IRS

In a significant policy shift, the U.S. Internal Revenue Service (IRS) has announced the immediate cessation of its long-standing practice of unannounced taxpayer visits by agency revenue officers. The decision cited by Reuters, aimed at…

WASHINGTON: House Republicans raised unsubstantiated allegations Wednesday against President Joe Biden over his family’s finances as they summoned IRS whistleblowersto testify publicly for the first time about claims the Justice Department…

Netflix has announced the release of four new captivating documentaries under the Untold series, scheduled to be available globally throughout the month of August 2023. Developed by Chapman Way and Maclain Way, Untold aims to shed light on…

Some 1.1 million federal tax returns were flagged for potential identity theft by early March, according to a new report from the US Treasury Department, with over $6.3 billion in refunds requiring further scrutiny. As of March 2, the IRS…

We’re a little closer to getting to file our taxes directly with the IRS. The agency just submitted a report to Congress detailing plans to launch a test run of free, government-run tax filing software for the 2024 filing season. If the…

Imagine a day when you might not need to pay for a tax-filing company, because the Internal Revenue Service is offering the same electronic system for free. That day could be sooner than you think. The IRS is working on its own system to…

Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles Rettig at a Senate Finance Committee hearing.Tom Williams | Pool | ReutersPresident Joe Biden's nominee to lead the IRS answered questions during a…

Bill Oxford | E+ | Getty ImagesTax season is underway, and the IRS has issued nearly 8 million refunds worth about $15.7 billion as of Feb. 3, the agency reported.The average refund amount was $1,963, down from last year's average payment…

The IRS on Friday issued federal tax guidance for millions of Americans who received state rebates or payments in 2022.The announcement came about a week after the agency had urged those taxpayers to hold off on filing while it determined…

dmphoto | E+ | Getty ImagesTax season is underway, and there's been increased scrutiny of the IRS as it starts deploying part of the nearly $80 billion in funding approved for the agency by Congress in August. While Treasury Secretary Janet…