Elon Musk's DOGE agency may launch a mobile app to file your taxes
Musk and Ramaswamy's DOGE may create a free mobile app for tax filing, aiming to simplify the tax process for Americans.
The IRS is rolling out its free tax-filing tool to 30 million Americans-and surprisingly, it's great
The IRS introduces Direct File, enabling 30 million Americans to file taxes online for free, transforming tax filing processes.
Taxpayers in California and 23 other states will be able to file their returns directly with the IRS in 2025
The IRS is permanently expanding its Direct File program for free tax filing, serving over 30 million taxpayers starting in 2025.
IRS offers free Direct File for federal taxes to 24 states - how to check if you qualify
IRS expands direct file program to 24 states for free federal tax filing.
After modest debut, free tax filing service from IRS to expand to more taxpayers
IRS expanding Direct File program to allow more Californians to file federal tax returns online for free, aiming for all 50 states by 2025.
Hill Dems question IRS on identity verification requirements for Direct File
IRS identity verification for Direct File creates barriers for taxpayers, hindering access especially for those needing assistance to file their taxes.
Elon Musk's DOGE agency may launch a mobile app to file your taxes
Musk and Ramaswamy's DOGE may create a free mobile app for tax filing, aiming to simplify the tax process for Americans.
The IRS is rolling out its free tax-filing tool to 30 million Americans-and surprisingly, it's great
The IRS introduces Direct File, enabling 30 million Americans to file taxes online for free, transforming tax filing processes.
Taxpayers in California and 23 other states will be able to file their returns directly with the IRS in 2025
The IRS is permanently expanding its Direct File program for free tax filing, serving over 30 million taxpayers starting in 2025.
IRS offers free Direct File for federal taxes to 24 states - how to check if you qualify
IRS expands direct file program to 24 states for free federal tax filing.
After modest debut, free tax filing service from IRS to expand to more taxpayers
IRS expanding Direct File program to allow more Californians to file federal tax returns online for free, aiming for all 50 states by 2025.
Hill Dems question IRS on identity verification requirements for Direct File
IRS identity verification for Direct File creates barriers for taxpayers, hindering access especially for those needing assistance to file their taxes.
Bipartisan senate duo seeks to push IRS customer service forward
The Improving IRS Customer Service Act aims to enhance online services for taxpayers, improving accessibility and communication regarding refunds and IRS queries.
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.
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.
Bipartisan senate duo seeks to push IRS customer service forward
The Improving IRS Customer Service Act aims to enhance online services for taxpayers, improving accessibility and communication regarding refunds and IRS queries.
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.
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.
How the US government can stop 'churches' from getting treated like real churches by the IRS
The IRS's classification of certain organizations as churches raises serious concerns about potential tax code abuse and the need for revised definitions.
LockBit claims it ransomed IRS-authorized eFile.com
LockBit allegedly compromises eFile.com, threatening personal and financial data just before critical IRS deadlines.
A Proposed Law That Would Exclude Tips From Income Taxes Will Create More Problems Than Benefits
Excluding tip income from taxes may complicate tax laws despite possible economic benefits for low-wage workers.
IRS Shares New Crypto Tax Form, Invites Industry Input
The updated U.S. tax form for crypto investors' brokerage accounts brings more ease and clarity for reporting taxable events.
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.
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.
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.
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.
U.S. citizens detained abroad still face tax fines. Lawmakers want to change that
The U.S. government bills former Iran hostage Jason Rezaian over $22,000 for taxes while imprisoned, despite bipartisan acknowledgement of the unfairness.
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.
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.
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.
U.S. citizens detained abroad still face tax fines. Lawmakers want to change that
The U.S. government bills former Iran hostage Jason Rezaian over $22,000 for taxes while imprisoned, despite bipartisan acknowledgement of the unfairness.
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.
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.
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.
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.
Identity theft has caused a backlog of 500,000 cases at the IRS, leaving taxpayers without refunds, posing a significant challenge to the agency.
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.
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.
Rampant Identity Theft Is Taxing the I.R.S.
Identity theft has caused a backlog of 500,000 cases at the IRS, leaving taxpayers without refunds, posing a significant challenge to the agency.
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.
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.
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.
'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.
Maine Senator Collins Challenges Janet Yellen On IRS Remote Work Policies
Senator Collins questions IRS remote work practices amidst data discrepancies.
The Morning Risk Report: IRS Apologizes to Billionaire Ken Griffin for Leak of Tax Records
The IRS apologized to Ken Griffin for tax return leak.
I.R.S. Extends Freeze of Pandemic-Era Tax Credit Amid Widespread Fraud
The IRS is intensifying efforts to combat fraud in the Employee Retention Tax Credit program, freezing new claims and denying erroneous ones.
Tesla Model 3 variant added to EV tax credit qualification list
Car buyers can now receive the $7,500 electric vehicle tax credit for Tesla's Model 3 Long Range All-Wheel-Drive configuration at the point of sale.