The Latest Breaking News from IRS

725,000 people left California in 2020. Which states did they move to?

The most common destinations for California migrants were Texas, Arizona, and Nevada.

USAFacts · May 22, 2023

Bombay HC continues relief for Sameer Wankhede till June 8, takes his undertaking of not making press statements or tampering with witnesses

MUMBAI: Sameer Wankhede, the former Narcotics Control Bureau (NCB) zonal director in Mumbai accused by the Central Bureau of Investigation (CBI) in an alleged Rs 25 crore extortion and corruption case can continue to breathe easy till June 8.

The Times of India · May 22, 2023

Biden, McCarthy will attempt to salvage debt limit deal - Roll Call

President Joe Biden and Speaker Kevin McCarthy meet Monday to discuss how to raise the debt limit after a weekend of talks by proxies.

Roll Call · May 21, 2023

IRS chief says agency is 'deeply concerned' by higher audit rates for Black taxpayers

Findings from an internal investigation come after researchers said the IRS was at least three times more likely to audit Black taxpayers than other racial groups.

WEKU · May 16, 2023

IRS moves forward with free e-filing system in pilot program to launch in 2024

The IRS is planning to launch a pilot program for a government-run, online tax filing system that’s free for all

The Independent UK · May 16, 2023

The IRS is building its own online tax filing system. Tax-prep companies aren't happy

The IRS is working to develop its own free electronic tax-filing system in a potential challenge to commercial products such as TurboTax. The agency plans a pilot test of the program next year.

WEKU · May 16, 2023

The IRS is working on a TurboTax alternative to make filing your taxes easier

Free IRS software for filing your tax returns could topple TurboTax at last, but it may take years to reach everybody.

TechRadar · May 16, 2023

Stocks Close Higher on Hopes for U.S. Debt Ceiling Resolution

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.14%, and the Nasdaq 100 Index ($IU ) (QQQ ) closed up +0.55%. Stock indexes Monday closed moderately higher on hopes that...

Barchart · May 15, 2023

Simplify the Tax Code Instead of Creating an IRS Rival to TurboTax

Americans collectively spend billions of hours each year preparing their taxes. Rather than adding a government-run website into the mix, politicians should just simplify the tax code.

Reason · May 15, 2023

Stocks Rise on Optimism About the Debt Ceiling

The S&P 500 Index ( $SPX ) ( SPY ) is up +0.09%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is up +0.01%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is up +0.35%. U.S. stock index futures this morning are moderately higher...

Barchart · May 15, 2023