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IRS - U.S. Internal Revenue Service

  • IRS Issues Major Updates on Tax Refund Tool
    IRS Issues Major Updates on Tax Refund Tool
    Agency claims the updates will lead to fewer taxpayers needing to contact the IRS for issues related to refunds.
    February 28, 2024BY Naveen Athrappully
  • IRS’s Direct Tax-Filing Service Starts Accepting Users From 12 States
    IRS’s Direct Tax-Filing Service Starts Accepting Users From 12 States
    Direct File only works for a limited set of incomes and credits during the initial phase.
    February 28, 2024BY Naveen Athrappully
  • Number of IRS Refunds Drops 20 Percent From 2023
    Number of IRS Refunds Drops 20 Percent From 2023
    The total refund amount processed by the agency fell from $87 to $67 billion.
    February 27, 2024BY Naveen Athrappully
  • IRS Commissioner Claims Wealthy Americans Evading $150 Billion in Annual Taxes
    IRS Commissioner Claims Wealthy Americans Evading $150 Billion in Annual Taxes
    The agency has reportedly begun scrutinizing business jet usage and company partnerships for unpaid taxes.
    February 23, 2024BY Naveen Athrappully
  • IRS Warns Farmers and Fishermen of March 1 Tax Payment Deadline
    IRS Warns Farmers and Fishermen of March 1 Tax Payment Deadline
    Citizens earning at least two-thirds of their gross income from farming or fishing are classified under the profession ...
    February 22, 2024BY Naveen Athrappully
  • IRS to Open Taxpayer Assistance Centers on Saturdays
    IRS to Open Taxpayer Assistance Centers on Saturdays
    The centers will be opened one Saturday per month from February to May.
    February 15, 2024BY Naveen Athrappully
  • IRS Warns Businesses to Report Falsely Claimed Pandemic Credit by March 22 Deadline
    IRS Warns Businesses to Report Falsely Claimed Pandemic Credit by March 22 Deadline
    The credits were granted to businesses affected by government orders during the COVID-19 pandemic.
    February 14, 2024BY Naveen Athrappully
  • IRS Watchdog Exposes Agency’s Poor Security Measures in Securing Tax Data
    IRS Watchdog Exposes Agency’s Poor Security Measures in Securing Tax Data
    19 contractors had access to the IRS’s sensitive systems despite failing background checks.
    February 12, 2024BY Naveen Athrappully
  • IRS Tax Refund Is Nearly 30 Percent Lower This Filing Season
    IRS Tax Refund Is Nearly 30 Percent Lower This Filing Season
    The total tax refunds sent by the IRS dropped by more than 76 percent as of Feb. 2.
    February 10, 2024BY Naveen Athrappully
  • IRS Promotes Business Tax Credits for Assisting Employees’ Childcare Needs
    IRS Promotes Business Tax Credits for Assisting Employees’ Childcare Needs
    Businesses can claim up to 25 percent of expenses related to childcare facility services offered to employees as ...
    February 9, 2024BY Naveen Athrappully
  • Scammers Targeting Tax Preparers to Steal Client Data: IRS
    Scammers Targeting Tax Preparers to Steal Client Data: IRS
    Fraudsters use the data to file and claim fake tax refunds.
    February 9, 2024BY Naveen Athrappully
  • IRS Revenues Could Reach $851 Billion If IRA Funding Sustained
    IRS Revenues Could Reach $851 Billion If IRA Funding Sustained
    The tax agency intends to use the extra funds to go after crypto transactions and use ‘behavioral science ...
    February 8, 2024BY Naveen Athrappully
  • IRS Updates Form 1099-K Guidance, Confirms Reporting Threshold for Online Sale Receipts
    IRS Updates Form 1099-K Guidance, Confirms Reporting Threshold for Online Sale Receipts
    The form is issued for taxpayers engaged in the sale of goods or services online.
    February 8, 2024BY Naveen Athrappully
  • GOP AGs Warn IRS Against ‘Unconstitutional’ Direct Tax Filing
    GOP AGs Warn IRS Against ‘Unconstitutional’ Direct Tax Filing
    The IRS began to assume the role of a tax preparer this season encouraging citizens to file directly ...
