commissioner reddick you may begin. looks of german, ranking member rice and others of the subcommittee paid thank you for the opportunity to discuss the filing season and irs operation. before i continue with my opening statement, i need to address something personal which this may be my last time testifying in front of this committee my statutory term expires november 12 of this year. but every single time i have testified up on the hill i have had the extreme privilege of being accompanied by the same person who is sitting behind me, diane grant has been with the irs more than 50 years. i am with diane every single day and if folks think a commissioner comes in and makes decisions, i want you to know how much i value as a person, as a colleague, as a friend, as a tax expert, and it irs experience expert. i think in many ways, diane epitomizes the irs employee. she is all about. [applause] she is also extremely humble and i'm going to hear about this on the way back. thank you for affording me the opportunity because

reddick. chairman, regrets he could not attend today and asked me too serve as chair this morning. he wanted the subcommittee to hold the hearing today because it is essential that we make sure this makes it a successful tax season without objections. it's introduced into that record. so thank you so much for appearing today. we know this is a very busy time for you and the irs employees. we are especially appreciative you are able to join us this morning. and we are very grateful for the dedicated service of the irs employees. we are particularly interested in receiving an update on the ongoing tax season including any recommendations you have for taxpayers or practitioners as we near the filing deadline. the irs has warned there would be enormous challenges this filing season due to an unprecedented backlog of millions of unprocessed tax returns. each return represents an individual, a family, a business, desperately awaiting needed refunds from last year. we look forward to hearing from the

reddick, what's the situation you've been seeing and hearing in kyiv?tly under curfew. >> for right now and the last 24 hours, there has been shelling of war. i don't know if you can hear the recording, but there is constant explosions and boom, boom, boom. so it's in the air and it's on the outskirts of. >> you said that's a preparation for the next step, the next step of russia's attempt to invade. >> yeah, russia's attempt to invade kyiv. we assume they will attack today or tomorrow. this is why people are advised not to go out in the streets of the war, and this is why our military is getting ready and the most upsetting point here right now is we are ready to fight. we have been training they are part of our existence. many we have enough food supply and waurlt. this is why we have been asking tore help and many r-- what is happening right now, we can do nothing for. we need jets, we need support, we need additional air protection. i feel helpless because it is out of my control, absolutely out of control what is happening and what is about to happ

irs commissioner charles reddick says the agency should be done addressing its tax filing backlog before the end of the year. and that commitment while testifying in front of the house ways and means subcommittee on oversight he also spoke about funding and staffing shortages and tax assistance for small businesses hurt by the pandemic.

reddick says the slow federal hiring system also delayed relief. >> but new direct hiring authority will dramatically speed up the time it takes to bring to 45 days? we should be able to on board and he says because paper renurns take much longer to process. everyone can help by using quicker methods. one thing congress can do to help us is to have people continue to file returns electronically. the current tax filing season ends on april 18th reporting in washington. i'm basil johns. well, for your money for the first time since may 2019 mortgage rate surpassed 4%. >> mortgage loan company freddie mac reports the 30 year fixed average rate was almost 4.2%. that's up from 3.8, 5% from the prior week race to increase as the federal reserve announced it would lose interest rates, soaring inflation in the russian invasion of ukraine are also impacting those rates. delta airlines is raising the pay for nearly all of its employees. the airline is hiking wages by 4%. for about 75,000 workers, executives cited strong revenue from travel demand for the upcoming spring and summer months. this is

. >> irs commissioner charles reddick says the agency should be done addressing its tax filing backlog before the end of the year. he made that commitment while testifying in front of the house ways and means subcommittee on oversight turkey spoke about funding and staffing shortages and tax assistance for small businesses hurt by the

reddick says the slow federal hiring system also delayed relief. >> but new direct hiring authority willcally speed up the time it takes to bring to 45 days? we should be able to on board and he says because people returns take much longer to process. everyone can help by using quicker methods. one thing congress can do to help us is to have people continue to file returns electronically. the current tax filing season ends on april 18th reporting in washington. i'm basil, john. all right, lawrence is here to take us home. yeah, getting ready for the weekend. and boy, we've got one last gasp of winter coming our way. tomorrow should be a nice day around the bay area will know some clouds gathering throughout the day, but >> yeah, things are going to change quite quickly as we get into saturday. you see right here tomorrow, you maybe it's better to a fog in the morning hours. then some high clouds begin to move in as we head throughout the day, but should be a nice day should be a warm one. but then the clouds roll back in and picking up and then we start off with the showers. maybe some i

and then here in the bay area, we work with community reddick or move ahead as you need a c activists and security land trust. so where supporting our members to move through their emotions and feelings around having more than they need in a time of so much inequality? and also supporting them with the political education to understand the roots of that inequality in an economic system , which kind of deliberately takes from some to give to others supporting our members to undo that process and return the money to where it was taken from in the first place, and this was a decision that you made yourself you had a lot of money from from your family. and you you decided to give most or all of it away. but what? what prompted you to want to want to do that? yes so when i was 21 years old, i learned i didn't hear it it about $500,000. and i'd always known that my family history i am descended from some of the earliest colonizers of this country, folks who came here in the 16 hundreds from england and had many violent interactions with indigenous people. i'm also descended from people that

