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IRS - U.S. Internal Revenue Service
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, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
IRS to Open Taxpayer Assistance Centers on Saturdays
The centers will be opened one Saturday per month from February to May.
February 15, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
Scammers Targeting Tax Preparers to Steal Client Data: IRS
Fraudsters use the data to file and claim fake tax refunds.
February 9, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
IRS Targets Sports Teams as Agency Boosts Enforcement Against Wealthy Tax Filers
Buying and running sports teams come with certain tax breaks
January 26, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
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, 2024
BY
Naveen Athrappully
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, 2023
BY
Naveen Athrappully
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, 2023
BY
Naveen Athrappully
TOP NEWS
Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
NEW
By
T.J. Muscaro
Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
3hr
By
Jack Phillips
Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
3hr
By
Savannah Hulsey Pointer
US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
5hr
By
Jacki Thrapp
US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
6hr
By
Jacki Thrapp
Fascia: The Living, Interconnected Web Behind Movement and Healing—How to Enhance Its Function
6hr
By
Mercura Wang
Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
10hr
By
Lawrence Wilson
US Bankruptcy Filings Increase 7 Percent Yearly
11hr
By
Naveen Athrappully
How a Tiny Insect Decimated Florida’s Citrus, and What Orchardists Are Doing About It
12hr
By
Jacob Burg
Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
17hr
By
Melanie Sun