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So last year the IRS received $80 billion in federal funds to improve customer service, upgrade technology and crack down on tax evasion. As of early March, the IRS also has a new commissioner.
The IRS announced Tuesday in Notice 2024-7 that it will provide about $1 billion in penalty relief to almost 5 million taxpayers who did not receive automated collection reminder notices during the ...
More changes are coming to the IRS. That’s according to Commissioner Danny Werfel, who announced plans for a new leadership structure at the agency.
The IRS reversed decades of legal precedent in a July 7 court filing by saying that churches and other religious 501c (3) organizations can endorse political candidates in certain circumstances.
Is the IRS more likely to audit some people than others? A study that included scholars and researchers from the Treasury Department finds Black Americans are three times more likely to be audited.
The IRS is working to develop its own free electronic tax-filing system in a potential challenge to commercial products such as TurboTax. The agency plans a pilot test of the program next year.
The top IRS official is resigning after a deal between the agency and immigration authorities to share sensitive data. For decades, the IRS encouraged undocumented immigrants to file taxes with ...
The IRS announced Friday, Feb. 10, 2023, that most relief checks issued by states last year aren't subject to federal taxes, providing 11th hour guidance as tax returns start to pour in.
Democratic Congress members are calling for the IRS to scrutinize a nonprofit that supports defendants charged in the Jan. 6, 2021, attack on the U.S. Capitol and has close ties to the Trump campaign.
The IRS plans to ask workers who accepted offers of deferred resignation and early retirement to come back to work — an ...
Making this common IRS mistake could cost you big this summer—learn how to avoid penalties and protect your money.