“Things might be more challenging even than what we anticipate — and what we anticipate is very, very challenging,” one Treasury official told Axios.
Patriotic Millionaires, addressed fellow millionaires and billionaires in open letter "The bedrock of a strong democracy is a fair tax system..."
"...I am deeply concerned about the upcoming filing season...” National Taxpayer Advocate Erin M. Collins said in the press release.
IRS already sending letters to taxpayers warning them about the additional complications.
Venmo, PayPal and Cash App will now have to report transactions totaling more than $600 to the IRS as Biden plans to ramp up financial enforcement.
Average investors are seeking slice of these markets, lured by potential of making outsized returns, even more appealing if they come tax-free.
If your tax return had mistakes, claimed the recovery rebate credit, missing anything, etc. you may not see your return anytime soon.
