Internal Revenue Service

Tax Season Is Here: Meet The New Federal Program That Can Eat Away At Tax Preparation Companies
How To Collect Your $8000 Child Tax Credit As Part of Congress' New Law (UPDATED)
IRS To Launch Free Tax Filing Pilot Program From January 2024
How To Collect Your $8000 Child Tax Credit As Part of Congress' New Law (UPDATED)
IRS To Launch Free Tax Filing Pilot Program From January 2024
IRS Faces Massive Furloughs, Threatening Crucial Tax Services Amid Possible Government Shutdown
IRS Deploys Artificial Intelligence For Audit Targets: Hedge Funds, Real Estate Companies On List

Internal Revenue Service Recent News

Another Treasury Delay On Crypto Tax Law Could Cost Billions: 'Urgency Intensified'
The Treasury Department's delay in implementing a law designed to catch cryptocurrency tax evaders is raising concerns. What Happened: The law, aimed at closing a loophole that allows cryptocurrency investors to evade taxes, was projected to raise $28 billion over a decade.
IRS Whistleblowers Accuse DOJ Of Interference In Hunter Biden Probe: The US Attorney Was 'Constantly Hamstrung'
Two IRS whistleblowers asserted that the DOJ deliberately delayed its investigation into Hunter Biden and disregarded felony tax charges suggestions.
Congress Members Call On Treasury Department, IRS To Ink Rules For Taxing Crypto
Democratic Congress members Brad Sherman and Stephen Lynch have publicly called for the U.S.
Man Imprisoned For Stealing Bitcoins From IRS
Gary Harmon admitted using his brother's credentials to recreate eight Bitcoin wallets stored on a device in an Internal Revenue Service evidence locker in April 2020. Harmon was sentenced to four years in prison Thursday by US District Judge Beryl Howell in Washington, DC, where he pleaded guilty in January.
Elon Musk And Michael Burry Criticize Plans To Ramp-Up IRS Hiring, Say Move Not Aimed At World's Richest But The Small Fishes
The Inflation Reduction Act that recently received Senate approval recommends an $80 billion provision for the Internal Revenue Service to strengthen enforcement and hiring.
Janet Yellen Says IRS 'Needs To Be Completely Redone' And It's A 'Big Task'
U.S. Treasury Secretary Janet Yellen called the makeover of the Internal Revenue Service in the coming years one of her top priorities.
Elon Musk Wants Your Help As Tesla Finally Has Way To Get IRS' EV Qualification Norms Corrected
As Tesla Inc.
Larry Summers Questions House GOP's Intent To Rescind IRS Funding: 'On What Sane Ground Can They Object To...'
Former Treasury Secretary Lawrence Summers has questioned House Republicans' intent to prioritize ending “unnecessary” federal programs, including cutting
NFT Tax In The US? IRS Shifts Focus From 'Virtual Currency' To 'Digital Assets'
All digital assets, including stablecoins, non-fungible tokens (NFTs), and cryptocurrencies, will be subject to the same tax laws in the United States, according to the Internal Revenue Service’s 2022 tax year guide.
Venmo, Cash App And Zelle Now Required To Report Transactions Over $600 To IRS And Users Are Upset
A new tax law that took effect at the start of 2022 is not being welcomed by users of mobile payment services.
5 Bizarre Things You May Not Know About General Electric
General Electric’s (NYSE: GE) planned split into three different companies focusing on aviation, health care and energy caught many investors by surprise.
Maximus Secures Two Contracts Worth $151M At IRS For Modernization And Support
MAXIMUS, Inc. (NYSE: MMS) has been 
IRS Is Coming For Your Crypto With A $32M Request
The United States Internal Revenue Service (IRS) requested $32 million of funding to enhance its cryptocurrency enforcement efforts.
Crypto Exchange Kraken To Provide User Records To IRS As Per New Court Order
The U.S.-based crypto exchange Kraken will now be obliged to provide the Internal Revenue Service (IRS) with details about its users engaged in cryptocurrency transactions equivalent to $20,000.
Bristol Myers In Over $1B Tax Brawl After Accidental Disclosure Of Offshore Patents Setup: NYT
An accidental disclosure last spring at the I.R.S has reportedly exposed a $1 billion tax fight with Bristol-Myers Squibb Co (NYSE: BMY).
Facebook Closes Holding Companies In Ireland That Help It Pay Less In Taxes: Report
Facebook Inc (NASDAQ: FB) has shut down several holding companies in Ireland responsible for international sales.
Trump Paid $750 In Federal Income Taxes In 2016, 2017 Financial Years: NYT
The year Donald Trump won the presidential election, he paid $750 in federal income taxes, according to a New York Times report. The next year — his first as a resident of the White House — the tax amount didn't change.
IRS Alerts Against Criminals Profiteering From Fake Coronavirus Treatments, Charities, Phishing, Other Financial Fraud
The United States Internal Revenue Service said in a statement on Monday it had identified multiple malicious actors taking advantage of the novel coronavirus (COVID-19) pandemic to make a profit.
'Bring Your Own Mask,' Says IRS Summoning Employees Back To Work
Internal Revenue Service has called back workers in "mission-critical functions" to the agency offices from Monday.
President Trump's Tax Plan Explained: What Exactly Is It?
Why It May Be Getting Easier To Cheat On Your Taxes
Will The IRS Be Able To Enforce The Obamacare Mandate?
3 Reasons The IRS Bitcoin Ruling Is Good For Bitcoin