internal revenue service
LI tax preparer bilked IRS out of $12M in COVID scheme she used to buy jewelry, a Honda -- and a house in DR: prosecutors
Damaris Beltre, 57, filed false tax returns for her clients between 2021 and 2024, and launched a scheme to illegally obtain Payroll Protection Program loans during the pandemic, federal prosecutors...
Millions of dollars in IRS refund checks sent through mail were stolen in massive fraud
More than 200 taxpayers who were expecting refund checks ranging from a few hundred dollars to $500,000 have complained to Rep. Nicole Malliotakis.
IRS collects over $1 billion in back taxes from wealthy dodgers
Treasury Secretary Janet Yellen and IRS Commissioner Danny Werfel revealed the total amount Friday during a visit to an IRS campus in Austin, Texas.
IRS hit Americans with $7B in tax penalties last year after Biden beefed up agency
Last year, the IRS issued $7 billion in tax penalties -- nearly four times the $1.8 billion that it assessed in 2022.
Warren Buffett predicts what feds will do to get massive fiscal deficit under control
"I think higher taxes are likely," the billionaire investor said on Saturday at Berkshire Hathaway's annual shareholder meeting in Omaha.
Pennsylvania state bills middle-class man $34B in baffling income notice
"The first thing he said was, 'You had a good year.' And I said, 'I wish.'"
Your tax refund could be delayed -- possibly for years: What to do if it happens to you
Identity theft, an inconsistency or faulty IRS computers could explain why some filers don't get the promised refund within a reasonable time frame.
This overlooked tool can help you pay a 0% tax rate on capital gains
Taxpayers who sold some investments last year may be able to employ an oft-overlooked tool to whittle down the taxes owed and qualify for a 0% rate.
IRS refunds are plunging as this year's tax season ramps up -- here's why
The IRS released filing season statistics as of early February compared to the year prior, and it showed that the average refund issued through Feb. 2 totaled $1,395 -- $568...
IRS warns of new 'scam mailing' scheme to trick taxpayers with fake unclaimed refunds
The Internal Revenue Service warned that thieves are resorting to a new "scam mailing" scheme this tax season, swindling taxpayers into handing over their bank routing and social security numbers.
IRS waiving $1B in penalties for people, firms owing back taxes -- here's who qualifies
Nearly 5 million people, businesses and tax-exempt organizations �most making under $400,000 per year �will be eligible for the relief starting this week, which totals about $1 billion.
IRS contractor charged with leaking tax returns of Donald Trump, wealthy people
The New York Times and ProPublica published numerous articles about the tax information, some of which dated back more than 15 years, charging documents state.
IRS plans to hire 3,700 auditors to crack down on wealthy tax dodgers
The agency issued a statement on Friday saying that it would fill positions in more than 250 locations nationwide.
Mets owner Steve Cohen balks at $10M tax bill, IRS 'campaign' against hedge funds
New York Mets owner and hedge fund titan Steve Cohen is fighting an Internal Revenue Service bid to force him and other money managers to pay additional self-employment taxes on...
IRS will stop showing up at homes unannounced in effort to protect agents, combat scammers
Except in a few unique circumstances, the agency will instead mail letters to people to schedule meetings.
McCarthy's debt-ceiling deal with Biden comes up short on vow to rein in IRS
Speaker Kevin McCarthy’s one debt-ceiling dealbreaker should have been his promise to defund President Biden’s massive $80 billion to turbocharge an already weaponized IRS.
IRS coverup of Hunter Biden could be scandal that sinks a presidency
IRS coverup of Hunter Biden could be scandal that sinks a presidency
Musk is right about Soros, libs�trouble with truth and other commentary
“Elon Musk has been accused of anti-Semitism because of his criticism�of fellow billionaire George Soros, notes Alan Dershowitz at The Wall Street Journal.
IRSÂ to spend $80B to hire 30,000 new employees, boost audits on wealthy
The IRS also will continue to ramp up customer service hiring after taking on 5,000 new taxpayer services staff in recent months to answer telephones, reopen taxpayer assistance centers and process tax returns.
Why your IRS tax refund may be smaller this year
The average refund check handed out to the 72 million Americans who filed their 2022 income tax returns as of March 17 was down 11%.