By Aaron Wilson, Houston Chronicle Published 2:05 pm CST, Wednesday, November 21, 2018 New England Patriots running back Rex Burkhead (34) pulls away from Houston Texans linebacker Dylan Cole (51) for a first down during the third quarter of an NFL football game at Gillette Stadium on Sunday, Sept. 9, 2018, in Foxborough, Mass. less New England Patriots running back Rex Burkhead (34) pulls away from Houston Texans linebacker Dylan Cole (51) for a first down during the third quarter of an NFL football game at Gillette Stadium on Sunday, ... more Photo: Brett Coomer/Staff Photographer Photo: Brett Coomer/Staff Photographer Image 1 of / 1 Caption Close Image 1 of 1 New England Patriots running back Rex Burkhead (34) pulls away from Houston Texans linebacker Dylan Cole (51) for a … [Read more...] about Texans designate LB Dylan Cole for return from IR
Irs
IRS extends deadlines for Hurricane Michael victims
TAMPA, Fla. — The Internal Revenue Service says they will extend certain October 15 deadlines until February 28 for victims of Hurricane Michael. The IRS says that includes certain tax payments, individual and business tax returns. The relief is being offered to any Major Disaster Declaration area designated by FEMA as qualifying for either individual or public assistance. “The IRS has moved swiftly to announce this relief for taxpayers affected by Hurricane Michael in advance of the Oct. 15 extension filing deadline,” said IRS Commissioner Chuck Rettig. “We recognize the devastation this historic storm caused for many taxpayers, and IRS employees stand ready to support the disaster recovery effort as they have done many times in the past.”Currently, the relief includes parts of Florida, but the IRS says taxpayers in areas that will be added later to the disaster area will automatically receive the same filing and payment relief. … [Read more...] about IRS extends deadlines for Hurricane Michael victims
IRS says victims of Hurricane Michael will get tax filing relief
PANAMA CITY, Fla. -- The Internal Revenue Service says victims of Hurricane Michael will get a grace period before having to file some tax returns and payments. The IRS said Friday it's offering relief "to any Major Disaster Declaration area designated by the Federal Emergency Management Agency (FEMA) as qualifying for either individual or public assistance. Currently, this only includes parts of Florida, but taxpayers in localities added later to the disaster area, including those in other states, will automatically receive the same filing and payment relief." Individuals who had a valid extension to Oct. 15 for filing their 2017 return now will have until Feb. 28, 2019, to file. Because tax payments related to the 2017 returns were due on April 18, however, those payments don't qualify for relief. The new Feb. 28 deadline also applies to quarterly estimated income-tax payments normally due on Jan. 15, 2019, and to quarterly payroll and excise tax returns due on … [Read more...] about IRS says victims of Hurricane Michael will get tax filing relief
Texans placing corner Kayvon Webster on IR
By Aaron Wilson, Houston Chronicle Published 3:19 pm CDT, Tuesday, October 9, 2018 Kayvon Webster got hurt a few plays into his debut with the Texans on Sunday night against the Dallas Cowboys. (Photo by Hannah Foslien/Getty Images) Kayvon Webster got hurt a few plays into his debut with the Texans on Sunday night against the Dallas Cowboys. (Photo by Hannah Foslien/Getty Images) Photo: Hannah Foslien/Getty Images Dallas Cowboys running back Ezekiel Elliott (21) is stopped by Houston Texans defensive back Kayvon Webster (36) during the first half of an NFL football game, Sunday, Oct. 7, 2018, in Houston. (AP Photo/Eric Christian Smith) less Dallas Cowboys running back Ezekiel Elliott (21) is stopped by Houston Texans defensive back Kayvon Webster (36) during the first half of an NFL football game, Sunday, Oct. 7, 2018, in Houston. (AP Photo/Eric ... more … [Read more...] about Texans placing corner Kayvon Webster on IR
Auditing taxpayers is a dying tradition at depleted IRS
A New York Times article accusing President Donald Trump and his family of dodging hundreds of millions in taxes has raised questions about how such conduct could've happened under federal tax authorities' noses. One explanation: Far fewer authorities are poking their noses in Americans' tax returns, reducing the odds of getting flagged for cutting corners, or even committing outright fraud. Of the more than 245 million tax returns the IRS processed in 2017, only 1 in 160 individual returns -- 0.6 percent -- was audited. That marks a sixth consecutive annual decline in audits, and amounts to the lowest level in 15 years. About 934,000 returns were audited in 2017, the lowest number since 2003, according to agency data. Richer Americans, who historically are more likely to attract the IRS' attention, are also facing less scrutiny. Among households with income above $1 million, 4.3 percent faced audits last year. That's less than half the 9.5 percent rate in 2015, and … [Read more...] about Auditing taxpayers is a dying tradition at depleted IRS