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News Articles: IRS

House Speaker Kevin McCarthy speaks to members of the media at the U.S. Capitol in Washington, D.C., on May 24, 2023. The House is set to vote on a debt deal on Wednesday.

Tagged as: 

  • Politics

CBO says debt ceiling deal would cut deficits by $1.5 trillion over the next decade

Congressional forecasters say the debt ceiling deal struck by President Biden and House Speaker Kevin McCarthy over the weekend would reduce deficits by about $1.5 trillion over the next decade.

May 31, 2023
|
By:
  • Scott Horsley
Here, the Internal Revenue Service building in Washington, on March 22, 2013. IRS Commissioner Danny Werfel acknowledged that Black taxpayers may be audited at higher rates than non-Black taxpayers.

Tagged as: 

  • Business

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.

May 16, 2023
|
By:
  • Jonathan Franklin
The IRS is working on a plan that would allow taxpayers to file directly with the government online, but tax preparation companies plan stiff opposition.

Tagged as: 

  • Politics

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.

May 16, 2023
|
By:
  • Scott Horsley

Tagged as: 

  • National

No, the IRS isn't calling you. It isn't texting or emailing you, either

Since 2018, over 75,000 victims have lost $28 million to IRS imposters over the phone, email, texts and more. Here's how the IRS actually contacts taxpayers and how you can spot imposters.

April 07, 2023
|
By:
  • Kaitlyn Radde
Atlanta Medical Center on Boulevard will close Nov. 1. (Wellstar Health System)

Tagged as: 

  • News

Atlanta hospital closure inquiry sought by Georgia Democrats

Democratic Georgia lawmakers, local officials and the NAACP are asking federal officials to investigate a health care system that closed hospitals in downtown Atlanta and a southern suburb. They claim Wellstar Health System has illegally discriminated against Black people and violated its tax-exempt status.

March 09, 2023
|
By:
  • Associated Press
Todd Chrisley, left, and his wife, Julie Chrisley, pose for photos at the 52nd annual Academy of Country Music Awards on April 2, 2017, in Las Vegas. The couple, stars of the reality television show “Chrisley Knows Best,” have been found guilty in Atlanta on federal charges including bank fraud and tax evasion Tuesday, June 7, 2022.

Tagged as: 

  • News

Atlanta reality TV stars Todd and Julie Chrisley make IRS's Top 10 list of biggest 2022 cases

The Internal Revenue Service's Criminal Investigation (IRS-CI) unit is using social media to showcase a Top 10 list of the agency’s most prominent and high-profile investigations of 2022. Notorious Atlanta reality TV stars Todd and Julie Chrisley hold the No. 6 spot.

January 04, 2023
|
By:
  • GPB News Staff
A sign outside the Internal Revenue Service building in Washington, on May 4, 2021.

Tagged as: 

  • Economy

The IRS is increasing the standard deductions for 2023 as inflation intensifies

The IRS is increasing energy-related tax breaks, as well as standard deductions for single and married people and heads of households.

October 19, 2022
|
By:
  • Ayana Archie
The IRS is refunding penalties it charged taxpayers for filing their 2019 and 2020 tax returns late as a form of COVID-19 relief.

Tagged as: 

  • Your Money

You may get an IRS refund if you filed your taxes late during the pandemic

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.

September 10, 2022
|
By:
  • Joe Hernandez
The Internal Revenue Service building is seen in Washington, D.C., on April 5. The IRS got $80 billion in new funding as part of the climate and health care bill passed by Congress on Friday. Most of that money will be used to target wealthier tax evaders.

Tagged as: 

  • Economy

The IRS just got $80 billion to beef up. A big goal? Going after rich tax dodgers

The big climate and health care bill passed by the House Friday includes billions in new funding for the IRS over the next decade. Most of that money is aimed at catching wealthy tax cheats.

August 14, 2022
|
By:
  • Scott Horsley
Internal Revenue Service Commissioner Charles Rettig prepares to testify before the Senate Finance Committee on the IRS budget for fiscal year 2023 at the Capitol in April 7. He'll face questions from a House committee today on why the IRS audited two former FBI leaders who investigated Donald Trump's 2016 campaign.

Tagged as: 

  • Politics

IRS head is getting questioned by lawmakers after former FBI officials were audited

U.S. Tax Commissioner Charles Rettig, who was appointed by President Trump in 2018, will face questions behind closed doors from lawmakers in the House and Senate before the end of the month.

July 14, 2022
|
By:
  • Deepa Shivaram
A battle over taxes continues to brew as the IRS is seeking to obtain more bank account information, a move strongly opposed by Republicans and the lenders themselves.

Tagged as: 

  • Politics

Does the IRS really want to spy on your bank account? The latest tax fight, explained

The Biden administration hopes to help fund its agenda by cracking down on tax evasion, but its plan to require more bank information is drawing strong opposition from GOP lawmakers and banks.

October 25, 2021
|
By:
  • Scott Horsley
President Ronald Reagan shows his boot following the signing of his tax bill in August 1981 at his vacation home near Santa Barbara, Calif.

Tagged as: 

  • Politics

The Democratic Push To Tax The Rich More Is 40 Years In The Making

Democrats will try the same budgetary process from four decades ago when first-year President Ronald Reagan used reconciliation to achieve his "revolution" in federal fiscal policy.

September 16, 2021
|
By:
  • Ron Elving
Officials remind parents that it will not attempt to gather personal or financial information via email, text or through threatening phone calls.

Tagged as: 

  • National

The IRS Won't Be Calling, Emailing Or Texting. Don't Fall For Child Tax Credit Scams

"Be alert to criminals who ask you, by phone, email, text – or even on social media, to verify your information," the IRS cautions.

July 22, 2021
|
By:
  • Vanessa Romo
The IRS distributed the second round of stimulus money to eligible inmates using debit cards, which state prisons are unable to process. Correctional officials have communicated the problem to the federal agency, but it's unclear what steps the IRS will take to fix it.

Tagged as: 

  • National

Stimulus Debit Cards Unusable For Prison Inmates In At Least Four States

The debit cards can't be processed in prisons so inmates can't deposit their payments. The IRS has acknowledged the problem, but hasn't offered an immediate solution.

February 06, 2021
|
By:
  • Jimmy Jenkins

Study: Metro Atlanta Among Most Targeted For Tax Scams

Tax day may bring relief to the masses, but expect spam phone calls to increase until April 15. A study analyzing 15 million consumer complaints to the...

March 06, 2019
|
By:
  • Bianca Theodore

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