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IRS Extends Tax Filing Deadline to May 17

Video Credit: Cover Video STUDIO - Duration: 01:09s - Published
IRS Extends Tax Filing Deadline to May 17Both the Treasury and the IRS confirmed the postponement on March 17

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IRS Says Deadline Approaching For Over $1 Billion in 2020 Tax Refunds [Video]

IRS Says Deadline Approaching For Over $1 Billion in 2020 Tax Refunds

IRS Says Deadline Approaching , For Over $1 Billion , in 2020 Tax Refunds. NBC reports that the Internal Revenue Service has alerted anyone who didn't file a tax return at the height of the pandemic that they may be eligible for a refund. According to the IRS, over $1 billion in unclaimed refunds for 2020 are waiting to be claimed. . Due to the COVID-19 pandemic, U.S. taxpayers got an extension on the normal three-year filing window. . The new due date is now May 17, 2024, meaning the last chance for taxpayers to claim their 2020 refund is looming. . There’s money remaining on the table for hundreds of thousands of people who haven’t filed 2020 tax returns, Danny Werfel, IRS Commissioner, via NBC. There’s money remaining on the table for hundreds of thousands of people who haven’t filed 2020 tax returns, Danny Werfel, IRS Commissioner, via NBC. We want taxpayers to claim these refunds, but time is running out for people who may have overlooked or forgotten about these refunds. There’s a May 17 deadline to file these returns so taxpayers should start soon to make sure they don’t miss out, Danny Werfel, IRS Commissioner, via NBC. According to IRS estimates, , the median refund , for 2020 was $932. . People faced extremely unusual situations during the pandemic, which may have led some people to forget about a potential refund on their 2020 tax returns, Danny Werfel, IRS Commissioner, via NBC. People may have just overlooked these, including students, part-time workers and others. Some people may not realize they may be owed a refund. We encourage people to review their files and start gathering records now, so they don’t run the risk of missing the May deadline, Danny Werfel, IRS Commissioner, via NBC. People may have just overlooked these, including students, part-time workers and others. Some people may not realize they may be owed a refund. We encourage people to review their files and start gathering records now, so they don’t run the risk of missing the May deadline, Danny Werfel, IRS Commissioner, via NBC. NBC reports that the IRS noted that 2020 tax refunds could be withheld if the taxpayer also failed to file returns in 2021 or 2022

Credit: Wibbitz Top Stories    Duration: 01:31Published

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China-Based Hackers Hit With Sanctions and Indictments Over Cyber Attacks [Video]

China-Based Hackers Hit With Sanctions and Indictments Over Cyber Attacks

China-Based Hackers , Hit With Sanctions and Indictments , Over Cyber Attacks. ABC reports that the United States has sanctioned hackers based in China over alleged attacks on critical U.S. infrastructure. According to the U.S. Treasury Department, a state-sponsored front company has provided cover for multiple cyber attacks on U.S. infrastructure. . Sanctions by the U.S. and the United Kingdom have targeted representatives of Wuhan Xiaoruizhi Science and Technology Company Ltd. (Wuhan XRZ). The U.S. Treasury Department alleges that Wuhan XRZ acts as a China-based Ministry of State Security (MSS) front company. . ABC reports that the allegations include malicious cyber operations that include the 2020 spear phishing operation against the U.S. Naval Academy. . ABC reports that the allegations include malicious cyber operations that include the 2020 spear phishing operation against the U.S. Naval Academy. . On March 25, the U.S. Justice Department indicted seven individuals on charges stemming from their alleged involvement with these malicious operations. On March 25, the U.S. Justice Department indicted seven individuals on charges stemming from their alleged involvement with these malicious operations. The Justice Department will not tolerate efforts by the Chinese government to intimidate Americans who serve the public, silence the dissidents who are protected by American laws, or steal from American businesses, Merrick Garland, Attorney General statement, via ABC. This case serves as a reminder of the ends to which the Chinese government is willing to go to target and intimidate its critics, including launching malicious cyber operations aimed at threatening the national security of the United States and our allies, Merrick Garland, Attorney General statement, via ABC. ABC reports that court documents show that the hackers targeted politicians and other prominent officials with "tracking links.". The Conspirators used this method to enable more direct and sophisticated targeting of recipients' home routers and other electronic devices, including those of high-ranking U.S. government officials and politicians and election campaign staff from both major U.S. political parties, Court documents, via ABC. The Conspirators used this method to enable more direct and sophisticated targeting of recipients' home routers and other electronic devices, including those of high-ranking U.S. government officials and politicians and election campaign staff from both major U.S. political parties, Court documents, via ABC

Credit: Wibbitz Top Stories    Duration: 01:30Published

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