Hello 2022. Please promise you’ll be kinder to all us weary taxpayers. We’ve been dealing with the havoc wreaked by COVID-19 on our personal and tax lives for way toooooo long!
I know the number we’re most looking forward to is zero, as in no more cases of the coronavirus. I know, but a gal can dream.
Until then, we’ll just have to be content in 2022 with more tax-related numbers. After all, what are taxes without all the digits?
What counts? Speaking of tax digits, By the Numbers recognition can go to just about any and every thing that can be counted in even a remote way as connected to taxes.
And yes, I am the final judge and arbiter. So you know sometimes the math might not seem to add up. No worries. This isn’t something the Internal Revenue Service is going to audit!
The potential figures range from tax rate percentages to dollar amounts to titles of tax legislation to raw numbers and more. Much, much more.
If it can be associated (per my judgement) with taxes, federal or state, it counts!
Weekend counting: In keeping with the counting tradition, the By the Numbers honorees will be added to this page’s running roster after they are highlighted in a post.
That usually will be on Sundays. Sometimes, though, a number gets early recognition, showing up on Saturday or even at the end of the traditional work week. And if some breaking tax news forces its way onto the ol’ blog on Sunday, then the number will appear the next week.
But whenever they show up, they are counted.
Regardless of the timing, you can always find the numbers at the link in the ol’ blog’s right column under the multicolored numbers box, the same one that’s pictured on this page. A click there will bring you to this collection of the all the year’s tax numbers, with the most recent figure and blog post at the top of the list.
So here we go into the 12th year of the ol’ blog’s numerical tradition. And if you want to reminisce, you can recount the featured figures from 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, and 2021.
- $20,000
IRS will delay $600 1099-K reporting for a year (Dec. 23, 2022) - $45,523.27
Inflation jacks up the cost of the 12 Days of Christmas gifts (Dec. 18, 2022) - 60 euros and 5,000 euros
Italy PM seeks to ease limits on cash transactions, despite tax evasion concerns (Dec. 11, 2022) - 3.7 million
IRS warns that tax refunds in 2023 might be smaller. Here are 3 reasons why (Dec. 4, 2022) - Dec. 31
Tax Turkey to Avoid #5: Losing FSA money you left in your health care account (Nov. 27, 2022) - 1.2%, 11.2%, 61%, 87%, & 25%
Retirement savings’ values have dropped, but some trends are positive (Nov. 20, 2022) - 4.2 million
IRS tax return backlog is dwindling (Nov. 13, 2022) - 90.6 percent
IRS-Criminal Investigation tax crime efforts pay off domestically and globally in FY22 (Nov. 6, 2022) - $496 billion and $540 billion
Tax Gap now $496 billion, says IRS (Oct. 30, 2022) - 22
United States is mid-pack in global tax system rankings (Oct. 23, 2022) - Nov. 17, 2022
IRS Free File to stay open until Nov. 17 to help nonfilers claim missed tax credits (Oct. 16, 2022) - 26 U.S.C. § 6861 and § 7429
Court OKs IRS’ $1.4B jeopardy assessment in largest-ever tax fraud case (Oct. 9, 2022) - Feb. 15, 2023
Floridians have new Feb. 15, 2023, tax deadline in wake of Hurricane Ian devastation (Oct. 2, 2022) - $335 million
MO man get 8 years for $335M fraud, $615K tax schemes (Sept. 25, 2022) - 46 percent
2.9 million children escaped poverty in 2021 thanks to expanded Child Tax Credit (Sept. 18, 2022) - 46.6 million
Lots of NFL football & betting this first Sunday of the season (Sept. 11, 2022) - 2
‘Tax’ typo in $2 taxi fare dispute leads to 2 nights in jail (Sept. 4, 2022) - 84,000
Offshore tax loophole helps U.S. tax cheats (Aug. 28, 2022) - $26,611,411.13
Federal FBAR suit seeks $26 million in penalties (Aug. 21, 2022) - 10 percent
Taxpayer Advocate recommends compensation for some no-change audits (Aug. 14, 2022) - 98 months
Spanish officials want Shakira to serve 98 months in jail if convicted of tax evasion (Aug. 7, 2022) - $124 billion
IRS gets lots more money under inflation reduction bill (July 31, 2022) - 42 percent
UK officials cracking down on tax cheats (July 24, 2022) - $855.4 million
New Mexico movie/TV shoots bring in record $855.4 million (July 17, 2022) - May 13, 1971
Tax committee chair seeks investigation into IRS leaders’ knowledge of Comey, McCabe audits (July 10, 2022) - 72 percent
July 4th highway travel robust despite gas prices & no federal fuel tax holiday (July 3, 2022) - $13.6 billion
House appropriations panel OKs $13.6 billion for IRS in FY23 (June 26, 2022) - 30,000
Down market offers opportunity for tax-loss harvesting (June 18, 2022) - June 15
June 15 is tax deadline for filers abroad, estimated tax payers, and some Puerto Rico residents (June 12, 2022) - $200,000
KY homeowners get 8 years of free services due to tax office recording error (June 5, 2022) - $1,418
Revolutionary sailors’ report of misconduct led to first U.S. whistleblower law (May 29, 2022) - $63 million
Kansas tax officials lose multimillion-dollar residency case (May 22, 2022; yes, a second one this week) - 5
Treasury awards $639M to 5 states for small business support programs (May 20, 2022) - $163 billion
$163 billion in unemployment fraud run up during pandemic (May 15, 2022) - 1,589
Upstate NY homeowners get property tax, STAR rebate scare (May 8, 2022) - IRS N-2020-10
2022 tax-related housing cost adjustments for expensive international locales (May 1, 2022) - 2
Tax tradition return redux: Biden and Harris again release their tax returns (April 24, 2022) - $100 million
IRS won’t accept checks of $100 million or more (April 17, 2022) - June 15 redux
Taxpayers abroad (including military postings) get until June 15 to file tax returns (April 10, 2022) - May 16 & June 15
Tax Day is delayed until May 16, June 15 for some disaster victims (April 3, 2022) - April 1
RMD deadline for some older account owners is April 1. No fooling (March 27, 2022) - 58 percent
Survey says most of us think our tax bills are too high (March 20, 2022) - $12.6 billion
$12.6 billion headed to IRS in fiscal 2022 funding bill (March 13, 2022) - March 12
IRS TACs open for walk-in tax help on Saturday, March 12 (March 6, 2022) - H.R. 6806
Is the end near for sports stadium tax breaks? (Feb. 27, 2022) - April 8
Improve the IRS by joining the Taxpayer Advocacy Panel (Feb. 20, 2022) - $37,500 gold, $22,500 silver, and $15,000 bronze
Super Olympian Sunday 2022: Medal money, taxes, & NFL (Feb. 13, 2022) - 64 percent
U.S. expatriations dropped dramatically in 2021 (Feb. 6, 2022) - $600
Personal cash app transfers are NOT part of new IRS reporting rule (Jan. 30, 2022) - $27,800
Standard deduction amounts for 2021 tax returns (Jan. 23, 2022) - 8
Free File 2022 is open; 8 companies offer no-cost tax software (Jan. 15, 2022) - 10
IRS-CI countdown of 2021’s Top 10 criminal tax cases (Jan. 9, 2022) - EO 14058
Biden executive order calls for improved IRS telephone, online options (Jan. 2, 2022)
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