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IRS Recovers $4.7 Billion in Back Taxes
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes since the nation's tax collector received a massive glut of funding through Democrats' flagship tax,
IRS Tax Filing Change Proposed Under Donald Trump
Republican Representatives have called on President-elect Trump to end the IRS' Direct File program, saying the program is "unauthorized and wasteful."
IRS recovers $4.7 billion in back taxes, braces for cuts under Trump, GOP
Republicans have long called for rescinding the tens of billions of dollars in funding provided to the agency by Democrats.
29 House Republicans want Trump to scrap the IRS's free direct tax filing tool on day one of his presidency
GOP lawmakers are framing the IRS's free direct tax filing system as an example of the "weaponization of government against Americans."
Democrats fear more IRS cuts in funding fight with GOP
The White House and congressional Democrats are fighting to protect $20 billion in funds for the IRS as the tax collection agency faces significant changes next year. As bipartisan funding talks near a key December deadline,
9h
IRS urges some U.S. residents to withdraw funds. Here’s why.
The Internal Revenue Service (IRS) is urging some folks to make one of those things “withdraw funds.” ...
21h
on MSN
IRS Issues Warning to Millions of Retirees
Generally, those who are 73 and have given up working must make withdrawals from traditional IRA, SEP IRA, SIMPLE IRA and ...
19h
IRS unveils new income tax brackets and deductions for 2025
The IRS has announced key tax changes for 2025 due to inflation, including adjustments to income tax brackets, deductions, ...
Accounting Today
3h
IRS expands Tax Pro Account, launches enforcement effort
The Internal Revenue Service is adding more features to the Tax Pro Account, Business Tax Account and Individual Online ...
JD Supra
1h
IRS Releases New Section 83(b) Election Form
Our Federal Tax Group explains the new standardized Form 15620 that taxpayers can use when receiving property that is subject to a “substantial ...
1d
Clear Start Tax Shows How $32,000 IRS Debt Was Settled Down to Only $100 Through This Government Program
With Ken's $32,000 IRS tax debt reduced to just $100, Clear Start Tax underscores its commitment to empowering clients with ...
3d
Trump wants Billy Long to head IRS. Here's what to know about the Springfield politician
Billy Long, known for his longtime support of Trump and over 10 years in Congress, is currently a Realtor and "Certified Tax ...
JD Supra
2h
IRS Issues Final Regulations on Energy Property and Rules Applicable to Energy Credit Under Section 48
On December 4, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) released final regulations providing further guidance ...
Accounting Today
2d
IRS offers tax pros draft info security plan
A primer on WISPs from the Internal Revenue Service can get practitioners started on setting up this required plans.
Opinion
5h
Opinion
Elon Musk’s worst suggestion so far: ‘Delete’ the IRS?
Elon Musk recently polled his X followers with a simple question: Should the IRS’s funding be increased, the same, decreased ...
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