Tags: IRS

New York City field office for the IRS

Each of 1 Million US Taxpayers to Receive Up to $1.4K Late COVID Credit Claims from IRS: Are You Eligible?

The IRS is sending $1,400 payments to 1 million taxpayers who missed claiming the Recovery Rebate Credit on their 2021 tax returns.


IRS Could Lose $20B and Face $140B National Deficit in Enforcement Funds Under Trump Administration's Cuts

The IRS faces a potential $20 billion funding loss due to complex legislative issues, which could hinder audits, tax collection, and increase the national deficit by $140 billion.

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.


Latest News

IRS Commissioner Daniel Werfel Testifies Before House Ways And Means Committee
The IRS received backlash from watchdogs for its delays in handling identity theft cases, which was deemed "unconscionable" despite financial support from democrats.
IRS Updates Rules on Early Withdrawals for Personal Emergencies and Domestic Violence
The IRS has introduced new guidelines allowing individuals facing personal emergencies, including domestic violence victims, to withdraw up to $1,000 or $10,000.
IRS: Majority of Employee Retention Credit Claims at Risk of Being Improper
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.
Unveiling the Truth Behind the $8,700 IRS Stimulus Check: What You Need to Know
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.
IRS Plans To Overhaul Tax Collection With $80B Funding Boost
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.
IRS Tax Deadline 2024: States Extending Filing Deadline to November
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 Updates Rules on Early Withdrawals for Personal Emergencies and Domestic Violence
IRS confirmed that it is making the Direct File free tax-filing option permanent. But when? Here are the latest details.
IRS Free Tax Filing Tool Launch Triggers Intuit Share Drop as TurboTax Loses 1 Million Free Users
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!
What Biden’s Proposed Capital Gains Tax Increase Mean to Investors
Several financial experts say the Biden administration’s proposal to raise capital gains tax will negatively affect the US economy.
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