>> it's led by the internal revenue service. we try to make sure people are registered. it's important to us. we're operating in a socially distanced inviermtd. we have over 60,000 employees, which freed up floor space. >> i know it's not the same efficiency precovid. >> we're getting close. >> one of the things i want to say is if there isn't a dedicated amount of vaccinations. if you're relying on states, that concerns me a lot but you can continue. and that's not your fault. i heard otherwise that there was going it be a plan to get departments vaccinated. and that's something i want to push on behalf of your constituents who rely on a functioning irs. i yield back. >> i want to say thank you to our witness for joining us today. and please be advised that the members have two weeks to submit written questions to be answered later in the writing. those questions and your answer make part of the formal hearing. mr. commissioner, i thought your responses were thorough to our members. and we know, when we started to answer one question, we might do this again. i don't kno

not by the, federal the internal revenue service, we have people and we have reached out the country to make sure that people are actually registered, and each state has, been we are operating in a socially distanced environment. because of tele-work we have over 60,000 employees which freed up floor space. >> but you can't tell me that you guys are running at the same efficiency that everyone did pre-covid. >> we are getting close. >> the other thing that i want to say is there isn't a dedicated amount of vaccinations. if you're relying on states that concerns me a lot. the delays would continue. that's not your fault. i heard otherwise, that there was going to be a plan to get departments vaccinated in order to get people back to work, if that's indirect then that is something that i want to push on behalf of your department and also my constituents who rely on the functioning iris. thank you and i yield back. >> i want to thank the gentleman from california, and i want to say thank you to our witness for joining us today. please be advised that the members have two weeks to submit

rentas internas manda desde hoy una nueva ronda de los estímulos por la pandemia el irs (internal revenue service envío inmediato a todos los distintos distritos escolares otro estímulo para la reapertura de escuelas . >> [hablando inglés] . >> total de $81,000,000,000 aprobados por el plan de rescate de la pandemia están disponibles para apoyar el regreso seguro a clases presenciales . el secretario de educación miguel cardona enfatizó la necesidad de crear planes estatales para reabrir los planteles cuanto antes. también se anunciaron nuevos proyectos de enseñanza durante el verano. >> en la frontera entre colombia y venezuela hay miles de desplazados por los enfrentamientos entre guerrilleros de las farc el ejército venezolano. >> [sonidos de ambiente] . >> el combate entre disidentes de la guerrilla colombiana y las tropas enviadas desde caracas comenzó een venezuela por lo -2 soldados venezolanos y los civiles han fallecido en estos choques armados mientras más de 3000 personas residentes de la zona huyeron a colombia buscando refugio. >> a regresar en noticias telemundo le contamos por qué

the franchise tax board says it wants to be consistent with the internal revenue service. the new filing deadline is may 17. the irs announced this week as we reported to you it was extending its deadline until may 17 so now the state is following suit. >>> the department of justice is reportedly investigating whether bay area-based visa is engaged in anti-competitive practices. both reuters and "wall street journal" say the focus is on the debit card market. the government is investigating whether they limited merchants from using networks that are less expensive. there is no comment from visa. >>> while workers have enjoyed the benefit of not commuting during the pandemic, they may have noticed their utility bills have gone up. energy has shifted from office buildings to homes. sheer what we can do about it. >> reporter: with many offices dark and employees working remotely, it is no surprise that commercial energy use has dropped. you can see 8 the 8% decline in california. residential energy use has taken a corresponding increase. federal workers say it's 9%. it's a re

is all perfectly legal meanwhile pro publica is now reporting that as the united states' internal revenue service the revenue service ability to audit the rich crumbles its scrutiny of the poor has held steady in recent years and that according to data released by the i.r.s. last week millionaires in just 2018 were about 80 percent less likely to be audited than they were in 2011. yes my friends right now if you were making $20000.00 a year under here in the u.s. you are facing the same if not more scrutiny and potential i.r.s. audit on your taxes than if you're say jeff bezos or. so all the rest of the news media destructs this would be talk of banning assault weapons or trump's new adventures and social media companies let's let's follow the money and start watching the hawks. on a city street. there so you can see that this is joyce state see a. great city this least systemic dissent says the late show which. some things are just as. well we're going to watching. for and i'm in these across so many should look at that zillah we all those whom we've been using assume everybody uses what seems l

