IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Will Wipe Away $1.2B in Late Fees From Pandemic
By Laura DavisonThe tax agency will automatically issue the refunds or credits for most of the fees to 1.6 million taxpayers by Sept. 30.
August 19, 2022
Who Will the IRS Go After With Its $80B Budget Boost?The Inflation Reduction Act beefs up the IRS, but there's a hot debate over which individuals and income levels it will target.
August 18, 2022
Will $80B Solve the IRS's Problems?There are some complicated issues involved with the agency's new budget boost.
August 18, 2022
Trump's Longtime CFO Pleads Guilty to Tax FraudThe Trump Organization is facing the same charges as Allen Weisselberg; both pleaded not guilty last year to the tax scheme, of which the CFO was the biggest beneficiary.
August 17, 2022
6-Month Timeline for IRS Plan to Target Tax Cheats: YellenNone of the funds will be used to increase enforcement tied to those earning under $400,000 a year, according to a memo.
August 16, 2022
Debate: The New 1% Tax on Stock BuybacksTwo tax experts offer differing views regarding the likely effects of the stock buyback tax, which should be signed into law today.
August 15, 2022
Senate Finance Chair Asks Blackstone Unit for Private Placement Life DetailsSen. Ron Wyden says wealthy families might be using PPLI to cut taxes, without a genuine insurance purpose.
August 15, 2022
IRS to Hike Interest Rates for Q4A 6% overpayment and underpayment rate will apply to most taxpayers starting Oct. 1.