The Latest Breaking News from IRS

WASHINGTON — The IRS will use part of its new $80 billion influx of cash to fully staff in-person help centers, increase phone and online services and assemble a team of experts to guide the agency’s customer service efforts, Treasury Secretary Janet L. Yellen announced Thursday.

President Joe Biden is likely to nominate Beth Kaufman, a partner at the law firm Caplin & Drysdale, to be the top lawyer at the Internal Revenue Service as the White House prepares to overhaul the agency’s leadership, according to people familiar with the matter.

Treasury Secretary Janet Yellen is laying out her vision for a modernized, responsive, tech-savvy tax collection agency equipped to manage 21st century challenges

The IRS will use part of its new $80 billion influx of cash to fully staff in-person help centers and increase phone and online services.

Did a shiver go down your spine when you heard that Congress is pouring a whopping $80 billion into the Internal Revenue Service over the next 10 years to beef up the nation's tax collection system?

Sir Isaac Newton’s Third Law of Motion states that for every action, there is an equal and opposite reaction. While Newton was describing this phenomenon in relation to physics, the basic principle also applies to society in general.

Biden and Democrats celebrate "inflation reduction" law as CPI report tanks markets. Meanwhile, GOP proposes national abortion limits.

LUCKNOW: A special anti-corruption court on Monday sentenced a 1989-batch Indian Revenue Service (IRS) officer and then deputy commissioner, Income tax, Arvind Mishra to six years imprisonment and also imposed a fine of Rs 1.5 lakh on him for accepting a Rs 15,000 bribe, 23 years ago.

The court also slapped a fine of Rs 1.50 lakh on the officer.

SEATTLE — Did you know it was once a misdemeanor to leave a tip in Washington state?

The IRS is refunding penalties it charged taxpayers for filing their 2019 and 2020 tax returns late, as a form of COVID-19 relief. The refunds don't apply to penalties for failing to pay your taxes.