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The Latest Breaking News from Internal Revenue Service

StateHouse Holdings Reaches Agreement With IRS To Resolve Legacy Federal Tax Obligations

StateHouse Holdings Inc. (OTCQX: STHZF) (CSE:STHZ) has reached a partial payment installment agreement with the Internal Revenue Service related to the fed

Benzinga

China Kinda Sus: Indictment for "Transnational Repression Scheme to Silence Critics" of China in U.S.

Defendants include a DHS employee and a retired DHS law enforcement agent.

Reason

Feds open investigation of former Detroit Mayor Kilpatrick to recoup taxpayer money squandered in scandal

DETROIT — Federal prosecutors opened an investigation Thursday in an effort to force former Detroit Mayor Kwame Kilpatrick to pay restitution to taxpayers amid questions about whether he had started paying $1.7 million debt to the city and Internal Revenue Service.

Tribune News Service

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Editorial: 2 'random' IRS audits miraculously target 2 high-profile Trump enemies

James Comey and Andrew McCabe, who both headed the FBI and both clashed with then-President Donald Trump, found themselves miraculously selected for “random” deep-dive audits by the Internal Revenue Service in 2019 and 2021. The chance of both Comey and McCabe being randomly selected out of more than 150 million…

St. Louis Post-Dispatch

California taxpayers told they owe the IRS money when they already paid. Here’s why

SACRAMENTO, Calif. — The Internal Revenue Service has sent letters to taxpayers throughout California telling them they owe money — and hefty penalties and interest — for their 2021 taxes even though they had already paid everything they were obligated to pay.

Tribune News Service

IRS erases last season's backlog, but still faces 2022 crush

The Internal Revenue Service says that it will have erased its backlog of last season’s tax returns by the end of this week

The Independent UK

Your phone just got more protection against spam calls. But it's not safe yet

If you haven't been warned recently that your car warranty has expired, that something has gone badly wrong with your Social Security account or that you are in big trouble with the Internal Revenue Service, then you must not have a phone.

Los Angeles Times

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Arizona Secretary of State raises $3.69 million this election cycle

According to the most recent campaign finance reports filed with the Arizona Secretary of State’s office, Arizona Secretary of State Katie Hobbs has raised $3.69 million and spent $2.19 million between Jan. 1, 2021 and Mar. 31, 2022. Hobbs is currently ranked third in state-level donations in the 2022 election…

Ballotpedia

Intuit To Settle TurboTax Claims

Intuit Inc (NASDAQ:INTU) agreed to pay $141 million to settle claims by all 50 U.S. states and Washington, D.C. The states alleged that beginning in 2016, Intuit steered customers eligible for IRS Free File into using TurboTax Free Edition, only to later tell them they needed to pay $59.99 or more to file…

Benzinga

Amgen's Q1 Better Than Expected Sales, Profit Overshadowed By Tax Disclosure

Amgen Inc (NASDAQ: AMGN) has recently received a notice of deficiency from the Internal Revenue Service centered on 2013 to 2015.

Benzinga

Looking for a tax refund loan? It’s probably not worth it, experts say

Last-minute filers are working to ship their returns off to the Internal Revenue Service by the 2021 tax year deadline on Monday, April 18 — and likely are looking forward to a hefty check via their tax refund.

Tribune News Service

Editorial: How for-profit colleges stay a step ahead of the law

The Future Tech Career Institute on South Michigan Avenue in Chicago stands accused of cheating students out of a promised education, which, unfortunately, is nothing new at for-profit colleges.

Chicago Tribune

Exclusive-U.S. suspends tax information exchange with Russian authorities

The U.S. Internal Revenue Service has suspended information exchanges with Russia's tax authorities in a bid to hamper Moscow's ability to collect taxes and fund its war against Ukraine, the Treasury Department told Reuters on Tuesday.

Reuters

Commentary: The IRS doesn’t need more workers, it needs less work

Tax day is approaching, and a shorthanded Internal Revenue Service just got a $675 million boost (6%) from Congress and the president. But money won’t fix this problem. We can solve it—and maybe some other problems—with tax reform.

Tribune News Service

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McClatchy Washington Bureau

The IRS promises your tax refund within three weeks. Here are some exceptions

WASHINGTON — More people are getting bigger federal tax refunds this year, but not everyone will be getting their refund within the 21 days the Internal Revenue Service promised.

Tribune News Service

Commentary: The IRS must be properly funded; here’s why

The Internal Revenue Service is the government agency that taxpayers “love to hate,” but starving it to death is bad for the country. The Biden administration’s Build Back Better legislation, which includes critically needed funding for the IRS, in now in limbo. The president has promised to fashion a stripped-down…

Los Angeles Times

Michael Hiltzik: Proof the IRS targets the poor for tax audits while leaving millionaires alone

The Internal Revenue Service's preference for handling millionaires and billionaires with kid gloves has been known and documented for years.

Tribune News Service

IRS sees path to cut lengthy phone waits, massive refund backlog

There’s a glimmer of hope for frustrated taxpayers who have been unable to reach the Internal Revenue Service or have had their tax refunds held up by massive processing backlogs.

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Los Angeles Times

Congresswomen ask IRS to look at Golden Globes group's tax exempt status

LOS ANGELES — More than a year after a Los Angeles Times investigation into the Hollywood Foreign Press Association, a pair of congresswomen have sent a letter to the Internal Revenue Service, asking for an investigation into the organization's tax-exempt status.

Los Angeles Times

Michael Hiltzik: Don't blame the IRS for its lousy service. Blame Congress

With tax season already underway — the filing deadline this year is April 18 — complaints about the Internal Revenue Service are already rolling in.

Roll Call

Nondefense squeeze won't spare IRS in omnibus spending talks - Roll Call

The Internal Revenue Service won’t get the appropriations boost for this year that Democrats had hoped for.

Tribune News Service

IRS use of selfie software is ‘unacceptable’, key Democrat says

A senior Senate Democrat is urging the Internal Revenue Service to abandon the use of a facial recognition software for taxpayers to access their documents online.

Tribune News Service

IRS to end use of facial recognition to access tax accounts

The Internal Revenue Service will stop using controversial facial-recognition software for taxpayers trying to access online tax accounts over concerns about privacy and security.

Benzinga

Ethereum, Other Crypto Stakers, Miners Rejoice — The IRS Will Not Tax Unsold Tokens After All

The Internal Revenue Service will not tax unsold tokens — a major relief for both cryptocurrency stakers and miners.

The Conversation

The IRS already has all your income tax data – so why do Americans still have to file their taxes?

Doing taxes in the U.S. is notoriously complicated and costly. And it gets even worse when there are delays and backlogs, making it especially hard to reach the Internal Revenue Service for assistance.

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