It took the IRS nearly 2 years to get refunds from victims of tax ID theft
Erin Collins, national taxpayer advocate with Taxpayer Advocate Service, speaks at a Senate Budget Committee hearing in Washington, D.C. on May 19, 2021. Bloomberg | Bloomberg | Getty Images There…
IRS Issues Final Crypto Tax Filing Guidance
Recipe-bg | E+ | Getty Images The U.S. Treasury Department and the IRS on Friday published final tax filing rules for digital asset brokers, leaving crypto investors with limited time…
IRS finalizes new regulations for crypto tax reporting
Starting in 2026, crypto platforms will have to report their transactions to the Internal Revenue Service. However, decentralized platforms that do not hold assets themselves are exempt. Those are the…
The IRS is causing unconscionable delays on a major problem, the watchdog says. Here's what you need to know.
The IRS is far too slow to solve a major problem for taxpayers who have to wait nearly two years for the Internal Revenue Service to clear up identity theft…
IRS watchdog urges update on employee retention credit gap
Erin Collins, a national taxpayer advocate with the Taxpayer Advocate Service, speaks during a Senate Appropriations Subcommittee hearing in Washington, DC, on May 19, 2021. Bloomberg | Bloomberg | Getty…
IRS apologizes to billionaire Ken Griffin for leaking his tax information
The IRS has issued a rare apology to billionaire investor Ken Griffin for releasing his tax information to the press, as well as to other taxpayers whose information was compromised,…
The IRS will deny billions of dollars in employee lien credit claims
Danny Werfel, IRS commissioner, speaks after being ceremonially sworn in at IRS headquarters in Washington on April 4, 2023. Ting Shen | Bloomberg | Getty Images The IRS will deny…
IRS unveils plan to close tax loophole for pass-through companies
IRS Commissioner Danny Werfel testifies before the House Appropriations Committee in Washington, DC on May 7, 2024. Kevin Dietsch | Getty Images The U.S. Treasury Department and the IRS on…
IRS Direct File plans to fully open in pilot states on March 12
Valentinrussanov | E+ | Getty Images The IRS has unveiled final testing for Direct File, the agency's free tax filing program, with plans to fully open in 12 pilot states…
You may owe the IRS money on Monday; skipping payment could cost you hundreds of dollars
Yellen says IRS audits have increased to focus on the very wealthy Yellen says IRS audits have increased to focus on the very wealthy 02:39 Some taxpayers may not be…
