IRS

Opinion

Opinion: Democrats Want To Turn IRS Into a Welfare Agency

As part of their plan to dramatically expand the cost and scope of the welfare state, President Joe Biden and Congressional Democrats want to flip the tax code on its head and turn the IRS into an agency that provides cash welfare. It will create a universal basic income that will incentivize many Americans not to work and allows

Crime

Child Tax Credit Scam Warning from IRS

On Wednesday, August 11, 2021, Prescott Valley Police Department became aware that scammers are now trying to steal your personal or financial information using the Child Tax Credit program as the pretense. Scammers will use text messages, emails, phone calls or social media to try to obtain your personal information. The scammer will pose as

National

Beware of budget gimmicks in push for massive spending deals

Senators fashioning a pair of colossal bills that would deliver more than $4 trillion for infrastructure, health care, environment and other initiatives insist they will fully pay for both plans. Will they? In a Washington ritual as reliable as panic-buying when light snow is forecast, both parties have long relied on toothless budget gimmicks to

Taxes

Direct child tax credit checks start for thousands of Arizona families

Gilbert resident Lori Ament said she and her husband both work full time to support themselves and their 5-year-old son and are getting by. But not much more. “We can barely afford child care which my son needed, and some regular doctors’ appointments, which meant medical care copays,” Ament said. “And I didn’t have the

Taxes

IRS readies nearly 4 million refunds for unemployment compensation overpayments

The Internal Revenue Service announced today it will issue another round of refunds this week to nearly 4 million taxpayers who overpaid their taxes on unemployment compensation received last year. The American Rescue Plan Act of 2021, which became law in March, excluded up to $10,200 in 2020 unemployment compensation from taxable income calculations. The

Legal Beat

Avenatti sentenced to 2 1/2 years in prison for extortion

A tearful, repentant Michael Avenatti, the brash lawyer who once represented Stormy Daniels in lawsuits against President Donald Trump, was sentenced Thursday to 2 1/2 years in prison for trying to extort up to $25 million from Nike by threatening the company with bad publicity. Avenatti, 50, rose to prominence by sparring publicly with Trump,

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