that sounds like an oxymoron, thats just because you havent met Erin Collins, the current taxpayer advocate. Shell join us to explain what her office does, how it can help you, and why the IRS is struggling to get refunds out. Also, Amazon is raising prices; what can you do? All coming up on this episode of Your Moneys Worth . David Muhlbaum: Welcome to Your Moneys Worth . Im kiplinger.com senior editor David Muhlbaum, joined by my co-host, senior editor Sandy Block.

The "Crapification" Of The US Economy Is Now Complete

03:00pm, Thursday, 10'th Feb 2022 Zero Hedge
The "Crapification" Of The US Economy Is Now Complete Authored by Charles Hugh Smith via OfTwoMinds blog, The crapification of the U.S. economy is now complete. The only thing left is the tiresome waiting for the implosion of the entire travesty of a mockery of a sham. The U.S. economy has fundamentally changed, and not for the better. There are numerous dynamics behind this decay, and I''ll discuss a few of the more consequential ones this month. One consequential dynamic few mainstream pundits dare discuss is the "crapification" of the entire U.S. economy. That isn''t my description, "crapification" is now in common use. If the word offends you, substitute terminal decay of quality, competition, utility, durability, repairability and customer service . One aspect nobody seems to notice is the transformation from a society that once drew its identity from producing quality goods and services to a society that draws its identity from consuming crapified goods and services . Now that Americans define themselves by consuming, they are enslaved to consumption: to limit consumption is to disappear--and ''spending time" on social media is a form of consumption, even if no goods or services are purchased directly, as one''s attention / time are valuable commodities.
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