The IRS's shrinking budget - along with new responsibilities like stimulus checks and child tax credit payments - could be delaying your refund.
Americans have been leaving high-tax states for for years, IRS data shows. While "tax migration" isn't confirmed, the evidence of it is mounting.
"By design, most crypto virtual currencies are designed to stay off the radar screen," the head of the IRS told the Senate's finance committee.
The bill introduced by Sen. Elizabeth Warren would help close the tax gap by boosting the annual IRS budget from $11.9 billion to $31.5 billion.
The Treasury Department released new proposals to strengthen IRS enforcement, including doubling staffers to help combat tax evasion.
The IRS shed over 30,000 full-time positions as Republicans cut its budget by a fifth over the last decade. Audits declined 42% between 2010 and 2017.
Biden's plan to reclaim $780 billion over 10 years would close about 8% of a collection gap that the IRS chief says could be as high as $1 trillion.
President Joe Biden's $1.5 trillion "skinny budget" on Friday proposed a 10.4% increase in the Internal Revenue Service's budget, for more audits.
Using the IRS to send stimulus payments glossed over roughly 12 million Americans with incomes below the tax-filing threshold, Fed researchers said.
House Democrats had given the Social Security Administration a 24-hour deadline to provide the IRS with necessary payment information.
Experts say the IRS could potentially settle on a quarterly payment system. Democrats want to avoid a bungled rollout along the lines of Obamacare.
IRS Commissioner Chuck Rettig says the agency is aiming to provide refunds so some people don't have to file amended returns for a stimulus tax break.
A man from Columbia, Maryland, was charged after tweeting threats to “explode the IRS headquarters” and kill House Speaker Nancy Pelosi. Cody Wolf Gideon Mohr, 27, of Columbia, Maryland, was arrested earlier Thursday after a criminal complaint was filed related to his tweets. Investigators identified Mohr as the user behind […]
The billionaire investor Robert Smith is the subject of a federal investigation into potential tax crimes, Bloomberg reported Friday, citing unnamed sources. Federal authorities have spent four years investigating whether he failed to pay taxes on $US200 million in assets that were moved through offshore entities, Bloomberg added, citing its […]
US employment is likely to be lower by millions of jobs for years following the coronavirus pandemic and ensuing recession, according to a Thursday report from the IRS. The IRS report estimates that about 229.4 million W-2 forms – which report earnings from work – will be filed for the […]
About 12 million people could miss out on a stimulus check, according to the Centre on Budget and Policy Priorities. The group includes a substantial number of Black and Latino people. “This group of non-filers eligible for payments are disproportionately people of colour because they are likelier to have lower […]
Millions of Americans are getting a $US1,200 payment from the US government as part of the coronavirus pandemic response. The easiest way to check on the status of your payment is through the IRS website, but a lot of users are getting a “payment status not available” error when entering […]