the internal revenue service has already issued more than 42 and a half million tax refunds. the average refund amount been just under $3,000 about the same as it was a year ago. refunds can take up to 21 days after you eat filed. but the irs is warning it could be longer if you mailed in your taxes, the irs delayed the filing deadline by about a month. taxes are now due may 17 instead of april 15. let's take a live look outside right now here at downtown san francisco. >> happy is it ever sutro tower. one of the prettiest shots. we have proffers a chief meteorologist lawrence karnow talking about yeah. get ready for a nice weekend ahead in the first weekend. >> of spring. that's right. some are coming to a close later on tonight. certainly leaving behind some raindrops. even today we had a few scattered showers popping up around the bay area. but things kind of settling down now on. i think as we head through the night tonight. we're going to still feel those cold temperatures, maybe a little frost showed up in some of the interior valleys. but other right now it is breezy a

and the justice department was filing a brief on behalf of the corps of engineers, or the internal revenue service, on the issue going against the result issue, against the in the indian first rights, the solicitor of the interior department could file a section in a brief with different views. as trustee. we had filed six split briefs. a few of them were done before my time. and we won all six cases. so it was a strong supportive indian rights, and there came a time when the assistant attorney general didn't want to file a split brief in the case, and took the matter up with the white house and i think with the council and with president ford. and bobbie and brad were very supportive of continuing the split brief policy and it continued. so i think i will close now, i gave you the idea at least a broad sense of how the policy was implemented during the nixon and the ford ministration. and bob i hope i hope you can bring it up to date. thank you. doug [applause] >> thank you read,, bobbie walley, so yes i want to bring some of these themes that have been brought out up to the current time, and man

there is a major backlog at the internal revenue service. the i.essing nearly seven million returns submitted last year for 2019 returns, partly because the filing deadline was extended during the pandemic. accountant kelly nagel says the process will likely only be bogged down even further as the iris processes another round of. stimulus payments. there's been such a delay, and a lot of it was they were completely shut down, you know they're working remotely. they're not at full capacity. the ira says most people who filed taxes by now should get refunds by march, 22nd. the fastest way to get your money is to set up a direct deposit. well it is women's history. month after the break, we introduce you to one of the thousands of women breaking barriers in the u. s. navy and rain on the way meteorologist mark tamayo is back with what we can expect in your five day forecast. are low.0 female aviators in the u. s navynant commander carolyn johnson. more than 58,000. women currently served in the u. s navy and over 12,000 of them are aviators and has mo

the internal revenue service is delaying the deadline to may 17.casper deadline was also delayed. -- march's deadline was also delayed. spending bonuses for senior executives. credit suisse was forced to suspend funds it invested when it became apparent they could no longer value them. the world's largest asset manager black rock has already made bold statements about climate change. their policies regarding human rights as well as biodiversity and deforestation. black rock says it may vote against corporate directors who act on these issues -- who failed to act on these issues. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. ♪ >> in a country like the united states, if you are born in a poor family, it takes about five generations to get to the average income in your society. clearly, societies are reproducing, not producing inequality. jonathan: strong words from her majesty of jordan. good morning. i'm jonathan ferro. the

the internal revenue service is taking note. >> it has gone after individual taxpayers. >> the irs has reportedly initiated operation hidden treasure to ensure that investors are paying taxes on their bitcoin profits. and there have been sizable profits for football players and other investors. though the bitcoin climb has been volatile. it has gone up and down much more than traditional currencies. >> bret: rich, thank you. when we come back, the discovery of ancient writings may shed some light on -- of ♪ ♪ you got paid! that means... best burger ever. intuit quickbooks helps small businesses be more successful with payments, payroll, banking and live bookkeeping. psst! psst! allergies don't have to be scary. spraying flonase daily stops your body from overreacting to allergens all season long. psst! psst! you're good. germ proof your car with armor all disinfectant. kills 99.9% of bacteria and viruses. wealth is your first big investment. worth is a partner to help share the load. wealth is saving a little extra. worth is knowing it's never too late to start - or too

