The IRS has identified significant fraud risks in its review of $86 billion worth of Employee Retention Credit claims, with the majority deemed at risk of being improper.
Tags: IRS
Coca-Cola To Pay IRS $6 Billion in Back Taxes and Interest After Court Decision in a 20-Year Case
Coca-Cola expects some or all of the $6 billion in back taxes to be refunded if it wins an appeal on the court's decision.
IRS Recovers $1 Billion Unpaid Taxes From Wealthy Individuals Amid Budget Cut Threats From GOP
The IRS has successfully collected $1 billion in back taxes from high-wealth taxpayers under Biden's economic package, aiming to enhance tax fairness and compliance while facing potential budget cuts from Republicans.
IRS Finalizes Reporting Rules for Cryptocurrency Tax Guidelines
The US Department of the Treasury and the IRS have finalized regulations requiring brokers of cryptocurrency assets to report gross proceeds from sales starting in 2026.
IRS Issues Rare Apology to Billionaire Ken Griffin Over Data Breach Settlement
The IRS issued a rare apology to billionaire hedge fund director Ken Griffin and numerous other affluent individuals following a settlement of a lawsuit over a data breach
Latest News
Here's the truth about the $8,700 stimulus checks discussions that spread online! U. S. President Donald Trump's name appears on the coronavirus economic assistance checks that were sent to citizens across the country April 29, 2020 in Washington, DC.
The IRS will close a major tax loophole used by wealthy taxpayers to avoid paying taxes, potentially raising over $50 billion in revenue over the next decade.
As the IRS tax deadline approaches in 2024, several states are granting extensions until November, offering taxpayers additional time to file their returns amidst ongoing changes and challenges.
IRS confirmed that it is making the Direct File free tax-filing option permanent. But when? Here are the latest details.
Intuit's shares fell sharply after the company reported a loss of one million free TurboTax users, raising concerns about demand for its software despite a rise in average user spending and increased revenue.
Michigan residents may be eligible to receive a generous refund of $976, but the filing deadline looms. Here's what you'll need to do!
Several financial experts say the Biden administration’s proposal to raise capital gains tax will negatively affect the US economy.
The Internal Revenue Service (IRS) announced that it has implemented measures to tackle the significant discrepancy in audit rates between different groups of taxpayers.
The audit rate for large corporations with assets exceeding $250 million is expected to almost triple, rising from 8.8% in 2019 to an estimated 22.6% by 2026.
