WEATHER ALERT
A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?
Read full article: A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks.
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Read full article: IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in powerIRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes.
Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers
Read full article: Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgersThe IRS has collected $1.3 billion from high-wealth tax dodgers since last fall, the agency says, crediting spending that has ramped up collection enforcement through President Joe Biden's signature climate, health care and tax package signed into law in 2022.
The IRS has 940,000 unclaimed tax refunds from 2020 that are about to expire. Is one of them yours?
Read full article: The IRS has 940,000 unclaimed tax refunds from 2020 that are about to expire. Is one of them yours?The IRS is warning taxpayers that they may be leaving more than $1 billion on the table.
IRS chief zeroes in on wealthy tax cheats in AP interview
Read full article: IRS chief zeroes in on wealthy tax cheats in AP interviewIRS Commissioner Danny Werfel says in a wide-ranging interview with The Associated Press the federal tax collector will expand its pursuit of high-wealth tax dodgers with new initiatives in the coming months.
A COVID-era program is awash in fraud. Congress aims to wind it down and expand the child tax credit
Read full article: A COVID-era program is awash in fraud. Congress aims to wind it down and expand the child tax creditCongress is racing to wind down a tax break meant to encourage businesses to keep workers on the payroll during the COVID-19 pandemic.
New IRS leader promises faster, easier tax filing process
Read full article: New IRS leader promises faster, easier tax filing processThe Internal Revenue Service’s new commissioner promises that with billions in new funding, the agency will be faster, more service-focused and tech- savvy and will provide “real-world improvements” to taxpayers.