provision of taxpayer assistance, and the furtherance of integrated, modernized, and secure internal revenue service systems, of which up to $20,000,000 is available for premium pay for services related to the development of information technology as determined by the commissioner of the internal revenue occurring between january 1, 2020 and december 31, 2022, and all of which shall supplement and not supplant any other appropriations that may be available for this purpose. (2)$7,000,000 to remain available until september 30, 2022, for necessary expenses for the bureau of the fiscal service to carry out this section (and the amendments made by this section), which shall supplement and not supplant any other appropriations that may be available for this purpose, and (3)$8,000,000 to remain available until september 30, 2023, for the treasury inspector general for tax administration for the purposes of overseeing activities related to the administration of this section (and the amendments made by this section), which shall supplement and not supplant any other appropriations that may be available for

the internal revenue service says it has already sent 90 million biden covid relief payments to tax filerson payments amount to over $242 billion in the accounts of americans trying to survive financially during the pandemic. joining us now, jared bernstein, a member of president biden's council of economic advisers. thank you very much for joining us tonight, jared. really appreciate it. so 42 days ahead on the vaccination program, and how important is the vaccination program to the biden economic recovery plan? >> it is absolutely essential. first of all, great to be with you, lawrence, and thank you for raising these important achievements because the president has always said, but so has the chair of the federal reserve. this is as much a health necessity as it is an economic one. there will be no reliable, robust, lasting economic recovery until we finally control the virus, produce and distribute the vaccine, and get shots in arms and checks in pockets. this is the recipe that is not only built into the rescue plan, but that's a plan that's calibrated to do something that hasn't happ

the internal revenue service has already issued more than 42 and a half million tax refunds. the average refund amount is spend just a little less than $3,000. that's about the same as a year ago. refunds can take up to 21 days after you eat file. but the irs warns it could take even longer if you mailed in your taxes, the irs delayed the filing deadline by a month. taxes are now due on may 17th instead of the traditional april 15th. >> new drone video captures a group of migrant families some unaccompanied minors trying to get into the u.s. some of them using rafts on the rio grande has several dozen migrants were sitting in a staging area near a baseball diamond border patrol agents gave them warming black sea while the house passed 2 immigration bills said said yesterday would provide a. >> pathway to citizenship for millions of immigrants already living in the u.s. and those bills did pass with overwhelming support, but they face an uncertain future as they head to the senate. anna wiernicki is in washington with more. >> 2 immigration bills cleared the house on thursday

the internal revenue service has once again extended the tax deadline during the pandemic you now have until may 17th of file your federal taxes that gives taxpayers some extra time to deal with. the recent changes to tax laws that include tax exclusions on some unemployment benefits, the iris says. this also gives them more time to really process the recent stimulus checks. last year tax season was extended because most iris offices were shut down by the pandemic. still to comet knew. he's the first latino to head the health and human services department. danny's from right here in california. what we're learning about the confirmation of california attorney general javier becerra this morning, plus the house will debate and vote on to immigration focused bills, but republicans are likely to push back as they criticized the administration's handling of border security. marin bla ♪ ♪ this is my body of proof. proof of less joint pain and clearer skin. proof that i can fight psoriatic arthritis... ...with humira. humira targets and blocks a specific source of inflammation that contribut

success or failure of this stimulus package the democrats put together really hinges on the internal revenue service. our nation's tax agency, as you mentioned, are currently trying to get those checks out. president biden mentioned yesterday he wants to have 100 million out by march 26th. that sounds like a lot but we are expecting 150 million of these payments to go out. so that's still a lot of people who will be waiting by the end of this month. on top of that, the irs is, as you mentioned we reported over the weekend, are already behind in getting refunds out. about 7 million people are still waiting for their refund and they've been waiting longer than the usual 21 days. also, it's been a real duress at the irs, they're only answering currently one out of every four phone calls. basically they are being asked to do too much without enough resources and staff. things are starting to slip through the cracks, and this is before we even talk about how the irs is supposed to be sending out $250 a month payments to families to parents of kids starting in july. and that's a key part of the child pove

book where he calls his attorney and says, it's over, because he gets a letter from the internal revenue service that they're going to conduct an audit. but it wasn't over. why not? >> well, he thought it was over because the an audit of a nonexistent, nonprofit, state chapter, was going to lead to your demise and possibly your arrest and he got the notice from the irs, it was just a strictly random selection, the irs picked the connecticut chapter of the united states navy veterans and said we're going to audit your books for two years, and thompson was protected in that audit by his team of attorneys and his team of attorneys were as credentials you'd fight. sam wright, the navy captain, labor lawyer, montgomery the former attorney general of the state of ohio, there was harold mcmurray who was the deputy attorney general, former deputy attorney general of ohio, and there was the nonprofit expert, college professor, a law professor in florida, also the four of them i think are put together what they referred to as a defensible sort of receipts and documents that got through the audit even thou

