#IRS

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california
Los Angeles Times
1 month ago
Los Angeles

Still haven't filed your taxes? How to avoid penalties or lost refunds

Taxpayers affected by natural disasters in California may receive extended deadlines for filing tax returns. [ more ]
Los Angeles Times
2 months ago
California

New IRS Direct File program now available in California

Direct File service from the IRS is a new, user-friendly option for simple tax returns in California and other states.
Direct File is designed for taxpayers with basic income sources and limited credits and deductions, excluding self-employed individuals. [ more ]
Los Angeles Times
2 months ago
Los Angeles

IRS gives taxpayers in disaster-stricken San Diego County two extra months to file returns

Taxpayers in San Diego County have an extended deadline until June 17 to file returns and pay taxes due to recent winter storms.
Relief extended to other California localities affected by storms if added to the disaster area. [ more ]
Sacramento Bee
3 months ago
California

When will I get my California and federal tax refund? Here's the earliest cash could come

California's Franchise Tax Board began accepting returns on Jan. 2.
If you file electronically through the FTB and IRS, you should get a refund in 21 calendar days. [ more ]
morecalifornia
taxes
time.com
1 month ago
Artificial intelligence

Can AI Help You Do Your Taxes?

Tax companies are using AI tools to simplify tax filing processes by automating tasks, identifying tax breaks, and minimizing compliance risks.
Taxpayers should not solely rely on AI tools for tax filing due to inaccuracies, but AI is predicted to significantly impact the tax industry in the future. [ more ]
Sacramento Bee
3 months ago
California

Can I file my taxes for free through the IRS? Here's how the new Direct File program works

The IRS is launching a new, free way to file taxes called the Direct File pilot program.
The program is currently limited and requires an invitation to participate, but it is expected to be more widely available in mid-March. [ more ]
moretaxes
Fast Company
1 week ago
Business

IRS will audit more high-income taxpayers and large corporations. Here's what that means

The IRS is intensifying audits on high-income taxpayers and large corporations to address the tax gap and is enhancing its workforce to carry out these enforcement actions. [ more ]
time.com
2 weeks ago
Business

IRS Acts to Address Wide Disparity in Audit Rates Between Black Taxpayers and Other Filers

The IRS is addressing audit rate disparities by focusing on wealthy individuals and major companies while aiming for fair, equitable, and effective tax administration. [ more ]
www.mercurynews.com
6 days ago
Left-wing politics

Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower

Former President Trump may face a hefty IRS bill of over $100 million due to alleged double-dipping on tax losses related to a Chicago skyscraper. [ more ]
Truthout
2 months ago
Left-wing politics

IRS Pursues 125,000 Non-Filing Cases in Crackdown on Wealthy Tax Evaders

High-income earners are being pursued by the IRS for failing to file tax returns since 2017.
Increased IRS funding is enabling enforcement actions against non-filing high-income individuals. [ more ]
Truthout
3 months ago
Left-wing politics

IRS Estimates $561B Tax Revenue Rise With Crackdown on Corporations and the Rich

The IRS could collect up to $561 billion in additional tax revenue between 2024 and 2034, thanks to increased funding and new initiatives enabled by the 2022 Inflation Reduction Act.
If lawmakers renew and expand the IRA funding, the IRS could collect an additional $851 billion in tax revenue over the next decade.
The increase in funding for the IRS is directly attributed to the $80 billion passed by Democrats, which Republicans opposed. [ more ]
New York Post
3 months ago
Left-wing politics

GOP Rep. Dan Meuser demands IRS investigate Biden's $240K loan repayments from brother

Republican Rep. Dan Meuser has demanded an IRS investigation into $240,000 in loan repayments by President Biden from his brother.
Meuser questions the legality and transparency of the loans and whether interest was reported in Biden's tax filings. [ more ]
Truthout
4 months ago
Left-wing politics

IRS Funding Targeted by GOP Has Allowed Agency to Recover $500M From the Rich

An infusion of funding for the IRS has allowed the agency to recover over half a billion dollars in unpaid taxes owed by wealthy individuals.
The Democrats' 2022 Inflation Reduction Act allocated additional funding for the IRS to go after wealthy tax cheats, leading to immediate impact and a call for continued funding. [ more ]
Nextgov.com
3 weeks ago
Artificial intelligence

