The Daily Money: Taxpayers no longer have to fear the IRS knocking on their doors
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.
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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🍔 Today's Menu 🍔
Wendy’s this week launched a new line of cold-brew coffee tied to its famous Frosty dessert.
The Frosty Cream Cold Brew line comes in vanilla, chocolate and caramel flavors, and costs $1.99 for a small and $3.49 for a large, though costs may vary by location.
Customers who have downloaded the Wendy’s app can purchase any small Frosty Cream Cold Brew for 99 cents with an in-app offer through August 6. For diners that use the Uber Eats app, a free Medium Frosty Cream Cold Brew is available with any order over $15.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from Paste BN. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.