and the idea of making this and many other avenues with the internal revenue service permanent and i know that our council opening up electronically. i'm a huge advocate, but all the other avenues that we have as well. and we need to get into the type of service that people deserve. >> unable to receive the 40506 form in a timely manner. making it difficult that includes the verification of non-filers. and that includes how to file with the non-verification form? and the irs will they be able to make adjustments with any additional refunds? and if so, how quickly would we be able to get payments and when could we communicate this is effective? >> we expect the recovery. and that includes putting us a little bit behind the schedule that i think we would've been on. then we have to get the benefits out to folks that need them and we are working very hard. most of the agency is working tool ships. and every employee is doing everything they can as an agency and the chair now recognizes the gentleman for five minutes. >> a lot of questioning remains about this whole idea and that include

senator elizabeth warren is introducing a tax to double the budget of the internal revenue service. help make sure that the richest americans get audited once every three years. >> more and more are looking at the wealth tax and say, this makes sense. people across the nation, independents, republicans, democrats. the majority of all of them want to see a wealth tax because they know the system is against them. global news, 24 hours a day, on-air and at bloomberg quicktake, powered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg. anna: let's get back to u.k. budgets. the fiscal firepower to project jobs and livelihood. in the statement they will signal the need for future sacrifices to pay down the huge debt accumulated over the past year. let's get some analysis. what do we need to look out for? >> the biggest challenge is the prospect of a jobless recovery. the idea that gdp could bounce back with a high level of unemployment lingering. the lowest paid workers are most likely to lose their jobs in the next three months. that is exactly why

i know the staff at the internal revenue service and the federal reserve have worked long hours to implementse laws. let me say on behalf of nevada and behalf of the american people i appreciate the work your staff has done to deliver financial assistance to americans. thank you for that. let me start with the conversation you have around our hospitality industries that has been so hard-hit. can you talk to me about what you're seeing with respect to the economy and the recovery. i think you've said about two thirds of the tourism and hospitality jobs lost in march 2020 are back. can you talk more about what you're seeing as a result of the relief we have passed in congress and the impact it is having on hospitality and tourism? chair powell: i would be glad to. it is just two thirds of the jobs lost during the winter covid spike came back. hospitality is still down. travel and hospitality is still down several million jobs. you are seeing that at home. we are beginning to see airline travel, we are beginning to see people going to restaurants and hotels. all of those things are just beginni

plans to increase jobs and 1 billion of that investment will be in california meantime, the internal revenue serviced straight year this year's deadline has been pushed back to may 17th. the irs urging people to file as soon as possible a note for our viewers, check your state tax deadlines as well because they may very well be different and for those of you who filed estimated taxes, i know that there's a lot of our audience among the wealthiest in america who file estimated taxes, the deadline has not changed. it remains april 15th so watch for that meanwhile, one of the morning's big stock winner is williams-sonoma. beating estimates on the top and bottom lines profit and sales got a boost from the pandemic with more people staying at home joe? >> thanks. i'm talking to a celebrity right here max had no idea. yeah, you were right, andrew. >> the producer. >> the afore mentioned -- the big cheese coming back did you see, that's -- that's -- this doesn't just materialize. >> the big cheese was getting you coffee >> he's good to me i was involved in that story i was involved with that story >> the b

the internal revenue service has already issued more than 42 and a half million tax refunds. average refund just amount has been just under $3,000 about the same as a year ago. now refunds can take up to 21 days after you eat file. but the irs wants it warns that it could be longer if you mailed in your taxes, the irs delayed the filing deadline by a month now. taxes are now do may 17th instead of april 15th that needed that well, the nc double a is playing defense this morning after a woman's basketball player calls out the organization for giving men better training facilities compared to women. >> there's a lot more to that. that's right. oregon ducks basketball player sedona prince posted this video comparing the weight training amenities for men. >> to what the nc double a gave to the women. just a rack of dumbbells and a stack of yoga mats. take a listen. >> so for the nc double a march madness. the biggest tournament in college basketball for women. this is our weight room. >> well, the video shows a large area for the men's weight room, complete with machines weightli

