IRS

IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things 'Even More Insanely Complicated'
End Of IRS' 280E On The Horizon? What Cannabis Rescheduling Means For Business Tax Deductions
Congressman Matt Gaetz Introduces Bill To Allow Federal Tax Payments In Bitcoin
End Of IRS' 280E On The Horizon? What Cannabis Rescheduling Means For Business Tax Deductions
Congressman Matt Gaetz Introduces Bill To Allow Federal Tax Payments In Bitcoin
'Bitcoin Jesus' Roger Ver Arrested In Spain On Tax Evasion Charges
Biden Promised IRS Funding Wouldn't Increase Audits For Regular Americans As IRS Audits Poorest Americans 5X More Often Than Others

IRS Recent News

Cannabis Industry Facing High Cost Challenges As Tax Day Approaches
As the tax filing deadline of April 15 approaches, it's intriguing to examine the fiscal challenges and structural injustices faced by the cannabis industry.
IRS Clarifies Cash Reporting For Marijuana Businesses, Reveals No Automatic 'Suspicious Activity'
This important conversation around cannabis taxation without much representation will be in the air and discussed on panels at the upcoming Benzinga Cannabis Capital Conference in Florida this April 16-17, 2024.
IRS Says Wealthy Americans Are Evading Over $150B In Taxes A Year: 'Plenty Of Work To Be Done'
Danny Werfel emphasized the need for investments to ensure that the IRS can accurately determine the taxes owed, regardless of the taxpayer's complexity.
Tax Season Is Here: Meet The New Federal Program That Can Eat Away At Tax Preparation Companies
New IRS program launching for free tax filing could affect tax prep companies like H&R Block and Intuit. Market share drop could impact ETFs.
How To Collect Your $8000 Child Tax Credit As Part of Congress' New Law (UPDATED)
The child tax credit could be changing with the potential passage of the Tax Relief for Families and Workers Act of 2024.
IRS Hits The Pause Button On $10K Crypto Tax Rule: What's Next?
The Internal Revenue Service will be putting a pause on its contentious $10,000 cryptocurrency tax rule.
Inside The Mysterious $1.2M Bitcoin, Genesis Wallet Transfer: Who's Trying to 'Flush Satoshi Out?'
About $1.2 million worth of Bitcoin (CRYPTO: BTC) was recently transferred to the original Genesis wallet of crypto alias Satoshi Nakamoto.
Biden-Backed Bill Triggers IRS Reporting For $10K+ Crypto Transactions In 2024 — Coin Center Responds
The infrastructure legislation, championed by President Joe Biden, which received bipartisan support and was enacted in 2021, is now operational. 
IRS Presents Payback Scheme To Employers For Pandemic Tax Rebate
IRS is presenting employers with an opportunity to avoid civil penalties and is calling for aid in investigating third-party firms that recommended businesses to claim the credit.
FTX Challenges IRS's $24B Tax Demand, Asserts Zero Liability In Court Filing
Attorneys for the beleaguered cryptocurrency exchange FTX
IRS Deferment Of Enforcement Deadlines A Boon For Taxpayers But May Cost $8B
In defense of the delays, the IRS invoked a tax code section that allows the commissioner to manage and supervise the enforcement of tax laws.
US Lawmakers Challenge Treasury's Crypto Tax Regime, Expansive 'Broker' Definition
A group of nine bipartisan U.S.
Taxpayers, You Can Soon Submit Documents Electronically Ahead of Schedule: Janet Yellen Confirms IRS Move
"The impact will be significant and far-reaching, and we'll speed up processing times for the system as a whole," Yellen's prepared remarks read.
Kraken Names New UK Chief Amid Expansion; Prepares To Share User Data With IRS
Kraken announced a new managing director for its U.K. business as the crypto exchange looks to strengthen its foothold in its largest market.
Trulieve Vs The IRS Over Millions Of Dollars In Tax Refund, Relocates One Of Its Florida Stores
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) announced on Friday the filing of amended federal tax returns with refund claims for several of the company's business entities for 2019, 2020 and 2021.
Crypto Tax Delay A Concern, Treasury Department Needs To Act Now, Say Senators
Prominent U.S.
Microsoft To Appeal Against $29B US Tax Claim By IRS
Pennsylvania Stands Up To Federal Law On Medical Cannabis Taxes
A large-scale tax reform measure that recently advanced through the Pennsylvania legislature includes provisions that offer a partial solution to the restrictive IRS code known as 280E, which bans tax deductions at the federal level for state-licensed medical cannabis
IRS Slaps Lien On Trump's Ally Rudy Giuliani's Palm Beach Condo Over Half A Million Dollars Unpaid Taxes
The Internal Revenue Service has placed a lien on a condo owned by Rudy Giuliani in Palm Beach, Florida, over unpaid taxes from 2021.
Trump's Tax Records Allegedly Mishandled By IRS Contractor, Who Faces Up To 5 Years In Prison
An Internal Revenue Service (IRS) contractor found himself at the center of a legal storm on Friday, after federal prosecutors announced charges of illicitly accessing and distributing the tax returns of a notable government figure.
IRS Faces Massive Furloughs, Threatening Crucial Tax Services Amid Possible Government Shutdown
Hunter Biden Sues IRS, Says Agents 'Sought To Embarrass' Him
The son of President Joe Biden is suing the Internal Revenue Service (IRS) over the sharing of tax return information. The lawsuit from Hunter Biden comes shortly after an indictment was announced against him.
IRS Deploys Artificial Intelligence For Audit Targets: Hedge Funds, Real Estate Companies On List
The Internal Revenue Service (IRS) this month is set to audit 75 major partnerships, including leading hedge funds and real estate companies.