reddick says the slow federal hiring system also delayed relief. >> but new direct hiring authority willhe time it takes to bring to 45 days? we should be able to on board and he says because people returns take much longer to process. everyone can help by using quicker methods. one thing congress can do to help us is to have people continue to file returns electronically. the current tax filing season ends on april 18th reporting in washington. i'm basil, john. for you i wish many things... to see all the world can be. but most of all... i wish you'll never stop wishing. ♪ ♪ hey you two, go outside and play. create a season full of playfulness. i wish you'll never stop wishing. your happiest spring starts at lowe's. ♪ ♪ i'm here for - your annual eye exam. because i'm having trouble - reading? exactly. they sort of make me feel... like i'm the most fabulous thing you've ever seen? exactly. i'll take 'em. ♪ ♪ run, don't walk to kohl's right now i'll take 'em. and save on your favorite gear from top brands! get 25% off adidas activewear... 25% off the latest gear from champion... and 25%

in the end, chase briscoe would hold off ross cheston and tyler reddick to pick up his first career victorye east coast next week, and the drivers will head to atlanta. motor speedway to continue the tour. so huge news usurping the college basketball . goodness gracious, the return of sunday. no question brady's back, and we'll have more on about half hours. so on the half hour show at night, mark, thank you. coming up next at 11. with our receptive field beds are heating trend that has been happening throughout the state. we are seeing that we're having our seasonable wild viruses starting during this time. firefighters think a wildfire burning in southern california tonight shows we need to be fire ready all year long. the 11 o'clock news on ktvu. fox news starts now. hello again, everyone. i'm julie julie haener mike mibach firefighters say they are making progress putting out the hollister fire burning in southern california. the fire in santa barbara county is now 40% contained earlier today. firefighters had that fire only 20% contained. ktvu is elissa harrington joins us now, after s

reddick, what steps is and can the irs take provide relief to the american people as it pertains to accountability for big oil companies in the price of gas at the pumps? >> we will do all we can for every american, that predates me, that will continue for the employees, we are not a brick-and-mortar organization, we will follow law, i encourage congress to take a hard look at the law and in conjunction with that, i heard recently there was discussion about acts, a lot of things the media is talking about in this space bar coming back, irs has 6500 experience agents and i only gave you one language, -- >> thank you. >> we do not have the resources to go after the big or super pigs as you referred to them and we are outgunned routinely in the space. >> let me reclaim my time than on that. but the income tax credit, the low income people are identified for auditing data higher disproportionate rate and get we don't have adequatedo staffing o go after big companies and in this case, big oil, some are not paying any federal tax and those who have record profits and not passing benefits to consumers. d

confident his agency will be able to handle a huge backlog of tax returns, the irs commissioner charles reddick, told congress yesterday the vast majority of us taxpayers should get their refunds within three weeks of filing this year. the irs recently hired 10,000 new workers in an effort to avoid a repeat of last year's delays. the i r s held up refunds to more than 30 million taxpayers, mostly due to processing problems. caused by the pandemic . it is 7 17, a new highway safety study is out, it says suvs and pickup trucks are more likely to hit pedestrians and other kinds of vehicles and not just because there are more of these bigger vehicles on the road. researchers found that suv and pickup truck drivers often have a tough time spotting people walking on the road. because the columns that separate the driver's side window and the windshield can block the view of potassium pedestrians, especially when the drivers are making a turn. carmaker ports says it expects 80% of its global sales to be all electric vehicles by the year. 2030 right now, porsche only has one all electric car the take,

report factors into his outlook and discuss the current slate of sanctions against russia with doug reddicker first, less than ten minutes to go in the trading day. we'll go into the "closing bell" market zone. joining us is ally chief markets and money strategist lindsey bell we'll kick it off with the broader market stocks are selling off again here into the close. looking at another down week for the market the down is 281 points we're off the lows, but all of the swings in uncertainty in the market over russia and ukraine, some of the commodity prices like aluminum and copper and wheat and corn continue to surge. what's spooking investors based on the clients you're talking to >> yeah, i mean, it's an extremely uncertain environment. it's been incredibly difficult to figure out how to invest in this type of environment as we talked about in the past, i have been leaning more defensive since the beginning of the year because there's been a significant amount of uncertainty. this conflict in eastern europe is dominating the minds of investors at this point in time. it seems like a sell now

host: glenn, greenbrier, arkansas, deming reddick caller, what's on your mind?atch that woman on your program. she is a black woman and she talked about host: tim, in illinois, independent. caller: good morning, i would like to ask a question. i read articles wherein 2020, president trump made an agreement with russia and saudi arabia on lowering the oil production step how much impact does that happen an what's going on today when it was a two-year in agreement that would end at the end of the year but yet we have an oil shortage? host: we talked about oil and gas prices in the 8:00 hour and what was happening during the last year or two of the trump presidency and what's happening now. amy myers jaffe is who we spoke about with that. new york, caller. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] caller: we have to believe what we see with our own eyes. host: what are you referring to? caller: it was an attempt at an insurrection. we all know what it was. why is everybod

s commissioner charles reddick told congress yesterday.thin three weeks of filing this year. i arrest recently hired 10,000 new workers in an effort to avoid a repeat of last year's delays. the irs held up refunds to more than 30 million taxpayers, mainly because of processing problems caused by the pandemic. well in today's dollars and cents. a new survey is reinforcing the recent shift in work preferences after many employees spent the last two years of working from home. new data from gallup shows most workers who can work remotely prefer hybrid work schedule, almost 60% of people in the survey said that they want to continue that mix of in office and remote work, 32% said that they would rather work from home. full time. a recent report by the daily mail found that apple's move to drop accessories from new iphone boxes save the company $6.5 billion. apple stopped providing those earbuds and chargers with the new phones in 2020 there now sold separately at $19 each apple said the move was to cut waste, but critics called it a money grab