INSIDER
An independent watchdog finds the IRS has improved its overall taxpayer service through Democrats' Inflation Reduction Act but still faces delays processing claims from a coronavirus pandemic-era tax credit program and is slow to resolve certain identity theft cases.
IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes.
Already bracing for funding cuts under a new Trump administration, U.S. Treasury officials are calling on Congress to unlock $20 billion in IRS enforcement money that is tied up in legislative language that has effectively rendered the money frozen.
The IRS has announced an increase to the amount individuals can contribute to their 401(k) plans in 2025, to $23,500, up from $23,000 in 2024.
Three tax preparers accused of fraudulently helping Central Florida customers obtain large income tax refunds have pleaded guilty to conspiring to defraud the Internal Revenue Service.
Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years.
The IRS has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration’s signature climate, health care and tax package signed into law in 2022.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases.
The Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper.
The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.
Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes.
City leaders in Deltona are working through litigation with the IRS after the agency gave the city a nearly $1 million fine.
The IRS says more than 140,000 taxpayers filed their taxes through its new direct file pilot program.
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern: The presidential candidates have conflicting ideas about how much to reveal about their own finances and the best ways to boost the economy through tax policy.
The IRS says it’s making progress with initiatives to claw back money improperly distributed under the Employee Retention Credit.
After weeks of testing, an electronic system for filing returns directly to the IRS is now available for taxpayers from 12 selected states.
The government's new free electronic filing system for income tax returns is getting its first users this filing season.
A new IRS inspector general report says the agency continued to give 19 contractors access to sensitive systems despite failing background reports as recently as last July.
The IRS says it expects to collect hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated using funding provided to the agency by the Democrats’ Inflation Reduction Act.
As tax filing season officially starts Monday, a limited number of taxpayers in 12 states will soon be eligible for a program that will allow them to calculate and submit their returns directly to the IRS without having to pay for commercial tax preparation software.
Tax season starts today and for many people filing U.S. tax returns — especially those doing it for their first time — it can be a daunting task that’s often left to the last minute.
A former contractor for the Internal Revenue Service who pleaded guilty to leaking tax information to news outlets about former President Donald Trump and thousands of the country’s wealthiest people was sentenced to five years in prison on Monday.
Congress is racing to wind down a tax break meant to encourage businesses to keep workers on the payroll during the COVID-19 pandemic.
The IRS says it has collected an additional $360 million in overdue taxes from delinquent millionaires.
The IRS is still too slow to process amended tax returns, answer taxpayer phone calls and resolve identity theft cases, according to an independent watchdog within the agency.
No matter who takes home the College Football Playoff championship Monday night in Houston, a rare nonprofit from the murky, still-developing world of Name, Image, Likeness programs is set to come out on top.
The IRS says it's going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 a year for tax years 2020 or 2021.
Last year, Americans lost more than $1.3 billion to romance imposters who employ a tactic federal agents call “Pig Butchering.”
The IRS plans to invite a select group of taxpayers across 13 states to try out the agency’s pilot electronic free file tax return system, beginning this January.
A former contractor for the Internal Revenue Service charged with leaking tax information to news outlets about former President Donald Trump and thousands of the country’s wealthiest people pleaded guilty Thursday in an agreement with prosecutors.
The Internal Revenue Service says Microsoft owes the U.S. Treasury $28.9 billion in back taxes, plus penalties and interest.
A former contractor for the Internal Revenue Service has been charged with leaking tax information to news outlets about thousands of the country’s wealthiest people.
The Internal Revenue Service said Thursday it will pause accepting claims for a pandemic-era tax credit until 2024 due to rising concerns that an influx of applications are fraudulent.
The IRS is launching an effort to crack down on 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes.
A Central Florida woman was sentenced to 12 months in prison for wire fraud “part of a scheme to defraud the Paycheck Protection Program (PPP) out of loan proceeds,” according to a news release.
Most taxpayers will be able to digitally submit a slew of tax documents and other communications to the IRS next filing season and the agency plans to go completely paperless in 2025.
The IRS says it is ending its decades-old policy of making unannounced home and business visits — in a an effort to keep its workers safe and combat scammers who pose as IRS agents.
Plans by the IRS to test a new electronic free-file tax return system next year have got supporters and critics of the idea mobilizing over whether the government should set up a permanent program to help people file their taxes without needing to pay somebody else to figure out what they owe.
The IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avoid budget cuts sought by Republicans who want to gut the agency.
The Internal Revenue Service told News 6 the Taxpayer Assistance Center in Maitland, FL, has moved to 201 South Orange Ave. in Orlando, FL 32801.
The IRS has processed tens of millions of tax returns faster this year compared with years past, and getting through to customer service on the phone is slowly improving.
Republicans are seeking to make good on campaign promises to reduce IRS funding through the proposed debt ceiling and budget cuts package passed by Congress.
The IRS is taking steps to protect the identity of its workers in an effort to deter personal threats aimed at the tax agency's employees.
Senators who have been arguing over how much money to give the IRS and how it should be spent found at least one point of unanimity as they considered President Joe Biden’s nominee to lead the agency on Wednesday.
The Internal Revenue Service is recommending that taxpayers hold off on filing their tax returns for 2022 if they received a special tax refund or payment from their state last year.
The IRS is beginning to see “a light at the end of the tunnel” of its customer service struggles, thanks to tens of billions of new money from the Democrats’ climate and health law and the authority to hire more people.
House investigators say a federal contractor that provided identity verification services for the Internal Revenue Service overstated its capacity to perform its services.
The flagship climate change and health care bill passed by Democrats and soon to be signed by President Joe Biden will bring U.S. taxpayers one step closer to a government-operated electronic free-file tax return system.
One of Washington’s favorite punching bags, the Internal Revenue Service, may finally get the resources it’s been asking Congress for if Democrats get their economic package focused on energy and health care over the finish line.
A new government watchdog report finds that while most Americans are eligible to file their taxes for free, only a fraction use the services provided through the government.
For those animal lovers who spend so much money on their pets and hope to recoup some of that cash spent when tax season arrives, this is the cold, hard reality: For the most part, you can’t.
The IRS is announcing plans to hire 10,000 new workers to help reduce a massive backlog that the Biden administration says will make this tax season the most challenging in history.
At a time when calls to the IRS have reached record levels, a private company lets those who are willing to pay jump to the front of the line to get their phone calls answered.
The IRS sys it will stop using facial recognition technology to authenticate people who create online accounts after the practice came under criticism from privacy advocates and lawmakers.
The case of two Orange County women convicted of a four-year multimillion-dollar tax fraud conspiracy was highlighted by the Internal Revenue Service as a one of the most high-profile investigations of 2021.
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A complaint filed with the IRS alleges that a conservative group is violating its nonpartisan and nonprofit status by using a voter data system linked to the Republican party.
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If the Internal Revenue Service didn’t have enough information to get you stimulus money, they’re trying to make up for it now.
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