h.r. 1 doesn't just politicize the federal election commission, it politicizes the internal revenue service, the i.r.s. democrats want to break down the guardrails that currently keep the i.r.s. out of politics. h.r. 1 gets rid of any of the limits on the i.r.s. when giving tax exemptions to nonprofits. now think about this. remember the scandal that the i.r.s., under the obama-biden administration, the scandal headlines, people well aware, h.r. 1 enshrines that into law. h.r. 1 gives a big stamp of approval to lois lerner and her behavior and the way she worked the i.r.s. every democrat who votes for the bill is saying that they will endorse what happened to the i.r.s. under president obama. and there's more, a lot more. the bill goes on and on. it's 800 pages. hard to believe too many democrats have actually read it. the bottom line is this, h.r. 1 would not reform our elections. it would deform our elections, change them dramatically. h.r. 1 makes our elections harder to secure, easier to defraud and casts doubt on every election in the future. that's the last thing that we need in this

international business is better than expected. apple, multiple notes including one today how the service revenue stream is. as much as i like the old fang, the fact is the market doesn't care to wall street, these are lockdown stocks that might as well be filled, yes, with toasted shrimp tales but the reopening trades you can buy them all you want and unlike the stay at home stocks, this market actually treats them like they get cheaper as they go lower let's go to ravender in new york. >> caller: hey, jim, high five from brooklyn, new york. how are you doing? >> brooklyn's own right there with you what's up? >> caller: so i've been looking at a stock since two weeks ago guidance wasn't exciting we're looking at nasdaqs which is down like 78% from the highs last month and stock is down 62% from the highs last month. i mean, swieven weeks in a row s strange. if the market goes down 500% more, god forbid, what would you do and how far -- >> gee, c 3. there is no -- it has the worst basis shareholders they keep selling and selling. i think you need to see two quarters under your belt before people feel better

she also said they are working on international expansion and then eventually on building their friend finding service bumble bff but says that won't generate revenuethis stock was well off the ipo highs going into the report. >> yeah. >> clearly a pleasant surprise, up 12% where does that put it. >> right where the first trait happened on february 11th. it had the good and bad luck of becoming public almost exactly as a lot of the high expensive and story-type tech stocks came to peek. it rallied high. pulled back hard it is mild raising revenue guidance, in this world whereas long as you have a path to network effects and profitability, the market is willing to wait because they seem like they are in a market that certainly is huge and growing. >> we have got just about two minutes, a little over that, to trade here left, mike. mike what are you seeing in the market internals as we rally to the close. >> relatively broad. that's been the case look at the split on the new york stock exchange in terms of volume, about two to one positive to negative volume. broad sponsorship of this rally today. also year to date, maybe unnoticed the equal weighted

international sales. and the one that is the most question is apple, apple puts out, as in a story, they have a rugged watch, we, i'm not kidding, service revenueor apple to go. but apple, i was hoping that you could get apple at 110, that's where i thought it was interesting. >> well, it's 120. >> yes. >> at the same multiple. >> you may still have the chance. >> i wanted to have a procter & gamble multiple because i think it could happen. i wanted to ask you, just in terms of people being excited about ipos, people being excited about new stock, remember the most ipos ever, actually for 21 years, don't forget, sulfide, talking about how the retail investing, they will allow their members to purchase shares of companies before the publicly traded in the stock market we have robinhood. >> robinhood. >> ipos. these guys are really trying to muscle in. >> robinhood filing for its own ipo. and they want to give their customers pieces, that's what you're referring to. there is anthony noto by the way, coming up a little bit on squawk alley. >> he is >> he is what do you think about, what do you think about what robinhood wants to do for -- >> i thi

services. secondly, we've done a lot of work internally over the course of the last couple of years to drive improved capital efficiency, revenue and essentially go to market in a more efficient way and then, lastly, we have developed a number of partnerships. dr horton, ackerman security, dish, and none more important than google. maria: well, the dl horton deal is really exciting to me because that tells you really what is possible with home building. because if you see another or a continuation of this home building boom that we're seeing with interest rates where they are, people are going to want to have that security element in there and you're right there partnering with dl horton. i love that. does that indicate that we're going to see a further building partnership growth story at adt? >> absolutely. we are doing some work right now, piloting our services with other builders. we're incredibly proud of the relationship that we have with dr horton. they'll be an adt smart home system put into every dr horton home that's built this year and then we'll be working with that new home buyer to seek to convert them to a profes