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Tuesday, July 25, 2023

The Daily Money: IRS ends unannounced visits

The IRS Monday announced that it will no longer have staff drop by unannounced, citing safety concerns for workers and taxpayers.

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Jul 25 2023

 

Bailey Schulz Money Reporter

@bailey_schulz

Happy Tuesday, Daily Money readers. It's Bailey Schulz here with the day's top headlines.

The IRS yesterday announced that it will no longer have staff drop by unannounced, citing safety concerns for workers and taxpayers.

"These visits created extra anxiety for taxpayers already wary of potential scam artists," IRS Commissioner Danny Werfel said in a statement. "At the same time, the uncertainty around what IRS employees faced when visiting these homes created stress for them as well. This is the right thing to do and the right time to end it." 

The change reverses a decades-long practice by IRS Revenue Officers, the unarmed agency employees whose duties include visiting households and businesses to help taxpayers resolve their account balances by collecting unpaid taxes and unfiled tax returns. Instead, people will receive mailed letters to schedule meetings, except in a few rare circumstances.  

IRS building

The IRS yesterday announced that it will no longer have staff drop by unannounced, citing safety concerns for workers and taxpayers.

Patrick Semansky, AP

Work from home as a drive-thru employee?

The shift to remote work after the onset of the COVID-19 pandemic wasn't confined to white-collar workers. 

Lower-paid service workers are also toiling remotely, including front desk receptionists, fast-food employees, laundry workers and tow truck dispatchers, albeit in lower numbers. 

Nearly 14% of employees in the bottom fourth of wage earners worked at home on an average day last year, below the 15.4% peak in 2021 but above the 9.5% mark in 2019, according to Labor Department figures released last month. By contrast, 56% of workers in the top fourth of earners worked remotely on a typical day last year.

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About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

The COVID-19 pandemic definitely hastened the trend toward remote work. As more workers were able to perform their jobs from their homes, people realized they were not tethered to an office cubicle in a particular city. Many workers feel that remote work gives the freedom and flexibility to balance work/family lives. Consequently, many looked into relocating. But the question is where to move to? (These are    metro areas with the   biggest pandemic population increase   .)   To identify the states receiving the most interest in remote work, 24/7 Wall St. reviewed the report    Here are the States & Cities Where People are Most Interested in Remote Work    from   Today Testing  . The site looked at the  increase in search interest in remote work two years after COVID-19 began (March 11, 2020, was when COVID-19 was declared a pandemic in the U.S.). Total population figures come from the Census Bureau's 2020 American Community Survey Five-year Estimates. Average new daily COVID-19 cases are a seven-day moving average. COVID-19 data is from local, state, and federal sources.    To be sure, workers have gotten a taste   of remote work and are reluctant to give it up. A recent report by    McKinsey & Co. and market research firm Ipsos    surveyed 25,000 Americans from a wide range of industries in the spring. A third (35%) said they have the option to work from home five days a week, which McKinsey extrapolates to an estimated total of 55 million workers. Meanwhile, 87% indicated they would take the opportunity to work remotely if given the chance. "The flexible working world was born of a frenzied reaction to a sudden crisis but has remained as a desirable job feature for millions," the report concludes.     The state receiving the most hits for remote work is North Carolina. Interest in the   Tar Heel State leaped more than 50% two years after the pandemic. Yet its average new daily cases and all-time COVID-19 cases since Aug. 14 are seventh and sixth highest in the nation, respectively.     Regionally, the South appears to be where remote workers want to settle. Rounding out the top five behind North Carolina are South Carolina, Georgia, Tennessee, and Florida. (Conversely, these are the    cities that lost the most residents in 2021   .)

Work from home jobs are becoming more common for blue-collar employees. Drive-thru order takers, laundry workers, dispatchers among those benefitting

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MSG Sphere in Las Vegas teases the most advanced audio system on Earth

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The icon for the video sharing TikTok app is seen on a smartphone, Feb. 28, 2023, in Marple Township, Pa. Montana lawmakers were expected to take a big step forward Thursday, April 13, 2023 on a bill to ban TikTok from operating in the state. It's a move that's bound to face legal challenges but also serve as a testing ground for the TikTok-free America that many national lawmakers have envisioned. (AP Photo/Matt Slocum, File)
 

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