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The Latest Breaking News from the Internal Revenue Service

IRS Collects Over $1 Billion From Millionaires In Back Taxes In Less Than One Year

The IRS achieved a milestone in collecting more than $1 billion from wealthy American taxpayers in less than a year since passing legislation to add more agents.

International Business Times

IRS Finds Majority Of Employee Retention Credit Claims Improper

IRS review finds majority of Employee Retention Credit claims at risk of being improper due to fraud, with billions expected to be denied.

Top News

IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper

The Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper

The Independent UK

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The U.S. Paid $580 Million In Point-Of-Sale EV Tax Credits So Far This Year

The U.S. government's support scheme seems to be pretty popular, with the IRS receiving about 100,000 time-of-sale EV reports so far.

InsideEVs

Promise-Breaking IRS

Plus: Ethan Mollick on AI, Nancy Pelosi's kente cloth, hurricanes may destroy us all, and more...

Reason

How to Determine If You Qualify for IRS Tax Relief Programs

The burden of tax debt can be overwhelming, casting a long shadow over your financial well-being.

inkl

Former IRS contractor sentenced to prison for tax records leaks - Roll Call

A federal judge sentenced a man to five years in prison Monday for the leak of tax documents of Donald Trump and others.

Roll Call

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Republicans’ Israel bill would strip money from IRS ability to crack down on tax cheats

The proposed bill will also strip money from the IRS’s plan to create a free electronic filing system

The Independent UK

Ex-IRS contractor pleads guilty in leak of tax return information of Trump, wealthy people

A former contractor for the Internal Revenue Service charged with leaking tax information to news outlets about former President Donald Trump and thousands of the country’s wealthiest people pleaded guilty Thursday in an agreement with prosecutors

The Independent UK

IRS says Microsoft may owe more than $29 billion in back taxes; Microsoft disagrees

The Internal Revenue Service says Microsoft owes the U.S. Treasury $28.9 billion in back taxes, plus penalties and interest

The Independent UK

IRS contractor charged with leaking tax return information of wealthy people

A former contractor for the Internal Revenue Service has been charged with leaking tax information to news outlets about a government official and thousands of the country’s wealthiest people

The Independent UK

No, Court Won't Order Removal of Online Copies of the Decision in Your Online Case, Even if

you argue that you're losing job opportunities because employers see that decision.

Reason

IRS Targeting More Supposedly 'High-Income' Americans Than Advertised

Don’t count on that promise to not hike taxes on “people making less than $400,000.”

Reason

IRS will pause taking claims for pandemic-era tax credit due to an influx of fraudulent claims

The Internal Revenue Service said Thursday it will pause accepting claims for a pandemic-era tax credit until 2024 due to rising concerns that an influx of applications are fraudulent

The Independent UK

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Zenger

US Treasury, Internal Revenue Service Introduce Comprehensive Set Of Cryptocurrency Regulations

The move shows growing importance of digital assets and the government's commitment to ensuring their transparent and lawful use.

The Guardian - US

$80bn for the IRS? Fund the US taxman, but not like this

The Internal Revenue Service is woefully underfunded, and badly needs money – but Biden has made a PR blunder

Chicago Sun-Times

In Alsip red-light-camera investigation, feds have done new interviews, issued subpoenas

Investigators recently approached or interviewed current and former village officials, asking how Alsip chose SafeSpeed as its red-light-camera contractor.

WEKU

The IRS will stop making most unannounced visits to taxpayers' homes and businesses

The agency said instead it will send letters to certain taxpayers to set up face-to-face meetings.

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Chicago Tribune

Commentary: The IRS has an alternative to TurboTax. But will that widen the racial wealth gap?

The Internal Revenue Service recently announced that it will begin a pilot program during the 2024 tax season to start preparing and filing Americans’ taxes in-house, relieving them of the need to use an accountant or tax preparation software such as TurboTax.

Zenger

Trump Explored Using IRS To Target FBI Officials, New Report Reveals

Former White House chief of staff John Kelly's sworn statement sheds light on Trump's alleged attempts to investigate FBI agents

The Conversation

Arrests of 3 members of an Atlanta charity's board in a SWAT-team raid is highly unusual and could be unconstitutional

On May 31, 2023, the Atlanta Police Department deployed a SWAT team to arrest Marlon Kautz, Adele MacLean and Savannah Patterson. These three people weren’t fugitives from justice or drug kingpins, but rather volunteer board members of a local charity.

Fortune

The tax deadline is April 18. Here's how to file for an extension

The good news is: It’s a fairly easy process.

Chicago Tribune

Editorial: We must invest in the IRS. It’s the only way to ensure all Americans pay the taxes they owe

Imagine investing $80 over a decade and getting a $180 return. Pretty good deal, right? Now multiply those figures by a billion dollars and you get an idea of how much American citizens will benefit from additional federal funds being allocated to the Internal Revenue Service.

McClatchy Washington Bureau

‘IRS is finally answering the phones’ but struggles with technology as Tax Day nears

WASHINGTON — It’s been easier this year to get in touch with someone at the Internal Revenue Service.

The Conversation

I tried to pay my taxes in cash – here's what happened, and why the IRS should make it easier to do so

About two-thirds of all U.S. residents who file federal income taxes typically get a refund. Unfortunately, this year I am among the other third who owe the Internal Revenue Service money.

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