    February 2, 2024BY Naveen Athrappully
  • Disaster Victims Should File 2022 Returns by Feb. 15: IRS
    Disaster Victims Should File 2022 Returns by Feb. 15: IRS
    Some taxpayers from eight states and two territories who were affected by disasters last year were granted tax ...
    February 1, 2024BY Naveen Athrappully
  • IRS Notifies Employers to File Wage Statements With Social Security Administration by Jan. 31
    IRS Notifies Employers to File Wage Statements With Social Security Administration by Jan. 31
    The social security administration uses the submitted forms to calculate benefits entitled to an employee.
    January 30, 2024BY Naveen Athrappully
  • 2024 Tax Seasons Begins: Here’s a Guide to Help Filing Your Taxes
    2024 Tax Seasons Begins: Here’s a Guide to Help Filing Your Taxes
    Higher income tax brackets and online filing options without income limits are some of the new updates to ...
    January 29, 2024BY Naveen Athrappully
  • IRS to Launch Direct File Online Tax Filing System Soon
    IRS to Launch Direct File Online Tax Filing System Soon
    Only a limited set of incomes, credits, and deductions will be allowed in the Direct File’s pilot phase.
    January 26, 2024BY Naveen Athrappully
  • IRS Targets Sports Teams as Agency Boosts Enforcement Against Wealthy Tax Filers
    IRS Targets Sports Teams as Agency Boosts Enforcement Against Wealthy Tax Filers
    Buying and running sports teams come with certain tax breaks
    January 26, 2024BY Naveen Athrappully
  • IRS Redesigning ‘Long and Difficult’ Notices to More Simple Version for Taxpayers
    IRS Redesigning ‘Long and Difficult’ Notices to More Simple Version for Taxpayers
    The effort will affect 170 million notices sent to individual taxpayers annually and over 40 million sent to ...
    January 24, 2024BY Naveen Athrappully
  • Taxpayers Must Report Digital Asset Incomes When Filing Returns: IRS
    Taxpayers Must Report Digital Asset Incomes When Filing Returns: IRS
    All taxpayers filing returns must confirm or deny whether they conducted a digital transaction.
    January 23, 2024BY Naveen Athrappully
  • Tax-Exempt Organizations May Face Filing Delays Due to IRS System Upgrades
    Tax-Exempt Organizations May Face Filing Delays Due to IRS System Upgrades
    Only organizations with tax due dates of April 15 or later will be able to file the forms ...
    January 19, 2024BY Naveen Athrappully
  • Government Shutdown Will Disrupt 2024 Tax Filing Season: IRS Chief
    Government Shutdown Will Disrupt 2024 Tax Filing Season: IRS Chief
    Government funding for the IRS could stop on Feb. 2 and force the agency to furlough employees.
    January 13, 2024BY Naveen Athrappully
  • IRS Asks Employers to File Wage Statements, Independent Contractor Forms by Jan. 31 Deadline
    IRS Asks Employers to File Wage Statements, Independent Contractor Forms by Jan. 31 Deadline
    Businesses that file 10 forms or more per year are required to submit them electronically.
    January 10, 2024BY Naveen Athrappully
  • 2024 Tax-Filing Season to Begin on Jan. 29: IRS
    2024 Tax-Filing Season to Begin on Jan. 29: IRS
    The agency expects to receive more than 128 million individual tax returns by the deadline on April 15.
    January 9, 2024BY Naveen Athrappully
  • IRS Announces Tax Relief for Tennessee Taxpayers Impacted by Tornado, Storms
    IRS Announces Tax Relief for Tennessee Taxpayers Impacted by Tornado, Storms
    The relief is currently applicable in four counties—Davidson, Dickson, Montgomery, and Sumner.
    December 23, 2023BY Naveen Athrappully
  • IRS Issues Warning Over Withdrawals Required Before End of Year
    IRS Issues Warning Over Withdrawals Required Before End of Year
    Failure to withdraw the required amount on time can attract penalties of 25 percent.
    December 21, 2023BY Naveen Athrappully
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    Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
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    3hr By Jack Phillips
    Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
  • Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
    3hr By Savannah Hulsey Pointer
    Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
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    10hr By Lawrence Wilson
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  • US Bankruptcy Filings Increase 7 Percent Yearly
    11hr By Naveen Athrappully
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  • How a Tiny Insect Decimated Florida’s Citrus, and What Orchardists Are Doing About It
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