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.
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.
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.
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.
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.
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.
The IRS is increasing energy-related tax breaks, as well as standard deductions for single and married people and heads of households.
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.
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.
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.
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.
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.
"Be alert to criminals who ask you, by phone, email, text – or even on social media, to verify your information," the IRS cautions.
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.
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...