IRS commissioner indicates AI will play growing role in future tax collection

The IRS plans to use AI, like virtual chatbots for taxpayers and tools for agents to detect tax fraud. [ more ]
www.theguardian.com
1 month ago
Marketing

Don't believe these TikTok tax tips, say experts: Anyone who follows this is in for a world of hurt'

Beware of bad tax advice circulating on TikTok, potentially leading to penalties for inaccurate information.
The US tax code complexity makes it risky to rely on TikTok for tax advice without professional guidance. [ more ]
TechCrunch
3 months ago
Marketing

Some IRS employees still access TikTok despite ban on government devices | TechCrunch

The TikTok ban on U.S. government devices is proving hard to enforce.
TikTok employees sometimes share data with their China-based parent company, despite efforts to keep U.S. user data on Oracle servers. [ more ]
First For Women
1 month ago
Career

IRS Work From Home Jobs: All You Need to Know | First For Women

IRS offers a variety of work-from-home jobs that do not require an accounting degree.
IRS is hiring a significant number of new employees, making it a good time to apply. [ more ]
www.nytimes.com
3 months ago
US politics

I.R.S. Commissioner Aims to Show Progress Amid Threats of Budget Cuts

Daniel Werfel has made improvements to the IRS, such as clearing backlogs and reducing wait times, but Republicans still accuse him of intrusive behavior.
Werfel will face a hostile reception as he defends his agency's budget and explains the benefits of a well-funded IRS. [ more ]
time.com
3 months ago
US politics

Charles Littlejohn, Leaker of Trump's Tax Returns, Sentenced to 5 Years in Prison

Former IRS contractor sentenced to 5 years for leaking tax information on Trump and wealthy individuals
Judge imposes maximum sentence, stating the crime targeted the nation's system of government [ more ]
www.nytimes.com
3 months ago
US politics

Former Contractor Who Leaked Trump's Tax Returns Sentenced to 5 Years in Prison

Former IRS contractor sentenced to five years in prison for leaking tax records of wealthy Americans, including Donald Trump.
Prosecutors say his actions are unparalleled in the history of the IRS. [ more ]
www.nytimes.com
4 months ago
US politics

Effort to Revamp I.R.S. Struggles Despite Multibillion-Dollar Infusion

The IRS has not yet solved its struggles in answering customer calls, addressing identity theft, and processing amended tax returns.
The agency's funding is facing significant cuts despite ongoing challenges and the need to improve customer service. [ more ]
Brooklyn Paper
3 months ago
Brooklyn

East Flatbush tax preparer faces three years in prison over $1.1M false return scheme * Brooklyn Paper

Former owner of East Flatbush tax preparation business pleads guilty to stealing $1.1 million through false return scheme.
Melinda Jacob inflated clients' tax refunds by submitting false tax returns claiming fictitious expenses. [ more ]
Washington Post
3 months ago
US news

Perspective | 'Despair' over IRS service turns to 'cautious optimism,' says advocate

The IRS is rebuilding after years of poor customer service.
The agency has been restoring its customer service workforce and improving its level of service. [ more ]
Above the Law
4 months ago
Law

Did The Creator Of Barbie Engage In Tax Evasion?

Ruth Handler, the creator of Barbie, was never convicted or even charged with tax evasion.
Handler was indicted for making false statements to the SEC and pleaded no contest, resulting in a fine and community service. [ more ]
Coindesk
6 months ago
Privacy professionals

'We're Not Asking for Special Treatment': Coin Center on the Proposed IRS Broker Rules

The IRS broker rule, which expands the definition of a broker to encompass anything that touches code in crypto, has been widely criticized as overbroad and a violation of civil liberties.
Coin Center argues that the broker rule is impossible to comply with and could have devastating consequences for the crypto industry.
Over 120,000 public comments have been filed in response to the proposed rule, with many expressing concern and opposition. [ more ]
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